Blackheath Releases Maiden Resource Estimate for Covas Project

Blackheath Releases Maiden Resource Estimate for Covas Project

Tungsten – Blackheath Resources has been exploring at the Covas tungsten project in Northern Portugal since 2013. While historical data showed the area was rich with tungsten, the company's maiden resource estimate, released Tuesday, reveals a significant increase compared to previous studies.

Teck Resources and Antofagasta Deny Merger Talks

Copper – Following a Bloomberg report put out Monday suggesting that Teck Resources and Antofagasta were in talks regarding a merger, both companies have put out press releases denying that claim.

Why is Platinum Cheaper Than Gold?

While both gold and platinum prices have continued to fall so far this year, platinum has taken a harder hit, making the white metal cheaper than gold.

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Videos

Mickey Fulp: ‘We Need to Eliminate the Zombie Miners’

Gold – Mercenary Geologist Mickey Fulp wasn't able to make it to PDAC this year, but that doesn't mean he wasn't watching what went on at the conference. In this video, Fulp delivers interesting information about the finances of some companies in attendance, also touching on issues currently plaguing many major gold miners.

Company News

Quaterra Resources Reports Year-End Financial Results

Quaterra Resources Reports Year-End Financial Results

Copper – Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) reported its financial results for 2014. The company noted that it continues to focus on its assets in the Yerington copper district, and has sold its non-Yerington assets with proceeds to be used in support of its Yerington projects.

Copper Fox Metals Reports Net Gain in First Quarter Results

Copper Fox Metals Reports Net Gain in First Quarter Results

Copper – Copper Fox Metals Inc. (TSXV:CUU) announced a net gain of $509,648 in its 2015 first quarter operating and financial results. The company also reported $204,572 in expenditures was incurred as a result of furthering the development of its Van Dyke copper project in Arizona. As quoted in the press release: The Company had working capital of $5,578,680, an accumulated deficit of $17,680,805 and comprehensive income of $509,648 for the three months ended January 31, 2015. As at January 31, 2015, the Company's cash and cash equivalents totaled $1.3 million. The balance of working capital included funds owing from the BCMETC (Federal Government) in the amount of $4.4 million, of this total 3.5 million was received on March 12, 2015. Fixed costs to maintain operations, pay taxes and upkeep on the Arizona properties are approximately $220,000 per annum; including an annual payment to Silver Nickel for Sombrero Butte of approximately $147,000 CDN. Total corporate and general costs were approximately $1,200,000 in 2013 and 2014. Highlights include:

Trevali Mining Reports 2014 Annual Financial Results

Trevali Mining Reports 2014 Annual Financial Results

Zinc – Trevali Mining Corporation (TSX:TV) announced its financial results for 2014, which included a net loss of $7 million or $0.03 per share. The company noted that this is partially due to a non-recurring loss upon the disposal of a subsidiary incurred during the yea and highlighted the Santander mine's operations income for the year, which was $12.7 ,million on concentrate sales revenue of $94.2 million.

Formation Metals on Energy & Capital’s “Three Stocks for the Cobalt Bull Market”

Formation Metals on Energy & Capital’s “Three Stocks for the Cobalt Bull Market”

Cobalt – Formation Metals Inc. (TSX:FCO) was mentioned in an article on the Energy & Capital entitled, "Three Stocks for the Cobalt Bull Market". The article mentions the current opportunity for growth and diversity in the cobalt market, and that Formation Metals is a company to watch because "its mines aren't in the DRC, which means it will garner a higher price for its cobalt if there is a supply squeeze due to political unrest."

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Company Videos

Cobre Montana’s Adrian Griffin Talks Lithium in the Czech Republic

Lithium – Cobre Montana (ASX:CXB) Managing Director Adrian Griffin is anticipating a Scoping Study for the Cinovec project in the Czech Republic, "within the next couple of months." He also said, "if you go back only 2 months, that project was considered a tin project; by applying the appropriate technology, we found that there is probably twice as much lithium value in that project as there is tin." Cobre Montana applied their licensed processing technology to extract lithium from the micas and achieved float recoveries of 98% and leach extraction of 99.5% lithium at Cinovec.

Potash West Managing Director Patrick McManus Talks Potash in Australia and Germany

Potash – Potash West (OTC:PWNNY,ASX:PWN) Managing Director, Patrick McManus, provided an update on the Dandaragan Trough Project in Western Australia and potash projects in Germany: "the feasibility on the Dinner Hill Project within the Dandaragan Trough is progressing; we should be announcing an updated resource on that within the next two to three months. In addition to that, the German project, specifically the Küllstedt project area has a large amount of drilling on it in the last several decades - we are currently reviewing that and we expect to be announcing an update of that drilling work within the next month."

Market News

China Restarts Nuclear Power Plant Construction

Uranium – World Nuclear News reported that China has now resumed construction of new nuclear power plant projects, starting with the fifth unit at the Hongyanhe nuclear plant in Liaoning. All nuclear construction in China has been halted for the past 15 months.

Iron Ore Price Drops to Six Year Low

Iron – Australian Mining reported that iron ore prices in China have hit a six-year low level, as China copes with its struggling property market.

Increasing Doubts about North Korea’s Huge Rare Earths Deposit

Rare Earth – Australian Mining reported that a supposedly massive rare earths deposit discovered in North Korea in 2013 is being doubted. The deposit was discovered by a joint venture between SRE Minerals and state owned Korea Natural Resources Trading Company, with early reports stating that had the potential to hold reserves 6 times as large as those in China.

Chinese Withdrawls From SGE Will Hit a Record in Q1

Gold – According to Mineweb, withdrawls from the Shanghai Gold Exchange (SGE) have stayed high despite the end of Chinese New Year celebrations. Demand from India has also risen, according to the publication.

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