Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Peter Crossgrove, Pascal Decary, and Claude Lamoureux to its Board of Directors, effective immediately.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed its first quarter results and resolved the dispute with its principal supplier involved in the construction of its HPA plant in Quebec. First quarter highlights include cash and short-term investments of $20.2 million and cash flows from operating activities of $1.0 million.
IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) closed the second trache of its brokered private placement for gross proceeds of $69,228. The Company issued 576,900 units at a price of $0.12 per unit, and has issued 16,666,664 common shares in connection with this private placement. IBC Advanced Alloys has raised aggregate gross proceeds of $2,000,000.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Glenn R. Kelly as the Company’s Executive Vice-President and Chief Operating Officer. His appointment will be effective as of May 21, 2013.
Search Minerals Inc. (TSXV:SMY) closed its non-brokered financing of 24,000,000 units for gross proceeds of $1,200,000, at a price of $0.05 per unit.
Quest Rare Minerals (TSX:QRM) Vice-President of Investor and Corporate Affairs Anil Singh spoke with the Investing News Network during PDAC in Toronto on Quebec as an excellent mining jurisdiction because of its “rich mining history, favourable fiscal regime, and strong labour pool.”
NioCorp Developments (TSXV:NB) President and CEO, Peter Dickie, spoke to the Investing News Network during PDAC in Toronto on Nebraska as a “hidden gem”.
NioCorp Developments Ltd. (TSXV:NB,OTCQX:QREDF,FWB:BR3) is developing its flagship Niobium project in Elk Creek, Nebraska and aims to be the solution for America’s strategic and critical Niobium needs for the domestic steel and aviation industry.
Stans Energy Corp. (TSXV:HRE) announced the withdrawal of the appeal made by the legal representative of the Jogorku Kenesh of the Kyrgyz Republic, ending all legal controversy surrounding the licence for Kutessay II.
IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) closed the first tranched of the brokered privace placement that was announced on January 28, 2013. 16,089,764 units have been issued for total proceeds of $1,930,772.