Weak auto sales numbers and the fears of a double-dip recession hindered the price of palladium in early July. However the metal has been rebounding due to better than expected earnings in the US, as well as on the promising news of European bank stress tests.
Magma Metals Limited (TSE:MMW)(ASX:MMW) released its activities and cash flow report for the quarter ended June 30th, 2010.
CROWFLIGHT MINERALS INC. (TSE:CML) announced that it has amended the previously announced private placement financing to a $5 million bridge loan from King Place Enterprises Limited with the potential for a further financing of $5 million to be arranged by King Place on a commercially reasonable efforts, private placement basis.
St-Georges Platinum and Base Metals Ltd. (CNSX: SX) announced the signature of an arm’s length acquisition agreement for a 100% interest in 3 claims adjacent to the Villebon property located about 21 km south of Louvicourt village and about 45 km south-east of Val d’Or in the Abitibi region.
Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) announced that it completed the proposed transactions with Jubilee Gold Inc. described in its previous news release of June 7, 2010.
STILLWATER MINING COMPANY (NYSE: SWC) today released comments from its Chairman and Chief Executive Officer, Francis R. McAllister, regarding the status of various Company initiatives after the first six months of 2010.
Ibtimes.com reported that Palladium surplus to fall on car demand:
Ibtimes.com reported Palladium may be in short supply in 2010:
Wednesday, July 28, 2010