Featured News
XCMG Celebrates Partnership Achievements with Industry Partners on International Day of Cooperatives
XUZHOU, China, July 4, 2020 /PRNewswire/ -- Leading Chinese construction machinery manufacturer XCMG (SHE: 000425) is celebrating the 2020 International Day of Cooperatives on July 4 through a retrospective of its successful partnership achievements with top global industry partners over the past year.
Brandt Completes Sokkia Canada Acquisition, Expands Position as  #1 Geospatial Supplier
REGINA, SK, July 3, 2020 /CNW/ - The Brandt Group of Companies is pleased to announce that, effective July 2, they have successfully acquired the assets of Ontario-based Sokkia Canada. This acquisition, which directly affects the Ontario and Quebec markets, makes Brandt the exclusive dealer for Sokkia optical survey instruments, accessories and parts for the entire Canadian market.
Moneta Announces $6.0 Million Financing
Symbol: TSX: ME
New Placer Dome Gold Corp. Names Mac Jackson, Former VP of Exploration at Gold Standard Ventures to Advisory Board
VANCOUVER, BC, July 3, 2020 /CNW/ - New Placer Dome Gold Corp. ("New Placer Dome" or the "Company") (TSXV: NGLD) (FSE: BM5) announces Mac Jackson, P.Geo has joined the Company's advisory board as a technical advisor.
Excellon Announces $8 Million Convertible Debenture Financing
TORONTO, July 3, 2020 /CNW/ - Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (OTC: EXLLF) and (FRA: E4X1) ("Excellon" or the "Company") is pleased to announce that it has signed a binding term sheet for a fully subscribed financing of C$8,000,000 (the "Financing") through the private placement of secured convertible debentures of the Company (the "Debentures"). The proceeds will be used to repay the US$6 million bridge loan with Sprott Private Resource Lending II (Collector), LP entered into in connection with the acquisition of Otis Gold Corp. References to principal amounts and conversion or exercise prices in respect of the Financing are in Canadian dollars.
Argonaut Gold Announces Updated Life of Mine Plan for Florida Canyon, Which Generates Approximately $326 Million of Mine Site After-Tax Free Cash Flow at $1,700 Gold
TORONTO, July 3, 2020 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce the results of an updated life of mine ("LOM") plan for the Florida Canyon mine in Nevada, USA, which is now 100% owned by Argonaut following the closing of the merger with Alio Gold Inc. on July 1, 2020. A National Instrument ("NI") 43-101 technical report will be filed within 45 days. All amounts are US dollars unless otherwise stated.
Metal Forming Market for Automotive Worth $202.2 Billion by 2025 - Exclusive Report by MarketsandMarkets™
CHICAGO, July 3, 2020 /PRNewswire/ -- According to the new market research report "Metal Forming Market for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot, warm and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum, Magnesium), Vehicle (ICE & Electric) - Global Forecast to 2025", published by MarketsandMarkets™, the Metal Forming Market for automotive is expected to grow at a CAGR of 3.2%, by value, during the forecast period. The market is estimated to be USD 172.5 billion in 2020 and is projected to reach USD 202.2 billion by 2025.
Lake Resources NL (ASX:LKE) First Samples Successfully Produced from Pilot Plant
Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) together with its technology partner, Lilac Solutions Inc, announced today another step towards the delivery of high purity, responsibly sourced lithium, with the first samples of lithium chloride successfully produced from Lilac's direct lithium extraction pilot plant module dedicated for Lake's Kachi Lithium Brine Project.
Turquoise Hill announces completion of 2020 Oyu Tolgoi Feasibility Study, updated Mineral Reserves and Mineral Resources, and an improved liquidity outlook
MONTREAL, July 2, 2020 /CNW/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced its updated Mineral Resources and Mineral Reserves, prepared in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and CIM definition standards for Mineral Resources and Mineral Reserves (2014), an improved liquidity outlook and deferral of the Company's interim financing discussions.
