Otis Gold Corp. (“Otis” or “the Company”) is pleased to announce that it has reached an agreement to (1) increase its interest in the Blue Hill Creek and Matrix Creek Gold-Silver Properties located in Cassia County, Idaho from 80% to 100% and (2) reduce the existing net smelter royalty on
Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF), at the request of Canadian regulatory authority IIROC, confirms that its management is unaware of any material change to the Company or its business that would account for the recent increase in market activity.
Agnico Eagle Mines Ltd. has agreed to acquire, by way of private placement, 14.42 million common shares of Otis Gold Corp. (TSXV:OOO) at a price of 35 cents per common share for proceeds of $5,047,000. On closing of the transaction, Agnico will own approximately 9.95 per cent of the issued
SAN FRANCISCO, CA–(Marketwired – May 31, 2016) – Global permanent magnets market is likely to reach USD 31.18 billion by 2020. Growing demand for the product from automobile industry is expected to be a key factor driving growth for permanent magnets over the forecast period. The increasing use of the
Friday May 20th the first annual European Rare Earth Roundtable, hosted by Adamas Intelligence and the Technology, Rare and Electronic Materials Center. Following the event, the Investing News Network reached out to Ryan Castilloux of Adamas Intelligence to get some updated insight into the market.
Molycorp (OTC:MCPIQ) announced that its plan to emerge from Chapter 11 Bankruptcy protection was approved by the US Bankruptcy Court for the District of Delaware this week. The company had faced a number of objections to previous plans.
The Investing News Network recently spoke with Ben Kramer-Miller, chief analyst at miningWealth, to get some insight into the rare earths market.
Bankrupt Company News reported that the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America and its Local Union 662 have filed an objection to Molycorp’s (OTCMKTS:MCPIQ) reorganization plans.
The Wall Street Journal reported that Molycorp (OTCMKTS:MCPIQ) has failed to garner any acceptable offers for its business, but Bondholders are crying foul, stating the company should not have rejected their bid.
In a letter to shareholders, Texas Rare Earth Resources CEO Dan Gorski admitted that due to difficult capital markets in 2015, the company was caused to scale back its process and development work originally planned for the past year. Still, he stressed that the company has made technical progress with