Tag: Mining

Pure Energy Minerals Reports Positive Initial Lithium Brine Analyses From CV-3 Well at Clayton Valley South

VANCOUVER, British Columbia, Sept. 14, 2016 (GLOBE NEWSWIRE) — Pure Energy Minerals Limited (TSX-V:PE) (FRANKFURT:A111EG) (OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to announce that the initial brine analyses from its latest exploration borehole at the Clayton Valley South (“CVS”) lithium brine project are very positive.  Sampling in CV-3 encountered continuously elevated lithium compositions from a depth near the top of the perforated interval of the well at approximately 244 m (800 ft), to the deepest sample collected near the bottom of the perforated interval at 564 m (1,850 ft) below surface.  The lithium content over this 320 m

Podium Data Receives 2016 Computerworld Data+ Editors’ Choice Award

LOWELL, Mass., Sept. 12, 2016 (GLOBE NEWSWIRE) — Podium Data Inc. has been named as a 2016 Computerworld Data+ Editors’ Choice Awards honoree. The award recognizes innovative big data initiatives that have delivered significant business value. Podium was selected by the editors of Computerworld for its central role in delivering a production-ready, enterprise-grade data lake. The TD Bank Enterprise Data Provisioning Platform is helping the bank achieve its vision of next-generation agile banking by giving 80,000 business unit employees on-demand self-service access to data through a secure, enterprise-scale data marketplace. “Big data has the potential to help organizations dramatically expand

Mandalay Resources Corporation Reports Fatality at Cerro Bayo Operations

TORONTO, Sept. 11, 2016 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:MND) regretfully announces the fatality of a contractor in an incident that occurred yesterday at its Cerro Bayo operation in Aysen, Chile. The incident occurred underground and was reported to the Chilean authorities; an investigation into the incident has been initiated. Mining operations at Cerro Bayo are temporarily suspended and the Company is now working closely with the contractor, authorities, and our employees to respond effectively. Dr. Mark Sander, President and Chief Executive Officer of Mandalay, commented: “We deeply regret this incident and are working closely

Australia Nitric Acid Market is Expected to be Valued at US$ 725.3 Mn in 2016 – Persistence Market Research

New York, Sept. 09, 2016 (GLOBE NEWSWIRE) — New York: The Australia nitric acid market is expected to be valued at US$ 725.3 Mn in 2016 and is expected to grow 1.8X by the end of 2024 to be valued at US$ 1.3 Bn. The market is estimated to be pegged at 1,856.0 kilotons by the end of 2016 and is anticipated to increase at a CAGR of 7.8% in terms of volume over the forecast period (2016–2024). In a new report titled “Australia Nitric Acid Market: Industry Analysis and Forecast, 2016–2024”, Persistence Market Research provides in-depth insights into the performance

NioCorp Receives Jurisdictional Determination Approval from the US Army Corps of Engineers for the Elk Creek Project

CENTENNIAL, Colo., Sept. 08, 2016 (GLOBE NEWSWIRE) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE: BR3) is pleased to announce the successful completion of a Jurisdictional Determination (JD) process with the US Army Corps of Engineers (USACE) for the Company’s Elk Creek Superalloy Materials Project (“Project”).  The JD’s findings clears the path for the Project to proceed to the next phase of planning and permitting. The JD issued by the USACE identifies wetlands and streams within the Elk Creek Project’s footprint that are considered Waters of the U.S. (WOTUS) and are therefore regulated under the federal Clean

Kibush Capital Timber Authority Approvals

MELBOURNE, Australia, Sept. 08, 2016 (GLOBE NEWSWIRE) — Kibush Capital Corporation (OTC:DLCR) announced today that its subsidiary company Aqua Mining (PNG) Ltd has successfully received approval from the Department of Forestry Papua New Guinea, on applications for the Timber Authority (TA) in Kubuna and the Timber Authority (TA) in Rigo. As detailed in earlier releases, these two areas are significant resources that will enable the company to undertake commercial logging over a number of years. Mr. Sheppard, the CEO, said this is a great step forward for the company and it gives the company the opportunity to commercialise significant assets

MX Gold Corp. – Ministry of Environment Approves Discharge of 1025 Portal Water at Willa Gold/Copper/Silver Deposit

