Tungsten Company News Directory

Almonty Settles Claims with Deutsche Rohstoff

Almonty Industries Inc. (TSXV:AII) announced that it has entered into an agreement with Deutsche Rohstoff AG (ETR:DRo) to unconditionally settle all claims related to the acquisition of Wolfram Camp Mining Pty Ltd. and Tropical Metals Pty Ltd. by Almonty.

Blackheath Resources Closes Second Tranche of Private Placement

Blackheath Resources Inc. (TSXV:BHR) reported that it had closed the second tranche of its previously announced private placement for gross proceeds of $221,000. Blackheath plans to used proceeds from the private placement for exploration work at its tungsten projects in northern Portugal. The company also provided an update on its Covas Tungsten project.

Knick Exploration Begins West Gold Zone Reassessment

Knick Exploration (TSXV:KNX) has begun a re-assessment of the West Gold Zone at its East-West property. The company is undertaking the reassessment in light of positive moves by Osisko Gold Royalties (TSX:OR) and Niogold Mining (TSXV:NOX) to develop a resource at the nearby Marban deposit.

Adex Completes Rights Offering, Issues Additional Common Shares

Adex Mining Inc. (TSXV:ADE) announced the completion of its $5 million rights offering to acquire common shares, which ended February 4, 2015 at 4:00 p.m. EST. The number of subscriptions the company received was in excess of the available common shares, which led the company to issue 500,000,000 new common shares at a price of $0.01 each, to raise aggregate gross proceeds of $5 million.