Canada Silver Cobalt Repurchases Back-in Option From Granada Gold Mine
COQUITLAM, BC, July 2, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) ("Canada Silver Cobalt") has entered into a Purchase and Sale Agreement with Granada Gold Mine Inc. (TSXV: GGM) ("Granada Gold") pursuant to which Canada Silver Cobalt will repurchase from Granada Gold a back-in option on five mining leases at Castle East, forming part of the Castle mine property near Gowganda, Ontario.
Tetra Tech Begins Studies for On-Site Mill at Granada
Mr. Frank Basa reports:
Anritsu Introduces Extended-K(TM) 43.5 GHz Connector Family
MORGAN HILL, Calif., July 2, 2020 /PRNewswire/ -- Anritsu Company introduces the Extended-K(TM) family of connectors with mode-free and traceable performance up to 43.5 GHz. The new Extended-K family provides price and performance benefits, along with guaranteed electrical specifications, high reliability, and environmental robustness in numerous high-frequency applications, including 5G backhaul, aerospace/defense satellites, and millimeter wave (mmWave) body scanner designs. For designs and configuration that do not require frequency coverage beyond 43.5 GHz, the new flexible Extended-K connectors can serve as an alternative to retooling a test set for 2.4 mm connectors.
North Peak Resources Announces Grant of Stock Options
TSX Venture: NPR
APAA Responds to New U.S. Government Data Showing Record Surge of Canadian Primary Aluminum Imports
WASHINGTON, July 2, 2020 /PRNewswire/ -- Today, the American Primary Aluminum Association (APAA) is responding to new U.S. government data from the U.S. Census Bureau that shows new record levels of unalloyed primary aluminum surging into the United States from Canada. In May, 184,789 metric tons of HTS 7601.10 came in from Canada, a record high since Canada was granted an exemption to the Section 232 program.
Cerro de Pasco Resources Closes Second Tranche Non-Brokered Private Placement
CSE:CDPR
Frost & Sullivan: Intelligent Pumps with Analytics Capabilities are Expected to be the New Norm
A large portion of pump OEMs' growth will be driven by services in the next 5 years
TVI Pacific Announces Filing of Audited Annual Financial Statements and Related Documents, and Provides Second Default Status Report
TSX-V: TVI OTC Pink: TVIPF
NioCorp's Scott Honan Promoted to Chief Operating Officer
CENTENNIAL, Colo., July 2, 2020 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce the promotion of Scott Honan to Chief Operating Officer ("COO") of NioCorp, a new position. The promotion is effective immediately.
X-Terra Resources completes first exploration program on Troilus East
ROUYN-NORANDA, QC, July 2, 2020 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("X-Terra") is pleased to announce it has completed the first geological reconnaissance and prospecting campaign on its Troilus East property located on the Frotet-Evans greenstone belt in James Bay, Québec.
Minco Silver Provides the Annual General Meeting Results
TSX: MSV; OTCQX: MISVF;
WKN:A0ESX5
Heatherdale Expands Technical Team, Appointing Ryan Weymark as VP Project Development, Jim Oliver as Geologic Advisor and Graham Neale as Niblack Project Manager; Grants Stock Options
VANCOUVER, BC, July 2, 2020 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) is pleased to announce that the Company has started to fill key technical positions, starting with the appointment of Ryan Weymark as Vice-President of Project Development. Additionally, Dr. Jim Oliver has joined Heatherdale as a technical advisor and Graham Neale has been retained as Project Manager for the Niblack Cu-Au-Zn-Ag Project.
CRU: When Should Idled Steel Capacity be Restarted - How CRU Consulting's Real Options Tools and Services Can Deliver a Commercial, Risk-assessed Decision
LONDON, July 2, 2020 /PRNewswire/ -- The Covid-19 pandemic has generated significant uncertainty in the commodities market. Steel mill operators, for example, have responded by making capacity reductions, idling facilities or making full-blown closures.
