Palladium hit fresh highs
On Tuesday, palladium hit fresh multimonth highs whereas Gold edged higher but gains were limited due to a lack of cues from the dollar in the currency market.
Archive for January, 2010
Franconia Minerals agreement with South Kawishiwi
Franconia Minerals Corporation (TSX:FRA)reported that the company has reached an agreement with the South Kawishiwi Association LLC, a group of nearby cabin owners who are exchanging surface lands with the US Forest Service for surface rights over a portion of Franconia’s Maturi mineral deposit.
Wallbridge Mining Company update
Wallbridge Mining Company Limited (TSX:WM)reported that the company is focused on locating, exploring, and developing deposits of: (a) base metals (nickel, copper and cobalt); and (b) precious metals (platinum, palladium and gold).
NAP updates on Sleeping Giant Gold Mine
North American Palladium Ltd. (NAP) (TSX:PDL)(NYSE Amex:PAL) announced that it has achieved commercial production as of January 1, 2010 at its 100% owned Sleeping Giant gold mine in the Abitibi region of northwestern Quebec.
Melkior Resources acquires more land in McFaulds
Melkior Resources Inc. (TSX VENTURE:MKR) reported that the company has a major land position in the Mc Faulds “Ring of Fire” area which is focussed on its 100% owned East Rim property that totals 1492 claim units or 238.7 sq kilometres.
Canadian Royalties Completes Plan of Arrangement
Canadian Royalties Inc. (TSX:CZZ) announced that Industry Canada issued a Certificate of Arrangement to the Company pursuant to the Canada Business Corporations Act in connection with a plan of arrangement between the Company and Jien Canada Mining Ltd.
Nortec Minerals update on Kaukua Main Zone
Nortec Minerals Corp. reported that the company has received positive metallurgical test results from representative core samples taken from the Kaukua Main Zone within the LK Palladium-Platinum-Gold-Copper-Nickel Project located in North Central Finland.
Mega Uranium updates on Exploration Programs
Mega Uranium Ltd. (TSX:MGA) provided an update on its exploration programs in Canada.
Effect of U.S. ETF launch on Palladium value
Palladium more than doubled in value in 2009, and prices are extending those gains this year. It hit Its highest since mid-2008 last week amid news of the launch of the U.S. ETFs and signs industrial demand is rising.
Franconia Minerals updates on private placement
Franconia Minerals Corp. (TSX:FRA) reported that the company has increased the size of its private placement, previously announced on January 7, 2010, to a maximum of 9,400,000 special warrants for aggregate gross proceeds of $4.23 million if the underwriters’ option is exercised in full.
