The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.
Halifax Mining News
The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
The sale of Santa Gertrudis has given GoGold much-needed cash to pay off its $46.3-million debt with the Bank of Montreal.
While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.
Bayan Khundii project went from greenfield prospect to being Erdene’s flagship asset in roughly nine months.
Canada’s Erdene Resource is one of the very few miners to have never encountered issues in the East Asian nation.
The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.
Conference to discuss the impacts of tectonic shifts in the Asia-Pacific economy, and what it means for oil and resource prices.
The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.
The >99% pure HREE Concentrate is a carbonate salt rare earth concentrate ("REC") comprised of heavy rare earths ranging from samarium (Sm) through lutetium (Lu).
The two documents released Tuesday conclude the debated extraction process just needs to be closely monitored and properly regulated.
The Canadian company hopes to begin commercial rare earth metal production in its Alaskan mine by 2017.
Erdene Resource owns the Altan Nar gold-polymetallic project, located in southwest Mongolia, 200 kilometres from the border with China.
The Canadian province has experienced three relatively short-lived gold rushes over the past 150 years, but the persistent issue has been profitably. Now, the problem seems finally resolved.
The transaction creates a diversified, Americas-based mid-tier gold producer that would generate the equivalent of 250,000 to 270,000 ounces of gold next year.