Power Metals Corp. Inks Chinese Financing to Develop Rare Earths and Lithium

Power Metals potentially sitting on one of largest hard rock lithium pegmatite projects image

Sinomine Rare Metals Resources has provided $3 million to Power Metals Corp., a rare minerals exploration company in northeastern Ontario, through a financing agreement to develop rare earths, lithium, and other minerals. Sinomine Rare Metals Resources will hold a 5.7% interest in the Vancouver and Arizona-based junior miner.

Read more: Power Metals Corp. Inks Chinese Financing to Develop Rare Earths and Lithium

BCM Resources Resumes Drilling at Thompson Knolls Cu-Au-Mo Project

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BCM Resources recently announced that diamond drilling has resumed at its Thompson Knolls Cu-Au-Mo Project in southwestern Utah. The Company's new drilling contractor, Falcon Drilling, has begun drilling TK3a near previously drilled TK3, which reached copper-molybdenum mineralization over an interval between 452 and 558 meters.

Read more: BCM Resources Resumes Drilling at Thompson Knolls Cu-Au-Mo Project

China’s APT Price Keeps Firm Despite the Market Faces Many Uncertainties

tungsten ore image

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability when trading activity is low in the market with the approaching of the holiday of Chinese Spring Festival. 

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Argus Holds High Hopes for European Tungsten Market

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Argus believes the global tungsten market will be largely in balance in 2022, with supply chain disruptions, rising production costs, and increased global infrastructure spending likely to support prices. However, prolonged underperformance in the automotive and aerospace sectors is likely to depress demand growth, and the company has high hopes for the European market.

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Stuhini Exploration Identifies Gold, Copper, Silver, and Tungsten in Surface Sampling

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Stuhini Exploration Ltd. has defined a one-kilometer-long gold trend from the historic Adanac molybdenum resource southwest along the Thor ridge. The ridge hosts numerous veins, including the Black Diamond and Emil veins. Surface sampling along this trend has confirmed the presence of gold, copper, silver, and tungsten mineralization. Current work also intersected primary gold in two historically expropriated drill holes (AD390 and AD393) in 2008.

Read more: Stuhini Exploration Identifies Gold, Copper, Silver, and Tungsten in Surface Sampling

 

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