Featured News
Vedanta Limited: Acquisition of Electrosteel Steels Limited
MUMBAI, India, June 16, 2018 /PRNewswire/ -- In continuation to our announcement on June 4, 2018, today our wholly owned subsidiary, Vedanta Star Limited ("VSL") has been allotted 176,55,06,078 fully paid up equity shares of INR 10 each in Electrosteel Steels Limited ("ESL") as per the approved Resolution Plan. Pursuant the aforementioned allotment, our Company now holds 90% of the paid up share capital of ESL through VSL.
Cobalt Power Group Announces Closing of the Acquisition of Western Cobalt Corp.
Cobalt Power Group Announces Closing of the Acquisition of Western Cobalt Corp.
Canadian Orebodies Closes First Tranche of Non-Brokered Private Placement
TORONTO, June 15, 2018 (GLOBE NEWSWIRE) -- Canadian Orebodies Inc. (the “Company”) (TSXV:CORE) is pleased to announce that it has closed the first tranche of the previously announced non-brokered private placement (the “Financing”) raising gross proceeds of $1,689,249.90 through the sale of 5,042,537 flow-through shares (the “FT Shares”) of the Company at a price of $0.335 per FT Share.
Sandstorm Gold Announces Voting Results from 2018 Annual Shareholder Meeting
VANCOUVER, June 15, 2018 /CNW/ - The Annual General and Special Meeting of Shareholders of Sandstorm Gold Ltd. (the "Meeting") was held today, June 15 in Vancouver, British Columbia at which 68% of the issued common shares, as of the record date for the Meeting, were represented. Shareholders voted in favour of all resolutions presented, including the re-election of all director nominees, namely Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski and Mary L. Little and the election of new director, Vera Kobalia. Detailed results of the vote for directors are set out below:
Tree Island Steel Announces Quarterly Dividend
VANCOUVER, British Columbia, June 15, 2018 (GLOBE NEWSWIRE) -- Tree Island Steel Ltd. (“Tree Island” or the “Company”) (TSX:TSL) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.02 per share on the issued and outstanding Common Shares of the Company, payable on July 16, 2018, to holders of record at the close of business on June 29, 2018.
MSC Industrial Supply Co. To Webcast Review Of 2018 Fiscal Third Quarter Results
MELVILLE, N.Y. and DAVIDSON, N.C., June 15, 2018 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America, today announced that the Company's conference call to review its 2018 fiscal third quarter results, as well as its current operations, will be broadcast live over the Internet Wednesday, July 11, 2018 at 8:30 a.m. Eastern Time.
Canada's Premiers Stand with Canadian Workers, Businesses and Communities Impacted by U.S. Protectionism
OTTAWA, June 15, 2018 /CNW/ - Canada's Premiers stand united with the Government of Canada as it proposes countermeasures in response to the United States (U.S.) federal government's unfounded steel and aluminum tariffs. Premiers also continue to be concerned about the recent unwarranted U.S. tariffs placed on Canadian exports of uncoated groundwood paper (newsprint). Provincial and territorial governments are committed to defending workers, businesses and communities across the country.
Lincoln International represents Sentinel Capital Partners in the sale of RotoMetrics
CHICAGO, June 15, 2018 /PRNewswire/ -- Lincoln International ("Lincoln"), a leading global mid-market investment bank, is pleased to announce that Sentinel Capital Partners ("Sentinel") has sold Roto-Die Company, Inc. (d/b/a "RotoMetrics" or the "Company"). Terms of the transaction were not disclosed.
Leading Edge Materials Updates the Norra Kärr Rare Earth Element Project Permit Application Process
VANCOUVER, June 15, 2018 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials") or (the Company") (TSXV: LEM) (OTCQB: LEMIF) (Nasdaq First North: LEMSE) provides an update on the Norra Kärr rare earth element ("REE") project permit application process in Sweden.
Denison Consulting Group Offers First-of-its-Kind Cloud-Based Managed Services for Global Manufacturers
CARLISLE, Pa., June 15, 2018 /PRNewswire/ -- Denison Consulting Group today announces general availability of their first-to-market, industry-leading managed service to support how global manufacturers measure and manage energy and power quality - two of the largest cost drivers in the production process.