Draft EIS on Midas Gold's Stibnite Gold Project Set for Release
Public will have an opportunity to provide comments to regulators on the Proposed Project
Fosterville South Accelerates Drilling at Golden Mountain By Adding Second Core Drill Rig
VANCOUVER, BC, July 2, 2020 /CNW/ - Fosterville South Exploration ("Fosterville South") or (the "Company") (TSXV: FSX) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce that the Company has accelerated drilling at its Golden Mountain project, located in Victoria, Australia.
Orla Mining Appoints Sean Spraggett as General Manager, Panama
VANCOUVER, BC, July 2, 2020 /CNW/ - Orla Mining Ltd. (TSX: OLA) ("Orla" or the "Company") is pleased to announce that Sean Spraggett has been appointed as General Manager, Panama, effective July 1, 2020.
Yorbeau Announces Resumption of Drilling Program with IAMGOLD at the Rouyn Project
MONTREAL, July 2, 2020 /CNW Telbec/ - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has resumed at its Rouyn property with partner IAMGOLD Corporation ("IAMGOLD"). The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in Yorbeau's Rouyn property in Quebec, Canada.
Aurion Resources Announces Trading on the OTCQX Market
St. John's, NL, July 2, 2020 /CNW/ - Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the "Company") is pleased to announce that its common shares will commence trading on the OTCQX(® )Best Market in the United States under the symbol "AIRRF", effective today. Aurion's common shares will also continue to trade on the TSX Venture Exchange under the symbol "AU".
Forward Thinking at Coveris: New Packaging Innovation Centre Opens Its Doors
HALLE, Germany, July 2, 2020 /PRNewswire/ -- As part of its forward-thinking innovation strategy, Coveris has proudly opened the doors of its new Pack Innovation Centre in Halle, Germany. Supporting our customers to "innovate," "educate," and "validate" the flexible packaging of the future, Coveris' Pack Innovation Centre is positioned as a European hub for technical product development, sustainable innovation, and education.
Alfa Laval Wins SEK 130 Million Offshore Order in China
LUND, Sweden, July 2, 2020 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has won an order to supply Framo pumping systems to an FPSO (Floating Production, Storage and Offloading) vessel to be built in China. The order has a value of approximately SEK 130 million. It was booked late June in the Pumping Systems unit of the Marine Division, with deliveries scheduled for 2021.
First Energy Metals Completes Initial Exploration Work and Confirms Filing of Permitting Application for Scramble Mine Gold Property
VANCOUVER, BC, July 1, 2020 /CNW/ - First Energy Metals Ltd. (CSE: FE) ("First Energy" or the "Company) is pleased to announce it has completed the first round of exploratory fieldwork at the Scramble Mine gold property located in Northwestern Ontario, Canada. The work included prospecting to locate historical mineralization areas, carry out channel and grab surface sampling, mapping historical gold mineralization veins and structures, and developing a detailed Phase 2 exploration work plan. The initial field observations confirmed location of historical underground workings, mineralized quartz veins, and the host rock in shear zone. A 6-metre interval and 5 grab samples were collected to further understand the extent of gold mineralization along strike of the historic mining location. The company also completed a large georeferencing program of past operator's diamond drill holes, mine shaft, and surface trench locations. Ground truthing of the most recent geological map of the area was completed during this campaign as well.
Galaxy Resources Limited Announcement
PERTH, Australia, July 2, 2020 /CNW Telbec/ - Galaxy Resources Limited (ASX: GXY) (Company) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company's platform (ASX):
Hycroft Announces Leadership Transition
DENVER, July 1, 2020 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or the "Company"), a gold and silver producer operating the Hycroft mine in the world-class mining region of Northern Nevada, today announced a leadership transition.
Sayona Mining Ltd (ASX:SYA) Strengthens NAL Bid as Evercore Joins Advisory Team
Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) announced today a further strengthening of the world-class advisory team concerning its bid for North American Lithium (NAL) in Quebec, with the addition of global independent investment banking advisory firm, Evercore to its financial advisers.
