Featured News
Cobalt 27 Announces Receipt of Final Court Approval for Plan of Arrangement
TORONTO, Oct. 17, 2019 /PRNewswire/ -- Cobalt 27 Capital Corp. (TSXV: KBLT) ("Cobalt 27" or the "Company") announced today that the Supreme Court of British Columbia issued a final order approving the previously-announced statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Pala Investments Limited ("Pala") will acquire 100% of Cobalt 27's issued and outstanding common shares (other than the approximately 19% that Pala already owns) (the "Arrangement"). Under the Arrangement, each Cobalt 27 shareholder will receive C$4.00 in cash plus one share of Nickel 28 Capital Corp. ("Nickel 28") with an implied value of C$1.92 per share for total consideration of C$5.92 per share.
Billy Goat's Next Gen Debris Loader Series Offers Increased Durability And Longer Life In The New Line-Up
LEE'S SUMMIT, Mo., Oct. 16, 2019 /PRNewswire/ -- The new Billy Goat(®) Next Gen Debris Loaders feature a square 10 gauge steel discharge chute that not only spreads to load, but also has a 63% thicker back plate for added durability, extended life and ease of service. Additionally, the poly housing liner features a non-counter sunk bolt pattern that has equal to or better life compared to quarter-inch steel liners in accelerated testing. These composite liners won't cause secondary failures to engine shafts like a failed steel liner may.
Strongco to Hold Third Quarter Results Conference Call
TSX Symbol: SQP
Mesirow Financial Advises Keystone Capital on the Sale of its Portfolio Company, Avalon Precision Casting to Sigma Electric Manufacturing Corp, a Portfolio Company of Argand Partners
CHICAGO, Oct. 16, 2019 /PRNewswire/ -- Mesirow Financial acted as the exclusive financial advisor to Keystone Capital, Inc. ("Keystone") on the sale of its portfolio company Avalon Precision Casting ("Avalon") to Sigma Electric Manufacturing Corporation ("Sigma"), a portfolio company of Argand Partners.
AAM Named an Automotive News 2020 PACE Award Finalist for Electric Driveline
DETROIT, Oct. 16, 2019 /PRNewswire/ -- American Axle & Manufacturing's Electric Driveline Technology has been named a 2020 Automotive News PACE Awards finalist. The Automotive News PACE Awards recognize supplier advances in automotive technologies and processes that have reached the market. Jaguar's first all-electric production vehicle, the I-PACE, features AAM's all-wheel-drive front and rear Electric Driveline units.
Orford Provides Update on 2019 Qiqavik Exploration Program, Including the Drilling Discovery of Gold in Two New Structures
TORONTO, Oct. 16, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce the results of the summer 2019 Exploration program on its 100% controlled Qiqavik gold project in the Cape Smith Belt in northern Quebec. Orford completed a 1,368 metre drilling program in six holes at Interlake, IP lake and the Focused Intrusive (Figure 1). Orford was successful in intersecting gold mineralization in all six drill holes. Three of these holes tested two previously untested geological structures and three tested various locations along a 2.5 km strike length of the 5 km long Interlake Shear zone discovered in 2018.
US Rubber Demand to Increase 2.7% Per Year in Nominal Terms to 2023
CLEVELAND, Oct. 16, 2019 /PRNewswire/ -- US rubber demand is forecast to rise 2.7% per year in nominal terms through 2023, according to Rubber: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from growth in domestic production of tires, belts, hoses, and other rubber parts for motor vehicles, machinery, and equipment. Rubber will remain a material of choice in these applications for its abrasion, chemical, heat, and oil resistance and resilience. The use of natural gas feedstocks in US ethylene production, of which butadiene is a byproduct, will continue to negatively impact synthetic rubber suppliers, as butadiene yields from natural gas feedstocks are lower relative to petroleum feedstocks.
