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Prospect Global Resources Inc ( PGRX ) |
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Mining
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Written by Editor
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Monday, 22 October 2012 09:26 |
Prospect Global Resources and Sichuan Chemical Sign $2-Billion-Plus, 10-Year Purchase and Sale Agreement for Potash
Landmark Deal Will Provide Sichuan Chemical with at Least 25% of the Output of American West Potash Project
Prospect Global Resources, Inc. (PGRX) and Sichuan Chemical Industry Holding (Group) Co., Ltd. today jointly announced a more than $2-billion agreement, over a 10-year period, under which Sichuan will purchase at least 500,000 metric tons of potash annually, or 25% of the projected output of Prospect Global's American West Potash field in Holbrook, AZ.
The conservative deal valuation reflects current market prices of about $475 per metric ton for a total of 5 million metric tons. The contract is take-or-pay, backed by a letter of credit. The agreement also provides an option for American West to sell and Sichuan Chemical to purchase an additional amount of potash.
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Mining Stock Breaking News: SilverCrest (TSX-V: SVL) ( NYSE MKT: SVLC) Announces Q3 Production 151,368 Ounces Silver & 7,184 Ounces Gold |
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Mining
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Written by Investor Ideas
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Monday, 15 October 2012 17:54 |
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VANCOUVER, BC - October 16, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX-V:SVL)(NYSE MKT:SVLC) (the "Company") is pleased to announce production figures for the third quarter of 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico.
Third Quarter Production Highlights
Silver produced oz: 151,368; 42% increase over Q3 2011
Gold produced oz: 7,184; 18% decrease over Q3 2011
Ore Tonnes crushed: 265,598; 10% increase over Q3 2011
Silver oz to pad: 413,426; 5% increase over Q3 2011
Gold oz to pad: 11,681; 35% decrease over Q3 2011 |
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Lithium Americas Corp ( LAC ) |
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Mining
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Written by Editor
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Wednesday, 15 August 2012 11:43 |
Lithium Americas Receives Environmental Approval for the Construction of the Cauchari-Olaroz Lithium-Potash Project
Lithium Americas Corp. (LAC.TO)(LHMAF) ("Lithium Americas" or the "Company"), is pleased to announce that the Provincial Environmental Agency of Jujuy Province, Argentina ("UGAM") has recommended approval of the Environmental Impact Statement ("EIS") for the construction of the Company's Cauchari-Olaroz lithium/potash project. Lithium Americas has previously obtained definitive mining title as well as secured long term land use agreements with the five aboriginal communities on which its Cauchari-Olaroz mine will be built and the reserve estimate is calculated.
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TSX Mining News: SilverCrest (SVL.V) (STVZF.PK) Reports 127.4m @ 65.6 gpt Ag Eq(i) at La Joya Expands Main Mineralized Trend to Northeast and Southwest |
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Mining
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Written by Investor Ideas
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Sunday, 06 May 2012 19:31 |
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VANCOUVER, BRITISH COLUMBIA - May 7, 2012 (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. (SVL.V) (STVZF.PK) (STVZF.PK) (the "Company") is pleased to announce the results of a further 16 holes of the Phase II drill program currently underway at its La Joya Property in Durango, Mexico. The Phase II program comprises an estimated 80 holes totaling approximately 15,000 metres. Phase II drilling to date has extended the Main Mineralized Trend ("Trend") an additional 500 meters to the northwest beyond the area of the current resource of 101.9 million ounces Ag Eq.(i) (see News release dated March 20, 2012). New results show the Trend expanding an additional 200 metres to the northeast and 100 metres to southwest with the average width increasing from 500 to approximately 700 metres along a strike length of 2,500 metres (see attached figure: here). Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya. |
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IC Potash Corp ( ICP ) |
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Mining
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Written by Editor
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Monday, 02 April 2012 08:32 |
IC Potash announces strategic investment and off-take agreement
IC Potash Corp. ("ICP" or the "Company") (TSX: ICP.TO ) (OTCQX: ICPTF.PK ) is pleased to announce that Yara International ASA ("Yara"), through a wholly owned subsidiary, has agreed to make a strategic investment of approximately C$40 million in ICP at a price of $1.32 per common share and has entered into a committed off-take agreement for the purchase of 30% of all products produced by ICP's Ochoa project in New Mexico for a period of 15 years. ICP and Yara have also agreed to discuss the possibility of establishing a jointly held entity for the purpose of marketing products produced by the Ochoa project.
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