Looks like Cambridge House has quietly cancelled their annual Toronto show in September. Gotta be another sign of a market bottom. [CEO.ca-chat]
Molycorp files for bankruptcy. [Mineweb]
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.
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….
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]