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(31) stories found containing 'electrum group'


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  • Lady Justice court gavel Novagold sues JCap for short and distort mining scam

    Novagold sues J Capital for short report

    Shane Lasley, Metal Tech News|Updated Sep 26, 2020

    Novagold Resources Inc. is taking the offensive against J Capital Research USA LLC, a company that released a fallacious report on Novagold in what is being considered a "short-and-distort" attack against the company that owns a 50% stake in the 39-million-ounce Donlin Gold project in Southwest Alaska. Basically, a short-and-distort scheme is when an investor or group of investors takes a short position in a company – a means of profiting from the decline of a company's s...

  • Novagold VP Hennessey CEO Lang Chairman Tom Kaplan NYSE Bell

    Gold is Holy Grail of resource investing

    Shane Lasley, Mining News|Updated Sep 26, 2020

    As the largest shareholder and chairman of Novagold Resources Inc., a company that owns 50% of the 39-million-ounce Donlin Gold project in Alaska, it is natural for New York billionaire Thomas Kaplan to elucidate potential investors on his predictions of coming rises in the price for an ounce of gold. The truth, however, is the renowned entrepreneur and natural resources investor is not bullish on gold because he has skin in the game. Instead, he is a major owner of the... Full story

  • 11.5 million ounce Money Knob gold deposit International Tower Hill Livengood

    ITH advances Livengood as gold prices rise

    Shane Lasley, Mining News|Updated Sep 26, 2020

    After years of quietly and efficiently optimizing a plan for Livengood, International Tower Hill Mines Ltd. is now moving ahead with new pre-feasibility study for developing a mine at the 11.5-million-ounce gold project about 70 miles north of Fairbanks, Alaska. A previous PFS completed for Livengood in 2017 outlined plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million ounces of gold over a 23-year mine life, or roughly 294,100 oz annually. The all-in...

  • Wellgreen nickel copper cobalt PGM deposit Nickel Shaw exploration Yukon

    Exploring for new Nickel Shäw deposits

    Shane Lasley, Mining News|Updated Sep 26, 2020

    Nickel Creek Platinum Corp. March 11 said it plans to carry out exploration drilling, geophysics and sampling at its Nickel Shäw (formerly Wellgreen) nickel-copper-cobalt-platinum group metals project in southwestern Yukon. To fund this work, as well as permitting and other expenses, the company plans to raise C$4.4 million through a proposed non-brokered private placement being supported by a C$2.2 million commitment from Electrum Strategic Opportunities Fund L.P., Nickel Cre...

  • VMS copper zinc silver barite exploration near Haines AK

    Electrum to invest $6 million in Constantine

    Updated Sep 25, 2020

    Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...

  • Trilogy Metals Northwest Alaska copper, zinc, silver, gold deposit South32 NANA

    Trilogy raises funds for advancing Ambler

    Shane Lasley, Mining News|Updated Sep 24, 2020

    A US$28.7 million financing that closed today provides Trilogy Metals Inc.the funds to take major strides in achieving its goal of beginning to develop the vast mineral potential that the world-class Ambler Mining District in Northwest Alaska has to offer. In a deal announced on April 16, a syndicate of underwriters led by Cantor Fitzgerald Canada Corp. –including Cormark Securities Inc., BMO Capital Markets and Roth Capital Partners – has agreed to buy on a bought deal, und...

  • Kotzebue National Geographic TRI article Red Dog Environmental Protection Agency

    Alaska exploration mirrors global trend

    Curt Freeman, Special to Mining News|Updated Sep 24, 2020

    In 2017 Alaska’s mineral exploration industry saw its first up-tick in exploration spending since 2011, an increase that S&P Global Market Intelligence’s “World Exploration Trends” indicates was mirrored on the world-wide level. According to S&P’s data, the worldwide exploration industry spent $8.4 billion in 2017, the first such increase in spending since 2012. S&P also forecast a 15-20 percent increase in exploration spending for 2018 as well. The study also showed that dema... Full story

  • ITH raises $12M; Electrum a major buyer

    Updated Sep 24, 2020

    International Tower Hill Mines Ltd. March 14 announced that it has raised US$12 million to continue the optimization and environmental baseline studies for its Livengood gold project in Interior Alaska, and for general working capital purposes. "I am pleased to continue the technical work that can potentially improve and certainly will serve to de-risk the Livengood gold project," said Tower Hill CEO Karl Hanneman. "ITH has unique and positive fundamentals, given our land stat...

