Mining & Resources
Pecoy Copper Lands C$49.8 Million From Hudbay and a Second Strategic Investor
Pecoy Copper’s shares closed at C$1.82 on Friday, October 30. On Monday, Hudbay Minerals agreed to pay C$2.02 apiece for nearly 15 million new ones. Every tonne in Pecoy’s published resource estimate sits in the inferred category, the least certain tier under Canadian disclosure rules, and a company that already mines copper in Peru wrote…
Midnight Sun’s Dumbwa Copper Corridor Widens to 2,400 Meters in Northern Block
About 5,000 drill samples are stuck in a laboratory queue that now runs from Zambia to Perth. The 76 holes that did clear it show copper spread more than 2,400 meters across at the northern end of a corridor already traced for 12 kilometers. The release reporting that width contains no resource estimate for the…
LaFleur Minerals Signs Ocean Partners Doré Deal With Up to US$5 Million Advance
In April, LaFleur Minerals picked Trafigura to arrange a prepayment facility of up to C$30 million. On Tuesday it said it will not proceed with that term sheet. What it signed instead is an advance of up to US$5 million from a different metals trader, attached to a definitive contract and scoped to a single…










