Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed its unaudited Condensed Consolidated Interim Financial Statements for the quarter and the nine month period ended September 30, 2013. The Company reported a decrease in loss before net finance income and income and mining taxes of $2.8 million (56%) compared to the previous quarter in 2013.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed a preliminary short form prospectus of up to $16 million in Units comprised of Convertible Unsecured Debentures and Share Purchase Warrants of the Company. Orbite Aluminae also secured a binding subscription commitment for $40 million in additional Units in additional funding from Crede Capital Group, who has also agreed to purchase $10 million of Units under the Offering.
NioCorp Developments Ltd. (TSXV:NB) closed the first tranche of its brokered private placement for gross proceeds of $927,992 by issuing 6,186,612 common shares, at a price of $0.15 per share.
NioCorp Developments Ltd. (TSXV:NB,OTCQX:NIOBF) contracted SGS Canada Inc. for metallurgical optimization studies on the Elk Creek niobium deposit.
Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF,FWB:MRD) announced that Chairman and Chief Executive Officer, Dr. Bill Bird, and President, Don Lay, will attend and present at two Swiss Mining Institute conferences, on October 1st and 2nd, 2013.
Namibia Rare Earths Inc. (TSX:NRE,OTCQX:NMREF) is now on Rare Earth Investing News.
Namibia Rare Earths Inc. (TSX:NRE) has a 100% ownership stake in the Lofdal Rare Earth Project in Namibia, Africa. The exceptional level of heavy rare earths elements puts the Lofdal project in a class by itself, and is considered the largest REE resource outside of China. The Company has already established a 43-101 compliant mineral resource and is moving forward with metallurgical studies to accelerate development of the project with strategic mining partners to take the project into production.
Quest Rare Minerals Ltd. (TSX:QRM,NYSE:QRM) produced a heavy rare earth plus yttrium (HREE+Y) concentrate and a separate light rare earth (LREE) concentrate, from its Strange Lake B-Zone Deposit. The HREE+Y has a purity level of approximately 84%, of which 75% is composed of yttrium oxide.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) provided an update on its financing initiatives. The Company plans to complete an equity offering within the coming weeks and is currently reviewing a number of financing options.
Medallion Resources Ltd. (TSXV:MDL) was featured in The Metals Report, in an interview with Chris Berry, founder of House Mountain Partners, who shares his macroeconomic outlook.