Press release content from Business Wire. The AP news staff was not involved in its creation.
Sherritt Publishes Cobalt Reference Price and Warrant Conversion Ratio for January 2021
January 8, 2021 GMT
TORONTO (BUSINESS WIRE) Jan 8, 2021
Sherritt International Corporation (“Sherritt”) (TSX:S), a world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended December 31, 2020.
Reference Date
December 31, 2020
1.00
Consistent with the terms of the Warrant Indenture dated as of January 25, 2018 and available on SEDAR, Sherritt will calculate and publish the Applicable Reference Cobalt Price based on the simple average of the midpoint of the Fastmarkets MB (formerly known as Metal Bulletin) High Price and the Fastmarkets MB Low Price 1, expressed in US dollars per pound, for the three consecutive full calendar months immedia
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
McEwen Mining Announces Flow-Through Financing
McEwen MiningJanuary 8, 2021 GMT
TORONTO, Jan. 08, 2021 (GLOBE NEWSWIRE) McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce a financing to fund development of the Froome deposit, which is expected to reach commercial production in Q4 2021, located at the Fox Complex in the Timmins region of Ontario.
The financing consists of a US$11,821,000 (Cdn$15,000,000) private placement offering (the “Offering”) of 11,628,000 flow-through common shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) priced at US$1.02 (Cdn$1.29) per flow-through common share (the “Offering Price”) led by Cantor Fitzgerald Canada Corporation as agent and sole bookrunner. The Offering is expected to close on or before January 28, 2021 (the “Closing”) and is subject to customary closing conditions, including approv
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Hurco Reports Fourth Quarter and Full Year Results for Fiscal 2020
Hurco Companies, Inc.January 8, 2021 GMT
INDIANAPOLIS, Jan. 08, 2021 (GLOBE NEWSWIRE) Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the fourth fiscal quarter and fiscal year ended October 31, 2020. Hurco recorded a net loss of $3,589,000, or $(0.54) per diluted share, for the fourth quarter of fiscal 2020, compared to net income of $2,098,000, or $0.31 per diluted share, for the corresponding period in fiscal 2019. For fiscal 2020, Hurco reported a net loss of $6,247,000, or $(0.93) per diluted share, compared to net income of $17,495,000, or $2.55 per diluted share, for fiscal 2019. The net loss for the fourth quarter and fiscal 2020 included a one-time, non-cash goodwill impairment charge of $4,903,000. Excluding the impact of this one-time charge, earnings per diluted share would have been $0.70 and
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Skyharbour Expands Maverick East Zone with Additional High Grade Uranium Discovered in the .
Skyharbour Resources LtdJanuary 7, 2021 GMT
VANCOUVER, British Columbia, Jan. 07, 2021 (GLOBE NEWSWIRE) Skyharbour Resources Ltd. (TSX-V: SYH)(OTCQB: SYHBF) (Frankfurt: SC1P ) (the “Company”) is pleased to announce the remaining results from its 2020 fall diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake/McArthur River operations in the Athabasca Basin, Saskatchewan. In addition to the previously announced hole ML20-09 which returned 0.72% U3O8 over 17.5 metres from 271.5 metres to 289.0 metres, drillhole ML20-12 returned another broad zone of sandstone and basement-hosted uranium mineralization from 268.1 metres t