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Tag: production of cobalt

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Fortune Minerals Announces Closing of Bought Deal Financing

Fortune Minerals Announces Closing of Bought Deal Financing

Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF) is pleased to announce that it has closed its previously announced short form prospectus offering (the “Offering”) of units (the “Units”) of the Corporation with Cormark Securities Inc. (the “Underwriter”), acting as underwriter, on a bought deal basis. The Company has issued 25,800,000

Fortune Minerals refiles 2015, Q1, Q2, Q3 2016 results

Fortune Minerals refiles 2015, Q1, Q2, Q3 2016 results

Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF) has filed amended and restated financial statements (together in each case with an amended corresponding management’s discussion and analysis) for the year ended Dec. 31, 2015, the quarter ended March 31, 2016, the quarter ended June 30, 2016, and the quarter ended Sept.

Boleo Project and Camrova Resources Corporate Update

Camrova Resources Inc. (formerly Baja Mining Corp.), (the “Company”) (TSXV: CAV) (OTCQB: BAJFF) is pleased to report that Tom Ogryzlo (Interim CEO) and Nigel Kirkwood (CFO), recently attended a meeting of the Board of Directors of Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. (“MMB”) at site where they

Formation Metals Announce Corporate Update

Formation Metals Announce Corporate Update

Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) announced that it has received the final metallurgical test work report on bench test production of cobalt sulfate heptahydrate crystals suitable for the rechargeable battery sector produced from ore samples from Formation’s Idaho Cobalt Project.

Cobalt Industry Begins Shift to London Metal Exchange Pricing

The Financial Times reported that the $2-billion cobalt industry, which for over two decades has used Metal Bulletin price assessments as a benchmark for transactions, is now switching over to the London Metal Exchange contract. Though the move is not expected to happen overnight, it is being described as “inevitable.”

Recycling Cobalt – Sustainable and Affordable

The United States has no domestic production – it is 100 percent dependent on imports for its supply of primary cobalt meaning that if developers want to continue using the mineral they will have to find new sources, like recycling existing batteries.

With the recent strong support for electric vehicles the

Puget Ventures Inc. – Advanced Cobalt Property, Werner West Cobalt Mine

Puget Ventures Inc. (CVE:PVS) is a Vancouver, British Columbia-based mining exploration company focused on the acquisition, exploration and development of metals properties, with a current emphasis on cobalt and nickel-copper-platinum group elements (PGE). The Company’s acquisition focus has been on the historically productive Werner Lake Mineral Belt, stretching 60km along

Duluth Metals – Low Cost Production Potential

Overview
Based on Indicated and Inferred Resources for the Nokomis Deposit, the Nokomis Deposit ranks as one of the largest Polymetallic Resources to be discovered in North America in decades containing a higher than average grade for deposits within the Duluth Complex. The Nokomis Deposit is located in Northeastern Minnesota, southeast

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