First Bauxite Announces the Additional Financing of US$10 Million Pursuant to a Second Bridge Loan Facility and Formal Commencement of Construction of the Bonasika Project
NEW ORLEANS, June 15, 2018 (GLOBE NEWSWIRE) -- First Bauxite Corporation (“First Bauxite” or the “Company”) (TSX-V:FBX) (FRANKFURT:FBI) (BERLIN:FBI) is pleased to announce that it has received additional financing under a second bridge loan agreement (the “Second Loan Agreement”) with Resource Capital Fund VI L.P. (“RCF VI”) signed today.  RCF VI has agreed to provide additional financing under a second bridge loan facility (the “Second Bridge Loan Facility”) to the Company in the principal amount of up to US$10 million (the “Second Bridge Loan”). The Company announced in meetings with Ministers of the Government of Guyana that construction has commenced of the mining and processing facilities for its Bonasika Bauxite Project (the “Bonasika Project”) located in Guyana using proceeds from the Second Bridge Loan Facility.
Steel Dynamics Provides Second Quarter 2018 Earnings Guidance
FORT WAYNE, Ind., June 15, 2018 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2018 earnings guidance in the range of $1.46 to $1.50 per diluted share, compared to prior year second quarter earnings of $0.63 per diluted share and sequential first quarter 2018 earnings of $0.96 per diluted share.
Retailer London Diamonds Strikes Supply Deal With World's Largest Wholesalers
LONDON, June 15, 2018 /PRNewswire/ --
Ritchie Bros. sells CA$95+ million of equipment in Edmonton June auction
Three-day auction attracts 9,550+ bidders from 50 countries; 67 percent of equipment sold online
Amarillo Gold Corporation to Present at The MicroCap Conference in Toronto, June 21st and the John Tumazos Conference in New Jersey, June 28th, 2018
TORONTO, June 15, 2018 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (TSX.V:AGC) (“Amarillo” or the “Company”) today announces that the Company will be presenting at the MicroCap Conference on June 21st in Toronto and at the John Tumazos Conference in New Jersey June 28th, 2018.
Kennametal CFO Jan Kees van Gaalen to Retire
PITTSBURGH, June 15, 2018 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that Vice President and Chief Financial Officer Jan Kees van Gaalen will retire from the company in September 2018.
First Energy Metals samples up to 26.90% graphite at Russel Graphite property in Quebec
VANCOUVER, June 15, 2018 /CNW/ - First Energy Metals Ltd. (TSXV: FE) (the "Company) is pleased to announce that it has received assay results of samples collected during recently completed exploration work at the Russel Graphite property ("Russel Property").
Treasury Metals Announces Results of Annual Meeting of Shareholders
TSX: TML OTCQX: TSRMF
Katanga Announces Settlement of Ventora and Africa Horizons Dispute
ZUG, Switzerland, June 15, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today provides an update on its announcement of April 27, 2018 in respect of freezing orders filed against Katanga's 75% subsidiary, Kamoto Copper Company ("KCC"), by Ventora Development Sasu ("Ventora"), a company affiliated with Mr. Dan Gertler.
MAG Reports AGSM Results
VANCOUVER, British Columbia, June 14, 2018 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX:MAG) (NYSE American:MAG) (“MAG” or the “Company”) reports that at its annual general and special meeting (the “AGSM”) held on June 14, 2018, MAG’s Shareholders approved by majority: to elect all eight directors standing for re-election; to re-appoint Deloitte LLP as the Company’s auditor; and to approve amendments to the Advance Notice Policy.
Lake Resources NL (ASX:LKE) EGM Presentation
Lake Resources NL (ASX:LKE) provides the Company's EGM Presentation.
White Cliff Minerals Ltd (ASX:WCN) Options Exercised
White Cliff Minerals Limited (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that it has today issued 1,666,667 ordinary shares following the exercise of 1,666,667 June 2019 Options at an exercise price of $0.01 each.
UEX Corporation Reports Results of Annual General Shareholder Meeting
SASKATOON, Saskatchewan, June 14, 2018 (GLOBE NEWSWIRE) -- UEX Corporation (TSX:UEX) (OTC:UEXCF) (FRANKFURT:UXO) (“UEX” or the “Company”) reports the results of its Annual General Meeting of Shareholders (the “AGM” or the “Meeting”) held on June 13, 2018 in Saskatoon, SK.
