Posts by Marketwire - Mining and Metals:

Alderon announces closing of $40 million strategic investment

Alderon Iron Ore Corp. (TSX:ADV)(OTCQX:ALDFF) ("Alderon") is pleased to announce that it has closed a C$40 million strategic investment from Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of Liberty Mutual Group. LMM purchased 14,981,273 common shares (the "Purchased Shares") of Alderon on a private placement basis for an aggregate purchase price of approximately C$40 million at a price per Purchased Share of $2.67 (the "Placement"). The purchase price was based on the volume weighted average price of Alderon's shares on the Toronto Stock Exchange for the twenty trading days ended January 11, 2012.
Marketwire - Mining and Metals | January 16, 2012 | 1:47 pm

Elissa Resources Commences Drilling at Thor Rare Earth Project, Nevada

Elissa Resources ("Elissa" or the "Company") (TSX VENTURE:ELI)(OTCQX:ELSRF)(PINKSHEETS:ELSRF) reports that drilling has commenced at its 100%- owned Thor heavy and light rare earth element (REE) project in Nevada. Multiple diamond core drill holes will initially target the Lopez Trend, a 1.6-mile (2.6-km) long REE-bearing monazite structure that is coincident with a prominent magnetic anomaly.
Marketwire - Mining and Metals | January 15, 2012 | 12:02 am

US Gold Responds to Settlement Offer Regarding Minera Andes’ Los Azules Copper Property Litigation

US Gold Corporation ("US Gold") (NYSE: UXG - News)(TSX: UXG -News), in light of the proposed business combination between US Gold and Minera Andes Inc., wishes to respond and comment on the news release of TNR Gold Corp. (January 12, 2012) proposing a settlement for an amount of US$125 million of the litigation surrounding certain portions of Minera Andes' Los Azules Copper Project.
Marketwire - Mining and Metals | January 13, 2012 | 9:36 pm

Passport Potash Inc.: Closing of Private Placement

Passport Potash Inc. (TSX VENTURE:PPI) (the "Company") is pleased to announce that, further to its news releases dated December 16 and 29, 2011, it has now closed the non-brokered private placement consisting of 41,666,425 units (each a "Unit') of the Company, at a subscription price of $0.18 per Unit, for gross proceeds of $7,499,956.50 (the "Offering").
Marketwire - Mining and Metals | January 13, 2012 | 1:30 pm

Crosshair Announces Initial Uranium Resource at Juniper Ridge

Crosshair Energy Corp. (TSX:CXX)(NYSE Amex:CXZ) ("Crosshair") is pleased to announce the results of the initial independent National Instrument (NI) 43-101 Mineral Resource estimate on the Juniper Ridge Project, in southern Wyoming. The estimate includes a total indicated resource of 5.2 million pounds of uranium oxide, using a grade thickness (GT) cut-off of 0.1 %-ft (see Table 1 for tonnage and grade details).
Marketwire - Mining and Metals | January 12, 2012 | 1:30 pm

Eagle Hill Announces Flow-Through Financing

Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce a private placement financing (the "Financing"). The total issuance under the Financing will be up to 36,363,636 flow-through shares at $0.165 per flow-through share (the "Shares"), for gross proceeds of up to $6,000,000.
Marketwire - Mining and Metals | January 11, 2012 | 10:37 pm