Pan Orient Energy completed a previously announced bought deal financing of 6,870,240 common shares at a price of $6.55 per Common Share for gross proceeds of $45,000,072 on a private placement basis. The syndicate of underwriters was co-led by Raymond James Ltd. and Macquarie Capital Markets Canada Ltd. and included GMP Securities L.P., Canaccord Genuity Corp., Mackie Research Capital Corporation, Haywood Securities Inc. and Paradigm Capital Inc.

CBC reported that there will be a series of public forums held across Nunavut to guage the public’s views about uranium mining.

Alaska Pacific Energy continues to look for ways to expand its presence in the mining sector by talking to companies interested in pursuing joint ventures or a full amalgamation of interests.

New York Times says that Malaysia is placing a big bet on rare earth metals: As many as 2,500 construction workers will […]

Uranium One, the world’s largest publicly-traded uranium producer, reported on Tuesday a net loss of $142.8 million in the fourth quarter. In 2009 the company reported positive earnings of $179.8 million for the same period. The loss was attributable to a one-time charges. The company said that the carrying value of the Honeymoon Uranium Project was written down by $113.5  million due to the strengthening of the Australian dollar and increased capital expenditures.

Detour Gold Corporation has commenced a 2,000-metre diamond drilling program at Conquest's Sunday Lake Property, which is currently under joint venture option to Detour Gold.

Gabriel Resources announced that it will release its fourth quarter and year-end results for the period ending December 31, 2010 before market […]

Diamond Fields International Ltd. has been advised by Spirit Resources Sarl that it intends to acquire additional shares of the Company through an ordinary course purchase program for up to additional 5% share of DFI from time to time, over the next twelve months

Franconia shareholders have approved an agreement whereby Duluth will acquire all of the outstanding common shares of Franconia, and Franconia will become a wholly-owned subsidiary of Duluth. Franconia's assets are expected to be rolled into Twin Metals Minnesota LLC, a Duluth (60%) and Antofagasta plc (40%) joint venture.