Roland Phelps, chief executive of Galantas Gold Corp (LON:GAL, CVE:GAL), caught up with Proactive's Andrew Scott to discuss two tranches of additional finance which has been negotiated to further develop the Omagh Mine in Northern Ireland.They've agreed a concentrate prepayment deal for US$1.6mln with Ocean Partners.Galantas has also increased its on-demand loan facility with G&F Phelps by aro...Read More
Roger Murphy, chief executive at African Battery Metals PLC (LON:ABM), discusses with Proactive Investors plans to extend the auger drilling programme on the Kisinka property in the Democratic Republic of the Congo (DRC) to investigate some additional soil anomalies.Two lines of augering have so far been completed on the 70% owned Kisinka licence acquired in December 2017 - one across the southeas...Read More
Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, looks at the industry's performance in 2018 so far and sets out what we can expect for the rest of the yearThe past couple of months have featured a broad retracement of the metals complex, away from the recent highs. Markets were taken aback by rising uncertainties, includi...Read More
As increasing consumer interest in electric vehicles drives the demand for supplies of lithium and cobalt (ingredients in lithium-ion batteries), the Critical Materials Institute will begin new efforts this July to maximize the efficient processing, use, and recycling of those elements."The global tech economy is heating up, and we're likely to see high demand for a growing number of materials," s...Read More
The euro has slumped to session lows following the release of the latest ECB Minutes, which were unexpectedly dovish and echoed the Fed's worries about growing trade war, notingRead full newsRead More
Having broken the lower limit of its currency peg band overnight, The Hong Kong Monetary Authority bought the local currency overnight for the first time since the current peg was imposed in 2005. However, the HK$816mm bought failed to move the needle...Read full newsRead More
The last 30 minutes has seen Bitcoin explode higher by over 15% (the biggest move since 2017), breaking above $8,000 on extremely heavy volume as the cryptocurrency tests above its 200-day moving-average. Speculative chatter on the driver behind the move is Russian oligarchs buying...Read full newsRead More
London's leading physical gold store in St James's has seen a 253% increase in physical gold sales year on year in March 2018 as investors flocked to the safe haven asset, as geopolitical tensions ran high.Sales at the gold showroom were over ?9m ($12.7m) during March 2018, up from ?2.5m just a year earlier. The high levels of gold sales was a record for the store which opened in January 2016 an...Read More
BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business, the energy group said on Tuesday.Read full newsRead More
(Bloomberg) - Thieves broke into Harmony Gold Mining Co.'s Kalgold mine Tuesday morning and stole 12 kilograms (386 ounces) of the precious metal, according to spokeswoman Lauren Fourie.The robbers accessed "heavily guarded" gold storage facilities in a significant security breach at the mine, situated in South Africa's North West province, she said. The incident is being investigated."The gold w...Read More
Will both the US and Russia fall into it or will Trump stand down, pull out of this game with his tail between his legs, accept his defeat and try to find another less dangerous arena than the Levant to face Russia? Could it be that Trump is gathering larger coalition, to make sure Russia can't respond against several nations, and therefore avoid a wider war? The coming days will carry the answer...Read More
"The mainland needs to continue to prepare for a possible military clash across the Straits..."Read full newsRead More
Paul Welch, chief executive of SDX Energy Inc (LON:SDX), tells Proactive Investors drilling at the Ibn Yunus-1X well at the South Disouq project's revealed a larger than expected gas reservoir.Welch says the well encountered 100.8 feet of natural gas pay in the Abu Madi horizon and the average porosity was measured at 28.5%.A production test will now take place starting 30-45 days after the drill...Read More
GUNSAN, South Korea, April 12 (Reuters) - Workers at a rural South Korean factory are busy extracting some of the world's most coveted metals, used in the batteries that power electric cars.But they're not digging in the ground or refining ore. Instead, they are sorting through a pile of lithium-ion batteries from old mobile phones and laptops.As China's aggressive hunt for overseas cobalt and lit...Read More
Mr. Matthew Hornor reportsMAPLE GOLD ANNOUNCES CLOSING OF $3,950,000 PRIVATE PLACEMENT Maple Gold Mines Ltd.has completed a non-brokered private placement financing (see press releases March 19, 2018, and April 5, 2018), for aggregate gross proceeds of $3.95-million through the issuance of 16,458,334 common shares at a price of 24 cents per share.Upon closing, the aggregate Quebec fund and institu...Read More
FMG should be applauded for a logical step into the unknownRead full newsRead More
LONDON/MELBOURNE, April 12 (Reuters) - Dominant aluminium producer China may help fill a gap in global supply after the United States slapped sanctions on Russia's aluminium giant Rusal.But a tangle of tariffs will obstruct flows to the United States so aluminium consumers will need to find other solutions as well, industry experts said.International prices, which have shot up more than 10 percent...Read More
Domestic producers struggling to compete with international suppliers, WCC hearsRead full newsRead More
Mr. Michael Allen reportsNORTHERN EMPIRE MOBILIZES THIRD DRILL RIG TO NEVADA GOLD PROJECT Northern Empire Resources Corp. has mobilized a third drill rig to the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.Michael G. Allen, Northern Empire's president and chief executive officer, commented: "This rig will be working at the permitted Sterling mine to follow up on...Read More
Andy Michuda, president and chief executive of Sopheon PLC (LON:SPE) tells Proactive Investors they're just now really starting to get out and tell their story after focusing on proving up and demonstrating their software.''Now that we're getting the word out and telling the story more we see that there's opportunities for growth quite significantly''.''We are focusing on upside growth going forwa...Read More