  • Tower Hill advances Livengood optimization

    Shane Lasley, Mining News|Updated Aug 14, 2020

    International Tower Hill Mines Ltd. continued metallurgical work to define and refine the project flowsheet for its Livengood gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. A pre-feasibility study (PFS) completed for Livengood in 2017 outlines plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million ounces of gold over a 23-year mine life, or roughly 294,100 oz annually. This is based on 392 million metric tons of...

  • Mining Explorers 2018: 10 years of telling the North's mineral exploration story

    Updated May 31, 2019

    Welcome to the 10th anniversary of Mining Explorers! While there have been tectonic shifts in the mineral exploration markets over the past decade, two things have remained rock solid – mining explorers continue to uncover the vast mineral resources across Alaska and Canada's North and North of 60 Mining News has been here to tell their story. With the price for an ounce of gold pushing above US$1,300 to ring in the new year – along with zinc and copper selling at mul... Full story

  • Mining Explorers 2018 Alaska Yukon Nunavut mining and mineral exploration

    Electrum Group funds strategic exploration

    Shane Lasley, Mining News|Updated Mar 1, 2019

    Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo... Full story

  • Volcanogenic massive sulfide copper zinc barite silver gold exploration

    ME2018: Constantine Metal Resources Ltd.

    Updated Nov 23, 2018

    Constantine Metal Resources Ltd. continues to advance its flagship property, the Palmer copper-zinc-silver-gold-barite project near the port-town of Haines in Southeast Alaska, as it looks to create a new vehicle to carry its gold properties in Alaska, Yukon Territory and Ontario. The roughly US$9 million exploration program at Palmer is being funded by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent). A new resour... Full story

  • 12.5 million ounce Money Knob gold deposit Interior Alaska

    ME2018: International Tower Hill Mines Ltd.

    Updated Nov 1, 2018

    International Tower Hill Mines Ltd. continued optimization and environmental baseline studies at Livengood, an 11.5-million-ounce gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. To fund this work, the Alaska-based exploration company raised US$12 million through a non-brokered private placement that involved issuing 24 million shares at US50 cents each. Electrum Strategic Opportunities Fund II, a new International Tower Hill Mines... Full story

  • Open pit heap leach gold mine development project Dublin Gulch Yukon

    ME2018: Victoria Gold Corp.

    Updated Oct 26, 2018

    Victoria Gold Corp. is transitioning from mining explorer to developer with its sights firmly locked on building Yukon Territory's next mine. Toward this goal, the company signed paperwork with Orion Mine Finance, Osisko Gold Royalties Ltd. and Caterpillar Financial Services Ltd. that pulls together a roughly C$505 million financing package – enough to complete development of the Eagle Gold Mine project on its Dublin Gulch property in Yukon. This financing package involves two... Full story

  • Mining Explorers 2016: Wellgreen Platinum Ltd.

    Updated Feb 3, 2018

    Wellgreen Platinum Ltd. is endeavoring to develop a mine at its namesake platinum group metals-copper-nickel project located near the Alaska Highway in southwestern Yukon Territory. Towards this goal, the company completed a C$14.1 million financing early in 2016. Electrum Strategic Opportunities Fund, the sole subscriber to the private placement, purchased 70.5 million Wellgreen shares at C20 cents per share. The company raised another C$2 million in a separate private placement at C30 cents per share. An updated... Full story

  • Electrum nabs major share of Victoria Gold financing

    Updated Jan 27, 2018

    Victoria Gold Corp. April 20 reported plans to raise C$24 million through a private placement of 80 million units at C30 cents each. Electrum Strategic Opportunities Fund L.P. has subscribed to 60 million of the offered units and Sun Valley Gold LLC has subscribed to the remaining 20 million units. Upon closing of the private placement, Electrum is expected to own roughly 13.6 percent of Victoria Gold's issued and outstanding shares while Sun Valley, already a significant shareholder, will increase its ownership to around 18...

  • NovaCopper arranges creative financing

    Shane Lasley, Mining News|Updated May 3, 2015

    In a move that provides the cash needed to advance a feasibility study for the Arctic project in Northwest Alaska, NovaCopper has agreed to purchase Sunward Resources Ltd., a Vancouver, B.C.-based mining exploration company with a copper-gold asset in Columbia and roughly US$20 million in the bank. Over the several weeks leading up to the April 23 announcement of the potential merger, the value of Sunward's stock has hovered at roughly US$13 million, substantially less than...

