Canada's Dominion Diamond Mines and Rio Tinto shocked the market on Friday by unveiling what is believed to be the largest diamond ever found in North America, measuring in about the size of a chicken-egg.The 552-carat yellow gem quality stone, unearthed in October, measures around 3cm by 5.5cm, almost three times the size of the next largest stone ever found in Canada, Dominion - which owns 40% o...Read More
Canada's Dominion Diamond Mines and Rio Tinto shocked the market on Friday by unveiling what is believed to be the largest diamond ever found in North America, measuring in about the size of a chicken-egg.The 552-carat yellow gem quality stone, unearthed in October, measures around 3cm by 5.5cm, almost three times the size of the next largest stone ever found in Canada, Dominion - which owns 40% o...Read More
In his latest Howestreet.com broadcast with Jim Goddard, INK CEO Ted Dixon worries that the Fed is looking backwards at positive US economic data instead of forwards at warning signs such as housing. If the Fed does not hold up on its rate hikes, they risk going too far. American insiders and stocks in the U.S. Financials sector are still not confirming a base in share prices and the Fed is proba...Read More
Chinese battery maker GEM Co. has halted buying cobalt from Glencore Plc after prices fell below the agreed level under a three-year contract signed earlier this year, according to a person familiar with the matter.Cobalt prices have dropped more than 25 percent since a peak in April amid growing concerns that too much supply has been brought online in response to surging prices. Last week Glencor...Read More
Ontario's Government for the People is supporting innovation in Sault Ste. Marie, which will lead to modernization in the manufacturing industry and create nine full-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced the Sault Ste. Marie Innovation Centre (SSMIC) is receiving $713,590 to create a team of information technology...Read More
Billionaire hedge fund manager John Paulson's success in ousting the bulk of Detour Gold Corp's board could serve as a "template" for an expected increase in shareholder activism in the gold sector, institutional investors said on Thursday.The Canadian mining company's shareholders voted for five board nominees backed by Paulson & Co at a special meeting on Thursday, and Detour's interim chief exe...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce that it intends to complete a non-brokered private placement of up to 5,000,000 units ("Units") at a price of $0.10 per Unit for aggregate gross proceeds of up to approximately $500,000 (the "Private Placement"). The Company intends to use the proceeds from the Private Place...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is acquiring 12,600,000 common shares of fellow junior miner Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects on South America's North Atlantic coast.The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Q...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is acquiring 12,600,000 common shares of fellow junior miner Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects on South America's North Atlantic coast.The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Q...Read More
Australian miner and infrastructure supplier Mineral Resources (ASX: MIN) signed Friday a binding deal to sell a stake in its Wodgina Lithium Project and form a joint venture with US-based battery metals giant Albemarle for $1.15 billion.The agreement gives Albemarle a 50% interest in all mineral rights within the Wodgina tenements, other than iron-ore, which Mineral Resources will retain, and Tan...Read More
Shares in Africa-focused Firestone Diamonds (LON:FDI) shot up more than 14% on Friday after the company announced it had recovered a 46-carat white diamond at its 75%-owned Liqhobong diamond mine in Lesotho.The gem-quality stone was recovered undamaged, the miner said, and will be sold at the next tender in January.Firestone, one of the four African diamond producers part a potential four-way me...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), the most advanced platform for the distribution of consumer-relevant product information, is pleased to announce the addition of a NYSE publicly traded global e-commerce service provider to its Channel Partner Program.Venzee's Channel Partner Program was created to leverage Venzee's Mesh API platform for high v...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has completed the sale of a BOSS CO2 Extraction System ("BOSS") to a licensed facility in Ontario.The recent BOSS sale follows an eventful month for the Company with the Quadron team showcasing its equipment and turn-key extraction facility set-ups at the MJBiz Conference in Las...Read More
"Azumah Resources has made a new "blind" high-grade eastern lode discovery through drilling at the Bepkong deposit at its Wa gold project in Ghana. https://t.co/r7SyPyDWew #investing #resource #gold #discovery"Read full newsRead More
Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month the company's head of project evaluation, Rod Quick, stated that manage...Read More
Let's take a trip back to 2011. Uranium is at one of its all-time highs in the last decade, and it seems like things will just continue this way for the foreseeable future.Then on Mar. 11, 2011, came a disaster. An earthquake and subsequent tsunami in Fukushima, Japan caused a nuclear power plant meltdown. Radiation released and caused a large-scale evacuation with two deaths reported.The tragedy...Read More
The Kyrgyz-focused developer has agreed to hand over US$55 million for...Read More
Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] on Friday December 14 released more assay results from its Moosehead gold project on the island of Newfoundland, a move that sparked heavy trading in the shares.Sokoman was down 11.43% or $0.02 to 15.5 cents on volume of almost 7.6 million, making the junior the most acti...Read More
Renowned oil trader Andrew Hall says crude prices may have hit bottom.The former Citigroup manager, who made $100 million trading oil during the financial crisis (which earned him the nickname "God" of the crude market), says the energy markets face many headwinds, but investors are better off betting on oil.Hall says the biggest concern for oil investors is a global recession, which could signifi...Read More
Colorado School of Mines celebrated its midyear commencement Dec. 14, conferring a total of 226 bachelor's, 187 master's and 55 doctoral degrees during undergraduate and graduate ceremonies at Lockridge Arena. Special recognition was given to students of high scholastic achievement, active university involvement and innovative research at both ceremonies. Undergraduate awards and recognitions...Read More