This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellA Pennsylvania jury has convicted Nevada's Louis Petrossi, 77, for fraud after he raised $1.8-million from investors and used most of the money for his own purposes. (All figures are in U.S. dollars.) Among other things, he purchased a BMW, paid for r...Read More

The latest news and price moves to start the Asian day on Wednesday March 14.Lead was the strongest performer on the London Metal Exchange on Tuesday March 13, closing 2.2% higher at the 5pm close. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Early starts to the multitude of labor negotiations due at Chilean copper mines this year could mitigate the r...Read More

The Massachusetts Institute of Technology and Commonwealth Fusion Systems have partnered to advance a new generation of fusion experiments and power plants based on advances in high-temperature superconductors, which could help achieve the long-sought goal of producing fusion power.In a press release, the scientists and funders involved in the project define fusion power as a potentially "inexhaus...Read More

http://www.cbc.ca/news/canada/north/Company says getting $505 million in financing was a make it or break it deal for the Yukon mineClosing a $505 million deal with investors was tough, but the president of Victoria Gold, John McConnell, says persistence paid off.Orion Mine Finance, Osisko Gold Royalties Ltd., and Caterpillar Financial came up with the bulk of the financing needed to move the Yuko...Read More

It was a broadly positive period for mining equities around the globe with Australian-listed lithium producer Galaxy Resources (AU:GXY) following yesterday's 3.5% gain with a further rise above 9%.Staff reporterGalaxy gains again14 MARCH 201814/03/2018commentsshareThe spot gold price was about US$8 an ounce higher than this time yesterday and producer St Barbara (AU:SBM) rose more than 5.5% as it...Read More

The head of the cobalt royalty and streaming company "trading as a proxy for the adoption of the electric vehicle" and aiming to emulate successful precious metals business models, says there is no shortage of potential portfolio projects outside the Congo, and pure-play cobalt ventures, and he has the funding in hand to "have a seat at the table [in] every single one of the ongoing" project finan...Read More

First, it was cryptocurrencies (like Bitcoin), then it was marijuana stocks (like Canopy Growth Corp. (TSX:WEED)), and now there's a new hot commodity that's picking up traction: cobalt.To say the metal is selling like hotcakes would be a vast understatement, especially when you consider the off-the-charts demand that the metal stands to experience over the next decade.Investors have been going cr...Read More

Anfield Energy Inc has agreed to acquire the Charlie in-situ leach (ISL) uranium project in Wyoming from Cotter Corp, as part of a strategy to create a mine and mill production complex in the state. Meanwhile, Energy Fuels Inc is pursuing opportunities to process new and additional alternate feed sources in order to allow the USA's only operating conventional uranium mill to extend its current ope...Read More

Orano USA and Waste Control Specialists (WCS) plan to form a joint venture to license a consolidated interim storage facility (CISF) for used nuclear fuel at the WCS site in Andrews County, Texas. The joint venture will request that the Nuclear Regulatory Commission resume its review of the CISF licence application WCS originally submitted two years ago.How the CISF could look (Image: WCS)In a sta...Read More

Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More

Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More

Base metals prices on the London Metal Exchange were on divergent paths at the close on Wednesday March 14, with copper leading the gains. The three-month zinc price was the worst affected today because prices were over 2% lower at the close - fresh deliveries into LME-listed warehouses in New Orleans put pressure on prices. "Zinc is down on account of another 10,000 tonne increase in LME stock ho...Read More

Jericho Oil (JCO.V) has reported a preliminary result from the first well drilled on its Blaine county acreage, in a joint venture with the private partner and private equity backed Staghorn Petroleum.The first well was targeting the Meramec formation using a horizontal well with a length of 1 mile and immediately hit the sweet spot. The initial flow rate in the first 24 hours was approximately 95...Read More

Miners will usually shout about a project's resource potential and only down the track will processing come into the investment pitch. Velocity Minerals (CN:VCL) has gone the other way; finding a mine in Bulgaria with apparently strong processing but poor mining operations.The hills are alive (with the sound of a Land Cruiser): Velocity's partner Gorubso's projects are all in the same area...Read More

Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More

Sanction by Health Canada more than triples Aphria Inc.'s (TSX:APH) production capacity of medical cannabis from 9,000 kg to 30,000 kg annuallySmallCapPower | March 14, 2018: Aphria Inc. (TSX:APH) announced on Tuesday the receipt of a license amendment from Health Canada, providing Aphria with additional production space of 200,000 square feet, as part of its Part III expansion at its facility in...Read More

Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More

Torex Gold's ELG Mine Complex in southwest Mexico. Source: Torex Gold Resources Inc."With 80% of production expected to come from the El Limon pit area, the company is running out of ore," Scotiabank analyst Trevor Turnbull said in a report. "If the current situation persists, it is inevitable that mill feed will run out within weeks unless employees can return in full force or the company receive...Read More

Conducting a gravity survey at Belmont's Kibby Basin lithium project in Nevada. Source: Belmont Resources Inc.The survey covered most of Belmont's Kibby Basin, Nevada claims and included the playa basin area as well as some of the adjoining higher level lands.Belmont's consulting geologist Robert Cuffney from Reno, Nevada will finalize and map drill hole locations and process the applications for...Read More

Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only C...Read More