In a webcast event, Prophecy Platinum's chairman and CEO John Lee went over the company's progress over the past year and highlighted features that showed Wellgreen's potential as a deposit that ranks amongst the world's top five undeveloped nickel sulphide projects.

Prophecy Platinum Corp. (CVE:NKL) (OTCQX:PNIKF) Wednesday released an updated mineral resource estimate for its Shakespeare deposit underground East Zone just west of Sudbury, Ontario, showing a "marked increase" in the total global resource.

Prophecy Platinum Corp. (CVE:NKL)(OTCQX:PNIKF) announced just as markets were set to close last night a $20 million brokered private placement offering of special warrants, in a bid to advance its flagship Wellgreen property in the Yukon to pre-feasibility stage.

In just a year’s time, Prophecy Platinum (CVE:NKL) has managed to outline an initial resource, generate a robust economic report, and kick start a 20,000 metre drill program at its flagship Wellgreen project, a platinum group metals (PGM)-rich nickel-copper property in the Yukon.

Prophecy Platinum Corp. (CVE:NKL)(OTCQX:PNIKF) unveiled Monday results from an NI 43-101 preliminary economic assessment (PEA) of its flagship nickel and platinum group metals (PGM) Wellgreen project in the Yukon, including a whopping $3.0 billion net present value.

Largo Resources (CVE:LGO) is on path to becoming the lowest cost producer of vanadium in the world from a primary source, according to CEO Mark Brennan, with the company's Maracás project in Brazil on pace for commissioning in the fourth quarter.

Canadian shares rallied for a third day on Tuesday, sending the benchmark gauge to its highest level in two months, as producers of raw materials and energy climbed following upbeat economic data from Europe. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) gained 1.3 percent to 12,780.46 at 12:37 p.m. on Tuesday. More than four stocks advanced for every share that dropped.

Canadian shares gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.

If you think the pain in the resource sector is over, Rick Rule will gladly give you a reality check. But, the chairman of Sprott U.S. Holdings says being brash in a bear market where there is no competition will pay off.

Curis Resources (TSE:CUV) has arranged to raise $6 million through a non-brokered private placement financing, with funds to be used to advance the development of the company's Florence copper project in Arizona, which earlier this year yielded strong economics in a prefeasibilty report.