Adira Energy Ltd. is pleased to announce that Noble International Ltd has accepted a Letter of Award ("LOA"), which will enable Modiin Energy L.P ("Modiin Energy") to execute a detailed drilling contract on behalf of the Gabriella consortium partners, including Adira and Brownstone Energy. Adira further announces it has signed a Memorandum of Understanding ("MOU") with Modiin Energy authorizing Modiin Energy to enter into a drilling contract with Noble Drilling and/or any of its affiliates on behalf of the working interest parties to drill the Gabriella License prior to the revised spud date, June 30, 2013. To the extent possible, representatives of Adira shall participate in the negotiations with Noble Drilling regarding the Agreement.
Today, Dallas-based Dillon Gage Metals opened its newest subsidiary, International Depository Services of Canada (IDS) in Mississauga, Ontario, a suburb of Toronto. IDS is Canada's first, full-service metals depository designed to meet the diverse needs of all precious metal market participants, from commercial entities to private investors. IDS will provide clients with secure precious metals storage and global distribution for bullion bars and coins, and certified coins.
Robert Mackay, President and CEO of Stans Energy Corp. is pleased to announce that Plant #3 of the company's Kashka REE Plant (KRP) will be ready for operational testing by mid-July 2012, and by August 30, 2012, the KRP is expected to be ready to produce its first product - Heavy Rare Earth Oxides of Dysprosium, Gadolinium, and Erbium to 99.99% purity.
Midway Gold Corp. announces first quarter drill results calculated from data provided by Barrick Gold Exploration Inc. ("Barrick"), who is earning into Midway's Spring Valley Project, Nevada.
General Moly, Inc. today, through a subsidiary, announced the approval of the Mt. Hope Project's 3M Plan (Monitoring, Management and Mitigation) by the Nevada State Engineer (the "State Engineer").
In the middle of last week, silver prices began to surge slightly as suspected. Early last week silver was seen trading around that sweet spot, enticing investors to increase their silver portfolios and lowering the barriers to entry for first time investors. Silver responds similarly to gold; however its influential ties to industrial growth and manufacturing separate it, making it a wise investment choice with stimulus efforts and worldwide economic rebounding.
Focus Ventures Ltd. is pleased to report that it has started exploration on its 100% owned Katenwill concessions in the northern part of the Department of Puno in the Province of Carabaya, Southern Peru. The Katenwill pr...
Eagle Oil Holding Company, Inc.today announced that it has received a "Letter of Intent" with a new registered operator in Texas for the start-up of oil field operations.
A. Schulman announced today that it has entered into a joint venture agreement with National Petrochemical Industrial Company (NATPET) of Jeddah, Saudi Arabia ("KSA"), a subsidiary of Alujain Corporation, a Saudi Stock Exchange listed company.
Compañia de Minas Buenaventura S.A.A. announced today that the Company has reached to an agreement with the Orcopampa workers' union, within the frame of the annual collective negotiations.
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