Tungsten Corp. (OTCQB:TUNG) announced that it has acquired options of the tungsten mineral rights at historically productive mining properties in Idaho and Nevada. The company acquired the Wildhorse Mine property in Idaho and the Cherry Creek Project in Nevada.
Colt Resources (TSXV:GTP), a tungsten development company, announced that its private placement will be concluded in a week. The company also announced that an Asian-based investor has signed a subscription agreement for CAD $5 million and a written confirmation has been made stating the funds are expected shortly.
Mining Weekly reported that Tungsten Mining plans to begin production at its flagship mine in Western Australia by the 3rd quarter of 2014 and expects to spend about A$25million for the project.
Mining Weekly reported that ferrotungsten producer Hazelwood has commenced the hot commissioning of its Vietnam plant and its first production is expected within the next 7 days.
SilverCrest Mines Inc (TSXV:SVL, NYSE MKT:SVLC) announced that it has already filed a National Instrument 43-101 compliant updated resources technical report for its La Joya property in Mexico.
Mining Weekly reported that Hazelwood Resources was a step closer to starting its ferrotungsten production in its ATC project in Vietnam.
Reuters reported that prices for ferro-tungsten have fallen at lowest since 2010, and traders are blaming Europe’s ailing steel industry for it.
Cadillac Ventures Inc. (TSXV:CDC) announced that the two Burnt Hill Property drilling programs focused on finding potential tungsten resource have been successful.
Northcliff Resources Ltd (TSX:NCF) announced that it has filed a NI 43-101 technical report for the company owned Sisson Tungsten Project, located in central New Brunswick.
Colt Resources Inc. (TSXV:GTP) announced that it has executed a binding LOI to purchase Passa Frio within its Tabuaço experimental mining license in Portugal.