Nuinsco today announced that it has negotiated, subject to TSX approval, a non-brokered private placement of up 7,143,000 flow-through units at a subscription price of $0.14 per unit for gross proceeds of up to $1 million. Each unit consists of one common share of the Company and one-half of one warrant, each issued on a flow-through basis pursuant to the Income Tax Act (Canada). Each warrant entitles the holder thereof [...]
Nuinsco and Ocean Partners Holdings Limited today announced the appointment of Roland Horst as the Chief Executive Officer of C-Bay Minerals Inc.. C-Bay, 50% owned by each of Nuinsco and Ocean Partners, was created to advance the exploration, mining and processing assets located in and near Chibougamau, Quebec that were jointly acquired late last year.
Nuinsco today announced that drilling is planned for early March at its Diabase Peninsula uranium project. The drill program will follow up on past exploration that identified all the elements indicative of a uranium mineralizing event, including up to 707 parts per million (ppm) uranium (U).
Nuinsco Resources Limited today announced that it has elected to not exercise its option to acquire an 85% interest in UAE for Gold Minerals and Investment Company Ltd., the company that owns the J. Tobrar (Block 64) concession in north eastern Sudan. Exercise of the option would have required the payment of $4 million in Nuinsco shares.
Prairie Lake Now Royalty-FreeTORONTO, ONTARIO -- (Marketwire) -- 01/23/12 -- Nuinsco Resources Limited ('Nuinsco') (TSX: NWI) (www.nuinsco.ca) today announced that it has purchased back the 2% production royalty on its Prairie Lake phosphate and rare metals project in consideration for the issuance of 3,157,894 common shares of Nuinsco. The royalty was obtained by Stares Contracting Corp. in 2001.
Ability to Produce Distinct Niobium and Phosphorus Concentrates Will Enhance Economic Appeal
TORONTO, ONTARIO -- (Marketwire) -- 11/30/11 -- Nuinsco Resources Limited ('Nuinsco') (TSX: NWI) (www.nuinsco.ca) today announced that optimized metallurgical evaluation is underway to produce separate niobium (Nb2O5) and fertilizer-grade phosphorus (P2O5) concentrates from Prairie Lake mineralization. Already the second largest deposit of its kind in North America, this testing is designed to enhance Prairie Lake's economic viability.
TORONTO, ONTARIO -- (Marketwire) -- 11/14/11 -- Nuinsco Resources Limited ('Nuinsco' or the 'Company') (TSX: NWI) (www.nuinsco.ca) today announced that the transfer to Nuinsco and Ocean Partners Holdings Limited ('Ocean Partners') of all exploration, mining and processing assets located in and near Chibougamau, Quebec, and other assets (the 'Assets') that were formerly owned by Les Ressources Campbell Inc. and Ressources MSV (2007) Inc. ('Campbell') is now complete.
ETMI now stands at 515-630 million tonnes with continued scope for expansion
TORONTO, ONTARIO -- (Marketwire) -- 10/26/11 -- Nuinsco Resources Limited ('Nuinsco')(TSX: NWI)(www.nuinsco.ca) today announced that the Updated Exploration Target Mineralization Inventory ('ETMI') at its easily accessible, Prairie Lake rare metals project in northwestern Ontario has been increased to 515-630 million tonnes grading between 0.09-0.11% niobium (0.9 to 1.1 kg/tonne) and 3.0-4.0% phosphorus (1.2 to 1.4 kg/tonne), making it one of the largest deposits of its kind in the world.
Positive Results Enhance Overall Economic Potential of Multi-Commodity Project
TORONTO, ONTARIO -- (Marketwire) -- 10/20/11 -- Nuinsco Resources Limited ('Nuinsco') (TSX: NWI) (www.nuinsco.ca) today reported the balance of drill results from the most recent program conducted at its superbly located, readily accessible, Prairie Lake rare metals project in northwestern Ontario. The holes returned widespread and extensive niobium (Nb2O5) and phosphorous (P2O5) analyses in conjunction with tantalum and rare earths.
Strong Uranium Anomalies Further Enhance Potential for Discovery
TORONTO, ONTARIO -- (Marketwire) -- 10/06/11 -- Nuinsco Resources Limited (TSX: NWI)(www.nuinsco.ca) today announced that drill results grading up to 92 parts per million (ppm) uranium (U), in association with a number of other elements at anomalous concentrations continue to highlight the possibility of significantly anomalous uranium mineralization at its Diabase Peninsula project in Saskatchewan's Athabasca Basin.
TORONTO, ONTARIO -- (Marketwire) -- 08/30/11 -- Nuinsco Resources Limited ('Nuinsco' or the 'Company') (TSX: NWI) (www.nuinsco.ca) announced today that, further to its press release dated August 4, 2011, it has completed the balance of its non-brokered private placement financing by issuing 2,608,635 flow-through units (each, a 'Unit') at a subscription price of $0.15 per Unit. The Company has issued a total of
TORONTO, ONTARIO -- (Marketwire) -- 08/04/11 -- Nuinsco Resources Limited ('Nuinsco' or 'the Company') (TSX: NWI) (www.nuinsco.ca) today announced the closing of two tranches of a non-brokered private placement financing of 7,391,365 flow-through units at a subscription price of $0.15 per flow-through unit. The Company raised gross proceeds of $1,108,704.75. The two tranches occurred on July 29, 2011 and on August 3
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