Metal Stampings and Fabrication Market Currently Valued at $250.80 Billion, Says Beroe Inc
RALEIGH, North Carolina, Oct. 16, 2019 /PRNewswire/ -- The global market for metal stampings and fabrication is growing at a CAGR of 4-5 percent and is expected to reach a value of $286.20 billion by 2022, according to Beroe Inc., a procurement intelligence firm. Globally, the end-user demand for metal fabrications is primarily from the construction, building/piping, architecture and automotive industries that are driving the growth of the market.
X-Terra Resources Initiates Phase Two of its Stripping and Trenching Program at Grog and Northwest
ROUYN-NORANDA, QC, Oct. 16, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce the company has mobilized its field crew to the Grog and Northwest Properties located in the Restigouche County, New Brunswick to execute the second phase of its stripping and trenching program.
Top-class Mechanical Engineering Company Renews Its Headquarters With Corian® Exteriors
LONDON, Oct. 16, 2019 /PRNewswire/ --
Canada Cobalt Pours First Silver Bars
COQUITLAM, BC, Oct. 16, 2019 /CNW/ -Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that the Company has successfully poured its first silver in a proof of concept test ahead of a significant ramp-up that will officially begin with the pouring of a 1,000-ounce silver dore bar planned for later this month.
Champion Iron Provides Notice of Second Quarter Results and Conference Call Webcast Details
MONTREAL, Oct. 16, 2019 /CNW/ - Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") announces that it will be hosting a conference call on October 30, 2019 at 8:30 AM EDT (Montreal Time) with senior management, during which they will review the Company's financial and operational results for the second quarter of the fiscal year ending March 31, 2020.
Neo Magnequench Facility Named as "Top 100" Manufacturer in Tianjin, China
TORONTO, Oct. 16, 2019 /CNW/ - Neo Performance Materials Inc. ("Neo", the "Company") [TSX: NEO] is pleased to announce that its Neo Magnequench facility in Tianjin, China has been named as a "Top 100" manufacturing enterprise in Tianjin by the Tianjin Enterprise Association.
Pan American Silver to Announce Q3 2019 Unaudited Results on November 6
Conference Call and Webcast on November 7
Avino Announces Q3 2019 Production Results
VANCOUVER, Oct. 16, 2019 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, "Avino" or "the Company") announces its third quarter 2019 production results from its Avino property near Durango, Mexico.
U.S. Nuclear Fuel Working Group's Deadline Extended
Working Group Has up to 30 More Days to Make Recommendations to President Trump
Cardinal Resources Ltd (ASX:CDV) Martin Place Securities Research Report
Cardinal Resources (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) has a large gold deposit in the north of Ghana, an important 140tpa Birimian gold producer in West Africa in the world's 2nd largest gold province.
Lithium Power International (ASX:LPI) Independent Research Report 2019
Lithium Power International (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) is the majority owner of the Minera Salar Blanco S.A. JV ("MSB") with its main asset, the Maricunga lithium brine project, located in Chile, 3750 metres above sea level and 160 kilometres from the city of Copiapo near the Argentinian border. The JV has three shareholders, LPI (51%), Minera Salar Blanco, also known as Minera, (31%) and Bearing Lithium (18%). The vast majority of LPI's valuation is its stake in the MSB, the central focus of this report, however, the company also has highly prospective exploration tenements in Western Australia (currently drilling at Tabba Tabba) and Argentina.
Lithium Power International Ltd (ASX:LPI) Environmental Impact Assessment Update
Minera Salar Blanco S.A. (MSB), Lithium Power International Limited's (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) joint venture company, were informed today that the Chilean Environmental Service has extended the EIA evaluation process for 60 days.
Thomson Resources (ASX:TMZ) New Gold Project
Thomson Resources (ASX:TMZ) is pleased to announce that it has entered into an agreement to acquire a new gold exploration project in central NSW, 50km north of its Bygoo Tin project. The 90 square km project, EL8684, covers the northwest part of the mineralised Yalgogrin Granite, with 11km of historic gold workings.
B2Gold Completes the Sale of Nicaragua Assets to Calibre Mining Corp.