  • Betting on Alaska

    Shane Lasley, Mining News|Updated Mar 1, 2015

    American billionaires John Paulson, Seth Klarman and Thomas Kaplan have taken a keen interest in Alaska's next generation of gold and copper mines. While it is natural for hedge fund managers such as Paulson and Klarman, and resource investors such as Kaplan, to hold mining stocks in their portfolios, this trio holds major positions in three of the top Alaska-focused mineral exploration and development companies. In fact, the companies founded and managed by these...

  • NovaCopper regroups, resamples Bornite

    Shane Lasley, Mining News|Updated Aug 31, 2014

    Indicative of the state of mineral exploration in Alaska, and around the world, no drills are turning at NovaCopper's Upper Kobuk Mineral Projects in 2014. Instead, crews crated up 12,918 meters of core from historical drilling at the northern Alaska project and shipped it to Fairbanks where it can more economically be re-logged and readied for re-sampling. At an expected cost of around US$2.7 million, this relatively modest program follows two years of exploration...

  • QE Forever expected to boost gold price

    Shane Lasley, Mining News|Updated Sep 30, 2012

    As gold topped US$1,775 per ounce in September, banks and billionaires predicted the safe-haven metal will continue to rocket upward, topping US$2,000 per ounce by early 2013. This bullish outlook is being fueled by continued quantitative easing by the U.S. Federal Reserve and central banks in Europe. "Loose monetary policies with a scope for more aggressive balance-sheet use in the U.S. and Europe will keep real rates in most reserve currencies low (or negative) in 2012,"... Full story

  • New NovaGold leaders focus on Donlin

    Shane Lasley, Mining News|Updated Dec 25, 2011

    NovaGold Resource Inc. has made tectonic shifts in its leadership and corporate structure. Shedding all of its assets except for the Donlin Gold project in Southwest Alaska, the restructured company is singularly focused on bringing this 40-million-ounce gold deposit into production by the end of the decade. Rick Van Nieuwenhuyse - who founded NovaGold and guided the exploration company through 15 years of trials and triumphs - is relinquishing NovaGold's top executive office...

  • 2010 Mining Explorers: Re-energized miners head north

    Rose Ragsdale, For Mining News|Updated Oct 31, 2010

    Efforts to build an electricity transmission line critical to economic development of northwestern British Columbia moved closer to reality in 2010. Cheered by the prospect of access to cheap power, scores of miners flocked to the region to re-activate dormant projects and scour the mountainous terrain for new discoveries. The Canadian government allocated C$130 million in funding for construction of the Northwest Transmission Line in September 2009, providing critical funding for the estimated C$404 million needed to build... Full story

  • 2010 Mining Explorers: TintinaGold Resources Inc.

    Updated Oct 31, 2010

    TAU: TSX-V President and CEO: Raj Chowdhry Chairman: Rick Van Nieuwenhuyse Vice President, Exploration: Jerry Zieg TintinaGold Resources Inc. emerged on the Alaska mining scene in 2009 when NovaGold Resources Inc. (see NovaGold Resources Inc.) rolled 397,680 acres of its early-stage exploration properties in Alaska into the Vancouver B.C.-based junior. This transaction included two gold exploration claim groups in the Kuskokwim region (Tintina gold properties and the Colorado Creek gold project) and three western Alaska base...

  • Mining Explorers 2009: NovaGold: Focused on production

    Shane Lasley, Mining News|Updated Nov 1, 2009

    The arrival of 2009 was a milestone for NovaGold Resources Inc. Emerging from a tumultuous 2008, the Vancouver, B.C.-based explorer raised badly needed capital and positioned itself to move its three advanced projects toward production. "NovaGold weathered the considerable challenges of 2008 and has emerged well-positioned to take advantage of a rising gold market and build a premier growth-focused precious metals company," NovaGold President and CEO Rick Van Nieuwenhuyse...

  • Mining Explorers 2009: Powerful allies launch Mantra

    Shane Lasley, Mining News|Updated Nov 1, 2009

    Since Mantra Mining Inc. emerged as the vehicle in which NovaGold Resources Inc. would spin off its noncore assets, the Vancouver B.C.-based junior has positioned itself to become a major player on the Alaska mining scene. In 2009 Mantra acquired whole or part interest in more than 417,000 acres of mining properties in western Alaska, assembled an impressive management team and board of directors (including two Thayer Lindsley award winners) and raised C$5 million to...

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