Ardea Resources Ltd (ASX:ARL) KPMG Appointed as Corporate Advisor for Strategic Partner Process
Ardea Resources Limited (ASX:ARL) (OTCMKTS:ARRRF) ("Ardea" or the "Company") is pleased to announce the appointment of leading advisory firm KMPG as a Strategic Corporate Advisor to the Company.
Lake Resources NL (ASX:LKE) Short Form Prospectus
Lake Resources N.L. (ASX:LKE) ("Lake" or "LKE") has lodged the attached Short Form Prospectus with ASIC today whereby the Company intends to issue 16,666,667 Options to Placement Applicants who participated in the Placement by the Company in March 2018 and 16,650,000 Options to Noteholders who applied for Options under the Note Issue (Offer).
Ramaco Resources Announces Changes in Financial Officers and New Financing
LEXINGTON, Ky., June 14, 2018 (GLOBE NEWSWIRE) -- Ramaco Resources, Inc. (NASDAQ:METC) today announced that its wholly owned subsidiary, Ramaco Resources, LLC, has entered into an additional $7 million loan under an existing short-term credit facility with Maxus Capital Group (“Maxus”), a commercial finance company headquartered in Cleveland, OH.  The short-term line of credit is secured by certain mining equipment as collateral. Together with amounts previously drawn on this line of credit, the company has drawn a total of $12 million under this equipment-based financing. The proceeds of the borrowing will be used for normal working capital requirements, as well as pay down a portion of the previous line.
Serabi Gold plc : Results of Annual General Meeting, Capital Reorganisation
For immediate release
Axalta Sells 50,000th Spectrophotometer
BASEL, Switzerland, June 14, 2018 /PRNewswire/ -- Axalta (NYSE: AXTA) the leader in full digital color management for refinishers, has sold its 50,000(th) spectrophotometer globally since the launch of the first generation of handheld devices for the refinish industry in 2005. Spectrophotometers are simply a better way to match colors, and faster, right-first-time color matches mean optimised work flow processes, helping bodyshops to save time.
Fortune Minerals Provides NICO Technical Report Update
Third party refiners interested in purchasing NICO concentrates directly from the mine
McEwen Mining Annouces Results of the Annual Meeting
TORONTO, June 14, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen Mining” or the “Company”) held its annual meeting of shareholders on May 24, 2018. Of the 337,086,060 shares outstanding and entitled to vote at the meeting, 229,983,667 shares were voted, or 68.2% of the outstanding shares entitled to vote.
Canada and Argentina Announce Cooperation in the Areas of Energy and Mining at G20
BARILOCHE, Argentina, June 14, 2018 /CNW/ - Canada and Argentina continue to demonstrate global leadership collaboration to achieve our climate change goals and enable the transition to a low-carbon economy.
Rio Tinto and the Grand défi Pierre Lavoie celebrate 10 years of partnership for a healthier Quebec
SAGUENAY, QC, June 14, 2018 /CNW Telbec/ - Rio Tinto is thrilled to participate in the 2018 Grand défi Pierre Lavoie for the 10th consecutive year as lead sponsor.
Cobalt Blockchain Announces US$10m Trade Finance Facility Letter of Intent with United Bank for Africa
TORONTO, June 14, 2018 /CNW/ - Cobalt Blockchain Inc. ("COBC" or the "Company") (TSXV:COBC) is pleased to announce that it has signed a letter of intent for a US$10 million revolving trade finance facility with United Bank for Africa Plc ("UBA"), a leading pan-African financial services group with operations in 20 African countries and offices in three global financial centers of London, Paris and New York.
Belvedere Announces Non-Brokered Private Placement in Connection With Proposed Change of Business to Become Blockchain Technology Company
VANCOUVER, British Columbia, June 14, 2018 (GLOBE NEWSWIRE) -- Belvedere Resources Ltd. (TSX-V:BEL) (the “Company”) announces a proposed non-brokered private placement of a minimum of 8,333,333 subscription receipts and a maximum of 10,897,435 subscription receipts of the Company ("Subscription Receipts") at a price of CAD$0.78 per Subscription Receipt for minimum gross proceeds of CAD$6,500,000 and maximum gross proceeds of CAD$8,500,000 (the "Private Placement").
