The Company intends to use the net proceeds of the Offering to partially repay the amount outstanding under its credit facility with Sprott Resource Lending Partnership.
Tensions had been growing since November when the dissidents called for removal of Oremex directors due to inadequate oversight and mismanagement of the company.
The new data will allow the joint-venture to upgrade Indicated resources to the Measured category in an updated resource estimate.
Over 1.6 million shares of Mason Graphite(TSX.V: LLG) traded Thursday after the company released an updated mineral resource estimate for its 100% owned Lac Guéret Graphite Project in northeastern Quebec.
The joint venture with Freeport McMoran requires Freeport to fully fund the project through feasibility in exchange for a 75% interest.
Existing infrastructure at Caribou includes a 3,000 tonne per day (tpd) processing plant along with a geochemical laboratory and tailings treatment facility.
The company is targeting completion of a Bankable Feasibility Study (BFS) during the second quarter of 2014.
Since its shares began trading on the Venture exchange in May, Castle Mountain Mining (TSX.V: CMM) has been working to fast track its namesake project back to a production-ready stage.
The results of the 2013 drill program were successful in extending mineralization along strike by an additional 850 meters and further confirming continuity.
The historic mine and mill complex produced nearly 1.7 million tonnes of copper and 4.5 million ounces of silver between 1953 and 1996.
During the month of October operations at Bachelor Mine poured 4,082 ounces of gold at an average head grade of 6.15 g/t gold.
Discovery plans to keep the mine on care and maintenance while utilizing existing mill facilities to process ore from its Willa Project.
A revival of equity capital for junior miners will depend largely upon a cyclical rebound in metal and mineral prices and an improvement in investor sentiment for senior producers.
Shares of Brigus Gold Corp. (TSX: BRD) gained 19% last week after the company reported new drill results.
Mill throughput capacity at 2,000 tonnes per day.
With ESIA approval the company now plans to obtain financing and begin construction as early as 2014 at Corani.
Agreement with Hong Kong based MMG Limited (HK: MMG).
Aequitas Innovations CEO Jos Schmitt discusses the current state of Canadian equity markets, the challenges facing them and his thoughts on the need for a new and innovative marketplace.
Lydian International reported assay results from the recently completed 2013 drill program at its 100% owned Amulsar Gold Project in Armenia.