Callinan Mines is a Canadian base metals exploration company dedicated to continuing a tradition of successful exploration that began in 1927. The company derives significant, and increasing, revenue from an historic royalty interest in two producing mines in Flin Flon, Manitoba. This income allows the company to keep dilution low as they develop high potential exploration properties in Manitoba and British Columbia.
Together with improving global economic conditions exploration endeavours are gathering pace. It always ushers in considerable confidence in the underlying project as well as the management as such efforts indicate the management’s desire to add shareholder value.
Recent Sector News
Canadian shares as energy shares plunged after election results in Alberta raised concern over the possibility of higher corporate taxes. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 1.2 percent to 14,999.91 at 12:35 p.m. in Toronto. Seven shares declined for every issue that advanced as eight out of ten share groups were in the negative territory.
Tsodilo wants to upgrade the geological model of the kimberlite pipe to optimize the outlay of the large diameter drill (LDD) holes for the forthcoming bulk sampling program.
The mine started production last August. The Toronto-based miner is expecting 2015 production to come in at 17 million pounds of vanadium pentoxide at very competitive costs.
Global Cobalt’s focus is exploration for metals used in the batteries that have become central to our modern way of life – the ones found in our mobile phones, running our tablet computers, and for owners of Nissan Leafs and Tesla S’s, the batteries that power our cars..
Canadian shares fell as a slump in information-technology companies from Wi-Lan to CGI Group overshadowed a rally among energy producers buoyed by rising crude prices. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 0.3 percent to 15,299 at 12:40 p.m. in Toronto. Five shares declined for every four issues that advanced as eight out of ten share groups were in the negative territory.
The extension agreements with local landowners in the vicinity of the Elk Creek Niobium Project, in the form of pre-paid options, grant NioCorp the exclusive right to conduct mineral exploration activities on the subject properties over a five year term.
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