Archive for December, 2009

Allegheny Tech raises Q4 forecast

Allegheny Technologies Inc (ATI.N) announced it has raised its forecast for fourth-quarter profit sending its shares up over 6 percent. The news release is quoted as saying: Allegheny’s three business segments are high performance metals, flat-rolled products and engineered products. It produces stainless steel, titanium and nickel-based alloys used in products for industries, including aerospace, [...]

Continental Nickel announces private placement

Continental Nickel Limited (TSX VENTURE:CNI) reported a non-brokered private placement of 230,000 flow-through shares at a price of $1.10 per share for gross proceeds of $253,000 to one institutional investor, subject to regulatory approval and closing. The press release is quoted as saying: Continental Nickel Limited is focused on the exploration and discovery of nickel [...]

First Point Minerals Closes Private Placement

First Point Minerals Corp. (TSX VENTURE:FPX) announced the closing of the previously announced non-brokered private placement financing with Cliffs Natural Resources Exploration Inc. The news release is quoted as saying: The funds will be used, in part, to fund First Point’s ongoing nickel alloy and precious metal exploration programs and for working capital. Click here [...]

West High Yield drilling update

West High Yield Resources Ltd. (TSX VENTURE:WHY) announced that the company has completed the drilling and testing of 26 NQ drill holes totaling 2,997 m in its 2009 gold drilling program on the Company’s Midnight Crown. The news release is quoted as saying: West High Yield is a publicly traded junior mining exploration company focused [...]

Mirabela reports Private Placement

Mirabela Nickel Limited (TSX:MNB)(ASX:MBN) reported today that the company has entered into an agreement with GMP Securities L.P. The news release is quoted as saying: The Company intends to use the net proceeds of the Financing for working capital purposes…The Company also intends to offer shareholders the opportunity to purchase up to 4,350 new shares [...]

Victory Nickel reports Feasibility Study

Victory Nickel Inc. (TSX:NI) today reported the results of the Definitive Feasibility Study on the wholly-owned Minago sulphide nickel deposit in Manitoba. The press release is quoted as saying: Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources. Victory Nickel is focused on becoming a mid-tier [...]

Eramet to buy Valdi

On Friday, French nickel and maganese group, Eramet agreed to acquire Valdi, a French company specialized in the processing and recycling of non-ferrous metals with sales of 25 million euros in 2008. The news release is quoted as saying: The group is gaining a foothold in battery recycling, a new, growing market driven by changes [...]

Lundin Mining Corporation guidance

Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) today offered guidance for its wholly-owned operations in 2010. The press release is quoted as saying: Lundin Mining Corporation (“Lundin”, “Lundin Mining” or the “Company”) is a diversified base metals mining company with operations in Portugal, Spain and Sweden, producing copper, nickel, lead and zinc. Click here to access the entire [...]

Victory Nickel’s corporate update

Victory Nickel Inc. (TSX:NI) announced that the company has been advised by the Mineral Resources Division of the Manitoba Department of Science, Technology, Energy and Mines that instructions have been given to grant to the Company a quarry lease and a general permit for road construction at its 100%-owned Minago sulphide nickel project on Manitoba’s [...]

ACFAW corporate update

ACFAW.COM (CNSX:ACW) reported that the company has acquired important platinum and platinum group element land packages in Quebec from St-Georges Minerals Inc., and arranged a financing of a minimum of $250,000 up to a maximum of $750,000 of units. ACFAW.COM further announces that it has entered into agreements to acquire, subject to Shareholder and regulatory [...]