Articles Tagged "Canada Strategic Metals"

Recent Drill Results from 8 Junior Gold Companies

Gold – Despite a thinner-than-usual crowd at Canvest this month, gold juniors appear to be keeping busy. Following Tuesday's announcement of an epic merger between five gold companies, a flurry of drill results have been released, and some have been quite high grade.

Gold Price at Three-week Low as US Housing Market Gains Strength

Gold – Gold has been having a tough time as of late, with gold futures closing Wednesday at $1,187 per ounce, a three-week low. The downward price pressure has been attributed to a US existing homes sales report.

Canada Strategic Metals, Lomiko Metals Receive Approval for Option Deals

Graphite – Canada Strategic Metals (TSXV:CJC,FWB:YXEN,OTC:CJCFF) has received approval from the TSX Venture Exchange for an additional option giving Lomiko Metals (TSXV:LMR) the exclusive right and option to acquire an additional 40% undivided interest in the La Loutre Property and an 80% undivided interest in the Lac des Iles Property. Lomiko will secure those rights in exchange for a payment of $1,010,000, the issuance of 3,000,000 common shares of the company and funding of $1,750,000 in exploration expenditures over two years.

Canada Strategic Metals Closes First Tranche of Private Placement

Gold – Canada Strategic Metals (TSXV:CJC) announced it has closed the first tranche of a private placement, totaling $186,500. The Company paid intermediary fees of $14,920, along with 186,500 compensation options entitling their holders to purchase 186,500 common shares of the Company at a price of $0.15 per share for an 18-month period following the closing of the private placement.