Industry Advisory
Ed Cowle, CEO of U.S. Rare Earths, Inc. has been in Washington attending the
milestone meetings and conferences as a member of The United States Magnet Materials
Association (“USMMA”), an association representing domestic high-performance magnet
producers and suppliers.
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By Ryan Tessier
At this year’s annual PDAC conference in Toronto one issue has become
the forefront topic of conversation: the opposition to Bill C-300, a private member’s bill
currently at the committee stage in parliament. Submitted by Liberal MP John McKay, the
bill is designed to create a system of accountability with Canadian mining companies operating
abroad in regards to corporate social responsibility.
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Boardroom Reports
Paul N. Wright, president and chief executive officer of Eldorado Gold Corporation has
reported on the Company’s financial results for the fourth quarter and for the year ended
December 31, 2009.
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MBMI Resources Inc. (TSX V: MBR) has reported that further to its January 29, 2010 news
release, it has closed the first two tranches of its non-brokered Private Placement financing.
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Minefinders Corporation Ltd. reports that Standard & Poor’s Canadian Index Operations
has announced that Minefinders will be included in the S&P/TSX Global Gold Index and Global
Mining Index effective at the market open on Monday, March 22, 2010.
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Alderon Resource Corp. (TSX-V: ADV) has announced that, subject to TSX Venture Exchange
approval, it will undertake a non-brokered private placement with a single institutional
investor of 1,818,182 flow-through shares of the Company at a price of $2.75 per Flow-Through
Share for gross proceeds of $5,000,000.50.
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The Directors of Orocobre Limited (ASX: ORE) have announced that the Company has successfully
completed marketing of its previously announced C$20 million (AU$21.44 million) Canadian offering
of subscription receipts (“Subscription Receipts”).
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Newmont Mining Corporation (NYSE: NEM) has announced that its subsidiary, Newmont Indonesia Limited,
together with Nusa Tenggara Mining Corporation BV (“NTMC”), an affiliate of Sumitomo Corporation
(“Sumitomo”), completed the sale of 7% of PT Newmont Nusa Tenggara (“PTNNT”) corresponding to the
PTNNT 2009 divestiture obligations.
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Endeavour Silver Corp. (TSX: EDR) (NYSE- Amex: EXK) (EDR.WT) (DBFrankfurt: EJD) plans to
release its fourth quarter financial results on Wednesday, March 24, 2010, before market hours.
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NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG) has announced that it has been reintroduced
to the Toronto Stock Exchange’s S&P/TSX Composite Index, effective at market open on March 22, 2010.
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Energizer Resources Inc., (formerly Uranium Star Corp.)(OTCBB:URST)(FWB:YE5) has announced the
closing of a brokered and non-brokered financing consisting of 21,666,667 units issued at U.S. $0.30
per unit (“Unit”) for total proceeds of U.S. $6,500,000.
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Aurizon Mines Ltd. (TSX: ARZ, NYSE Amex: AZK) plans to announce its 2009 financial results for
the year ended December 31, 2009 before market open on Friday, March 19, 2010.
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New Dimension Resources Ltd. (TSXV: NDR) reports that it has granted 400,000 stock options
at $0.20 to directors, officers and employees.
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Nevada Geothermal Power Inc. (TSX.V: NGP, OTCBB: NGLPF) has announced that incentive stock
options have been granted to certain employees of NGP to purchase 150,000 common shares of the
Company at an exercise price of $1.00 per share for a term of 5 years.
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