VANCOUVER, British Columbia, Sept. 08, 2016 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (Frankfurt:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce an update on permitting at the Willa Deposit near Silverton, B.C. Short Term Water Discharge Approved, Ministry of Environment August 31, 2016 The Ministry of Environment has determined that Willa Portal Water “…discharge will have negligible effects on the downstream environment.” The approval is to allow water currently discharging from the 1025 Portal onto the surface to be routed directly to Aylwin Creek, enabling the company to prepare for geotechnical test work in the proposed settling

McEwen Mining Appoints New Chief Operating Officer

TORONTO, Sept. 08, 2016 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce the appointment of Xavier Ochoa as Chief Operating Officer (“COO”), effective immediately and the departure of the Company’s current COO, William Faust effective September 30, 2016.  Mr. Ochoa is a seasoned executive, bringing more than 25 years of operational experience to the McEwen team and will be instrumental in the continued growth and development of our projects. Rob McEwen, CEO and Chairman of McEwen Mining stated: “We would like to welcome Xavier to the team; he has an outstanding track record delivering growth and

NioCorp Completes Five Pilot Plant Runs As Part Of Its Elk Creek Project Feasibility Study

CENTENNIAL, Colo., Sept. 07, 2016 (GLOBE NEWSWIRE) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is pleased to announce the successful conclusion of five metallurgical pilot plant runs that have tested the Company’s Scandium, Niobium, and Titanium production operations under continuous conditions.  These pilot plants were constructed and operated at the SGS facility in Lakefield, Ontario. Two of the pilots involved separate one-week runs of a Scandium Solvent Extraction Circuit, a conventional technology that would be used in the Company’s flagship Elk Creek Project production process to separate and concentrate Scandium.  The first pilot was completed between

Alico, Inc. Announces Fiscal Year 2016 Fourth Quarter Dividend

FORT MYERS, Fla., Sept. 07, 2016 (GLOBE NEWSWIRE) — Alico, Inc. (“Alico”) (NASDAQ:ALCO), a holding company with assets and related operations in agriculture and natural resources, announced that its Board of Directors, by Action of Written Consent on September 6, 2016, declared a fourth quarter cash dividend in the amount of $0.06 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of September 30, 2016, with payment expected on October 14, 2016. About Alico Alico is a holding company with assets and related operations in agriculture and natural resources. In addition

MGX Minerals Reports Maiden N.I. 43-101 Resource Estimate for Driftwood Creek Magnesium Project: 8 Million Tonnes Grading 43% Magnesium Oxide

VANCOUVER, British Columbia, Sept. 06, 2016 (GLOBE NEWSWIRE) — MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) is pleased to announce a maiden National Instrument (N.I.) 43-101 compliant mineral resource estimate for its Driftwood Creek magnesium project (“Driftwood Creek”). Highlights Measured plus Indicated (M+I) mineral resource totaling 8.028 million tonnes grading 43.31% magnesium oxide (MgO) Inferred mineral resource totaling 846,000 tonnes grading 43.20% MgO Bulk of resource is located less than 100 meters from surface Opportunities to expand mineral resource along strike and at depth with additional drilling The resource estimate was prepared by Mr. Allan Reeves. Mr. Reeves is

General Finance Corporation Reports Fourth Quarter And Full Year Results For Fiscal Year 2016

PASADENA, Calif., Sept. 06, 2016 (GLOBE NEWSWIRE) — General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand (the “Company”), today announced its consolidated financial results for the fourth quarter and full year ended June 30, 2016. Fourth Quarter 2016 Highlights  Total revenues were $72.3 million, compared to $65.3 million for the fourth quarter of fiscal year 2015. Leasing revenues comprised 57% of total non-manufacturing revenues versus 64% for the fourth quarter of fiscal year 2015.  Leasing revenues

WGE Holdings Corp. Announces Preliminary JV Agreement to Acquire Cement Facility and Supply and Distribute Product

LOS ANGELES, Sept. 06, 2016 (GLOBE NEWSWIRE) — WGE Holdings Corp., (OTC:WGEE), to be renamed Consolidated Gold Holdings, today announced it has entered into a preliminary agreement with a major Asian industrial and mining group to establish a joint venture to supply and distribute cement and building products throughout the Philippines and Northern Sulawesi Province of Indonesia. The proposed joint venture includes the acquisition of an existing cement facility in the Philippines with a capacity of one million tons per year, which will be initially utilized to grind and process clinker (raw cement) imported from China and Vietnam.  Finished product

