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Corporate News
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These links access press releases in Adobe PDF format

August 2014

August 26, 2014

  • TerraX Drills 22.42 m @ 6.35 g/t Au, Inclusive of 5.16 m @ 18.40 g/t Au, at Barney Shear Zone, Yellowknife City Gold Project

    July 2014

    July 2, 2014

  • Kivalliq Energy Announces $1.1 Million Financing

    June 2014

    June 25, 2014

  • Peregrine Provides Chidliak Project Update and Encouraging Diamond Results from the CH-46 Kimberlite

    April 2014

    April 30, 2014

  • Avalon Receives Land Use Permit to Start Pre-Construction at the Nechalacho Rare Earth Elements Project

    More press releases on
    archive page



  • Brad Driscoll: The general manager of Inuvik Gas, said he welcomes questions from the public such as the ones posed by the Inuvik Chamber of Commerce in a recent letter to the NWT Public Utilities Board. - Shawn Giilck/NNSL photo
    Chamber launches gas complaint
    Poses questions on Inuvik Gas operations to NWT Public Utilities Board

    Shawn Giilck
    Northern News Services

    INUVIK
    The Inuvik Chamber of Commerce is demanding answers from Inuvik Gas and the NWT Public Utilities Board over its municipal operations.
    ARROW Continued

    See also:
    News LinkNo room for private matters
    News LinkThree proponents selected
    News LinkCourageous pauses
    News LinkAgnico Eagle receives board approval



    Business Briefs
    Wednesday, October 22, 2014

    TerraX financing closes

    SOMBA K'E/YELLOWKNIFE - TerraX Minerals Inc. (TSX.V:TXR) has now completed its recently announced non-brokered private placement. Total gross proceeds are $2,744,725, including the shareholder Virginia Mines Inc. (TSX:VGQ) purchase of additional units for $250,000 to maintain equity interest in the project.
    The proceeds of this private placement will be used to finance drilling this winter on TerraX's Yellowknife City Gold Project, just north of the city. Drilling follows upon an extensive 2014 drill programs that included 22.42 m at 6.35 grams per tonne gold (g/t) and 2.85 m at 33.60 g/t gold on two separate zones. Several new targets have also been identified and will be drill tested.
    This $2.74 million raise began when TerraX initially went out for a $2.1 million private placement on Sept. 24.

    Small businesses get celebrated

    SOMBA K'E/YELLOWKNIFE - The local voice for businesses and the GNWT marked Small Business Week in Canada, from Oct.19 to 26.
    Beginning on Oct.20, the Yellowknife Chamber of Commerce hosted a lineup of free seminars for business operators, leading up to the Business Award Gala on Oct. 24. Seminars topics ranged from red tape reduction and staff retention, to getting web-savvy with online marketing. Working with the territorial and federal governments were also on the docket.
    Sessions were also hosted by the Northwest Territories Business Development and Information Centre (BDIC), the Royal Bank of Canada and the Conseil de developpement economique des Territoires du Nord-Ouest the organization promoting economic development and employment of francophones in the territories.
    "Entrepreneurs and small businesses are integral to growing the territorial economy," said David Ramsay, minister of Industry, Tourism and Investment, also responsible for BDIC. "Earlier this year, the GNWT began implementing the NWT Economic Opportunities Strategy. This strategy supports our ongoing efforts to create business opportunities and grow an attractive entrepreneurial environment throughout the NWT."
    - Elaine Anselmi

    Dominion Diamond Corp. completes Ekati share acquisition

    SOMBA K'E/YELLOWKNIFE - The majority shareholder of the Ekati Diamond Mine, Dominion Diamond Corporation, has upped its holdings having completed the acquisition of C. Fipke Holdings Ltd.'s 10 per cent share.
    The $67 million sale by Charles Fipke, one of the prospectors to discover diamonds in the area, was first announced in July
    Following the completed acquisition, announced Oct. 15, Dominion now owns 88.89 per cent interest in Ekati's Core Zone the current operating mine and permitted pipes. It also owns 65.3 per cent of the Buffer Zone an adjacent area of kimberlite pipes with both development and exploration potential.
    - Elaine Anselmi



    Market reports

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    NWT and Nunavut Mining

    This report highlights what's happening in Nunavut and Northwest Territories Mining industry.

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