INTERNATIONAL QUOTES (October 18, 2010)
Australia (A$) Aug 24 Aug 17 Change Aquila Resources 8.3 8.69 -0.39 Bendigo Mining 0.18 0.18 0.00 Centennial Coal 6.03 6.04 -0.01 Fortescue Res 4.50 4.56 -0.06 Iluka …
Volume 96 Number 35 - Oct 18 - 24, 2010
EXCHANGE RATES (October 18, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct 11 Oct 8 Oct 7 Oct 6 Oct 5 US$ in C$ Holiday 1.0136 1.0166 1.0073 1.0168 C$ in US$ Holiday 0.9866 0.9837 0.9928 0.9835 E…
Avalon raises $40M for Nechalacho
VANCOUVER — Canada’s most advanced rare earth element project now has enough funding to move through a feasibility study and beyond, as Avalon Rare Metals (AVL-T) secured almost $40 million through a financing and the exercise of warrants.In…
Investors flock to Champion
Switzerland-based MRI Advisory is investing $2 million and Hong Kong-based private equity firm Winner Max Investment another $1 million in Champion Minerals (CHM-T) and its prospective iron properties…
Matamec looks at Kipawa with fresh eyes
Juniors are resuscitating rare earth element (REE) deposits in record numbers as demand for non-Chinese supply grows, but only a few will turn out to have assets with the right mix of grade, elements, and processing ease to make it to…
Midland explores Ytterby REE project
In September 2009, Midland Exploration (MD-V) staked the Ytterby rare earth property in Quebec, not far from Quest Rare Minerals’ (QRM-V) Strange Lake property. A year later the junior explorer announced the discovery of two new rare earth…
Quebec Lithium lifts Canada Lithium shares (October 18, 2010)
Canada Lithium (CLQ-T, CLQMF-O) is gearing up to put its flagship Quebec Lithium project into production by late 2012.The company recently completed pilot-scale tests at the past-producing deposit near Val d’Or, Que., and reported that the…
North Arrow lays claim on NC’s lithium
With the brines of South America and the pegmatites of Quebec grabbing most of the lithium mining attention these days, the world’s former number one producing area can be forgiven for feeling a bit unloved.North Carolina’s tin-spodumene belt…
Scoping study out for Bear Lodge
VANCOUVER — With the hunt on for stable sources of rare earth elements (REEs), Rare Element Resources (RES-V, REE-X) has released a scoping study on its Bear Lodge REE project in Wyoming.The study concentrates on the near-surface oxide…
Commerce expands Eldor REE drilling
VANCOUVER — Long, well mineralized hits from a new zone have prompted Commerce Resources (CCE-V) to extend the drill program at its Eldor rare earths project in northeast Quebec, while it awaits the …
HudBay bids for Norsemont (October 18, 2010)
HudBay Minerals (hbm-t, hbm-n) is looking to venture farther south than it ever has before to acquire its next project. The company has made a friendly $520-million pitch to Norsemont Mining’s (nom-t) shareholders in the hope of nabbing…
Safari Mac OSX with Word
& Developers Association of Canada (PDAC) International Convention are nailed into place, there are indications both that the convention is looking at another successful year, and that the mining and mineral exploration sector is doing…