Deloitte's annual mining trends report has some interesting things to say about the junior market.
Articles Tagged "financing"
The Venture Company Association made its debut at the recent Cambridge House show.
Tungsten – Making headlines this week in tungsten was Wolf Minerals, which finalized a AU$192-million finance facility and secured an offtake agreement. With the tungsten market looking like it might be perking up, this news is a welcome step for the company.
Moly – iStockAnalyst reported that disruptions in the financing of General Moly Inc.'s (TSX:GMO) Mount Hope project have caused a correction in the company's share price. So far its shares are down 56 percent year-on-year.
Trevali Mining (TSX:TV) approved for first tranche of funding, $30 million, from RMB Resources.
Uranium – Homeland Uranium Inc. announced that its board has approved the completion of a unit offering at C$0.005/unit and the company will issue up to 100 million common shares and purchase warrants for gross proceeds of C$500,000.
Hunter Hillcoat, mining analyst with Investec Securities in London, talks to Tungsten Investing News regarding his coverage of Wolf Minerals. Investec recently revised their buy rating price target for Wolf Minerals to 29.4p down from 31.6p.
Gold – Hummingbird Resources plc (LSE:HUM) announced that along with its subsidiaries, it has entered into a $15-million financing agreement with a 100-percent-owned subsidiary of Anglo Pacific Group plc (LSE:APF). The money will be put towards exploration and development at Hummingbird's Liberia-based Dugbe 1 gold project.
Tin – Reuters reported that while the current financial situation has made project financing difficult for most miners, tin miners in particular are having trouble raising money for their projects. That could be bad news for the tin market, which is already volatile and in deficit.
Copper – Junior mining companies have struggled to raise money to finance their projects in the past year, and copper miners are no exception. But as China and India’s industrialization accelerates, demand for copper will continue to exceed supply, making copper miners that can start production in the near term especially attractive to investors.