Resource Big News Roundup: Monterey Minerals Increases Property Portfolio in the Pilbara; First Cobalt Advances Refinery Commissioning Strategy; Rio Tinto Enters into $30M Option Agreement with Forum Energy Metals to Explore Its Janice Lake Copper Project

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) declined due to concerns that the continued trade dispute between the US and China will impact global growth. US-China trade disputes overshadowed encouraging domestic data in Canada. The Canadian economy added a record high of 106,500 jobs in April. On Friday, the index fell as Washington raising tariffs on Chinese goods even as the two nations attempt to strike a last minute trade agreement. At 10:01 a.m. ET, the index was down 116.6 points at $16,205.15. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, steadily declined over the course of the week.

In case you missed it, here is this week’s resource big news roundup:

Battery: 

• American Manganese Inc. Applies for Recycling Patents in Seven Countries
• Delrey Announces Form 211 Clearance from FINRA and DTC Eligibility
• First Cobalt Advances Refinery Commissioning Strategy
• Lake Resources: Pilot Plant Engineering Underway at Kachi Lithium Project
• Global Energy Metals Arranges Strategic Investment from Canada Cobalt Works; Signs MOU to use Revolutionary Hydrometallurgical Process at Nevada Battery Metals Projects
• Canada Cobalt Launches “Re-2OX Unlocks”, Signs Deal For First Revenue Stream
• Surge Acquires Additional Copper-Gold Mineral Claims Adding to its Sizeable Land Position in British Columbia
• Miller Graphite Significantly Purer Than Commercial Synthetic Graphite Marketed for Use in Small Modular Nuclear Reactors
• Lomiko Metals and Quebec Precious Metals report new intercepts 116.9 m of 4.80% including 15.2 m of 18.04% and 47.3 m of 7.56% including 11.3 m of 17.45% flake graphite at the La Loutre Project

Energy:

• Rio Tinto Exploration Canada Enters into $30 Million Option Agreement with Forum Energy Metals to Explore Its Janice Lake Copper Project, Saskatchewan
• ALX Uranium Corp. Announces Staking of Flying Vee Project in Saskatchewan

Precious:

• Monterey Minerals Increases Property Portfolio in the Pilbara Basin, Western Australia
• Goldplay Exploration: Surface Channel Sampling at Nava Zone Returns Wide Gold Intersection 40 m at 0.7 g/t Au Including 6.0 m @1.9 g/t Au
• Great Bear Drills Deeper in the Hinge Zone – 28.37 g/t Gold Over 3.70 m Including 200 g/t Gold Over 0.5 m; New Gold Zones Drilled Across Property
• Desert Gold Enters into Option Agreement with MMC

To see our previous Resource Investing Big News Roundups, please click here.