Cancana Resources Corp. (the "Company" or "Cancana") and its joint venture partner Ferrometals, together Brazil Manganese Corporation ("BMC"), provided an update on exploration activities.
Mesa Exploration Corp. is pleased to announce that it has re-acquired, by staking, the Green Energy mineral brine project in Utah. The project consists of mining claims covering an area of 80 acres and is 100% wholly-owned.
Osisko Gold Royalties Limited ("Osisko") is pleased to announce that it has received its first shipment of gold ounces from its royalty on the Éléonore Mine operated by Goldcorp. The advance royalty payment received by Virginia Mines has now been fully repaid.
Cliffs Natural Resources Inc. has closed the sale of its remaining coal business, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources, LLC. Cliffs values the transaction at closing at $268 million based on Seneca Coal assuming all liabilities of the business. Additionally, Seneca Coal may pay Cliffs an earn out of up to $50 million contingent upon the terms of a revenue sharing plan which extends through the year 2020.
Centerra Gold Inc. reports today that it has received notice from the Kyrgyz Republic Prime Minister, Mr. T.A. Sariyev, notifying Centerra of the government's intention to withdraw from further negotiations regarding the implementation of the non-binding heads of agreement dated January 18, 2014 (the "HOA").
Sarama Resources Ltd. wishes to announce that Aureus Mining Inc. has agreed to an amendment to terms of the previously announced acquisition of three Liberian exploration properties held by the Company.
Lara Exploration Ltd. is pleased to provide an update on development progress on the Maravaia Copper Gold Deposit, located within its Curionópolis exploration license in northern Brazil, where the Company's partner Tessarema Resources Inc., is earning a 100% interest by putting the project into commercial production and making cash and royalty payments to Lara.
Callinex Mines Inc. is pleased to announce it has received permits for the upcoming winter drilling campaign at the Company's 100% owned Pine Bay and Flin Flon projects, located near HudBay's 777 mine and processing facilities in Flin Flon, Manitoba. It is anticipated that the winter drilling program will commence in mid-January and consist of approximately 6,000m to 7,500m.
Avala Resources Ltd. is pleased to announce the commencement of diamond drilling on its Lenovac exploration license. The Lenovac Project is subject to an earn-in and joint venture agreement with Rio Tinto Mining & Exploration Limited that was announced by the Company in a press release dated November 30, 2015.
Canada Carbon is pleased to provide the following update on the status of the ASTM research program which will lead to the development of standard assessment protocols to determine the chemical purity and neutron absorption potential for natural graphites intended for nuclear applications.
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