Melkior Resources Inc. (TSX VENTURE:MKR) announced results for the most recently completed three holes on its 100% owned Carscallen Gold Project located in West Timmins, Ontario, Canada.
The global nickel market will be in a slight deficit this year, reports metal consultant Metalytics Ltd, as demand is driven by increases in the steel market.
Check back soon for profiles of leading nickel companies.
Noront Resources Ltd. (TSX VENTURE:NOT) reported that the company has entered into an agreement with Dundee Securities Corporation on behalf of itself and a syndicate of agents including Wellington West Capital Markets Inc. and Genuity Capital Markets under which they have agreed to offer for sale, on a best efforts basis, flow-through common shares of Noront at a price of $1.83 per Flow-Through Share for aggregate gross proceeds of up to $15 million.
Goldbrook Ventures Inc. (TSX VENTURE:GBK) reported that the company has received additional funding of $5,500,000 for the 2010 exploration program from Jilin Jien Nickel Industry Co., Ltd. of Panshi, Jilin, China.
The world’s largest nickel supplier suggests it won’t restart idle capacity until prices reach $25,000 per ton Nickel; demand is projected to outstrip supply for the first time in four years; and Brazilian producer Vale’s Canadian plans may be on hold.
Franconia Minerals Corporation (TSX:FRA) reported that the company has initiated a new core-drilling program at its Birch Lake copper-nickel-PGM project in the highly prospective Duluth Complex in northeastern Minnesota.
Crowflight Intersection declared that further assay results from its Phase 2 drilling program on the 1,000 foot underground level, as well as initial results from a program of exploratory drilling conducted from the surface ramp between the 450 foot and 500 foot levels of the Bucko Lake Nickel Mine. Results from the Phase 2 infill [...]
For the second time in less than a month BHP Billiton Ltd has temporarily closed its Perseverance nickel mine in west Australia due to rock falls around the site. For full story, click here
Kimberley nickel miner Panoramic Resources declared a 142% surge in nickel reserve at its Savannah project, near Halls Creek. The rise takes the company’s total Kimberley reserve to 98,000 tonnes. For full story, click here
Wednesday, June 16, 2010