Graphite One Resources(TSX-V:GPH) is a mineral exploration company focused on graphite with a clear and distinct business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The Graphite Creek Property located on the Seward Peninsula of Alaska fits the Graphite One business strategy, offering significant potential for the discovery and development of a large-flake, high-grade graphite mineralization exposed at surface.
Shares of Graphite One Resources (CVE:GPH) (GPHOF:OTCQX) rose over three per cent Monday, after the company announced that it filed its technical report for its maiden inferred resource at the Graphite Creek property in Alaska and said it believes the deposit to be the largest of its kind in the world.
21/01/13Graphite One says Graphite Creek in Alaska could be largest flake deposit in the world
02/10/12Graphite One Resources hits 177 metres of 3% graphite at Alaska property
07/05/12Graphite development takes off in Canada, Focus Metals and other juniors present goods
Recent Sector News
Canadian shares declined for a second day, led by miners, as gold fell for the third time in four days. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) slid 0.2 percent to 12,633.81 at 12:38 p.m. in Toronto on Friday. The 237-member gauge has gained 1.6 percent this month. The materials subindex, which includes mining shares, fell 0.7 percent. The energy subindex slipped 0.4 percent as oil dropped for a fourth day, while financials, the most heavily-weighted group, slid 0.2 percent.
BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November.
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International Mining & Infrastructure Corporation (LON:IMIC) has agreed in principle to acquire Cameroon-focused iron ore development group Afferro (LON:AFF) (CVE:AFF) for £126mln.
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.
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