VANCOUVER, Oct. 15, 2019 /CNW/ - B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") announces today that it has completed the sale of El Limon and La Libertad Gold Mines, the Pavon Gold Project and additional mineral concessions in Nicaragua (collectively, the "Nicaragua Assets") to Calibre Mining Corp. ("Calibre") for aggregate consideration of US$100 million (the "Transaction"), subject to adjustment for working capital under the share purchase agreement for the Transaction. Pursuant to the terms of the Transaction, B2Gold received on closing an aggregate of 87,986,666 common shares of Calibre ("Calibre Shares"), representing approximately 28.35% of the issued and outstanding Calibre Shares on closing, US$40 million in cash, a US$10 million convertible debenture (the "Debenture"), and will receive an additional cash payment of US$10 million on October 15, 2020 (the "Additional Payment") (which Additional Payment may at B2Gold's option be settled in Calibre Shares based on the five-day volume weighted average price of Calibre Shares at the time of such payment and provided it does not result in B2Gold holding over 31% of the issued and outstanding Calibre Shares). The principal amount owing under the Debenture will bear interest at 2% and will be payable in cash on October 15, 2021, and is convertible at a rate of CDN$0.75 per Calibre Share. The Debenture will be a direct, unsecured obligation of Calibre, ranking equally with all other existing and future unsecured indebtedness of Calibre and will be a non-voting security.
Turquoise Hill announces third quarter 2019 production results and provides underground development update
VANCOUVER, Oct. 15, 2019 /CNW/ - Turquoise Hill today announced third quarter 2019 production for Oyu Tolgoi and provided an update on underground development.
Corsa Coal Provides Management Update
CANONSBURG, PA, Oct. 15, 2019 /CNW/ - Corsa Coal Corp. (TSXV: CSO; OTCQX: CRSXF) ("Corsa" or the "Company"), a premium quality metallurgical coal producer, announces that Matthew M. Schicke is no longer Chief Commercial Officer of the Company. Mr. Schicke's departure is not the result of any dispute or disagreement with the Company or any matter related to the Company's operations, policies, management or board of directors. This senior level position has been eliminated as part of further reorganization and reduction of the Company's general and administrative expense.
Fortune Bay Corp. Announces Grant of Stock Options
HALIFAX, Oct. 15, 2019 /CNW/ - Fortune Bay Corp. (TSXV: FOR) ("Fortune Bay" or, the "Company") announces that the board of directors of the Company has approved the granting of 250,000 incentive stock options (the "Options") pursuant to the Company's Stock Option Plan. Directors, officers and employees were awarded 100,000, 100,000 and 50,000 stock options respectively. The Options are exercisable at a price of $0.31 per share, expire on October 11, 2024 and vest over a three-year period.
Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2019 Fourth-Quarter and Full-Year Earnings Results
TROY, Mich., Oct. 15, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's fourth-quarter and full-year results for fiscal year 2019 on Wednesday, Nov. 13 at 9 a.m. ET.
IMI and GustoMSC Sign Jack-up Design License Agreement
DHAHRAN, Saudi Arabia, Oct. 16, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had signed a License Agreement with GustoMSC, an NOV company. The agreement enables IMI to efficiently construct and deliver drilling rigs to its clients. The agreement entails a new GustoMSC drilling jack-up design which will utilize the modern manufacturing capabilities currently planned for at IMI. As a result of the agreement IMI will be fully prepared for its first production operations anticipated in 2021.
Global Platinum Industry
NEW YORK, Oct. 15, 2019 /PRNewswire/ -- Platinum market worldwide is projected to grow by 1.3 Million Ounces, driven by a compounded growth of 2.4%. Platinum, one of the segments analyzed and sized in this study, displays the potential to grow at over 2.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 8.4 Million Ounces by the year 2025, Platinum will bring in healthy gains adding significant momentum to global growth.
MultiCam To Host 30th Year Birthday Celebration
DALLAS, Oct. 15, 2019 /PRNewswire/ -- MultiCam, a world-renowned USA builder of high-quality CNC machinery will be hosting their 30th year birthday celebration at its DFW Airport manufacturing facility, 1025 West Royal Lane, DFW Airport, TX on Wednesday, October 23rd, 2019, from 5:30 p.m. - 9:00 p.m. Live demonstrations of MultiCam's CNC Routers, Plasma, Waterjet, Laser cutting, Digital finishing knife systems, and CNC software solutions will be on display.
