Global Energy Metals Corp (TSXV:GEMC, OTCQB:GBLEF, FSE:5GE1) said its partner at the Werner Lake cobalt project in Canada has hired experienced geologist Toby Hughes as it kicks off an aggressive exploration program to update the current resource estimate.Paul Sarjeant, the company's VP of Projects and Director, noted Hughes's is a very important hire for Marquee, as he will help to lead the drill...Read More
Mr. Joe Campbell reportsTERRAX ANNOUNCES CLOSING OF FINANCING FOR $4.0 MILLIONTerrax Minerals Inc. has closed its bought deal financing announced on March 23, 2018, and on April 3, 2018, which was led by PI Financial Corp. The overallotment option granted to the underwriter (PI Financial) was exercised in full.Pursuant to the offering, the company issued an aggregate of 4,312,500 units of the comp...Read More
Image: GlencoreZinc hit a four month low of $3,135 a tonne on Thursday, down more than 12% from its decade high achieved mid-February.Rising fears about trade protectionism have taken the shine off most base metals but zinc's bearish outlook has more to do with new supply; and lots of it.The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016...Read More
Shares in fashion retailer Quiz Plc (LON:QUIZ) strutted higher after reporting a 30% jump in revenue to ?116.4mln in the year ended March.Revenue growth was driven by online which delivered a 158% increase in sales to ?30.6mln. UK stores and concessions rose 12% to ?65.6mln.The company joined the market in July valued at ?200mln, raising around ?100mln in the process, mainly for its founding...Read More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD. CLOSES $1.5M FIRST TRANCHE FINANCING, ANNOUNCES AMENDMENT TO MT. CAMERON OPTION AGREEMENT AND PROVIDES UPDATE ON PROPOSED TRANSACTION Genius Properties Ltd. has closed a $1,556,000 non-brokered private placement of 10,373,335 units of the corporation, each unit consisting of one common share and one-half of one share purchase warrant, at a price of 15 c...Read More
NAIROBI, April 12 (Thomson Reuters Foundation) - Kenya's oil, gas and mineral deposits are being increasingly exploited, but a failure to implement laws and ensure local communities know their rights has meant the most marginalised are not benefiting, lawyers and academics said on Thursday.The East African nation has proven deposits of titanium, gold and coal and also holds significant copper, nio...Read More
Mr. Mike Mutchler reportsAMARILLO COMPLETES OVER SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF APPROXIMATELY $5.2 MILLION Further to Amarillo Gold Corp.'s news releases dated March 19, 2018, March 29, 2018, and April 2, 2018, the company has successfully closed the second and final tranche of its previously announced non-brokered private placement through the issuance of 4,244,44...Read More
(Bloomberg) - The reach and power of U.S. sanctions are hemming in the world's largest commodity trader.In just four months, Glencore Plc chief Ivan Glasenberg has lost two of his closest business allies as President Donald Trump's aggressive foreign policy hits home, forcing him to cut ties with billionaires Oleg Deripaska and Dan Gertler.The U.S. actions demonstrate the rising risk from interna...Read More
Roland Phelps, chief executive of Galantas Gold Corp (LON:GAL, CVE:GAL), caught up with Proactive's Andrew Scott to discuss two tranches of additional finance which has been negotiated to further develop the Omagh Mine in Northern Ireland.They've agreed a concentrate prepayment deal for US$1.6mln with Ocean Partners.Galantas has also increased its on-demand loan facility with G&F Phelps by aro...Read More
Roger Murphy, chief executive at African Battery Metals PLC (LON:ABM), discusses with Proactive Investors plans to extend the auger drilling programme on the Kisinka property in the Democratic Republic of the Congo (DRC) to investigate some additional soil anomalies.Two lines of augering have so far been completed on the 70% owned Kisinka licence acquired in December 2017 - one across the southeas...Read More
Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, looks at the industry's performance in 2018 so far and sets out what we can expect for the rest of the yearThe past couple of months have featured a broad retracement of the metals complex, away from the recent highs. Markets were taken aback by rising uncertainties, includi...Read More
As increasing consumer interest in electric vehicles drives the demand for supplies of lithium and cobalt (ingredients in lithium-ion batteries), the Critical Materials Institute will begin new efforts this July to maximize the efficient processing, use, and recycling of those elements."The global tech economy is heating up, and we're likely to see high demand for a growing number of materials," s...Read More
The euro has slumped to session lows following the release of the latest ECB Minutes, which were unexpectedly dovish and echoed the Fed's worries about growing trade war, notingRead full newsRead More
Having broken the lower limit of its currency peg band overnight, The Hong Kong Monetary Authority bought the local currency overnight for the first time since the current peg was imposed in 2005. However, the HK$816mm bought failed to move the needle...Read full newsRead More
The last 30 minutes has seen Bitcoin explode higher by over 15% (the biggest move since 2017), breaking above $8,000 on extremely heavy volume as the cryptocurrency tests above its 200-day moving-average. Speculative chatter on the driver behind the move is Russian oligarchs buying...Read full newsRead More
London's leading physical gold store in St James's has seen a 253% increase in physical gold sales year on year in March 2018 as investors flocked to the safe haven asset, as geopolitical tensions ran high.Sales at the gold showroom were over ?9m ($12.7m) during March 2018, up from ?2.5m just a year earlier. The high levels of gold sales was a record for the store which opened in January 2016 an...Read More
BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business, the energy group said on Tuesday.Read full newsRead More
(Bloomberg) - Thieves broke into Harmony Gold Mining Co.'s Kalgold mine Tuesday morning and stole 12 kilograms (386 ounces) of the precious metal, according to spokeswoman Lauren Fourie.The robbers accessed "heavily guarded" gold storage facilities in a significant security breach at the mine, situated in South Africa's North West province, she said. The incident is being investigated."The gold w...Read More
Will both the US and Russia fall into it or will Trump stand down, pull out of this game with his tail between his legs, accept his defeat and try to find another less dangerous arena than the Levant to face Russia? Could it be that Trump is gathering larger coalition, to make sure Russia can't respond against several nations, and therefore avoid a wider war? The coming days will carry the answer...Read More
"The mainland needs to continue to prepare for a possible military clash across the Straits..."Read full newsRead More