- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More
Velocity Minerals Ltd. (TSXV:VLC) has recently released an introductory video, which includes footage of drilling at the Rozino gold project in Bulgaria and its partner's gold processing facilitiesRead full newsRead More
A week ago we warnedRead full newsRead More
John W Barr, executive chairman of Mosman Oil And Gas Limited (LON:MSMN), tells Proactive they produced 3,558 barrels of oil in the four months to January from its Welch project in Texas.Cash flow from the project was also positive over the period.At the Arkoma project in Oklahoma, initial oil and gas production rates from the Union Valley zone the Arkoma Stacked Pay project (12%), indicate that i...Read More
Otis Gold Corp. (the "Company" or "Otis") (TSXV:OOO) (OTC:OGLDF) is pleased to announce assay results for the final nine core holes from its 25-hole, 8,000-metre drill program at the Kilgore Project in Idaho. Seven holes encountered significant bulk-tonnage intercepts highlighted by 86.8 metres (m) grading 1.05 grams per tonne gold (g/t Au)in hole 17 OKC-366, 137.2 m grading 0.91 g/t Au in hole 17...Read More
Tom Becker, president and chief executive of Iofina plc (LON:IOF), tells Proactive construction's complete and they've now begun production at their IO#7 IOsorb (R) plant.The site in Oklahoma, USA has undergone hydrostatic testing and evaluations of its systems and is currently processing iodine rich brine water. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals...Read More
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Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
Feedback plc (LON:FDBK) was on the front foot after the medical imaging software company announced the appointment of David Crabb as chief executive with immediate effect.Shares rose 10.7% to 1.7p in morning trading.Crabb previously served as chief executive of software firm Cambridge Online Systems, helping to turn the company from a loss-making business to one with top-quartile financial results...Read More
Canuc Resources Corporation (TSXV:CDA) ('Canuc' or the 'Company') is pleased to announce plans for drilling another gas well on the Thompson lease in Stevens County, West Texas.Read full newsRead More
Marcus Engelbrecht, managing director of Crusader Resources Ltd (ASX:CAS), tells Proactive's Andrew Scott they're looking to raise between US$10-15mln through a listing next month on London's AIM market.Engelbrecht says the cash will be used primarily to progress their Borborema project in Brazil. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals Ltd. at our eve...Read More
January saw volatility return to Lithium and Cobalt markets, both correcting on oversupply anxiety.Glencore announced that its Democratic Republic of Congo (DRC) project Kamoto will expand its Cobalt output to 34ktpa by 2019 (~30% of CY19F global demand). This news impacted Cobalt stocks globally on near-term oversupply concerns.Read full newsRead More
Electronic databases specialist RELX Group PLC (LON:REL) is expected to report another year of underlying revenue, profit and earnings growth on Thursday.Revenue growth on the Scientific, Technical & Medical side and in the Legal business is expected to be modest, having been up 2% year-on-year in the first nine months of the financial year.The sexy numbers should be provided by the Risk &...Read More
Andy Warne, managing director of National Milk Records (NEX:NMR), tells Proactive they're a service provider in the diary industry.''The basic services we provide are for farmers to become more efficient'', Warne says''So it's the quality of the food they're producing and the volume of foo they're producing .... so our primary client is the dairy farmer but we also have a second business where we...Read More
Barry Downes, from Sure Ventures Plc (LON:SURE), spoke to Proactive's Andrew Scott soon after the fund began trading on the Specialist Fund Segment of the London Stock Exchange.He says they're looking to invest in early stage technology companies, with a focus on software-centric businesses in three rapidly-growing markets - AR/VR, FinTech and IoT.Downes adds that Sure Ventures offers investors th...Read More
Gazprom's Power of Siberia pipeline is more than two-thirds complete. It will be delivering gas to China by the end of this year. A second pipeline is still under discussion...Read full newsRead More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by former COO of Gemfields (LON:GEM) Dev Shetty, is stepping up efforts to kick off operations at some of its key assets and so take advantage of a growing demand for coloured precious rocks.The company, which began operations less than a year ago, in May 2017, has good reasons to be in a rush. Sales of emeral...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) has kicked off a feasibility study for its C??t?(C) Gold Project, located in the Abitibi gold belt in Ontario, and said a construction decision should be made in the first half of 2019.Last year, the Toronto-based miner sold a 30% interest in the proposed open pit mine to Japan's Sumitomo Metal Mining, the Asian nation's No. 1 gold producer, but it re...Read More
Mr. Mark Kolebaba reportsADAMERA DRILLING CONFIRMS SULFIDE MINERALIZATION AT SE-01 - FOLLOW UP DRILLING UNDERWAYAdamera Minerals Corp.'s first hole on the SE-01 VTEM target at its Cooke Mountain project in Washington State is mineralized with sulphides and magnetite.The drill hole intersected a thick zone with both semi-massive and disseminated sulphides over a 120-metre core length.Mineralization...Read More
Mr. B. Matthew Hornor reportsMAPLE GOLD UPDATES DOUAY RESOURCE ESTIMATE, INCREASING CONTAINED OUNCES AND CONVERTING MORE THAN 450,000 OUNCES INTO INDICATED RESOURCES Maple Gold Mines Ltd. has provided an updated mineral resource estimate for the company's Douay gold project, as prepared by Micon International Ltd. The updated estimate includes additional drilling and assays from work completed dur...Read More