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 wavered between gains and losses as skittishness about the crisis in Ukraine overpowered upbeat U.S. economic data. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 0.2 percent to 14,254.94 at 12:16 p.m. in Toronto. Almost five shares lost for every four stocks that gains as seven of the ten main industries retreated.
Largo Resources (CVE:LGO) is nearing the start of commercial production with the company saying that construction on its Maracas vanadium project is now 99.8% complete, with only the installation of auxiliary items still underway.
HudBay's move on Augusta less to do with copper, more to do with beleaguered juniors and depleting resources
While HudBay Minerals Inc. (TSE:HBM) and Augusta Resource Corp. (TSE:AZC), currently in the midst of a hostile takeover bid, slug it out, industry observers see nothing so much as opportunism descending on a junior in dire straits.
Quest Rare Minerals (TSE:QRM)(NYSE MKT:QRM) shares were rising on Wednesday after the company completed an updated preliminary economic assessment that it says significantly reduces the market, operational and financial risks of its Strange Lake project in Quebec.
"As a graphene technologies company with a growing global presence, Mr. Cruikshank's participation will assist us with our business development and expansion into critically important United States' markets."
European Uranium Resources (CVE:EUU) said it has agreed to sell its Kuriskova and Novoveska Huta uranium projects in Slovakia to Australia's Forte Energy NL (ASX:FTE) (LON:FTE) for approximately $8.5 million plus a production royalty. The deal represents the sale of the company's only remaining mineral projects.
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