The global supply of tungsten has been scarce for years, causing the European Union to categorize it as a "critical raw material."
Articles Tagged "Colt Resources Inc."
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.
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.
Colt Resources (TSXV:GTP) announced that it has signed a memorandum of agreement (MOU) with Star Mining Limited to jointly explore the Borba Licence, in which the latter will earn 25% interest.
Bloomberg reported that mining company, Colt Resources Inc., will sign a contract with the Portuguese government today to explore tungsten in the country in the towns of Tabuaco and Penedono.
Portugal's economy may warrant concern, but its tungsten potential appears to signal optimism.
Colt Resources Inc. (OTCQX:COLTF) announced that it obtained positive metallurgical and drilling results on its Tabuaço Tungsten Project in Northern Portugal which shows high tungsten recovery.
Colt Resources Inc. (PINK:COLTF), a Canadian junior exploration company that acquires, explores, and develops mineral properties such as tungsten, has announced that it was able to secure commitments to sell to Asian and Portuguese based investors, in addition to a number of the company’s directors 17,777,778 common shares at $0.45 per share, accumulating a total gross proceeds of $8,000,000.
Colt Resources Inc. (TSXV:GTP) provided an updated resource estimate for its wholly-owned, Portugal-based Tabuaço tungsten project, commenting that the approximate tungsten trioxide in the indicated mineral resource category is now 815,000 MTUs — nearly double the previous estimate. The company also noted that the estimate marks the first inclusion of material from the Aveleira zone.
Colt Resources Inc. (TSXV:GTP,FWB:P01,OTCQX:COLTF) announced final analytical results for seven holes from its ongoing infill drilling campaign at its Tabuaço tungsten project, including a 1.5 percent intersection.