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Energizer Resources Raises Capital for Permitting at Molo Graphite Project, Madagascar
April 13, 2016
Energizer Resources Inc. has closed a non-brokered private placement offering for gross proceeds of CDN$224,550. Insider participation consisted of CDN$195,150 of the offering. The net proceeds of the offering will be used to fund the permitting fees associated with the
Uranium Resources Secures $12 Million to Advance Temrezli Project, Turkey
April 13, 2016
Uranium Resources, Inc. (URI) has executed a purchase agreement with Aspire Capital Fund, LLC to place up to $12 million in stock with Aspire Capital over a term of 30 months. The purchase agreement with Aspire Capital was executed on
Kibo Mining Confident Over Resource After Upgrade at Mbeya Coal Project, Tanzania
April 13, 2016
Kibo Mining PLC has significantly upgraded the status of the resources at its Mbeya coal-fired power development in Tanzania. A drilling program has seen the resource overall rise by 10.4 percent to 121 mln tonnes (Mt) out of which 20.9Mt
Mariana Resources Exits Nassau Gold Project, Suriname
April 13, 2016
Mariana Resources Ltd has opted to withdraw from the Nassau Gold Project in Suriname. It did so after evaluating all the exploration data and cited the “significant” future costs of an earn-in to the project for its exit. Mariana, which
Erdene Secures $2.5 Million Financing to Advance Development Programs for Gold Projects in Mongolia
April 12, 2016
Erdene Resource Development Corp. has signed financing agreements with Sandstorm Gold Ltd. that provide total consideration of C$2.5 million to Erdene to advance exploration and development programs on the company’s gold projects in southwest Mongolia. The transaction provides funding to
MNG Acquires Golden Rim Resources’ Balogo Project for $4 Million, Burkina Faso
April 12, 2016
Golden Rim Resources Ltd’s cash balance received a fillip of A$4 million after completing the sale of the Balogo Project in Burkina Faso to the MNG Group of companies (MNG). Golden Rim’s cash balance is now A$7.5 million, and the
True Gold Begins Gold Production at Karma Gold Mine, West Africa
April 12, 2016
True Gold Mining Inc. has achieved first production at the Karma gold mine on April 11, 2016, a few weeks following the start of leaching of ore. “Today is a great achievement for everyone that has been involved in building
Endeavour Mining Starts Construction of Its Hounde Gold Project, Burkina Faso
April 12, 2016
Endeavour Mining has entered the construction phase of development at its 90 percent-owned Houndé Project in Burkina Faso. The Houndé Project is expected to deliver average production of 190,000 ounces per year over a 10-year mine life at an AISC
Hastings Raises $9.6 Million After Promising PFS for Its Yangibana Rare Earths Project, Australia
April 12, 2016
Hastings Technology Metals Ltd’s share price surged 21.79 percent today after the company receiving firm commitments to raise $9.6 million from a primary share placement struck at a 28 percent premium to last sale price. The raising found heavy demand
Dundee Precious Metals Acquires Serbia-based Avala Resources
April 11, 2016
Avala Resources Ltd. and Dundee Precious Metals Inc. have successfully completed the plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which DPM, through a wholly-owned subsidiary (Acquisitionco), acquired all of the issued and outstanding common shares
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