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Eagle Plains Resources: former BC Mines Minister Bill Bennett appointed to the Board of Directors
Eagle Plains Resources appointed former BC Mines Minister Bill Bennett to its Board of Directors, bringing 16 years of legislative experience and deep mining industry knowledge. The company also granted 500,000 stock options to directors at $0.20 per share and accepted the resignation of long-serving director Ron Netolitzky, who will transition to an advisory role.
Pure Energy adds top-tier finance expertise with Paul Zink as the new CFO
Pure Energy Minerals appointed Paul Zink as CFO, bringing 35+ years of mining finance experience from J.P. Morgan and other senior roles. The company is developing lithium projects in Nevada's Clayton Valley and Argentina, with an inferred resource of 816,000 tonnes lithium carbonate equivalent. This leadership change comes as the company advances toward initial economic studies.
The CNRE Expo 2017 in Prince George goes off without a hitch
The Canada North Resources Expo (CNRE) 2017 took place in Prince George, BC on May 26-27, 2017, attracting over 8,000 visitors and featuring 135 exhibitors across four acres of indoor and outdoor displays. The biennial trade show focused on heavy equipment and technology for Northern Canada's forestry, mining, and construction sectors.
Drone Delivery Canada achieves major milestone towards commercialization with successful BVLOS test
Drone Delivery Canada Corp. became the first company in Canada to successfully complete Beyond Visual Line of Sight (BVLOS) test flights in Foremost, Alberta, after receiving a Special Flight Operating Certificate from Transport Canada. This major milestone clears the path for commercial operations expected to begin in Q1 2018, with the company planning to operate under a SaaS revenue model.
MRC Gold Mine construction remains on budget and on schedule
Atlantic Gold Corporation reported that construction of its Moose River Consolidated Mine in Nova Scotia remains on budget and on schedule for September 2017 commissioning. The open pit gold mine project reached 70% completion by the end of May 2017.
K+S new Bethune mine produces first tonnes of potash
K+S has successfully produced its first marketable tonnes of potash at the new Bethune mine in Saskatchewan, earlier than expected in early June 2017. The company plans to produce 600,000-700,000 tonnes this year and reach full capacity of 2 million tonnes annually by end of 2017.
Novo announces changes in management team, appoints new CEO and CFO
Novo Resources appointed Robert Humphryson as CEO while Dr. Quinton Hennigh becomes Chairman, positioning the company to advance from exploration to production at their Beatons Creek gold project. The company also promoted Ronan Sabo-Walsh to CFO and granted 1.75 million stock options to officers at CAD$0.95 per share.
Volga-Dnepr’s quick-thinking will help Canadian iron ore mining project increase its 2017 production
Baffinland Iron Mines partnered with Volga-Dnepr Airlines to transport additional mining trucks to its Mary River iron ore operation in Nunavut via specialized cargo flights. The innovative solution involved 20 flights over four weeks in April to increase the truck fleet capacity and help meet 2017 production quotas after sea shipping lanes were closed by ice.
Strong attendance & interest mark CNRE Expo in Prince George
The Canada North Resources Expo in Prince George attracted over 8,000 visitors over two days, showcasing heavy equipment and resources sector companies. The event featured indoor and outdoor exhibits covering forestry, construction, and resources infrastructure, along with a successful Interior Safety Conference that drew 150 delegates.
Copper Fox clarifies technical disclosure on Eaglehead Project
Copper Fox Metals retracted all previously disclosed resource estimates for the Eaglehead copper-molybdenum-gold project in northern British Columbia, stating they had not independently verified the estimates from a 2012 technical report. The company acquired its indirect interest in the project through a 65.4% stake in Carmax Mining Corp, which owns the Eaglehead Property.
Riders give Brandt green light
The Brandt Group of Companies has become a Founding Partner-level sponsor of the Saskatchewan Roughriders Football Club, joining ten other companies in this exclusive sponsorship tier. The partnership provides Brandt with permanent recognition in the new Mosaic Stadium facility and various activation opportunities.
Canadian Institute of Steel Construction welcomes Canadian International Trade Tribunal’s findings
The Canadian International Trade Tribunal ruled that dumped and subsidized fabricated industrial steel components from China, Korea, and Spain have injured Canada's domestic steel industry. Anti-dumping and countervailing duties will remain in place for five years, helping Canadian steel fabricators compete fairly for industrial facility projects including oil, gas, mining, and power generation.
