Yahoo! Canada Finance: Industrial Metals & Minerals Industry News

The Board of Golden Dawn Minerals Inc. is firmly committed to increasing value for all Shareholders and to considering all strategic options to achiev

Fri, 16 May 2008 22:49:18 GMT

CNW Group - The Board of Golden Dawn Minerals Inc. (the "Company")(TSX-V: GOM) wishes to respond to statements contained in the Dissident Proxy Circular dated May 6, 2008 prepared by Aberdeen Gould a corporation controlled by Roger Rosmus (collectively, the "Dissident Shareholder") in connection with the Corporation's annual general meeting to be held on May 30, 2008.

Birch Mountain reports first quarter results

Fri, 16 May 2008 22:42:06 GMT

CNW Group - Birch Mountain Resources Ltd. ("Birch Mountain" or the "Company") (BMD: TSX and AMEX) today reported financial results for the first quarter ended March, 31st, 2008, and these are available on the Company's website at www. birchmountain.com, and are filed at www.sedar.com and at www.sec.gov.

Northgate files preliminary base shelf prospectus

Fri, 16 May 2008 22:41:17 GMT

CNW Group - Northgate Minerals Corporation (TSX: NGX, AMEX: NXG) today reported that the company has filed a preliminary short form base shelf prospectus with the Securities Commissions in each of the provinces and territories of Canada and a corresponding registration statement with the United States Securities and Exchange Commission.

Uranium Resources, Inc. Completes Private Offering

Fri, 16 May 2008 22:39:30 GMT

Business Wire - Uranium Resources, Inc. (NASDAQ: URRE) (“URI”), a uranium exploration, development, mining and production company, announced today the closing of a negotiated private placement transaction with institutional investors for shares of its common stock. The sale raised $14,304,300.

Golden Tag to Adopt a Poison Pill

Fri, 16 May 2008 22:20:28 GMT

Marketwire - Golden Tag Resources Ltd. ("Golden Tag" or the "Company") (TSX VENTURE:GOG) announced today that its Board of Directors has approved in principle the adoption of a Shareholder Rights Plan Agreement (the "Rights Plan").

Aquiline Announces Voting Results From Annual Meeting of Shareholders May 15, 2008

Fri, 16 May 2008 22:12:09 GMT

Marketwire - Aquiline Resources Inc. ("Aquiline" or the "Company") (TSX:AQI) is pleased to report voting results of its Annual Meeting of Shareholders ("Annual Meeting") held yesterday in Toronto, Ontario.

Champion Grants Stock Options

Fri, 16 May 2008 22:05:36 GMT

Marketwire - CHAMPION MINERALS INC. (TSX VENTURE:CHM) ("Champion" or the "Company") announces that it has set a price of $0.70 per share for the grant of stock options to acquire up to 325,000 common shares of the Company (the "Stock Options").

Radar Acquisitions Announces Termination of Term Sheet Between RPS and D&E

Fri, 16 May 2008 22:01:33 GMT

Marketwire - Timothy Bergen, President and CEO of Radar Acquisitions Corp. ("Radar") (TSX VENTURE:RAC), advises that the term sheet between RPS Fuels, LLC ("RPS") (the company Radar has formed with its joint venture partner New Energy US, LLC) and D&E Mining, LLC, to purchase the company and assets of D&E Mining, LLC, has been terminated (see press release dated January 29, 2008).

Genco Reports Results for First Quarter Ended March 31, 2008 & Provides Update on Mining Activities

Fri, 16 May 2008 21:51:08 GMT

Marketwire - Genco Resources Ltd. (TSX:GGC) announces the results for its first financial quarter ended March 31, 2008 and provides an update on mining activities during the same period.

Premium Exploration, Inc. Announces the Resignation of Robert McLeod From the Board of Directors

Fri, 16 May 2008 21:37:41 GMT

Marketwire - Premium Exploration, Inc. (TSX VENTURE:PEM) ("Premium" or the "Company") announces the resignation of Robert McLeod from its Board of Directors.