Colibri Completes Drilling at Pilar, Receives Results of Soil Sample Program, and Receives Assay Results on Final 4 Holes on its Pitaya Property Joint Venture With Agnico Eagle
DIEPPE, NB, June 14, 2018 /CNW/ - (CBI: TSX-V) - Colibri Resource Corporation ("Colibri" or the "Company"), wishes to announce that it has completed drilling of the final 900m of its 3,000m Phase 1 drilling program at its Pilar Gold Project in Sonora, Mexico. Samples from the final 7 drill holes and 2 drill hole extensions have been collected and delivered to ALS Chemex laboratories in Hermosillo, Mexico for assay preparation and subsequently the Atomic Absorption and Fire Assay analysis will be completed in Vancouver, Canada. Assay results will be released as they become available.
NN, Inc. President and CEO and Wellington, Ohio Mayor Honor Veteran Robert H. Moulder in Recognition of Military Service
WELLINGTON, Ohio and CHARLOTTE, N.C., June 14, 2018 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, today announced that its President and Chief Executive Officer Richard Holder, together with Wellington, Ohio Mayor Hans Schneider, will honor NN Senior Mechanic and veteran Sergeant First Class Robert H. Moulder. In a ceremony taking place on June 14, 2018 in order to coincide with Flag Day, Mr. Moulder will present NN, his employer since 2014, with the flag that flew over his most recent posting in Kuwait. In recognition of his service, Mr. Moulder will be bestowed with the inaugural NN President's Award, recognizing his commitment to service above self, and an NN Military Challenge Coin by NN, Inc. President and CEO Richard Holder.
Tethyan Resources Announces Amendment to the Terms of the Suva Ruda Option Agreement
JERSEY, UK, June 14, 2018 /CNW/ - Tethyan Resources plc (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce that it has signed an agreement to amend (the "Amending Agreement") the current option to acquire the Suva Ruda exploration license in Serbia.
Prestigious Octas award recognizes Rio Tinto technology development
MONTRÉAL, June 14, 2018 /CNW Telbec/ - A technology development project to boost the performance of Rio Tinto's Aluminium operations has won the large business category at the 2018 the Gala des Octas.
High Current Compression Lug from Amphenol is Certified to UL 1977
SIDNEY, N.Y., June 14, 2018 /PRNewswire/ -- Amphenol Industrial Products Group, a global leader in interconnect systems, announces that its SurLok Plus line is now certified to UL 1977 in all sizes, including 5.7mm, 8.0mm and 10.3mm.
Nucor Announces Guidance For Its Second Quarter Earnings
CHARLOTTE, N.C., June 14, 2018 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending June 30, 2018. Nucor expects second quarter results to be in the range of $2.05 to $2.10 per diluted share. This range is an increase compared to the first quarter of 2018 consolidated net earnings of $1.10 per diluted share and second quarter of 2017 earnings of $1.00 per diluted share.
North Bay Resources Inc. (NBRI) Issues Update on Tulameen Platinum Project
Skippack, PA, June 14, 2018 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (NBRI) Issues Update on Tulameen Platinum Project
AXYZ International to Install WARDJet Waterjet Cutting Systems in Select AXYZ Demonstration and Showroom Facilities
BURLINGTON, Ontario, June 14, 2018 /PRNewswire/ -- AXYZ International, a leading global manufacturing of CNC router and knife cutting systems, recently acquired WARDJet, a manufacturer of waterjet cutting systems and custom solutions. Currently, WARDJet machines are demonstrated at WARDJet's Ohio-based manufacturing facility. Now, AXYZ International is installing the WARDJet X-1530 waterjet cutting system in its sales and demonstration facilities in Anaheim, California, Calgary, Alberta and Burlington, Ontario. This will provide greater exposure to the versatility of waterjet cutting technology.
United States Silicon Carbide Market, 2005-2018 & 2025
DUBLIN, June 14, 2018 /PRNewswire/ --
Nevada Exploration’s Wade Hodges and James Buskard presenting at Resources for Future Generations conference (RFG2018) in Vancouver on June 19, 2018
VANCOUVER, B.C., June 14, 2018 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (TSX.V:NGE) (OTCQB:NVDEF) is pleased to invite its stakeholders to attend upcoming presentations by NGE’s CEO, Wade Hodges, and President, James Buskard, at the Resources for Future Generations conference (RFG2018) being held in Vancouver, Canada, from June 16 to 21, 2018, at the Vancouver Convention Centre.
2018 Manufacturing Leadership Awards Program Honors Leaders of Industry Transformation
Automation pioneer Dick Morley, Dow's Peter Holicki, IBM, and Universal Robots receive top honors