Mexus gives an update on its Santa Elena mine

CARSON CITY, Nev., Sept. 06, 2016 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) today gave an update on the progress at its Santa Elena mine. The recent rains resulted in a small delay at the mine but the crew onsite did an excellent job of keeping the impact to a minimum.  The crushing of the heap leach pad filter material continues and should be completed shortly. Mexus President, Paul Thompson, remains confident that nothing will stop our partner from bringing the property into production. Mr. Thompson closed, “I appreciate the continued patience and trust of our

Stornoway Provides Update on Adamantin Project

LONGUEUIL, Québec, Sept. 01, 2016 (GLOBE NEWSWIRE) — Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) is providing an update on exploration at its 100% owned Adamantin Project located approximately 100km south of the Renard Diamond Project and 25km west of the Route 167 Extension in north central Québec. Till sampling at Adamantin during 2015 confirmed the presence of indicator mineral anomalies interpreted to be sourced from undiscovered kimberlites with diamond potential, with one till sample returning a diamond. Drilling during March and April resulted in the discovery of 11 distinct kimberlite bodies. Diamond recovery results have now been received from

Amerigo’s MVC Receives Chile’s National Mining Award

VANCOUVER, British Columbia, Aug. 31, 2016 (GLOBE NEWSWIRE) — Amerigo Resources Ltd. (TSX:ARG) (“Amerigo” or the “Company”) is pleased to announce that Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua Chile, has been awarded the prestigious Premio Nacional de Minería 2016 (2016 National Mining Award) by Chile’s SONAMI (National Mining Society), in the category of Mid-Size Producers. The award is for introducing an innovative business model for the use of mine tailings and for the recent investment which will provide continuity to the operation. The award was presented to MVC at the annual Mining Gala in

Matrix Service Company Announces Strong Finish to Fiscal 2016; Provides Guidance for Fiscal 2017

Company achieves fourth quarter earnings per share of $0.34; full year earnings per share of $1.07 Strong quarterly revenue of $359.6 million despite a challenging business environment In fiscal 2016, the Company purchased over 650 thousand shares totaling $10.5 million Fiscal 2017 guidance for revenue of $1.30 billion to $1.45 billion and fully diluted EPS of $1.10 to $1.40 TULSA, Okla., Aug. 30, 2016 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq:MTRX) today reported its financial results for the fourth quarter and year ended June 30, 2016. “Despite continued market pressure on our customers as a result of current commodity pricing, our

Panoro Minerals Announces Closing of $6.6 million Private Placement Financing

VANCOUVER, British Columbia, Aug. 29, 2016 (GLOBE NEWSWIRE) — Panoro Minerals Ltd. (TSX-V:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro” or the “Company”) is pleased to announce the closing of the non-brokered private placement of 36,717,817 units at $0.18 per unit for gross proceeds of $6,609,207.  Each unit is comprised of one common share and one-half share purchase warrant.  Each whole share purchase warrant is exercisable at a price of $0.27 per common share for a period of 24 months from the closing date of the financing. The financing includes filling of the overallotment limit as per the terms announced on August 8, 2016.

AMSC and Nexans Expand Relationship to Jointly Develop and Deliver Resilient Electric Grid Projects in the U.S. and Canada

DEVENS, Mass., Aug. 29, 2016 (GLOBE NEWSWIRE) — AMSC (NASDAQ:AMSC), a global energy solutions provider serving wind and power grid industry leaders, and Nexans, a worldwide expert in the cable industry, today announced a partnership to market and sell AMSC’s Resilient Electric Grid (REG) system, as well as other high performance superconductor power cables, in the U.S. and Canada. As part of this partnership, AMSC and Nexans will collaborate to jointly develop and deliver these projects with existing and potential electric utility customers in the U.S. and Canada. “We are pleased to be expanding our relationship with Nexans. Nexans is

WGE Holdings Corp. Announces Agreement to Acquire Controlling Interest in Philippines Gold Mining Operation

LOS ANGELES, Aug. 29, 2016 (GLOBE NEWSWIRE) — WGE Holdings Corp. (OTC:WGEE), to be renamed Consolidated Gold Holdings, today announced it has signed a preliminary purchase agreement to acquire a 65 percent interest in an established deep shaft gold mining operation located in Luzon, the largest island in the Philippines, with an option to acquire the remaining interest over a five-year period.  The transaction is expected to be completed by year end. The facility, one of the most successful gold mines in the Luzon region, includes a 300-meter vertical shaft with lift, horizontal shafts, crushers, high-capacity ball mill, floatation tanks,