Applied Minerals, Inc., a leading global producer of halloysite clay and advanced natural iron oxides, is pleased to announce that it has entered into a 5-year exclusive take-or-pay sales contract for its AMIRON Technical Grade Iron Oxides to a leading global industrial customer for use in a catalyst technology.
Mission Gold Ltd. is pleased to announce that further to its press release of October 8, 2015, it has entered into a definitive arrangement agreement with Northern Dynasty Minerals Ltd. with respect to the acquisition by Northern Dynasty of 100% of the outstanding securities of Mission Gold.
SLAM Exploration Ltd. is pleased to announce it has signed an agreement for the sale of the Reserve Creek and Miminiska Lake mineral properties to Mishkeegogamang-Eabametoong Mineral Resources Corp. Mike Taylor states, "We are proud to sign this historic agreement with MERC, a new company established expressly to provide the good people of the two historic Ojibway sister nations of Eabametoong and Mishkeegogamang with economic development opportunities and hope in a future made better through cooperative ownership and control in mineral exploration, development, mining and related services on their Traditional Territories.
Quinto Real Capital Corporation is pleased to announce to its shareholders the agreement reached between IAMGOLD Corporation and TomaGold Corporation. Under the terms of the new agreement, IAMGOLD will acquire a 50% interest in the Monster Lake project, which comprises the Monster Lake, Winchester and Lac-à-l'Eau-Jaune properties, in exchange for a $3.22 million cash payment to TomaGold, of which $322,000 will be paid to Quinto Real at the closing of the transaction.
Platinum Group Metals Ltd. reports that it has delivered notice to Sprott Resource Lending Partnership for the drawdown of a US $40 million working capital facility executed in February, 2015.
Pure Energy Minerals Limited is pleased to report that, via its wholly owned US subsidiary, Esmeralda Minerals LLC, it has secured an additional 1320 acres (534 hectares) of lithium placer mining claims in Clayton Valley, Nevada. Pure Energy's total project size is now approximately 9,324 acres (3,773 hectares).
Magellan Gold Corporation is pleased to announce geochemical results from sampling at its 100% controlled Silver District Project located in La Paz County, southwest Arizona.
American Creek Resources Ltd. is pleased to report that the previously announced fall exploration program being conducted on its 100% owned Electrum property located in northern British Columbia has now successfully concluded.
Market research titled Global Coal Mining to 2020 comprehensively covers global reserves of coal and reserves by country and region, proximate analysis of various coal and reserves by selected mines with an outlook to 2020.
Metanor Resources Inc. announces that it has undertaken to complete a brokered private placement and will be offering, through Secutor Capital Management Corp.: i) a maximum 40,000,000 units priced at $0.05 each, which consist of one common share and one common share purchase warrant having an exercise price of $0.065 and a term of 36 months, for maximum proceeds of $2,000,000; and (ii) 33,333,333 flow-through units priced at $0.06 each, which consist of one flow-through common share and one half of one common share purchase warrant having an exercise price of $0.065 and a term of 36 months, for maximum proceeds of $2,000,000 and gross aggregate proceeds of $4,000,000.
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