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Global Cobalt Corporation (TSXV:GCO) announced that on July 31st, 2015 the Supreme Court of British Columbia granted an interim order authorizing and directing Global Cobalt to call, hold and conduct the Annual General and Special Meeting and to submit the plan of arrangement for shareholder approval.
Puget Ventures Inc. (TSXV:PVS) announced that Dr. Michael Hitch, PhD, P.Geo., P.Eng., has joined the Board of Directors as technical advisor.
Puget Ventures Inc. (TSXV:PVS) filed and received a receipt for an amended and restated preliminary short form prospectus with respect to an offering of subscription receipts, amending and restating the preliminary short form prospectus dated January 13, 2012.
Oversupply has been depressing cobalt prices this year, and with new projects slated to bring more than 7 percent of current world production online by next year, the situation is expected to worsen. But with the Congo and China controlling most of the world’s cobalt supply, there is room for
Puget Ventures Inc.(TSXV:PVS) announced entering into an equity financing agreement. The Company entered the agreement with Haverstock Fund, LLC with an amount of $15,000,000.
Commodities across the board are ending the week in positive threshold, having been battered by anxiety about Europe’s debt crisis. But hopes for easing from China are encouraging investors to buy up commodities.
A new cobalt application is likely to increase demand for the mineral, especially as high-tech, coal-fired plants emerge, however, this increase in demand may not cause a dent in the oversupply present in the cobalt market.
Further to its earlier announcement that the Company has entered into a strategic partnership with Beijing AXHA Investment Co., Puget Ventures (TSXV:PVS) announced that it has accepted the recommendation of Anhua to sign an MOU with China Aluminium International Engineering Corporation Limited as EPC contractor for the Karakul Cobalt
Puget Ventures Inc. (TSXV:PVS) announced a strategic partnership with Beijing AXHA Investment Co., whose parent company is CITIC Anhua Group. Anhua will arrange for an off-take agreement for the products of the Karakul Project with a major Chinese processor, subject to the approval of Puget Ventures, and arrange for the
Formation Metals Inc.(TSX:FCO) announced that it has entered into a cooperative effort with conservationists and local communities and will contribute $150,000 to enhance natural resources in Lemhi County, Idaho. The Company’s Conservation Action project hopes to project clean water and fish and wildlife habitats in 2012.
As demand for graphite surges, Quebec’s potential is taking center stage, with many miners announcing exploration projects in the province. With a sound economy and a wealth of natural resources, Quebec’s graphite-mining region has seen several projects commence in the past few years.
Formation Metals Inc.(TSX:FCO) announced that it has started processing silver and gold concentrates as it received notice of its placing on the Approved Refiners and Brands official list. The Company entered into an agreement earlier this year with the Crescent Mine to process silver concentrates.
Cobalt is a critical mineral with far-ranging applications, but with the Congo and China controlling the world’s cobalt supply, western nations, many of which do not produce any cobalt, are expanding recycling programs to alleviate shortage of the mineral.
The latest production results from the world’s top copper producers may have been far from stellar, but expectations of solid demand from China and a steady global economic recovery are pushing miners to continue investing in projects.
Afghanistan’s political future remains uncertain, but there is no doubt about its copper wealth. The Afghan government is eager to learn from the best practices of major mining groups, but competition to tap into the country’s copper riches is heating up among miners both large and small.
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