Slam cashes up to fund exploration in Ontario and New Brunswick

Slam Exploration (SXL-V) has topped up its treasury with a series of private placement financings as it prepares to resume exploration drilling early in the New Year on the Reserve Creek gold project in northern Ontario and the Silverjack base…

Battle for Baffinland Iron Mines continues

The takeover battle between private equity investor Nunavut Iron Ore Acquisition and global steel giant ArcelorMittal (MT-N) for junior Baffinland Iron Mines (BIM-T) and its Mary River project took a new turn with a revised offer from…

Eastern Platinum raises $348 million

With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for Phase 1 of its Eastern Limb development plan in South Africa. 

China cuts 2011 export quotas on rare earths

Shares of rare earth element (REE) companies reached new heights when markets re-opened after the holidays on Dec. 29 following news that China has cut export quotas for the strategic metals by 35% year-on-year.

Avion adds to its West African portfolio

Avion Gold (AVR-T,AVGCF-O) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (AXM-V). In total Avion will pay Axmin $500,000 in cash and issuing 4.5 million shares for the…

Shear rolls back shares and changes name

At the opening bell on December 30, Shear Minerals will begin trading on a consolidated basis under the new name of Shear Diamonds (SRM-V). At the company’s recent annual meeting, shareholders and the board of directors approved a 10-to-1…

Blue Note gets extension on Croinor acquisition

Blue Note Mining (BNT-V) has three more months to tie up its acquisition of First Gold Exploration’s (EFG-V) stake in the Croinor gold project and the Matchi-Manitou property. The deal was originally announced in July with the closing date set…

2010: The year of the deal

After surviving a devastating 2009 characterized by plummeting commodity prices, sweeping cutbacks and ailing financial markets, the mining industry enjoyed a cautious recovery in 2010, powered by higher metals prices and strong mineral demand…

Helicopters near the camp at Peregrine Diamonds' Chidliak project on the south end of Baffin Island, Nunavut.

Chidliak’s results compare favourably to Diavik

While it’s still early days at Peregrine Diamonds’ (PGD-T) Baffin Island Chidliak diamond project, mini-bulk sample results from the promising CH-6 kimberlite compare well to the kimberlite pipes bein…

Uranium One aims to buy Mantra from ARMZ

Uranium One (UUU-T) has its eyes on Mantra Resources’ (MRL-T, MRU-A) Mkuju River uranium project in Tanzania, but doesn’t yet have the cash to acquire it.

What’s next for potash?

In the wake of BHP Billiton’s (BHP-N, BLT-L) US$39-billion failed bid for Potash Corp. of Saskatchewan (POT-T, POT-N) and K+S Aktiengesellschaft’s $434-million friendly offer for Potash One (KCL-T), i…

The camp at Zincore Metals' Accha zinc deposit in southern Peru.

Zincore pulls high-grade zinc at Accha

VANCOUVER — A 5,000-metre drill program has shown that the Accha non-sulphide zinc deposit in Peru has room to grow, as drillers pull high-grade intercepts from the north and east flanks of the zone …

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