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 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.
Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF) is pleased to announce that it has agreed with Cormark Securities Inc. (the “Underwriter”) to increase the size of the bought deal offering of units, announced on February 15, 2017, by 2,800,000 units ($700,000 ) to 22,800,000 units (“Units”) of the Company at
Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (the “Underwriters”), which has agreed to purchase, on a bought deal basis, 20 million units of Fortune (the “Units”) at a purchase price of $0.25 per Unit (the
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 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.
Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) announced it has completed initial bench test production of cobalt sulphate heptahydrate crystals suitable for the rechargeable battery sector from ore samples from its Idaho cobalt project.
MetalBulletin reported that cobalt refiners in China are increasing production of cobalt-containing tertiary material on the back of higher demand from the battery sector.
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.”
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
Alexander Mining plc (TSXV:AXD,AIM:AXM) announced that commissioning of its AmmLeach copper-cobalt plant has resulted in cobalt metal production.
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. (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
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