Monday, March 19, 2018

Klondex Mines Ltd. - KDX.t

Klondex Mines Ltd. - KDX.t is a gold and silver producer focused in North Central Nevada. The company operates three producing mineral properties: the Fire Creek Mine and the Midas Mine and ore milling facility, both in Nevada, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba.
On March 19, 2018 the media released News

Hecla Mining Company will acquire all the outstanding shares of Klondex Mines Ltd. through a plan of arrangement. Klondex's Canadian assets will be spun out to its existing shareholders.

Under the Transaction, Hecla will acquire Klondex for consideration of $462-million (U.S.) with a mix of cash and shares of Hecla common stock and the newly formed company (Klondex Canada). Klondex's shareholders will receive $2.47 (U.S.) per share in cash or shares of Hecla, which represents a 59-per-cent premium to Klondex's 30-day volume-weighted average price, as at March 16, 2018, on the NYSE American.
On February 22, 2018 the company released News

Klondex Mines Ltd. today announced the Company has increased the borrowing capacity of its credit facilities.

Sunday, March 18, 2018

Critical Elements Corporation - CRE.v

Critical Elements Corporation - CRE.v is advancing the flagship Rose Lithium-Tantalum project in Quebec.

A feasibility study suggests an after-tax NPV of $726 million (at 8% discount rate), after-tax IRR of 34.9%

On February 7, 2018 the company released News

Critical Elements Corporation is pleased to provide an update to its shareholders on the most recent discussions with strategic partners and a review of 2017 accomplishments and recent lithium market developments.

Outcropping Lemare pegmatite.

Friday, March 16, 2018

Novo Resources Inc - NVO.v

Novo Resources Inc - NVO.v owns the approximately 10 square kilometer Beatons Creek Tenements in Western Australia and has the right to earn a 70% interest in the approximately 1,800 square kilometer Pilbara Paleoplacer Gold Project in Western Australia.
On March 13, 2018 the co released News

All of Novo Resources Corp.'s 3,927,884 share purchase warrants issued in a private placement which closed on March 8, 2016, have been exercised, raising gross proceeds of $3,338,701. Novo's current cash balance stands at approximately $69.5-million.
Shares of Novo Resources have been on a climb since the company announced on July 12 it had found gold nuggets up to 4 cm long during trenching at its Purdy’s Reward paleoplacer gold prospect in Western Australia. The company’s stock nearly tripled from 96¢, only to gain another 33¢ to $3.15 per share on Aug. 8, when assay results of a 700-kg bulk sample delivered 87.8 grams gold per tonne and 46.1 grams per tonne. The sample represents the top metre of an 11-metre thick stacked sequence of mineralized conglomerates, similar in style to deposits seen within South Africa’s 1.5 billion oz. gold Witwatersrand Basin.

The watermelon-seed shaped nuggets were originally eroded out of an ancient gold system and re-deposited via rivers in a large outwash zone. Novo has traced the nugget-rich, 2.7 billion year old conglomeratic package almost continuously along an 8-km strike length. The rocks dip 10 degrees to the southeast under a cover of basalts.

Thursday, March 15, 2018

First Cobalt Corp. - FCC.v

First Cobalt Corp. - FCC.v objective is to build the largest pure-play cobalt exploration and development company in the world. The Company’s primary focus is on its Greater Cobalt Project, located in the Cobalt Camp in Ontario, Canada. The Company began drilling in the Cobalt Camp in August, 2017.

On March 14, 2018 the company released News
First Cobalt Corp. and US Cobalt Inc. (TSX-V: USCO) are pleased to announce they have entered into a definitive agreement whereby First Cobalt will acquire all of the issued and outstanding shares of US Cobalt pursuant to a plan of arrangement, further enhancing First Cobalt’s position as a pure-play North American cobalt company.

Under the terms of the Arrangement Agreement, all of the US Cobalt issued and outstanding common shares will be exchanged on the basis of 1.5 First Cobalt common shares for each US Cobalt common share issued and outstanding (the “Exchange Ratio”). The Exchange Ratio represents a 61.8% premium to US Cobalt’s closing price and a 58.5% premium based on both companies’ 5-day volume-weighted average trading prices, both as at March 13, 2018.