The $5.1 million received is part of a planned $10 million investment by Owen Hegarty's EMR Capital in Highfield Resources to develop its advanced potash projects in Spain.
Copper Fox's main asset is 100% working interest of Schaft Creek, one of the largest undeveloped copper-molybdenum-gold-silver porphyry deposits in Canada located in northwest British Columbia.
26/10/12
Copper Fox Metals closes $2.5 mln financing11/09/12
Copper Fox wraps up purchase of Sombrero Butte and Van Dyke in Arizona05/09/12
Copper Fox unveils drilling results, feasibility study for Schaft Creek expected this month03/08/12
Copper Fox extends mineralization, buys more claims at Schaft Creek25/07/12
Copper Fox Metals announces $4.03 mln private placement financing10/07/12
Copper Fox to buy Van Dyke and Sombrero Butte projects from Bell Copper18/06/12
Copper Fox issues Q2 earnings, updates Shaft Creek resource estimate06/06/12
Copper Fox says latest Schaft Creek resource points to a potential “copper district”01/06/12
Copper Fox reveals updated NI 43-101 resource at Schaft Creek, shares rally25/05/12
Copper Fox completes airborne survey, buys more landThe $5.1 million received is part of a planned $10 million investment by Owen Hegarty's EMR Capital in Highfield Resources to develop its advanced potash projects in Spain.
Having made inroads to access the eastern area of the high grade silver Bonanza Zone at the New Departure project in Montana, Black Mountain is on the cusp of first cash generative silver production.
Cougar Energy has started the Phase 1 drilling program at its Mackenzie PCI grade coal tenement that will unlock the value of the asset by helping define a maiden JORC Resource.
Besides securing offtake for iron ore produced at Nelson Bay River Iron Ore DSO Project, the agreement with Singapore’s Frost Global also provides Shree Minerals with a US$4 million advance to progress development of the project, which has low forecast OPEX of $58 per tonne for DSO product FOB Port Burnie.
With a capital raising under the belt, Vantage Goldfields is taking rapid strides in expanding its Lily and Taylors gold mines in South Africa. Its combined operations are expected to produce 30,000 ounces in 2013, and expanding to 45,000 ounces next year.
The signing of a binding term sheet agreement with the Eritrean National Mining Corporation provides South Boulder Mines with certainty as to the economic and fiscal basis under which the Colluli Potash Project can be developed, which will assist its talks with potential investors.
EMED Mining (AIM: EMED) Advanced Gold and Copper interests in Spain and Eastern Europe
Nevada Iron (ASX: NVI) Exploration, Discovery and Development
Vital Metals (ASX: VML) .
Gryphon Minerals (ASX: GRY) Advancing the Banfora Gold project in West Africa
Stellar Resources (ASX: SRZ) Advanced magnetite and tin projects in Australia