Seabridge Gold confirms transfer of Red Mountain claims to IDM Mining
Seabridge Gold completed the transfer of its Red Mountain Project to IDM Mining Ltd. upon IDM's exercise of its option to acquire the 17,125-hectare gold property located near Stewart, BC. Seabridge retains CDN$750,000 in cash and significant production royalties, including the right to purchase 10% of annual gold production at US$1,000 per ounce up to 50,000 ounces.
Indigenous groups confront Imperial Metals at their AGM
Indigenous groups and environmental activists confronted Imperial Metals at their annual general meeting over ongoing issues from the 2014 Mount Polley tailings dam disaster. The protest resulted in one arrest and three forcible removals by RCMP, while UN human rights investigators are simultaneously visiting Canada to examine the company's operations.
Kennady Diamonds announces Faraday 2 bulk sample diamond recovery results
Kennady Diamonds reported diamond recovery results from its Faraday 2 kimberlite bulk sample, yielding 737.6 carats from 262.6 tonnes for a grade of 2.81 carats per tonne. The results confirm the high-grade potential of the deposit and include 45 diamonds over one carat, with the largest being a 4.72-carat white octahedron. The diamond quality and size distribution appear superior to the company's Kelvin deposit.
Latest Geoscience BC project to reveal geology of north central and northeastern BC
Geoscience BC announced Search Phase III, a 9,600 km² helicopter-borne magnetic survey covering north central and northeastern BC to identify hidden mineral potential. The project received $125,000 funding from Northern Development Initiative Trust and will begin in July 2017 with results expected in early 2018.
Atlas Copco announces Epiroc as name of the company to be dividended out in 2018
Atlas Copco announced it will name its mining and civil engineering division 'Epiroc' when it spins off the business in 2018, subject to shareholder approval. The new company will focus exclusively on mining and civil engineering customers while Atlas Copco retains industrial customers.
Brucejack By the Numbers
Pretivm Resources' Brucejack mine in British Columbia represents a world-class gold project with 8.7 million ounces of total gold reserves and projected annual production of 504,000 ounces over the first eight years. The project has an estimated capital cost of US$811 million with a pre-tax net present value of $2.34 billion.
Solar-diesel and wind-diesel microgrids for off-grid mines gain momentum—new projects expected
Iamgold announced a 12.5 MW solar PV plant for its Essakane gold mine in Burkina Faso under a 15-year power purchase agreement, while Nevsun added a 7.5 MW solar plant at its Bisha mine in Eritrea. Industry experts expect 5-8 additional renewable energy PPAs for mining operations to be signed before the end of 2017, as solar-diesel and wind-diesel hybrid microgrids gain momentum in off-grid mining applications.
Birks unveils the first 200 diamonds from Quebec
Birks jewellery company unveiled the first 200 diamonds from Quebec's Renard diamond mine, operated by Stornoway Diamond Corporation. The mine, Quebec's first diamond operation, achieved commercial production in January 2017 and is forecast to produce 1.8 million carats annually over the first 10 years. The diamonds range from 0.18 carats to 10.01 carats and feature traceable provenance certification.
GoldMining enters agreement to acquire Yellowknife Gold Project and Big Sky Property
GoldMining Inc. entered an agreement to acquire 100% of the Yellowknife Gold Project and Big Sky Property in the Northwest Territories from receivership for 4 million shares. The YGP comprises five deposits with substantial historic drilling totaling over 231,000 metres across 1,061 holes.
Association for Mineral Exploration welcomes Edie Thome as new President & CEO
The Association for Mineral Exploration (AME) has appointed Edie Thome as its new President & CEO, effective June 19, 2017. Thome brings extensive experience in government relations, permitting, and stakeholder engagement from her previous roles at BC Hydro and as Chair of the Canadian Hydropower Association. Her appointment positions AME to strengthen its advocacy for mineral exploration and development in British Columbia.
Silver Wheaton changes name to Wheaton Precious Metals
Silver Wheaton Corp has changed its name to Wheaton Precious Metals Corp to better reflect its evolution from a pure silver streaming company to a diversified precious metals streaming company. The company will begin trading under the new ticker symbol WPM on May 16, 2017, on both TSX and NYSE exchanges.
Britannia Mine Museum Launches “I HEART Carbon” Exhibit at Family Fun Day
The Britannia Mine Museum is hosting Family Fun Day on May 20 as part of BC Mining Week and launching its summer 'I HEART Carbon' exhibit running through September. The exhibit showcases Canadian carbon innovation companies and explores carbon's role from historical mining to modern carbon capture technologies.