Hecla Declares Preferred Dividends, Re-Elects Directors

Fri, 16 May 2008 21:15:21 GMT

Business Wire - Hecla Mining Company (NYSE:HL) today announced that its Board of Directors has unanimously elected to declare the regular quarterly dividend of $0.875 per share on the outstanding Series B Cumulative Convertible Preferred Stock, for a total amount of approximately $138,000.

Indicator Minerals Closes $725,000 Private Placement with Munic Gems

Fri, 16 May 2008 21:11:54 GMT

Marketwire - Indicator Minerals Inc. ("IME" or "Indicator") (TSX VENTURE:IME) announced today that it has closed the previously announced (News Release 08-05, March 18, 2008) first stage private placement with Munic Gems N.V. for aggregate gross proceeds of $725,000.

Marathon Takes Up 88.79% of Discovery Shares and Extends Offer

Fri, 16 May 2008 21:11:40 GMT

CNW Group - Marathon PGM Corporation ("Marathon" or "the Company") is today confirmed its May 13, 2008 announcement that approximately 26,787,044 common shares of Discovery PGM Exploration Ltd., (PTD:TSX.V) ("Discovery") were validly deposited to the offer of Marathon (the "Offer").

BRC DiamondCore reports interim financial results for the first quarter of 2008

Fri, 16 May 2008 20:35:38 GMT

CNW Group - BRC DiamondCore Ltd. (the "Company") (TSX - "BCD"; JSE - "BCD") announces that it has filed on SEDAR at www.sedar.co m its unaudited interim consolidated financial statements as at and for the three month period ended March 31, 2008 and the related management's discussion and analysis.

Star Uranium Corp. Announces Closing of Private Placement

Fri, 16 May 2008 20:27:38 GMT

CNW Group - Star Uranium Corp. (SUV-TSX Venture) (the "Corporation") is pleased to announce the closing of its private placement of 10,000,000 units (the "Units") at a price of $0.135 per unit for total proceeds of $1,350,000.00.

Petrolympic to Acquire a 30% Interest in All Squatex Properties

Fri, 16 May 2008 20:18:50 GMT

CNW Group - Petrolympic Ltd. ("Petrolympic" or the "Company") (TSX VENTURE: PCQ.V) is pleased to announce that it has entered into a binding letter of agreement (the "Agreement") with Ressource & Energie Squatex inc. ("Squatex") pursuant to which Petrolympic will acquire a 30% legal and beneficial interest in 36 exploration permits totaling 672,438 hectares in the St.

Rye Patch Announces Follow-Up Private Placement

Fri, 16 May 2008 20:17:21 GMT

Marketwire - Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT) ("Rye Patch" or the "Company") announces that it intends to proceed with a follow-up financing of up to an additional 1 million common shares at a price of $0.25 per share.

Largo Resources Ltd. Announces Private Placement Financing

Fri, 16 May 2008 20:08:40 GMT

Marketwire - Largo Resources Ltd. (TSX VENTURE:LGO) announces that the Corporation has entered into an agreement with Cormark Securities Inc. as lead agent and a syndicate of agents comprising Fraser Mackenzie Limited, Macquarie Capital Markets Canada Ltd. and Clarus Securities Inc. to sell on a best efforts basis up to $10,000,000 of units.

Bonal International, Inc. Renews Employment Agreement with President A. George Hebel

Fri, 16 May 2008 20:07:33 GMT

PRNewswire - Bonal International, Inc.'s (OTC: BONL) Board of Directors today announced that it has signed a two-year employment agreement with A. George Hebel, its president. The contract is effective April 1, 2008 and is renewable year to year.

International Royalty Corporation - Annual General & Special Meeting of Shareholders Conference Call & Webcast

Fri, 16 May 2008 20:02:01 GMT

CNW Group - International Royalty Corporation (TSX: IRC; AMEX: ROY) ("the Company" or "IRC") invites you to participate in its Annual General and Special Meeting of Shareholders conference call and webcast.

