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By Siv Padhy
Tungsten companies are hard at work at many hotspots across the globe. Here’s what’s going on in Asia, North America, Africa and Australia.
World tungsten production reached 86,400 MT in 2016. Here’s a brief overview of the nine countries that produced the most tungsten last year.
North American Tungsten Corp (TSXV:NTC) announced the orders that have been made in its proceedings under the Companies’ Creditors Arrangement Act, including an extension of stay to March 31.
As quoted in the press release, the orders are as follows:
a) on November 16, 2015, the Supreme Court of British Columbia made
CBC News reported that North American Tungsten (TSXV:NTC) will be closing its Cantung mine in the Northwest Territories on October 27, with the hopes of resuming operations in the summer of 2016.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced that it will begin a sale and investor solicitation process now that it has gained approval by an order of the Supreme Court of BC. The Court also extended the stay and other relief under the Companies’ Creditors Arrangement Act (CCAA) to October
North American Tungsten Corporation Ltd. (TSXV:NTC) announced that its has entered into a $2.5 million Interim financing with Callidus Capital Corporation. The arrangement was approved by the Supreme Court of BC on July 9.
North American Tungsten Corp. (TSXV:NTC) announced that it has began restructuring proceedings pursuant to an initial order granted by the Supreme Court of BC under the Companies’ Creditors Arrangement Act.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced a series of temporary layoffs of employees at the Cantung mine over a six week period.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced its second quarter financial results which show a net loss of $6.4 million or $0.03 per share for the three months ending March 31 and a net loss of $6.6 million for the six months ending March 31.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced that in conjunction with seeking out approval to construct a dry stack tailings facility, the company is also working with regulatory authorities to update the long-term reclamation plan and security arrangements for its Catung mine.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced the results of its annual general and special meeting of the shareholders, which was held on March 18, 2015. The meeting gave shareholders of the company the chance to elect board members, approve plans and authorize changes.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced its net loss for its Q1 fiscal results for the three months ending December 31, 2014 are substantially improved compared to the previous year.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced a net loss of $6.6 million for its fiscal year, which ended September 30, 2014.
North American Tungsten (TSXV:NTC) has announced an amendment to its $11 million loan with Callidus Capital Corporation. The changes include additional proceeds of $3.65 million and an extended repayment date of May 31 2016.
Last week was a tough time for the TSX Venture Exchange. Nevertheless, some companies made gains, including Reservoir Capital, North American Tungsten, Los Andes Copper, Titanium and Lara Exploration.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced that the mineral reserve estimate for its Cantung mine has increased, meaning that the mine’s life has grown longer.
North American Tungsten (TSXV:NTC) announced that the plan to develop the Mactung project – located in the Yukon – has received environmental approval. The process stretches back to 2008, when North American Tungsten first submitted its request.
North American Tungsten Corporation Ltd. (TSXV:NTC) reported a net loss of $0.4 million for the three months ended June 30, 2014. The company recorded improvements in its net losses for both the three and nine months ending June 30, and reported strong operational progress.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced that the Yukon Environmental and Socio-economic Assessment Board has released its final screening report for the company’s Yukon-based MacMillan Pass tungsten property, recommending that it “be allowed to proceed without [further] review.”
North American Tungsten Corporation Ltd. (TSXV:NTC) reported its third quarter results, for the three months ended June 30, 2013. The Company announced a net loss of $6.3 million ($0.03 per share).
The Company continues to benefit from the 2012 capital program enhancements. As compared to Q3 2012, tonnes of ore processed,
