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Company News

North American Palladium to Go Ahead With Recapitalization Transaction

North American Palladium (TSX:PDL) has entered a definitive recapitalization agreement with Brookfield Capital Partners. The recapitalization transaction was previously announced on April 15, and North American Palladium did not receive a superior proposal during its strategic review process.

Stillwater Mining: Union Employees Reject Labor Contract

Stillwater Mining Company (NYSE:SWC) reported that union employees at its Stillwater Mine and Columbus processing facility failed to ratify a tentative labour agreement reached on May 27.

Wellgreen Platinum Provides Project Update

Wellgreen Platinum (TSX:WG) provided an update on ongoing activities at its Wellgreen project in Canada's Yukon, reiterating results of its PEA released in March 2015. The company is assessing a number of potential considerations that could improve the economics of the project.

NovX21 Extends Private Placement

NovX21 Extends Private Placement

NovX21 Inc. (TSXV:NOV) announced an extension to its private placement which was initially set on or around May 7, 2015.

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Market News

Palladium Prices Hit Two and a Half Month Low

Reuters reported that palladium prices fell to their lowest in two and a half months. Pressure on the metal came on the back of expectations of a rate hike from the US Federal Reserve.

Palladium Continues to Draw Support From US Car Sales

Bloomberg reported that palladium is drawing more attention from investors as US car sales continue to record stronger growth. ETF holdings of the metal hit a three-month high this week, according to the news outlet.

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