Formation Metals Inc. (TSX:FCO) is developing a Preliminary Economic Assessment on producing battery grade cobalt chemicals from its 100% owned, fully permitted Idaho Cobalt Project in Lemhi County, Idaho. The Company announced in January that it expects to file the PEA report on SEDAR before the end of February 2015. Formation Metals has a market cap of $9.54 million.
Orezone Gold Corporation (TSX:ORE) is expecting to complete feasibility study work and resource update in Q1 2015 for its 100%-owned Bomboré Gold Project in Burkina Faso.
Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) completed its 2014 drill program in October, with 22 holes totaling 2,296.6 meters. Final results from are expected in mid-February 2015 and will be incorporated in an updated 43-101 compliant resource estimate expected to be completed by end of Q1 2015.
MGX Minerals Inc. (CSE:XMG) is nearing completion on the maiden resource estimate on its Driftwood creek magnesite deposit in British Columbia, Canada. The Company recently reported that preparations are underway to re-assay historic drill core, and results of the chemical analysis will be added to the resource estimate.
Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,FWB:YE5) is anticipating the release of its bankable feasibility study. Energizer Resources has a market cap of $37 million.
Highbank Resources (TSXV:HBK) announced in October that piling work for the load-out conveyor and mooring dolphins at its Swamp Point North aggregate mine was completed, and that the conveyor sections and receiving hopper are in place. The Company anticipates commencement of production soon.
VanadiumCorp Resource Inc. (TSXV:VRB) is expecting a Preliminary Economic Assessment for its 100% owned Lac Dore Deposit in Quebec, Canada. VanadiumCorp has a market cap of $8.2 million.
Geomega Resources Inc. (TSXV:GMA) announced the completion of Phase 1 drilling on its 100% owned Anik project in Quebec. Visible gold was intersected in the first meters of drill hole AK-15-16, returning a gold grade of 12.06 g/t over 1 meter. The Company expects the results of the final seven drill holes (AK-15-16 partial and AK-15-17 to 22) in February 2015. Geomega Resources has a market cap of $9.12 million.
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