VANCOUVER – Two top executives of a Canadian gold mining company have been fined for undisclosed insider trading spanning a three-year period.
In a settlement with the B.C. Securities Commission, Black Tusk Resources CEO Richard Ryan Penn and former CFO and secretary Roman Reuven Rubin, admitted to failing to report the vast majority of their trades relating to the company.
“I do have psychokinesis abilities,” Shelley Ackrill told Torstar.
“OK, so I put my hands over the map and there was an area where
my hand was getting a lot of tingling.” That was the spot he was
to drill for diamonds.
Under the calming, low light of Bonnie Mori’s clinic, surrounded by shelves packed with vials of homeopathic remedies and crystals, a visitor could catch a breath and unload his troubles.
Behind a large desk, a wall adorned with certificates announced Bonnie’s credentials as a healer. Alex Christoff sat and told her his story of how a hunting mishap decades ago left a phantom knife in his spine that he could never remove. Surgery didn’t work. “Nothing could repair it,” recalled his nephew Rick Christoff. It was 2001 and Alex, then 72, was looking for hope.
If there’s a shorthand expression in Ontario for the betrayal of Indigenous citizens, their rights, health and well-being, it is probably two words: Grassy Narrows.
The Northern Ontario community bedevilled by mercury pollution in the English River system for a half-century has heard enough empty promises over the decades to last an eternity. In Grassy Narrows, mercury contamination in fish — the result of dumping by a pulp and paper company, dating back to 1962 — continues to poison people.
https://www.northernontariobusiness.com/
Permits issued by province without community’s consent, First Nation claims
Grassy Narrows First Nation is asserting the province should have first consulted with the community before issuing nine permits to mining companies giving them the right to drill on the First Nation’s traditional territory.
The community, located in northwestern Ontario in the area of northern Kenora, issued a news release on Nov. 16 indicating it had begun legal action through the Ontario Divisional Court against the province, in an effort to get the permits cancelled.
https://www.northernontariobusiness.com/
Canada Nickel pulling higher-grade core from drilling program around future open-pit mine
The deeper Canada Nickel Company drills at its Crawford Project outside Timmins, the richer the results get.
The Toronto nickel explorer recently released a handful of very promising drill results from an infill exploration program of its East Zone, one of the two areas the company is sizing up for a pair of open-pit mines.
https://www.northernminer.com/
Well before Wyloo Metals began its fight with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) for Noront Resources (TSXV: NOT), the Australian company signed a definitive agreement with Toronto-based junior Orford Mining (TSXV: ORM) for its West Raglan nickel project in Quebec’s Nunavik region.
The deal, signed in January, sees Wyloo earning up to 80% of the West Raglan project by spending $25 million on exploration over the next seven years. Wyloo was expected to spend $1 million of the $25 million this year, but has already spent $1.7 million.
https://www.bloombergquint.com/
(Bloomberg) — Mining industry veteran Malcolm Norris says he’s struck upon a gold-copper resource in northern Ecuador that may make the world’s resources giants sit up and take notice.
Norris has seen a surge in interest from institutional investors in the El Palmar project since his exploration company Sunstone Metals Ltd. disclosed a significant discovery to the Australian stock exchange on Oct. 7. That’s reflected in the share price, which has risen almost threefold from its closing level on Oct. 6.
The aggregate annual global exploration budget is expected to increase between 5% and 15% year over year for 2022, according to a new report by S&P Global Market Intelligence.
The market researcher’s prediction is based on its own data that show that in 2021, the aggregate annual global nonferrous exploration budget has increased by 35% year over year to $11.2 billion from $8.3 billion in 2020, signalling that the sector has emerged from the downturn caused by the covid-19 pandemic.
https://www.northernontariobusiness.com/
Generation Mining, the developers of a proposed palladium near Marathon, has selected Wood PLC to handle the project’s engineering work. The global consulting and engineering company was awarded the contract to do the processing plant engineering and the equipment procurement for the Marathon palladium-copper project in northwestern Ontario.
In an Oct. 13 news release, Gen Mining said the goal over the next few months is get 75 per cent of the engineering work completed by the time construction starts. Early ground preparation work is tentatively anticipated sometime in the second half of next year.
https://www.northernontariobusiness.com/
The area around a former Pickle Lake gold mine is hot property for Auteco MInerals. The Australian junior miner expects to build a considerable gold base by the time a 50,000-metre drill program wraps up later this year.
Auteco believes its Pickle Crow Gold Project has the potential to be a sizeable mining camp based on what they estimate is in the ground, what they see in the assays, and what the geology is telling them.
(Bloomberg) — Lithium has gotten so hot that even China’s gold miners want a slice of the market, sky high valuations and all. Zijin Mining Group Co., a major Chinese gold and copper producer, announced on Friday its first foray into the booming lithium sector with its C$960 million ($770 million) purchase of Neo Lithium Corp.
It’s just the latest in a series of recent acquisitions, mostly involving Chinese bidders for South American assets owned by Canadian firms, amid surging demand for the key ingredient used to power electric vehicles.
https://www.northernminer.com/
Canada Nickel (TSXV: CNC; US-OTC: CNIKF) has released the results of testing done on samples from its 100%-owned flagship Crawford nickel-cobalt sulphide project in Ontario, about 40 km north of Timmins.
The company says that metallurgical improvements at the project will deliver increased recoveries of nickel, iron and cobalt, as well as enhanced magnetite concentrate quality. These are improvements from the preliminary economic assessment (PEA) for Crawford that was released in May.
https://www.northernontariobusiness.com/
The Timmins district remains one of the hottest gold and base metal exploration grounds in the world. Fall exploration programs are running at a brisk pace across this historic northeastern Ontario camp as junior miners are eager to develop the next generation of mines.
Class 1 Nickel and Technologies want to bring a former nickel mining property back to life. On the site of the former Alexo Mine, halfway between Timmins and Matheson, the company is performing environmental baseline studies in advance of filing for government permits to move its Alexo-Dundonald Project toward production.
https://www.theglobeandmail.com/
Arizona Sonoran Copper Company Inc. is looking to raise $60-million in an initial public offering on the Toronto Stock Exchange, hoping to cash in on investor enthusiasm for one of the best-performing metals this year.
Run by former Kirkland Lake Gold Ltd. chief executive officer George Ogilvie, the private-equity-owned junior filed paperwork to go public on Wednesday. Arizona Sonoran hopes to revive a copper mining camp in Arizona that ran dry in the 1980s. London-based Tembo Capital Management Ltd. and Resource Capital Funds of Denver are the biggest shareholders.
https://www.cbc.ca/news/canada/sudbury/
A court hearing this week sparked by Attawapiskat First Nation in northern Ontario could have big implications for the development of the Ring of Fire.
The First Nation says it wasn’t properly consulted about exploration by mining company Juno in its traditional territory and is seeking an injunction. “The conflicting forces at work loom large over the fate of climate change, the environment, the economy, Attawapiskat, its rights and its culture,” the First Nation’s lawyer, Kate Kempton, told the court Tuesday.
