ResourceInvestingNews.com

Hathor reports brokered private placement closes

Hathor Exploration Limited reports a brokered private placement with Salman Partners Inc., HSBC Securities (Canada) Inc., Cormark Securities Inc., Raymond James Ltd., and J.F. Mackie & Company Ltd. (the “Agents”), has closed. A total of 2,581,500 flow-through common shares (the “FT Shares”), (which includes 646,000 FT Shares issuable upon exercise of an Over-Subscription Option) were sold at a [...]

Bayswater identifies significant new uranium trend

Bayswater Uranium Corporation reports on discovery of a new uranium-bearing mineralized trend located at  Boiteau Lake, Labrador. Results from the initial prospecting program in the area have been very encouraging. Based on 28 rock samples collected, 23 samples returned values greater that 0.10% U3O8 with the best sample from outcrop assaying 0.723% U3O8. The following table provides a list of [...]

Coal-powered energy: here to stay

Coal Investing News reports environmentalists are hoping with the new President-Elect Obama, will aim for greener energy sources and eliminating coal-powered energy plants. Like other nations around the world, the U.S. is currently grappling with the problems posed by global warming and is looking for cleaner, more sustainable energy sources. Yet, it will be a long [...]

Mining giants feel the pinch

Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange. When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s recent [...]

BHP sees no need to cut production

Iron Investing News reports production cutbacks combined with bleak economic outlook investors in iron ore do not see a bright outlook ahead. Customers of the world’s three largest iron ore producers have asked for shipment deferrals leading the big miners to consider production cutbacks. For complete story, click this link. Follow developments in resource mining and exploration for free.Sign [...]

Wall St. woes hit platinum

Platinum Investing News reports platinum has been falling due to the poor economy. Platinum refiner Johnson Matthey expects the price of platinum to range between $700/oz and $1,400/oz in the next six months, with the outlook for the market more uncertain than it has been for many years. “The dramatic fall in the platinum price in [...]