Victory Nickel Announces First Quarter Financial Results, Provides Update of Activities

Fri, 16 May 2008 20:00:34 GMT

Marketwire - Victory Nickel Inc. ("Victory Nickel" or the "Company")(TSX:NI)(www.victorynickel.ca) today announced financial results for the three months ended March 31, 2008.

Nuinsco Reports Q1 2008 Financial Results, Provides Summary of Activities

Fri, 16 May 2008 20:00:32 GMT

Marketwire - Nuinsco Resources Limited (TSX:NWI)(www.nuinsco.ca) today announced financial results for the three-month period ended March 31, 2008.

Frontier Pacific Adopts Shareholder Rights Plan

Fri, 16 May 2008 19:56:11 GMT

Marketwire - Frontier Pacific Mining Corporation ("Frontier Pacific" or the "Company") (TSX VENTURE:FRP) announced today that its Board of Directors (the "Board") has adopted a Shareholders Rights Plan (the "Rights Plan").

Breakwater Says Blue Note Lawsuit Unfounded

Fri, 16 May 2008 19:53:59 GMT

Marketwire - Breakwater Resources Ltd. (TSX:BWR), in a response to a Statement of Claim filed by Blue Note Mining Inc. yesterday, believes the lawsuit filed by Blue Note is unfounded and wholly without merit.

NCI Building Systems Second Quarter Fiscal 2008 Conference Call on the Internet

Fri, 16 May 2008 19:31:18 GMT

PRNewswire - NCI Building Systems, Inc. (NYSE: NCS) will provide an online, real-time webcast and rebroadcast of its conference call for the 2008 second quarter results and outlook on Tuesday, June 3, 2008.

Marathon Announces Exercise of Over-Allotment Option for Warrants in Connection with its Unit Financing

Fri, 16 May 2008 19:28:24 GMT

CNW Group - Marathon PGM Corporation ("Marathon" or "the Company") is pleased to announce that the syndicate of underwriters led by TD Securities Inc., and including Blackmont Capital Inc. has exercised its 15% over-allotment option to acquire 326,250 warrants at a price of $0.56 per warrant for aggregate gross proceeds of $182,700 in connection with Marathon's previously announced $20,010,000 public offering of 4,350,000 units.

Athabasca Minerals Inc.: Grant of Options

Fri, 16 May 2008 19:23:41 GMT

Marketwire - Athabasca Minerals Inc. (TSX VENTURE:ABM) (the "Company") is pleased to announce the Company has granted 100,000 options at an exercise price of $0.40 to an executive officer.

WCI Steel, Inc. Announces Agreement to Sell Company to OAO Severstal

Fri, 16 May 2008 19:07:32 GMT

PRNewswire - WCI Steel, Inc. (OTC: WCIS) today announced that its Board of Directors has approved and the Company has entered into a definitive agreement to sell the Company to OAO Severstal (LSE:SVST; RTS: CHMF) at a price of about $3.29 per share.

Patrician Diamonds Inc. Completes Private Placement

Fri, 16 May 2008 19:07:24 GMT

Marketwire - Patrician Diamonds Inc. (TSX VENTURE:PXC) ("Patrician" or the "Company") is pleased to announce the completion of a private placement of $800,000 through the issuance of 8,000,000 flow-through units (the "FT Units") at $0.10 per FT Unit to the MineralFields Group.

Pacific Cascade receives results from first hole on Brewster Lake claims

Fri, 16 May 2008 18:58:47 GMT

CNW Group - Pacific Cascade Minerals Inc. (the "Company") advises that it has received the assay results from Drill Hole No.

A. M. Castle & Co. to Present at Barrington Research's Industrial Growth Conference

Fri, 16 May 2008 18:37:30 GMT

PRNewswire - A. M. Castle & Co. (NYSE: CAS), a global distributor of specialty metal and plastic products, value-added...

