Monday, May 30, 2016

Imperial Metals Corporation - III.t

Imperial Metals Corporation - III.t is advancing the Red Chris project, a 30,000 tonne per day copper/gold mine currently in final stage development.

The company owns and operates the Mount Polley open pit copper/gold mine, has 50% interest in both the Huckleberry open pit copper mine, and the Ruddock Creek zinc/lead project. The sole active project outside of British Columbia is the Sterling heap leach gold mine in Nevada.
On May 12, 2016 the company released News
"Imperial Metals Corporation (the “Company”) (III-TSX) reports financial results for the three months ended March 31, 2016 as summarized below and discussed in detail in the Management’s Discussion & Analysis (“MD&A”). The Company’s financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”). The reporting currency for the Company is the Canadian (“CDN”) Dollar.SELECT QUARTERLY FINANCIAL INFORMATION
Three Months Ended March 31
expressed in thousands, except share and per share amounts 2016 2015
Total revenues $136,785 $1,533
Net income (loss) $17,729 $(33,384)
Net income (loss) per share $0.22 $(0.45)
Diluted income (loss) per share $0.22 $(0.45)
Working capital deficiency (1) $173,918 $35,569
Total assets $1,450,277 $1,394,389
Total long term debt (including current portion) $863,712 $818,815
Cash dividends declared per common share $0.00 $0.00
(1)Defined as current assets less current liabilities. The March 31, 2016 amount includes $164,423 related to the senior credit facility that the Company extended on May 11, 2016.

Revenues were $136.8 million in the March 2016 quarter compared to $1.5 million in the March 2015 quarter. The increase of $135.3 million was due to revenue from the Red Chris and Mount Polley mines in the March 2016 quarter compared to the March 2015 quarter when both mines were not in commercial operations. There were five concentrate shipments in the March 2016 quarter from the Red Chris mine and two concentrate shipments from the Mount Polley mine.
      
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On August 5, 2014 the company released News

Imperial Metals puts Mount Polley on care, maintenance

"The tailings dam breach that caused a water and tailings discharge at Imperial Metals Corp.'s Mount Polley mine early Monday morning has stabilized. The company's first priority is the health and safety of its employees and neighbours, and it is relieved no loss of life or injury have been reported. The company is deeply concerned, and is working to mitigate immediate effects and understand the cause. Exact quantities of water and tailings discharged have yet to be determined. The tailings are alkaline with an average pH of 8.5 and are not acid generating.


The cause of the breach is unknown at this time. The dam is an independently engineered structure that operated within design limits and specifications. Monitoring instruments and on-site personnel had no indication of an impending breach. The Mount Polley mine has been placed on care and maintenance, and business interruption and physical damage insurers have been notified. While the damaged area is relatively small compared with the overall size of the dam, it is not known at this time how long it will take to restore operations.

We are working closely with provincial ministries, local agencies and emergency response officials. Further updates will be provided as more information becomes available."
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http://pennystockjournal.blogspot.com/2016/05/imperial-metals-corporation-iiit.html

Saturday, May 28, 2016

Eguana Technologies Inc. - EGT.v

Eguana Technologies Inc. - EGT.v is a leading supplier of power control solutions for residential and commercial energy storage systems.

Distributed energy storage systems enable higher levels of renewable energy supply and better utilization of our existing grid infrastructure.
On May 9, 2016 the company released News

"Eguana Technologies Inc. (TSX-V: EGT, OTCQB: EGTYF) continues to deploy its AC Battery energy storage appliance and demonstrate its global capabilities and application diversity as the AC Battery is integrated into an expanding range of control technologies. Eguana announced today that it has begun shipments into solar applications in Australia, and for intermediate storage installed alongside both public and home EV charging stations.










http://pennystockjournal.blogspot.com/2016/05/eguana-technologies-inc-egtv.html

Tuesday, May 24, 2016

IMPACT Silver Corp. - IPT.v

IMPACT Silver Corp. - IPT.v has two production centres on its 357-square-kilometer land package - the Guadalupe Production Centre in the north, and the Capire Production Centre in the south.

At Guadalupe, IMPACT's three underground silver mines feed a central 500-tpd processing plant.


On May 20, 2016 the company released News
IMPACT Silver Corp. ("IMPACT" or the "Corporation") is pleased to announce a brokered private placement (the "Private Placement") of a minimum of $3,000,000 worth of units (each a "Unit"), at a price of $0.57 per Unit (a minimum of 5,263,158 units). Each Unit consists of one common share and one-half of one warrant. Each whole warrant (each a "Warrant") entitles the holder to purchase one common share (each a "Share") per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

The Corporation is pleased to announce that it has appointed a syndicate of agents led by M Partners Inc. ("M Partners") and including Clarus Securities Inc. to sell the Units by way of Private Placement. As per the terms of the appointment of the syndicate of agents, the Corporation will pay a commission of 7% on the value of Units issued on the Private Placement and issue to the agents Warrants equal to 7% of the number of Units issued on the Private Placement.

The net proceeds of the Offering will be used to fund the Corporation's continued exploration and development of its silver assets in Mexico, and for general working capital purposes.
See ----->http://angrygeologist.blogspot.ca/2016/05/san-ramon-saint-or-sinner.html
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http://pennystockjournal.blogspot.com/2016/05/impact-silver-corp-iptv.html

Friday, May 20, 2016

Regulus Resources Inc. - REG.v

Regulus Resources Inc. - REG.v is advancing the flagship AntaKori Cu-Au-Ag project in northern Peru

The company is also advancing the Rio Grande Cu-Au project in Argentina.

On May 18, 2016 the company released
NEWS

"Regulus Resources Inc. ("Regulus", REG TSX.V) is pleased to announce that its wholly owned Peruvian subsidiary, Southern Legacy Peru S.A.C. (“SLP-Regulus”), has entered into binding Memorandum of Understanding (“MOU”) agreements with Compañía Minera Coimolache S.A. (“Coimolache”) and Compañía Minera Colquirrumi S.A. (“Colquirrumi”), companies that hold mineral concessions immediately adjacent to, and inter-fingering with, the SLP-Regulus AntaKori copper-gold project in northern Peru.


 These agreements will allow for mutual access, mutual rights of expansion and collaborative exploration of the project area, providing benefit to all three parties. 
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http://pennystockjournal.blogspot.com/2016/05/regulus-resources-inc-regv.html