Osisko and certain of the secured creditors have also agreed to supply an initial C$20 million of working capital to Stornoway.

The Madsen Red Lake mine is said to be the highest grade development-stage gold project.

The Eastmain Mine gold project is owned by Eastmain Resources but Benz entered into an option agreement to acquire a 100% interest in the former producing operation.

The campaign is set to be of approximately 3,000 metres in up to four holes at an estimated cost of $1.1 million.

Canadian and US researchers link the sulfur content of lunar volcanic rocks to the presence of iron sulfide deep inside the moon.

A World Nuclear Association report released on Thursday showed that world uranium production dropped from 62,200 tonnes in 2016 to 53,500 tonnes in 2018.

The Canadian billionaire investor has splashed over C$145 million on gold, silver, and nickel explorers since May.

The company drilled 32,500 metres at Colomac last year and plans at least 40,000 metres for 2019.