MineHub Launches Its Mining and Metals Technology Platform
LONDON and VANCOUVER, British Columbia, Oct. 15, 2019 /PRNewswire/ -- MineHub Technologies Inc ("MineHub") is pleased to announce it has completed development of its innovative technology platform that is designed to improve efficiency in trading operations and environmental and social governance (ESG) compliance in mining and metals supply chains. MineHub has been working in collaboration with IBM (NYSE: IBM) and industry leaders across the mining supply chain including ING Group (NYSE: ING), Wheaton Precious Metals, Ocean Partners USA, Kutcho Copper (TSXV: KC), Capstone Mining (TSX: CS) and White & Case LLP.
Huge 5-Day Auction of High-Volume Precision CNC Machining Operation from Triumph Manufacturing
NORTHBROOK, Ill., Oct. 15, 2019 /PRNewswire/ -- Hilco Industrial, in partnership with Machinery Network Auctions and Machinery Marketing International, announced that they will conduct a 5-day auction consisting of over 3,500 lots of machinery and equipment used for Tier 2 automotive parts manufacturing from Triumph's 130,000 sq ft. facility in Tempe, Arizona. The auction will be split into a 2-day live, onsite & webcast auction held on 6 & 7 November 2019 at 10 am MT and a 3-day online-only auction closing 12 - 14 November 2019 starting at 9 am MT.
Magna Terra to Acquire Portfolio of Advanced Exploration Assets in Atlantic Canada from Anaconda Mining
Encompasses three projects in the established mining jurisdictions of Newfoundland and Labrador and New Brunswick; district scale exploration potential; past production; three known deposits with numerous high-grade gold showings and prospects
Forgings Market to Reach 34.94 Million MT by 2022, Says Beroe Inc
RALEIGH, North Carolina, Oct. 15, 2019 /PRNewswire/ -- The global market production of forgings is currently estimated to be 30.19 million MT, growing at a CAGR of 5 percent till 2022, according to Beroe Inc., a procurement intelligence firm. Approximately 40-45 percent of forging units are currently observed to be running at less than 90 percent capacity. The market is primarily driven by demands from the automobile end-user segment.
ADF Group Inc. Adds a Series of Major Contracts to its Order Backlog Valued at Total of $70 Million
TERREBONNE, QC, Oct. 15, 2019 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the "Corporation") Ticker symbol: (TSX: DRX), a North American leader in the fabrication of steel superstructures, is pleased to announce the award of a series of major contracts valued at a total of $70 million.
2019 exploration budget recovery falters due to difficult market conditions and high-profile M&A activity
NEW YORK, Oct. 15, 2019 /PRNewswire/ -- Newly released 2019 global exploration budget data from S&P Global Market Intelligence's Corporate Exploration Strategies series reveals that the industry recovery, which began in late 2016, has faltered this year. The global nonferrous exploration budget is down by 3% year over year to US$9.8 billion in 2019 from US$10.1 billion in 2018. The total comprises US$9.29 billion in aggregate company budgets plus an estimated total for companies spending less than US$100,000 and private companies that do not report their data.
Hydro Gear Launches Customer Portal with On-Demand 3D Parts Catalog Powered by CADENAS PARTsolutions
CINCINNATI, Oct. 15, 2019 /PRNewswire/ -- Hydro-Gear, a world leader in precision drive solutions, launched a customer portal with 3D CAD downloads, improving customers' design cycle with faster access to the parts they need.
Glencore Canada Corporation Acquires Shares and Warrants of Group Eleven Resources Corp.
TORONTO, Oct. 15, 2019 /CNW/ - Glencore Canada Corporation ("Glencore Canada"), a wholly-owned indirect subsidiary of Glencore AG ("Glencore"), announces that it has purchased (the "Investment") 8,400,000 units (the "Group Eleven Units") of Group Eleven Resources Corp. ("Group Eleven"), with each Group Eleven Unit consisting of one common share (a "Common Share") in the capital of Group Eleven issued from treasury and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant") at a price of C$0.12 per Group Eleven Unit for total gross proceeds to Group Eleven of C$1,008,000. The Warrants are exercisable at a price of C$0.24 per Common Share for a period of 36 months from October 11, 2019.
