Tantalum

Manitoba's Gossan Resources investing in Greece, undertaking private placement

Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities of acquiring mineral projects within Europe, on a non-exclusive basis, and initially to assess three potential projects in Greece. Additional projects may be pursued.

Allen & Overy advises Global Advanced Metals on Tantalum Plant Acquisition

Allen & Overy is advising tantalum concentrate producer Global Advanced Metals (GAM) on its USD400 million acquisition of Cabot Corp's (NYSE: CBT) Supermetals business.

Tantalum miner Noventa places $30 million, asks investors for $7 million more

London and Toronto-listed Noventa announced Friday that it placed 73,600,000 new ordinary shares at a price of 25 pence each with institutions and other investors to raise roughly $30.3 million.

The specialty metal miner with operations in Mozambique is also extending an offer to shareholders to subscribe for a total of 17,500,000 new ordinary shares to raise up to a further US$7.2 million. In London stock in Noventa duly plunged 24% to 27.75 pence in line with the placing price of 25 pence.

Critical Elements Corporation intersects 1.64% Li20 and 226 ppm Ta2O5 over 9.20 metres near surface

Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to announce the latest results of drilling on the Rose Tantalum-Lithium deposit. The table (found by clicking on the link to the press release below) shows the results for holes LR-11-156 to LR-11-171 (except for Hole LR-11-167), drilled to test the eastern extension of the zones. All the holes intercepted the mineralized zones with similar grades to earlier results. Some intersections returned particularly high tantalum grades, such as holes LR-11-160, LR-11-164, LR-11-166 and LR-11-169, which yielded 405, 483, 483 and 466 PPM TA2O5 respectively.

Canadian Orebodies Drills Widespread Tantalum Mineralization on Zigzag Property

Canadian Orebodies Inc. (TSX-V:CO) announced assay results which demonstrate a zone of strong tantalum values over a 670 meter strike length from the initial drilling program on the Tebishogeshik showing on its Zigzag tantalum/lithium and rare metals property under option from Ultra Lithium Inc. (TSX-V:ULI). The Property is subject to an option agreement with Ultra and the underlying property owners to acquire an 80% legal and beneficial interest (subject to a 2% NSR retained by the owners, 50% of which can be purchased by Orebodies for $1 million).

AMG enters into tantalum supply agreements

AMG Advanced Metallurgical Group N.V. ("AMG," EURONEXT AMSTERDAM: "AMG") through its Advanced Materials Division, entered into supply agreements with traditional customers for all of its tantalum concentrate production through the end of 2012 at fixed prices based upon the current …

Commerce Resources' Upper Fir tantalum and niobium deposit confirmed as a large indicated resource, Blue River, BC

AMEC has determined a base case indicated mineral resource of 36.35 million tonnes containing 195 ppm (gpt) Ta2O5 and 1,700 ppm (gpt) Nb2O5.

Zinc, cobalt grabbing some ‘green’ traction

Zinc and cobalt often fall into that esoteric metals category called byproduct, meaning they are generally an afterthought for miners who are keen at getting at, say, nickel or copper deposits. Still, both metals are being increasingly targeted for their use in growing markets, such as rechargeable batteries for electric cars.