Posts by Marketwire - Mining and Metals:

Pele Mountain enters agreement to acquire rare earth mining claims surrounded by Molycorp, 1800 metres from the Mountain Pass Mine

TORONTO, ONTARIO--(Marketwire - March 6, 2012) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today announced that it has entered into a binding Purchase and Sale Agreement (the "Agreement") to purchase 11 contiguous mining claims (the "Simon Rare Earth Claims"), which are surrounded by Molycorp's Mountain Pass rare earth property in south-eastern California.
Marketwire - Mining and Metals | March 6, 2012 | 2:00 pm

Energold announces $20 million bought deal financing

Energold Drilling Corp. (TSX VENTURE:EGD) ("Energold ") is pleased to announce that it has entered into an agreement pursuant to which a syndicate of underwriters led by TD Securities Inc. (the "Underwriters") has offered to purchase, on a bought deal private placement basis, 3,900,000 common shares (the "Shares") of Energold at a price of $5.20 per Share for gross proceeds of $20,280,000 (the "Offering").
Marketwire - Mining and Metals | March 5, 2012 | 9:14 pm
Sweeping changes to Myanmar mining laws planned

Catalyst Resource Group signs definitive agreement to acquire gold concession in Laos

Catalyst Resource Group (OTCQB:CATA) (PINKSHEETS:CATA), a company engaged in innovative processing technologies to extract gold and platinum group metals, today announced that Company has signed a Definitive Agreement to acquire an 80% equity interest of Laos Minerals Mining, Inc.'s ownership in a 68-km2 gold concession known as the San 8 and San 60 areas of the Somsanouk Village, Sanakham District, Vientiane Province, Lao People's Democratic Republic, in exchange for cash and monetary commitments to further explore and develop this project in the near future.
Marketwire - Mining and Metals | March 5, 2012 | 1:30 am

Western Areas acquires 100% of Lounge Lizard and Kagara’s nickel assets

The Board of Western Areas is pleased to announce the Company has reached agreement with Kagara Limited ("KZL") to purchase 100% of Kagara Nickel Pty Ltd ("Kagara Nickel") including the high grade Lounge Lizard nickel deposit for A$68 million. The Lounge Lizard deposit is located adjacent to Western Areas' 100% owned Flying Fox nickel mine at the Forrestania Nickel Project.
Marketwire - Mining and Metals | March 5, 2012 | 12:47 am

North Springs Resources Receives Positive Independent Review of Producing Gold and Silver Properties in Chihuahua Mexico

North Springs Resources Corp. (OTCBB:NSRS) (PINKSHEETS:NSRS) (the "Company" or "North Springs") is pleased to announce that it has received the final draft of a positive geological review regarding the Company's recently acquired 10% interest in an option on various producing gold and silver properties in Chihuahua, Mexico.
Marketwire - Mining and Metals | March 4, 2012 | 11:00 pm

Xmet to expedite acquisition of 100% interest in Duquesne-Ottoman Project (853,000 ounces Au and growing)

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME)(OTCQX:XMTTF) is pleased to announce that it has signed a New Option Agreement with Globex Mining Enterprises Inc. and Geoconseil Jack Stoch Ltee which allows the Company to now acquire a 100% interest in the Duquesne-Ottoman rather than the 75% provided for in the current Xmet Inc.
Marketwire - Mining and Metals | March 4, 2012 | 2:00 am