Liberty Mines Inc. (TSX:LBE) announced results from its Croxall drill program and provided an update on exploration at its Groves project.
First Nickel Inc. (TSE:FNI) plans to resume production work at its Lockerby nickel-copper mine in Sudbury.
Itri.com reports that there will be 3 physically backed ETC’s launched today, with the first to be offered containing be of funds holding copper, nickel and tin.
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.
Monday, December 12, 2011