Stans acquired a 20-year mining license for the past-producing Kutessay II rare earth mine in December 2009, but a local company had claimed being the rightful owner of such permit.
Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.
Transaction is worth around $15 million.
True North Gems expects to start production towards the end of winter of 2015.
The Canadian junior has entered into an arms-length definitive acquisition agreement with private South African companies.
Index gained 9% from April to June, outperforming the S&P/TSX Composite index, which gained 6%, and the London Metal Exchange index, which gained 7% in the same period.
There are at least six mines proposed or already started in the area comprised by Michigan, Minnesota and Wisconsin.
Pillot Gold is snapping up junior Cadillac Mining, which owns the early stage Goldstrike project in Western Utah, in an all-share deal valued at nearly 20 cents per share.
The majors continue to focus on rigorous cost control measures and disciplined M&A activities and juniors still seek the right opportunities.
NioCorp Developments' El Creek niobium mine could become the first such a mine in the US, which currently imports 100% of its needs for the metal.
The province is asking the Federal government to match the funds.
In the last two months at least a dozen juniors have announced they are considering growing cannabis.
Currently 19% of Aussie geoscientists are unemployed, compared with fewer than 2% three years ago.
More than 55% of last year's exploration projects were located in these countries.
Halifax-based gold miner it plans to make an $11-million bid for Vancouver junior.
New mining listings in the Toronto Stock Exchange and its junior counterpart, the TSX-V, continue to dive.
PricewaterhouseCooper’s annual look at the state of the top 100 on the Toronto Stock Exchange Venture (TSX.V) paints a dismal picture.
By 2018, Canada's government wants small and medium-sized enterprises presence in emerging markets to have grown from 29% to 50%.
Canada accounted for just over 13% of the total, the smallest share in 14 years. The DRC made it to the top 10 mining destinations for the first time.
Overall, their performance has fallen 50% in the past 12 months.
PwC report shows not many juniors delisted in year ending June, but since then?
Only 31 juniors listed on the TSX-V were delisted in the 12 months ending June 30.
Stans Energy is seeking close to US$118 million in compensation for losses and damage through an international arbitration action launched Thursday.
Rule’s words echo several recent reports that paint a grim outlook for juniors everywhere.
Right about the time I was busy being born back in July 1970, a mining company called Great Plains Development Company of Canada was in the process of drilling two exploratory holes into its “Chris” claims, in northern British Columbia.
Despite this year's financial woes, companies continued exploring in as many as 127 countries, especially on high- or medium-risk jurisdictions.
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