Group Eleven Enters Into a Non-Brokered Private Placement and Shareholder Rights Agreement with Glencore on Zinc Exploration in Ireland
VANCOUVER, Oct. 15 2019 /CNW/ - Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) ("Group Eleven" or the "Company") is pleased to announce a non-brokered private placement ("Offering") and Shareholder Rights Agreement ("Agreement") with Glencore Canada Corporation ("Glencore") which grants Glencore certain rights covering the Company's zinc projects in the Republic of Ireland. The offering consists of 8,400,000 units at a price of $0.12 per unit for gross proceeds of $1,008,000. All currency is denominated in Canadian dollars. Glencore is the owner of the Pallas Green project in Ireland, which hosts the Pallas Green deposit (45.1 million tonnes of 7% zinc and 1% lead(1) in the Inferred category). Group Eleven's adjacent Stonepark project hosts the Stonepark zinc deposit (5.1 million tonnes grading 8.7% zinc and 2.6% lead(2) in the Inferred category).
Neo Lithium and the Municipality of Fiambalá Announce the Creation of a Lithium Industrial Park
TORONTO, Oct. 15, 2019 /CNW/ - Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV:NLC; OTCQX:NTTHF; FSE:NE2) is pleased to announce that the mayor of the municipality of Fiambalá, Ms. Roxana Paulon, and the council of Fiambalá city has unanimously approved the granting of a 610 hectare land parcel within close proximity of Fiambalá city for the development of the Fiambalá Industrial Park. The grant will include a 349 hectare section of the land, which will be given to Liex S.A., a wholly owned subsidiary of Neo Lithium in Argentina, for the future construction of the Company's full scale lithium carbonate plant.
Gatling Drilling Hits Widespread Mineralization; Connects Two Deposits Along 2.5 km of Trend
VANCOUVER, Oct. 15, 2019 /PRNewswire/ - GATLING EXPLORATION INC. (TSXV: GTR, OTC: GATGF) (the "Company" or "Gatling") is pleased to announce that is has successfully connected two of its three deposits along the 4.5 kilometer trend at the Larder gold project in Ontario. The most recent hole - part of an aggressive step out drilling phase - has intercepted 1.5 g/t Au over 36.8 meters including 2.0 g/t Au over 14.8 meters. The 400 meter step out from the high-grade core at the Bear deposit confirms gold mineralization in the North zone towards Cheminis and further adds mineralization to the South Flow zone. Importantly, these results confirm that Bear and Cheminis, previously thought to be two distinct deposits, are part of larger mineralized trend extending for at least 2.5 kilometers along strike.
Jervois Mining receives Phase 1 Drill Results, Uganda


Granada Hits Near-Surface High-Grade Material of 48 g/t Au Over 0.5 Meter in Drill Hole GR-19-E on the Extended Long Bars Zone
ROUYN NORANDA, QC, Oct. 15, 2019 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") is pleased to provide the first results from its latest drill program at its 100% owned Granada gold deposit in Rouyn-Noranda. Coarse, native gold was observed in the drill core. GR-19-E intersected a high-grade zone with 12.32 g/t Au over 2 meters including 48.80 g/t over 0.50 meters at a core length depth of 35.5 meters on the extended LONG Bars zone. Results are pending for GR-19-A, GR-19-B and GR-19-C for high grade verifications.
Jervois update on drilling at Idaho Cobalt Operations, United States


RNC Minerals Provides Production and Cost Guidance and Positive Operational Update
Jervois Appoints Wood as ICO Refinery Scoping Study Engineer


2020 PACE Award Finalist
MAUMEE, Ohio, Oct. 15, 2019 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) has been named a 2020 Automotive News PACE Awards finalist for its metallic bipolar plates for fuel cells, as well as its Rhombus(TM) TireAnalytics system.