tsxvstocks
Integra Resources (TSXV:ITR,NYSEAMERICAN:ITRG) and Florida Canyon Gold (TSXV:FCGV,OTC Pink:FCGVF) announced plans to merge, saying they want to create a leading gold and silver producer in the US' Great Basin. The agreement involves Integra acquiring all of Florida Canyon's outstanding shares. In return, Florida Canyon shareholders will receive 0.467 of an Integra share for each Florida Canyon share held. According to the companies, this exchange ratio values Florida Canyon shares at C$0.69 each, totaling approximately C$95 million. The transaction was announced on Monday (July 29), and is exp...
Investing News Network
Welcome to the Investing News Network's weekly look at the best-performing junior mining stocks on the TSX Venture Exchange, starting with a round-up of Canadian and US market data impacting the resource sector. The S&P/TSX Venture Composite Index (INDEXTSI:JX) lost 15.98 points last week to close at 580.09. Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) closed at a new all-time high mid-week, but ended the period flat. Statistics Canada released its June consumer price index (CPI) figures this past Tuesday (July 16). The data shows that inflation continued to cool, with 2.7 percent g...
Investing News Network
Resouro Strategic Metals (ASX:RAU,TSXV:RSM) published the results of a maiden JORC-compliant mineral resource estimate for the central block of its Tiros titanium and rare earths project on Wednesday (July 17). Tiros is located in Brazil's Minas Gerais state, a leading iron ore, rare earths and phosphate jurisdiction. Its licence area covers roughly 450 square kilometres, including the most prospective portion of the Capacete Formation. The resource estimate stands at 1.7 billion tonnes, divided into 1 billion tonnes in the measured and indicated category, and 0.7 billion tonnes in the inferre...
Investing News Network
In a recent interview with the Investing News Network, Jordan Trimble, president and CEO of Skyharbour Resources (TSXV:SYH), shared exciting developments in the company's uranium exploration efforts and offered valuable insights on the current state of the uranium market. Trimble highlighted significant progress at Skyharbour's two core projects: Russell Lake and Moore Lake. At Russell Lake, the company has made what Trimble described as a "breakthrough discovery" in its initial drilling program. "Within the first few holes at the Russell project, we've intersected something quite significant,...
Investing News Network
The S&P/TSX Venture Composite Index (INDEXTSI:JX) gained 7.94 points last week to close at 593.7. US Federal Reserve Chair Jerome Powell met with lawmakers this past week, addressing the US Committee on Banking, Housing and Urban Affairs on Tuesday (July 9) and the House Financial Services Committee on Wednesday (July 10). In his testimony on Tuesday, Powell reiterated the Fed’s stance that before cutting interest rates it will continue to wait for more data showing that inflation is sustainably moving to its 2 percent target. He also acknowledged that the labor market is weakening, but said t...
Investing News Network
Indigo Exploration (TSXV:IXI,OTCQB:IXIXF) has announced the acquisition of a 100 percent interest in the Hot property, a uranium project located in the Shirley Basin of Wyoming, US. “Gaining 100 percent interest in a project of this calibre, located in a key uranium district next to past production and some of the preeminent US-focused uranium producers and developers, and with extensive historical drill results, is an exciting new development for the Company,” Indigo’s President and CEO Paul Cowley commented in the company's press release. The Hot property covers 71 unpatented mineral claims ...
Investing News Network
GoviEx Uranium (TSXV:GXU,OTCQB:GVXXF) said on Thursday (July 4) that the Niger government has revoked its rights to the perimeter of the Madaouela mining permit, placing it in the public domain. Niger's political landscape has been unstable since a coup d’état last July. General Abdourahamane Tiani's military junta took control of the country at that time, ousting President Mohamed Bazoum. While GoviEx initially expressed optimism that it would be able to operate as normal at Madaouela, in April the government said it could lose its mining permit if it didn't commence mining operations by July...
Investing News Network
Amid the looming copper deficit, World Copper (TSXV:WCU) CEO Gordon Neal believes the market needs to look at more nimble operations, like the company’s Zonia copper oxide project in Arizona, US, for a less expensive and faster path to production. Neal first explained the problem with the large sulfide deposits major copper companies are developing. "The majors are spending billions of dollars to put these into production. The average is probably anywhere between $2 billion to $6 billion, some even $10 billion. And the timeline to get them into production is anywhere between eight to 12 years ...
Investing News Network
ESG-focused company CoTec Holdings (TSXV:CTH,OTCQB:CTHCF) has released a preliminary economic assessment( PEA) for its Lac Jeannine iron tailings project in Québec, Canada. “The PEA represents a first step in demonstrating CoTec’s strategy of recovering the great economic potential of large historical tailing sites with further potential enhancement of these projects through the deployment of CoTec technologies where applicable,” said CEO Julian Treger in the company's June 27 press release. "The Labrador Trough hosts some of the largest historical resources of high-purity iron globally, creat...
Investing News Network
The S&P/TSX Venture Composite Index (INDEXTSI:JX) lost 0.89 points last week to close at 569.82. The US Bureau of Economic Analysis released its latest personal consumption expenditures (PCE) data this past Friday (June 28) in its Personal Income and Outlays report. The PCE minus food and energy is the favored index of the US Federal Reserve. The report stated that the PCE price index rose 2.6 percent year-over-year in May, and increased just 0.1 percent month-over-month compared to April. This year-over-year increase marks the lowest since March of 2021, the last time it was below the central...
Investing News Network
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