Mining

Zenyatta Ventures announced June 25 that a warrant exercise has yielded gross proceeds of $12.6 million for exploration at its graphite project near Hearst.

Coventry Resources has filed a mineral resource estimate for its Dogpaw gold deposit in northwestern Ontario.

Pele Mountain Resources has updated its NI 43-101 resource estimate for its Eco Ridge Mine project in Elliot Lake. The inferred resource tonnage has been increased to 36.56 million tonnes, at an increased average grade of 0.

Zoë Yujnovich, president and CEO of the Iron Ore Company of Canada is the new chair of the Mining Association of Canada (MAC). In a June 19 release, the association announced Yujnovich is the first female chair in its 78-year history.

Augustine Ventures announced June 21 that it has entered into a financing arrangement with IBK Capital to raise up to $600,000 in financing for its Wawa Gold project.

North American Palladium announced June 19 that it has closed the first $10-million tranche of a private placement of flow-through shares for exploration work at its Lac des Iles mine near Thunder Bay .

Wesdome Gold Mines announced that it's fast tracking upgrades to its milling facility near Wawa. Kappes, Cassiday & Associates, global milling experts from Reno, NV. are the consultants.

Prophecy Platinum has completed a $5.9-million equity financing deal, part of which will go towards studies at the company’s Shakespeare PGM-nickel-copper property located west of Sudbury.

Results from drilling at Probe Mines’ Borden Gold project near Chapleau have been released and show potential for an underground operation.

While Cliffs Natural Resources has suspended work on its Black Thor environmental assessment (EA), its Ring of Fire neighbour, Noront Resources, announced its “good to go” on its Eagle's Nest Project and intends to submit its EA to the government thi