Vena Resources Reports 2008 Second Quarter Financial Results

Fri, 16 May 2008 18:24:03 GMT

Marketwire - Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R) filed its second quarter financial and operating results on May 15, 2008 for the three months ended March 31, 2008.

Severstal Announces Agreement to Acquire WCI Steel

Fri, 16 May 2008 18:12:31 GMT

PRNewswire - OAO Severstal (LSE: SVST; RTS: CHMF; "the Company"), one of the world's leading metals and mining companies, today announced that it has reached a binding agreement to purchase WCI Steel (OTC: WCIS), a market leader in the production of value-added steel products based in Warren, Ohio.

International Royalty Corporation reports first quarter results

Fri, 16 May 2008 18:02:46 GMT

CNW Group - International Royalty Corporation (AMEX: ROY, TSX: IRC) (the "Company") today reported its first quarter 2008 financial results.

Rye Patch Closes $1.25 Million Private Placement

Fri, 16 May 2008 17:30:38 GMT

Marketwire - Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT) ("Rye Patch" or the "Company") announces that it has completed a non-brokered private placement of 5 million common shares at a price of $0.25 per share for gross proceeds of $1.25 million.

StrataGold appoints Executive Chairman

Fri, 16 May 2008 16:53:08 GMT

CNW Group - StrataGold Corporation (SGV-TSX) is pleased to announce the appointment of Mr. Roman Friedrich III as...

Anglo Celtic Ltd. Increases its Holdings of Strongbow Exploration Inc.

Fri, 16 May 2008 16:47:47 GMT

Marketwire - D. Grenville Thomas announces that he has acquired, through Anglo Celtic Exploration Ltd., ownership...

Strongbow Exploration Inc.: Non-Brokered $300,000 Private Placement Closed

Fri, 16 May 2008 16:36:54 GMT

Marketwire - Strongbow Exploration Inc. (the "Company") (TSX VENTURE:SBW) is pleased to announce that the non-brokered private placement of 750,000 flow-through units of the Company previously announced on May 14, 2008 has closed.

Cabo to drill International Millennium Cobalt Area property in Ontario

Fri, 16 May 2008 16:20:29 GMT

PRNewswire - Cabo Drilling Corp., (TSX-V: CBE) ("Cabo" or the "Company") Ontario Division, has signed a drilling contract with International Millennium Mining Corp. (IMMC) for an initial 2,500 meters of diamond drilling near the Waldman mine on IMMC's Cobalt Area Property in Ontario.

J.A.G. Mines Ltd.: Report 51101A1-A2 on Sedar

Fri, 16 May 2008 16:08:41 GMT

Marketwire - J.A.G. Mines Ltd. (TSX VENTURE:JML.V) wishes to announce that it has filed the annual information provided...

Unigold Inc. Exploration Update Juan del Bosque Project, Dominican Republic

Fri, 16 May 2008 15:50:44 GMT

Marketwire - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to provide an exploration update on the Juan del Bosque project located on its 226 km2, 100% owned Neita Property in western Dominican Republic.

Geo Announces Board and Advisory Board Additions

Fri, 16 May 2008 15:48:59 GMT

Marketwire - GEO MINERALS LTD. ("Geo" or the "Company") (TSX VENTURE:GM) is pleased to welcome the following additions to its Board of Directors and Advisory Board.

Campbell Resources announces a $2.5 million financing

Fri, 16 May 2008 15:25:06 GMT

CNW Group - Campbell Resources Inc. (TSX: CCH, OTC Bulletin Board: CBLRF) ("Campbell") is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of up to 20,833,334 flow-through common shares priced at $0.12 per flow-through common share, for total proceeds of up to $2,500,000.

