Industry News

Landore Resources Limited is pleased to provide this progress report on extension drilling of the BAM East Gold prospect on its Junior Lake Property, Ontario, Canada. Final results have been received from the recently completed drilling campaign on the BAM East Gold Prospect:. Drilling results have reported wide zones of near surface gold mineralisation with drill-hole 0416-541 reporting 56.86 metres at 1.60 grams/tonne gold including 4.00 m at 5.17..."/>
Landore Resources Limited - Drilling Progress Report BAM East Gold Prospect Junior Lake Property
BP Plc sold a 8.53% stake in lubricant maker Castrol India bringing down its shareholding to 51%. "BP has undertaken a strategic portfolio review to optimise the deployment of capital across different businesses," the company said in an emailed statement. Castrol India shares rose 8.79% to Rs459.60, while the benchmark BSE Sensex shed 0.39% to 28,523.20 points."/>
BRIEF: BP sells 8.53% stake in Castrol India; shareholding at 51% now [Mint, New Delhi]
CSR spending picks up in FY16 [Mint, New Delhi]
Reliance Infrastructure Ltd has applied to the capital markets regulator to register an infrastructure investment trust for its toll road projects, two people aware of the development said. InvITs manage income-generating infrastructure assets, offering investors a regular yield and a liquid method to invest in infrastructure projects. Developers can use the long-term funds raised to unlock value in completed projects or repay debt associated with them."/>
Reliance Infrastructure files papers with Sebi for InvIT [Mint, New Delhi]
Bayer AG on Tuesday launched a mandatory open offer to buy up to 26% additional stake in Monsanto India for more than Rs.1, 100 crore, as per a stock exchange filing. Bayer said it will buy up to 4,488,315 equity shares of Monsanto India from public shareholders at Rs.2, 481.60 each, 4% above its Tuesday closing price of Rs.2, 390 on the BSE. Bayer, maker of Aspirin, Alka-Seltzer, Claritin, Coppertone sunscreen and Xarelto, last..."/>
Bayer makes offer for Monsanto India stake [Mint, New Delhi]
Glencore Coal Queensland Pty Ltd, upon receiving certain approvals, Adani said in a statement. Adani and Glencore have been engaged in a legal battle for control of the..."/>
Adani Ports inks pact to acquire Australia's Abbot Point Bulkcoal [Mint, New Delhi]
Castrol India Ltd witnessed a series of block deals on Tuesday, in which around 42.20 million shares or 8.5% stake in the company changed hands, Bloomberg reported. Details of buyers and sellers were not available. Shares of Castrol India opened sharply higher after the Bloomberg report said that BP Plc. is selling 8.5% stake in Castrol India Ltd in a block trade."/>
BRIEF: Castrol India jumps 8.79% as BP sells 8.5% stake in block trade [Mint, New Delhi]
Pitchblack Resources Ltd. has closed its previously announced non-brokered private placement financing of 1,183,000 Pitchblack common shares at a price of $0.13 per share for gross proceeds of $153,790.. Pitchblack intends to use the proceeds for general corporate purposes and to maintain its mineral properties in good standing."/>
Pitchblack Closes Private Placement
Fortress Paper Ltd. announces today that in connection with its previously reported normal course issuer bid, which commenced on September 6, 2016, Fortress Paper has entered into an automatic securities purchase plan with its designated broker in order to facilitate purchases of its common shares under the Bid. The Plan allows for purchases by Fortress Paper of common shares at any time including, without limitation, when the Company..."/>
Fortress Paper Announces Automatic Share Purchase Plan Pursuant to Its Normal Course Issuer Bid
Era Resources Inc. is pleased to announce that it has entered into an amending agreement with its major shareholder, Sentient Executive GP IV Limited, acting for the general partner of Sentient Global Resources Fund IV L.P., to extend the maturity of the outstanding first two series of debentures of the Company held by Sentient that were previously set to mature on September 30,..."/>
Era Resources Inc. Announces Debenture Amending Agreement With Major Shareholder
