The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies. It’s still too early to predict when a BRICS currency will be released, but it’s a good time to look at the potential for a BRICS...
Tag: investing news
Glencore's Teck Coal Acquisition Gets Conditional Green Light from Canadian Gov’t
Glencore will take over Teck’s Elk Valley Resources, but must adhere to several conditions, outlined by Industry Minister Francois-Philippe Champagne. “Today I approved under strict conditions a much narrower transaction whereby Glencore will acquire Teck Resources’ metallurgical coal business,” Champagne stated. The company has agreed to Elk Valley Resources’ Canadian headquarters for at least a...
Gold from Canada's Biggest Heist Reportedly Smuggled to India, Dubai
“We believe a large portion has gone overseas to markets that are flush with gold,” said lead investigator Detective Sergeant Mike Mavity in a June 21 Peel Police Service Board meeting. “That would be Dubai, or India, where you can take gold with serial numbers on it and they will still honor it and melt...
Prospect Ridge Announces Second Tranche Closing of Unit Private Placement and First Tranche Closing of Flow-Through Unit Private Placement
The Company also reports it has closed the first tranche of its non-brokered flow-through private placement (the “FT Placement”) of $0.18 flow-through units announced on June 14, 2024 (see news release for details) issuing an aggregate of 5,384,377 flow-through units for gross proceeds of $969,187.86. In connection with the two tranches, the Company paid an...
Additional Land Acquired at Nunavut Cu-Ag-Au Project
Highlights “The Company is very pleased to have finally secured these additional 2 priority areas and concludes our strategy of acquiring the landholdings we wanted. These new licences are testament to the teams’ hard work and commitment to deliver for all shareholders. After stalking the process for several months and having assessed these areas in-depth...
WOA Proprietary Technology Successfully Adapted to Produce Pea & Faba Protein Isolates
HIGHLIGHTS The protein isolates were developed in WOA’s R&D laboratory and produced in our pilot plant in Perth, Australia. The development of the functional protein isolates from both pea and faba is the first successful adaptation of the Company’s technology that is currently used to produce Buntine Protein®. These functionalised versions have the potential to...
Final Preparations Underway for Uranium Drilling – Entitlement Offer Closes 10 July
Highlights The Company is aiming to appoint its preferred drilling contractor shortly, with the drilling program on track to commence by mid-August, with Dahrouge Geological Consulting providing technical support. Hidden Bay is located 20km south-west of the Rabbit Lake uranium deposit on the eastern flank of Canada’s world-class Athabasca Basin. The upcoming drilling program will...
High Grade Gold Assays Returned Within Menzies’ Lady Shenton System
HIGHLIGHTS These results are from the first phase of the RC drilling program at Menzies Gold Project (MGP), with the RC rig currently drilling at the Lord Byron deposit (part of the Jasper Hills project area) and the diamond rig presently at the Second Fortune Gold mine. Post completion of drilling within the Laverton Hub,...
Field Work on Main Reservoir Targets in Peruvian TEA Completed
Highlights Condor Director Scott Macmillan commented: “The proximity of the TEA adjacent to the onshore segment of the basin which hosts outcrops of the main reservoir targets provides us with an ability to study the depositional environment of the Tumbes and integrate this with the seismic attributes from the 3D seismic data into the offshore....
GoviEx Takes Hit as Niger Cancels Mining Permit for Madaouela Uranium Project
Niger’s political landscape has been unstable since a coup d’état last July. General Abdourahamane Tiani’s military junta took control of the country at that time, ousting President Mohamed Bazoum. The Madaouela project has been under development since 2007. GoviEx has made significant investments in exploration and development, completing 650,000 meters of drilling and publishing a...