Market News
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Black Rock Mining Ltd to reveal funding proposal
Posted on :Monday , 12th September 2016
Black Rock Mining Ltd (ASX:BKT) has been granted a trading halt by the ASX this morning, pending details of a funding proposal.
Black Rock is focused on its Mahenge graphite project in Tanzania.The halt will remain in place until the opening of trade on Wednesday 14th September 2016, or earlier if an announcement is made to the . . .Magnis Resources Ltd produces high quality graphite from Tanzania
Posted on :Monday , 12th September 2016
Magnis Resources Ltd (ASX:MNS) has demonstrated the use of flake concentrate from the Nachu Graphite Project in Tanzania for the production of spherical graphite for lithium ion batteries.
The company used milling equipment in Europe to process flake concentrate produced from composite diamond drill core to ensure a representative sample of the ore body.. . .Buckreef Gold Mine Receive USD1.25m Financing for Development
Posted on :Wednesday , 7th September 2016
Tanzanian Royalty Exploration Corporation (TSE: TNX; NYSE MKT: TRX) received the first USD1.25m tranche of USD5m financing for mining development at its Buckreef gold mine.
The funds will be used by the company to expand its production team necessary to boost development of the Buckreef gold mine in Tanzania.
The capital is raised through a private placement of securities . . .
Strandline Resources Ltd seeks new mineral sands from drilling in Tanzania
Posted on :Wednesday , 7th September 2016
Strandline Resources Ltd’s (ASX:STA) is expanding exploration and development programs at the company’s Tanzania-based mineral sands projects.
The zircon-rich Fungoni deposit in Tanzania has an indicated resource of 11 million tonnes at 3.1% Total Heavy Minerals (THM) with a valuable assemblage of 22% zircon, 4% rutile and 44% ilmenite.Tanzanian Royalty Announces $5 Million Financing for Mining Development
Posted on :Friday , 2nd September 2016
Tanzanian Royalty Exploration Corporation (TNX)(nyse mkt:TRX) (the "Company") is pleased to announce that it has closed the first tranche of a $5 Million private placement of securities with Crede CG III, Ltd, a wholly-owned subsidiary of Crede Capital Group, LLC, a long-only family office that invests in emerging growth companies. Funds will be used by the Company's to expand i. . .
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