Mawson Resources Limited announces the Supreme Administrative Court of Finland has comprehensively rejected an appeal by the Finnish Nature Conservation Association which now allows Mawson the right to actively explore the Kairamaat 2 and 3 exploration permits, which cover the Rajapalot and Palokas prospects in Northern Finland. The decision is non-appealable and the exploration permits gain immediate legal force. The Finland Supreme..."/>
Court rejects NGO appeal, Mawson plans substantial drill program
IBC Advanced Alloys Corp., a leading beryllium and copper advanced alloys company, issues a reminder to investors and others to register for Company's conference call and webcast, scheduled to begin on Wednesday, Sept. 21, 2016, at 10 a.m. The conference call and webcast will feature Major General Duncan Heinz, President, CEO, and Director of IBC, and Mark A. Smith, a member of the IBC Board of Directors, Executive Chairman and CEO of NioCorp Developments Ltd.,..."/>
REMINDER: IBC Advanced Alloys Conference Call and Live Webcast Tomorrow, Wed., Sept. 21, 2016
Trecora Resources, a leading provider of high purity specialty hydrocarbons and waxes, today announced that Sami Ahmad will be appointed to the position of Chief Financial Officer, replacing Connie Cook, effective October 1, 2016. Cook will remain as Treasurer and Secretary with the added title of Vice President of Accounting and Compliance. Ahmad joins Trecora from Armada Water Assets, Inc. where he was Chief Financial Officer and..."/>
Trecora Resources Appoints Sami Ahmad as Chief Financial Officer
Aldridge Minerals Inc. announces that the Company has granted 807,000 stock options to certain directors, officers, consultants, and employees of the Company. The options are exercisable at a price of $0.285 per common share and expire in 5 years. One quarter vest immediately upon grant and one quarter vest on each of the first, second, and third anniversaries."/>
Aldridge Grants Stock Options
AK Steel Announces Third Quarter 2016 Earnings Date
Nucor Corporation announced that it is adding an additional cold mill at its Nucor Steel Arkansas division. The specialty cold mill complex will expand Nucor's capability to produce advanced high-strength, high-strength low-alloy, and motor lamination steel products. The mill will cost an estimated $230 million to build and is expected to be operational in approximately two years."/>
Nucor to Build Specialty Cold Mill Complex at its Arkansas Sheet Mill
PolyMet Mining Corp. is pleased to announce a $10 million private placement. The private placement shall be 13,333,333 Units, at a price of US $0.75 per Unit for gross proceeds of US $10,000,000."/>
PolyMet Announces US$10 Million Private Placement
PolyMet Mining Corp. announced today that it intends to offer 13,333,333 Units, at a price of US $0.75 per Unit for gross proceeds of US $10,000,000 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 as amended. Each Unit will consist of one common share and one half of one Common Share purchase warrant, exercisable for one Common Share for US $1.00 per Warrant Share for a period beginning 6 months..."/>
PolyMet Announces US$10 Million Private Placement
MDN Inc. announces that the Company has filed Articles of Amendment effecting its name change to Les metaux Niobay inc./ Niobay Metals Inc. and will proceed with the consolidation of its Common Shares on the basis of five pre-consolidation Shares for one post-consolidation Share. The Name Change and the Consolidation were approved by special resolutions of the Company's shareholders at the special meeting of Shareholders held on September 1,..."/>
MDN Announces Name Change, New Stock Symbol and Share Consolidation
IKONICS Corporation, a Duluth-based imaging technology company, announced its Phase II ribbon cutting scheduled for Thursday, September 22 at 3:00 pm on the site of the company’ s 11 acre property in Morgan Park. The new, 27,300 square-foot structure contains a 20,500 square-foot production floor that houses the IKONICS Advanced Material Solutions business unit in addition to offices and ancillary facilities. IKONICS AMS serves the aerospace and..."/>
IKONICS Ribbon Cutting Celebrates Aerospace Expansion

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