Quaterra Resources Inc. today announced that Steven Dischler has resigned as President and CEO and as a director of the Company for personal reasons. Thomas Patton, Chairman of the Board of Directors, will assume the role of President and CEO of the Company.
Further to its press release of August 11, 2015 announcing a proposed debt settlement through the issuance of shares, Starcore International Mines Ltd. announces that it has issued 15,972,810 Subscription Receipts, in full and complete settlement of outstanding debt as at July 31, 2015 in the aggregate amount of US$1,725,371.91 owed to certain creditors. The Receipts were issued at a deemed price of $0.14 per Receipt.
Tesla Motors Inc., long known for its ability to keep its buzz machine churning, gave lithium investors something to get excited about this weekend. On Friday, Bacanora Minerals Ltd. and Rare Earth Minerals Plc, owners of the Sonora Lithium Project, announced that they had finalized a conditional, long-term lithium hydroxide supply agreement with the car and battery giant.
Photographic Report El Limon – Guajes
Shares in Gold Canyon Resources (CVE:GCU) and PC Gold (CVE:PKL) shot up on Tuesday massive trading volumes, after announcing that First Mining Finance Corp. (CVE:FF) will be acquiring all the shares of both explorers.
Arian Silver Corporation, a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that Oliver Rodz and David Laing have each resigned from the Board with immediate effect.
U.S. Precious Metals, Inc. announces that it has received additional assays from its 2015 drilling campaign. The assays for the five holes 18-22 continue to show high values of Gold, Silver and Copper with wide intercepts in multiple locations.
Keith Neumeyer, Chairman of First Mining, stated: We believe that the current market climate for junior exploration companies remains very challenging and thus requires consolidation and that only companies with attractive assets and supportive shareholder bases will survive this market cycle which still may last for years. We believe this transaction provides an excellent opportunity for the shareholders of all three companies to be part of a leading exploration and development company with a dedicated, focused and experienced management team.
Source Exploration Corp. today announced the appointment of Ms. Vivian Gu as Chief Financial Officer effective immediately. As a Certified General Accountant, Ms. Gu has 16 years in public practice, corporate accounting and reporting, including corporate financial management. She holds a Master’s degree in Science from Shanghai Jiao Tong University and a Financial Management Diploma from BCIT. Ms. Gu will succeed Mr. Lance Dyll who recently accepted a senior accounting position with another employer.
Gold bulls piled into the metal in hopes that the turmoil sweeping financial markets would finally help revive prices. They were wrong. Instead of a rally, futures in New York fell for four straight sessions even as global equities plunged to a two-year low. Rather than providing a refuge from the meltdown, golds volatility rose right along with a measure of equity turbulence, diminishing its appeal as a haven. As stocks started to recover, the metal kept falling because of reports that signaled gains for the U.S. economy.
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