Avanti Secures Financing to Develop Kitsault Moly Mine
Winnipeg Free Press reported that Avanti Mining (TSXV:AVT) secured a $640 million loan to advance the British Columbia-based Kitsault mine.
Articles Tagged "Avanti Mining"
Environmental Review to Begin at Kitsault
Terrace Standard reported that Avanti Mining's (TSXV:AVT) Kitsault moly mine has met the criteria for an environmental review.
Kitsault Restart Slowly Progressing
CBC reported that progress is being made to reopen the Kitsault moly mine owned by Avanti (TSXV:AVT).
Molybdenum Mine Near Prince Rupert, B.C., Gets to Next Environmental Stage
Winnipeg Free Press reported that Avanti Mining (TSXV:AVT) has reached another milestone in its attempt to reopen the Kitsault moly mine.
Avanti Adds KORES to SeAH Letter of Intent
Avanti Mining Inc. (CVE:AVT,PINK:AVNMF) announced that Korea Resources Corporation has been added to the SeAH LOI.
Avanti Receives Preliminary Results of 81 Meters of Grading 0.383% Mo
Avanti Mining Inc. (CVE:AVT) reports that it has received results of an initial six hole program intended to confirm historical drill information at its Roundy Creek prospect, northwest BC.
Growth in the Molybdenum Market
Analysts are bullish for the future of the molybdenum market stemming from growth projection in China. Steel demand, and consequently, demand for moly is expected to grow by 9 percent through 2012.
Avanti Mining Reports Off-Take Agreement & LOI
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 Enters into Tolling Agreement With Molymet
Avanti Mining Inc. (CVE:AVT) has entered into a Molybdenum Concentrate Tolling Agreement with Molymet of Chile for the life of mine molybdenum concentrate production at the Company’s Kitsault Project. “This agreement is an important milestone for Avanti as it assures the steel producers that we can deliver quality products to them throughout the term of [...]
Molybdenum Mining in Canada
Molybdenum exploration in Canada is heating up along with demand for the metal. Miners are looking to take advantage of China's appetite for steel, for which moly is a vital ingredient. This article is a guide to some of the promising molybdenum projects underway in Canada.
