Komet Resources Inc. ('Komet' or the 'Company') is pleased to announce that it has closed a second tranche of a non-brokered private placement with accredited investors by issuing 3,364,000 units at a price of CA$0.37 per Unit, for total gross proceeds to Komet of CA$1,244,680.Read full newsRead More
Following the success of the Albion Process at GeoProMining's Ararat Processing Plant in Armenia, GPM have signed a collaboration agreement with Glencore Technology for the marketing of the Albion Process. GPM has successfully used Glencore Technology's atmospheric leaching process to increase overall recovery from sulphide concentrates in their Ararat plant from 20% to over 95%, defying expectat...Read More
Who is '3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64'...?Read full newsRead More
A bipartisan letter from US Congress members Paul Cook and Albio Sires says the future of American investment in Guatemala is being threatened by corruption and impunity prevalent in the country. In the letter, Cook and Sires advise the Guatemalan government and President Jimmy Morales to take immediate action to fix the problem. They outline the consequences of what could follow with these unreso...Read More
A bipartisan letter from US Congress members Paul Cook and Albio Sires says the future of American investment in Guatemala is being threatened by corruption and impunity prevalent in the country. In the letter, Cook and Sires advise the Guatemalan government and President Jimmy Morales to take immediate action to fix the problem. They outline the consequences of what could follow with these unreso...Read More
Shares in LiDCO Group plc (LON:LID) fell by 8% to 6.75p after saying it expects to post a loss for the 2017 financial year.The company, which supplies hemodynamic equipment used to monitor the body's blood flow to ensure vital organs are adequately oxygenated, said a ?1.7mln investment in its expansion is likely to lead to an unspecified loss.Total revenue is expected to rise just 1% to ?8.2mln...Read More
Mr. Antonio Berlanga reportsTELSON DISCLOSES TAHUEHUETO MINING & CONCENTRATE PREPRODUCTION, METALLURGICAL BALANCES & CASH SALE RESULTS FOR 2017 AND ANNOUNCES PLANS FOR CORPORATE NAME CHANGETelson Resources Inc. has released the results of preproduction mining and processing at its 100-per-cent-owned Tahuehueto mine development project located in Durango, Mexico.Preproduction mining averagi...Read More
Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has entered into an agreement with Sprott Capital Partners to act as lead agent, on its own behalf and, if applicable, on behalf of a syndicate of agents,in connection with a marketed private placement to raise gross proceeds of $21,495,000.The offering will consist of a combination of: (a) 13.3 milli...Read More
Ken Kroeger, executive chairman of Seeing Machines Limited (LON:SEE), tells Proactive's Andrew Scott it's been a great first half.''The capital raise was a big part of the activity. We've got great continued and increased support from our traditional shareholders as well as some great new institutional investors.''''The first half of the year tracking to target - a lot of activity in the automotiv...Read More
Kerim Sener, managing director at Ariana Resources plc (LON:AAU), tells Proactive's Andrew Scott a team's now on site at their Salinbas project and are commencing a programme of work there which includes re-logging of around 30 drill holes which will feed into a revision of the ore body model.''That will then form our exploration plan going forward - we're also planning for drilling at Salinbas la...Read More
The health of the high street will be the main focus on Friday, with official UK retail sales data due for release at the end of a week that saw UK inflation remain stubbornly higher.On Tuesday, the Office for National Statistics reported that the consumer price index in January remained at 3.0%, stalling at December's level after a slip back from 3.1% in November.But with inflation expected to fa...Read More
David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), updates Proactive's Andrew Scott on their planned work programmes for 2018."High impact" drilling is slated for the Biscathorpe and Holmwood projects and they're also expecting a new planning application to be made for the stalled Wressle oil field development project. The new documents are due to be submitted to the authorities i...Read More
Mr. Marc Prefontaine reports ORLA ANNOUNCES CLOSING OF BOUGHT DEAL FINANCINGOrla Mining Ltd. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' overallotment option. A total of 17.58 million units of Orla were sold at a price of $1.75 per unit, for aggregate gross proceeds of $30.76-million. Each unit consists of one common share of Orla...Read More
Cliff Holloway, chief executive of Scancell Holdings Plc (LON:SCLP), spoke to Proactive soon after taking over as CEO at the immuno-oncology company.Holloway says generating clinical data's a big focus for them in the near-term.''Over the next two years we expect to see clinical readouts from two of our programmes - SCIB1 and Modi-1''.''We'll be extending our pipeline particularly around Moditope...Read More
Dr. John-Mark Staude of Riverside reportsRIVERSIDE PROVIDES UPDATE ON EXPLORATION AND DRILLING IN SONORA, MEXICO Riverside Resources Inc. recently completed a partner-financed diamond drilling campaign at the Puerto Alamo target at the 36-square-kilometre Glor gold project. The exploration and drilling work was financed by partner Centerra Gold Inc., as part of its option to earn a 70-per-cent int...Read More
Gervaise Heddle, chief executive at Greatland Gold plc (LON:GGP) discusses with Proactive their plans to start a drill programme at the Havieron licence in April.Heddle says they're expecting to encounter a potentially large mineralised system, based on the results of detailed aeromagnetic and ground gravity data. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd., Harvest Minerals L...Read More
LONDON, Feb 15 (Reuters) - London Metal Exchange (LME) stocks of aluminium have surged by almost a quarter of a million tonnes over the last five days.A cumulative 265,475 tonnes have "arrived" in the LME's warehouse network, including 166,225 tonnes on Monday, which showed up in the exchange's Tuesday stocks report.That was the most dramatic single-day "arrivals event" since March 18, 2014, when...Read More
Pembridge Resources (LON:PERE) said Thursday it was buying Capstone Mining's (TSX:CS) Minto copper-gold-silver mine in Canada's Yukon for $37.5 million in cash plus a 9.9% stake in the company.The miner, which last year moved from the Aim to LSE main board, said the acquisition makes of Pembridge a cash flow generating copper producerThe London-based company said it plans to raise $50 mill...Read More
Mr. John Burzynski reports OSISKO INTERSECTS 2.51 G/T AU OVER 73.0 METRES AT GARRISON Osisko Mining Inc. has provided the final results from the 2017 drill program at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario. Over 85,000 metres of new drilling have been conducted by Osisko on the Garrison project since its acquisition in late 2015. A total of 15 new interc...Read More
This Friday, China is going to celebrate its new year, kicking off one of the planet's great migrations...Read full newsRead More