Rare Element Resources stock jumped 9% in after hours trade in New York after a new estimate for the amount of rare earth materials at its Bear Lodge project in Wyoming showed a 20% jump. The gains were on top of a 7% jump during regular hours for the volatile stock which is still trading down almost 40% from record highs hit in January. The company also sees significant potential for further expansion of all deposits.
The Colorado Mining Association and the state of Wyoming on Monday petitioned the full 10th Circuit Court of Appeals to rehear “en banc” an October decision upholding the Clinton administration’s 2001 Roadless Area Conservation Rule.
In another sign that leasing new coal tracts in the Powder River Basin is becoming unusually competitive, Alpha Natural Resources' winning bid on Wednesday for a Wyoming coal tract also sought by a subsidiary of Peabody Energy was the highest per mineable short ton the Bureau of Land Management ever received for a Wyoming PRB tract.
The Guardian's Glenn Hurowitz denounced the Obama administration's plan to open up new land to coal mining. Secretary of the Interior Ken Salazar announced on Tuesday that the Bureau of Land Management will be holding competitive lease sales for the …
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.