Resource Company News Directory

GB Minerals Receives Advances Totaling $750,000

Potash – GB Minerals (TSXV:GB) announced that it has received advances from Aterra Investments and Alpha Infrastructure for a combined total of $750,000. According to the company, it intends to repay the advances through other financings and will use the proceeds of the advances for expenses and development of the Farim phosphate mineral property.

Stornoway Diamond to Participate in Pikoo East with North Arrow and Canadian International Minerals

Diamond – Stornoway Diamond (TSX:SWY) announced that it has excercised its option to participate in the Pikoo East agreement between Canadian International Minerals and North Arrow. Stornoway and North Arrow will conduct the work through a pre-existing joint venture on the Pikoo project and both may earn a 70 percent interest by funding exploration and evaluation of the properties.

MGX Minerals — Magnesite Production in North America

Magnesium – MGX Minerals (CSE:XMG) is an industrial minerals focused company engaged in the acquisition, exploration and development of properties in Western Canada. MGX’s flagship project is its Driftwood Creek magnesite property in British Columbia. Two high-grade mineralized zones have been delineated at the property to date. Mineralization is characterized by low calcium content, which is incredibly [...]