Penn Virginia Resource Partners, L.P. To Present at the 2008 MLP Investor Conference

Fri, 16 May 2008 15:15:40 GMT

Business Wire - Penn Virginia Resource Partners, L.P. (NYSE:PVR) today announced that it will make an investor presentation at the 2008 Master Limited Partnership Investor Conference on Wednesday, May 21, 2008 in New York at 9:00 a.m.

European Minerals Corporation: Changes in Directors' Share Interests

Fri, 16 May 2008 15:01:44 GMT

Marketwire - European Minerals Corporation (TSX:EPM)(AIM:EUM) -

Adriana Appoints Michael Petrina Vice President Operations

Fri, 16 May 2008 14:56:29 GMT

Marketwire - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI)(WKN:A0F7EL) is pleased to announce the appointment of Michael Petrina as the Vice President of Operations of the Company.

Rio Tinto Announces a Resource Increase of 628 Million Tonnes at Kennecott Utah Copper

Fri, 16 May 2008 14:33:23 GMT

Business Wire - Rio Tinto has further strengthened its global copper resources with the upgrade of mineral resources to 637 million tonnes at 0.48 per cent copper at its wholly owned Kennecott Utah Copper Bingham Canyon Mine. The resource is located beneath the current Bingham Canyon pit, and is currently under study for extraction by open pit mining methods.

Wanderport Corporation Undertakes New Economic and Administrative Initiatives

Fri, 16 May 2008 14:21:35 GMT

Business Wire - Wanderport Corporation (Pink Sheets:WDRP) has today disseminated its investment in a new oil and gas project.

Southern Hemisphere Mining Limited: Drilling at El Arrayan Project Intersects Copper Porhyry Mineralization

Fri, 16 May 2008 13:30:11 GMT

Marketwire - Southern Hemisphere Mining Limited (TSX VENTURE:SH) ("Southern Hemisphere" or the "Company"), is pleased to announce that the first two drill holes at its El Arrayan project has intersected copper mineralization confirming the expectation of a copper porphyry.

Vaaldiam Reports First Quarter Results

Fri, 16 May 2008 13:26:50 GMT

Marketwire - Vaaldiam Resources Ltd. (TSX:VAA) has announced its financial and operating results for the first quarter ended March 31, 2008.

Northern Freegold Receives Final 2007 Assay Results and Completes First 1,000 m of 25,000 m Diamond Drill Program at Freegold Mountain Project, Yukon

Fri, 16 May 2008 13:10:13 GMT

Marketwire - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce it has received the final 2007 assay results and completed the first 1,000 m of drilling in the Nucleus Zone on the district scale 166 square km Freegold Mountain project in the Yukon Territory.

Atlas Energy Resources, LLC Increases Public Offering To 1.8 Million Common Units

Fri, 16 May 2008 13:07:19 GMT

Business Wire - Atlas Energy Resources, LLC (NYSE: ATN) (“Atlas Energy”) announces today that it has increased its previously announced public offering of 1.6 million common units representing Class B limited liability company interests to 1.8 million common units.

Drilling Commenced at International Millennium Cobalt Area Property

Fri, 16 May 2008 13:00:39 GMT

Marketwire - International Millennium Mining Corp. ("IMMC" or the "Company") (TSX VENTURE:IMI)(FRANKFURT:L9J) has commenced diamond drilling in an area near the Waldman mine on its Cobalt Area Property in north eastern Ontario.

U308 Corp. Announces Cancellation of Stock Options

Fri, 16 May 2008 13:00:15 GMT

Marketwire - U3O8 Corp. (TSX VENTURE:UWE), a Canadian junior uranium exploration company, today announced that the independent directors and a former director of U3O8 Corp. have agreed to the cancellation of 650,000 stock options.

Nucor Announces Promotion of Rex Query to President of Nucor Europe

Fri, 16 May 2008 13:00:10 GMT

PRNewswire - Nucor Corporation (NYSE: NUE) announced the promotion of Rex Query to the position of President of Nucor Europe, a new senior management position, effective June 1, 2008.