Equitas Up Over 20 Percent After Identifying Nickel-Copper Sulfide Targets at Garland

Equitas Up Over 20 Percent After Identifying Nickel-Copper Sulfide Targets at Garland

Equitas Resources only acquired the Garland nickel-cobalt-PGM property in September 2014, but it's already seeing good results. The company announced Wednesday that a VTEM Plus airborne survey at the property has identified nine areas of conductivity that are prospective for nickel-copper sulfides, and its share price shot up over 20 percent as a result.

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Company News

Poseidon Nickel Confirms Viability of Lake Johnston Restart

Poseidon Nickel Ltd. (ASX:POS) announced that it's completed a bankable feasibility study for its Lake Johnston nickel project. It confirms that the operation can be brought back online within a few months with a low level of capital investment and no regulatory or technical barriers.

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Company Videos

Royal Nickel CEO Mark Selby Talks Nickel Production in 2017

Royal Nickel Corp. (TSX:RNX) CEO Mark Selby spoke to Resource Investing News about the Dumont nickel project in the Abitibi region in Quebec. Construction at the property is expected to start in early 2015, with permits in place hopefully by the end of 2014.

INN Video: Polymet Mining CFO Douglas Newby on the Advantages of US Nickel Mining

Polymet Mining Corp. (TSX:POM) CFO Douglas Newby spoke with the Investing News Network during PDAC 2013 in Toronto. Polymet is a Canadian company with a large copper-nickel deposit, the NorthMet project, in Northeastern Minnesota. The company is currently at the permitting stage for its Minnesota project. Mr. Newby commented that obtaining permits can sometimes be challenging in the US, but once a project is fully permitted it is an advantageous jurisdiction.

Market News

Kip Keen: Hold Off on Nickel Price Excitement

Mineweb's Kip Keen published an article on the nickel price, noting that while it's been faring well lately, it's perhaps not yet time for investors to get too excited.

Nickel Price Nears Lowest Level in a Year

Bloomberg reported that the nickel price was near its lowest level in a year on Friday on the back of increased global oversupply.

Nickel Price Fluctuates as a Matter of Timing

Reuters reported that the nickel market is dependent on the timing of a variety of factors, such as cost opacity in China, new supply dynamics in Indonesia and elsewhere and the evolution of LME stocks.

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