Avanti Mining Inc. (CVE:AVT) reports that it has entered into an off-take commitment letter with a Asian Steel producer. The press release is quoted as saying: This represents approximately 10% of the expected average annual production from the Kitsault mine during the term of the agreement. The Strategic Partner has the option to increase the off [...]
Avanti Mining Inc. (CVE:AVT) reports there was a typographical error in the press release dated August 31, 2010 in which the historical resource at the Bell Moly deposit of 96.4 million tonnes was stated to have a grade of 0.54% instead of 0.054%. The corrected press release is as follows: Avanti reported a net loss [...]
Your Mining News reports Avanti Mining received yesterday that it had received an order under section (10) of the British Columbia Environmental Assessment Act in respect of its Kitsault mine project. “This is significant step in Avanti’s efforts to re-open the Kitsault molybdenum mine because it formally commences the environmental assessment (EA) process under BCEEA” said Craig Nelsen, [...]
Recently molybdenum mining companies stock prices have fallen on fears that Chinese steel demand may be waning, a sign of a slowing recovery.However, most analysis of world markets has steel demand rising through 2012. How will this speculation effect the stock price of profitable molybdenum companies?
Avanti Mining reports an alternative location for a Tailings Management Facility for its Kitsault molybdenum project has been identified. Avanti is currently advancing its Feasibility Study. It has been studying alternative TMF sites since the PFS was published in November 2009, under the direction of Knight Piesold. The study involved the selection of a more optimum TMF [...]
Avanti Mining reports that it has signed an agreement to purchase a 100% interest in two mineral claims located in Kitsault, British Columbia, Canada. Avanti is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia. Kitsault has Proven and Probable reserves of 215 million tonnes grading 0.085% Mo [...]
Avanti Mining Inc. declared that the expiration date for its approximately 34 million outstanding warrants, dated as of August 15, 2007, will be extended through Monday, August 17, 2009. For full story, click here
Vancouver’s Avanti Mining announced the updated resource estimates for its Kitsault moly project are 54 million tonnes at 0.112% Mo in the measured category, 153 million tonnes at 0.088% Mo in the indicated category, and 26 million tonnes grading 0.069% Mo in the inferred category. Craig J. Nelsen, Avanti president and CEO, stated: This new [...]
Avanti Mining Inc. declared an updated Mineral Resource Statement for its 100% owned Kitsault molybdenum deposit located in British Columbia, Canada. Craig J. Nelsen, President and CEO, stated: This new resource statement resulted in an increase of 24% of contained Molybdenum in the Measured and Indicated classification over our previous resource model. For full story, [...]
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