Kirrin Resources Closes $0.7 Million Private Placement
Kirrin Resources Inc. (CVE:KYM) announces that it has raised gross proceeds of $674,000, net proceeds of $656,000, pursuant to its non-brokered private placement announced on October 26, 2010.
Kirrin Resources Inc. (CVE:KYM) announces that it has raised gross proceeds of $674,000, net proceeds of $656,000, pursuant to its non-brokered private placement announced on October 26, 2010.
Big Red Diamond Corp. (CVE:DIA) enters into an option agreement to acquire 100% interest in four properties located in the Carbo area of north-eastern British Columbia.
Paget Minerals Corp. (CVE:PGS) signs an option agreement with Seymour Ventures Corp. (CVE:SEY) whereby Seymour can acquire a 60% interest in Paget's Mt. Bisson and Xeno rare earth element properties.
Reassurances from Chinese officials and the resumption of shipments from the Asian nation have hurt the gains made by many rare earth juniors. Has the market jumped on the rare earth band wagon investing in companies that have yet to produce? Or have they just jumped the gun in a market poised to grow for years to come?
Kidela.com reports that the price increase of Rare Earth Elements has outperformed gold by leaps and bounds.
Paget Minerals Corp. (CVE:PGS) reports that the company has made an initial equity investment in Trident Gold Corporation, a private Colombian gold exploration company.
Rare Earth Metals Inc (CVE:RA) announces Rare Earth Element/Niobium/Beryllium results from the sixth drill hole on the Mann #1 Deposit at the Red Wine property.
Medallion Resources Ltd (CVE:MDL) reports on its Red Wine project reconnaissance sampling in Labrador, Canada. The sampling is part of the 2010 exploration program, which Medallion is conducting as part of its requirements for acquiring a 100% interest in the six mineral licenses that comprise the Red Wine Property (the “Property”). For complete news release, click here. For [...]
News of China’s cutbacks to rare earth quotas have prompted many rare earth mining companies to accelerate feasibility studies and preparations to break ground on new projects. Major firms dependent on rare earth oxides such, as aerospace giant Boeing, are now helping with the search.
There are many rare earth projects currently being explored and developed worldwide. As the Chinese reduced export quotas, these projects represent the future of the rare earth market.
Get our independent commentary on rare earth trends and companies delivered to your inbox.