Financings and bankruptcies

Looks like Cambridge House has quietly cancelled their annual Toronto show in September.   Gotta be another sign of a market bottom. []

End is near

Molycorp files for bankruptcy. [Mineweb]

High Noon

Meet the new boss….  Bankrupt Veris Gold  sells Jerritt Canyon to Sprott. [Elko Daily]   For the time being, everyone still has a job.   Should be fun watching Sprott mine gold.


The “Rebels With a Roaster” are history.

No word yet who (if anyone) wants  Ketza River Mine (YT).

Wall Street turns on nickel despite rosy forecasts. [Reuters]  JP Morgan says it’s “comfortable” with $4.50 / lb Ni.  Betcha Vale is not….

Let's short nickel.

Let’s short nickel.

Soothing encouragement for gold investors from the sell side….   World Gold Council says gold will rebound if China’s stock market crashes.  And Canacord gives clients a bunch of reasons why you gold will do well despite Fed tightening, etc.  [China Mining / Mineweb]


TerraX finishes its raise: the tally is $5.1M. [Junior Mining News]

Copper North closes $647K financing.  [Canadian Financing Bulletin]