Körber Unveils Next-Generation Sorter for Supply Chain Automation
Körber Crossbelt Sorter enhances depth and breadth of supply chain solutions with complete materials handling portfolio
Taruga Minerals Limited (ASX:TAR) Appointment of CEO and New Project Acquisition
Taruga Minerals Limited (ASX:TAR) is pleased to announce the appointment of experienced South Australian based geologist, Thomas Line, as CEO of the Company. Thomas has been working as the Project Manager for Taruga in leading the exploration program on the Flinders project and has been instrumental in the acquisition of both the Flinders and Torrens Projects. Prior to this appointment Thomas worked for SIMEC Mining as a Senior Exploration Geologist on the 10mtpa iron ore mine in the Middleback Ranges in South Australia.
Torian Resources Limited (ASX:TNR) Conversion of Nova Minerals Debt
Torian Resources Limited (ASX:TNR) is pleased to advise that Nova Minerals (ASX:NVA) (Nova) has elected for an early conversion of its convertible note (Note) in the Company (Conversion Agreement).
White Rock Minerals Ltd (ASX:WRM) Exploration Update - Last Chance Gold Target Alaska
White Rock Minerals Ltd (ASX:WRM) is pleased to provide an update on its exploration program at the Last Chance Gold Prospect, located within its 100% owned Red Mountain Project in central Alaska.
The Global Aluminum Powders, Pastes, and Flakes Market is expected to grow by 132.70 th MT during 2020-2024 progressing at a CAGR of 6% during the forecast period
NEW YORK, July 1, 2020 /PRNewswire/ --
Global Specialty Alloys Market (Value, Volume) - Analysis By Alloy Type, End-User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)
NEW YORK, July 1, 2020 /PRNewswire/ --
USW Says Much Work Remains to Ensure Effectiveness of USMCA
PITTSBURGH, July 1, 2020 /PRNewswire/ -- United Steelworkers (USW) International President Tom Conway issued the following statement on the effective date of the U.S.-Mexico-Canada trade agreement (USMCA):
Sencorp and WM Thermoforming Machines are Uniting in a Strategic Partnership
HYANNIS, Mass., July 1, 2020 /PRNewswire/ -- Sencorp and WM Thermoforming Machines announce a strategic partnership to strengthen thermoforming equipment options for North American manufacturers. This partnership provides an even broader range of Thermoforming equipment from Sencorp.
PMI® at 52.6% June 2020 Manufacturing ISM® Report On Business®
New Orders and Production Growing; Employment Contracting Supplier Deliveries Slowing at Slower Rate; Backlog Contracting Raw Materials Inventories Growing; Customers' Inventories Too Low Prices Increasing; Exports and Imports Contracting
Mechanical Technology Incorporated Announces Appointment of CFO
ALBANY, N.Y., July 1, 2020 /PRNewswire/ -- Mechanical Technology, Incorporated ("MTI" or the "Company"), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announced the appointment of Jessica Thomas as Chief Financial Officer of the Company, effective July 1, 2020. Rick Jones, who had served as the Company's CFO since 2009, will continue in his current role as President and Chief Executive Officer of MTI.
Buscar Company Provides Acquisition Update
DENVER, July 1, 2020 /PRNewswire/ -- Buscar Company, Inc. (OTC: CGLD) announced details today related to the recent acquisition of Eon Discovery.
KNF Launches a Series of Four New Vacuum/Compressor Pumps for Industrial Applications
TRENTON, N.J., July 1, 2020 /PRNewswire/ -- KNF's new N 630 diaphragm vacuum/compressor pump series delivers high pressure and gas tightness with a durable, long-life design. Four versions are available for use in industrial coolant systems, gas recycling, gas and emissions measurement/analysis, and leak detection across a wide variety of industries, from chemical processing and energy to physics research.