Fortune Minerals Limited (TSX:FT) announced the closing of the public registry for the Environmental Assessment of the Company’s NICO project. The registry was closed by the Mackenzie Valley Review Board on October 22, 2012.
Fortune Minerals Limited (TSX:FT,OTCQX:FTMDF) is a Canadian mineral development company with a diversified portfolio of advanced mineral projects in the mining-friendly jurisdictions of British Columbia (BC) and the Northwest Territories (NT).
Puget Ventures Inc.(TSXV:PVS) announced entering into an equity financing agreement. The Company entered the agreement with Haverstock Fund, LLC with an amount of $15,000,000.
Formation Metals Inc.(TSX:FCO) announced that it has entered into a cooperative effort with conservationists and local communities and will contribute $150,000 to enhance natural resources in Lemhi County, Idaho. The Company’s Conservation Action project hopes to project clean water and fish and wildlife habitats in 2012.
Formation Metals Inc.(TSX:FCO) announced that it has started processing silver and gold concentrates as it received notice of its placing on the Approved Refiners and Brands official list. The Company entered into an agreement earlier this year with the Crescent Mine to process silver concentrates.
Puget Ventures Inc.(TSXV:PVS) announced a new loan agreement. The Company entered into the agreement concerning a $500,000 loan with a private company.
Formation Metals Inc.(TSX:FCO) announced their latest financial updates. The Company will repay $34.1 million of $77.7 million in tax exempt recovery bonds.
Formation Metals Inc.(TSX:FCO) announced signing an agreement with Union Bank. Union Bank will now act as Lead Arranger for the Company’s $80 million Credit Facility.
Formation Metals Inc.(TSX:FCO) reported that plans for the 2012 drill program at Virgin River have been approved. The Company have a budget of $2.15 million for the 2012 program and plan to drill 5-6 diamond drill holes and 2-3 wedge diamond drill holes.
Formation Metals Inc. (TSX:FMO) reported construction progress at the Idaho project including commencement of geotechnical drilling, renovation of the existing ball mill and final engineering of the Cobalt Production Facility.