Alphatec Holdings Announces $18.9 Million Private Placement - P&T Community

Alphatec Holdings Announces $18.9 Million Private PlacementP&T CommunityPurchasers will also receive warrants to purchase up to approximately 9,432,000 shares of common stock at an exercise price of $2.00 per share. The warrants will be exercisable following approval by Alphatec stockholders, and will expire 5 years from …Alphatec secures $18.9M capital raise; shares down 15%Seeking Alpha all 4 news articles …read more … Continue reading

Trading in certain Galectin warrants ends today; trading in stock unaffected - Seeking Alpha

Trading in certain Galectin warrants ends today; trading in stock unaffectedSeeking AlphaGalectin Therapeutics (GALT -2.4%) announces that, effective at the close of business today, trading will cease in GALTW and GALTU warrants. Trading in common shares will not be affected. GALTU are units, sold in March 2012, consisting of two shares of …Galectin Therapeutics (GALT) Says Common Stock Won’t be Affected by Halt in GALTW and GALTUStreetInsider.com all 3 news articles …read more … Continue reading

Alphatec Holdings Announces $18.9 Million Private Placement - Nasdaq

Alphatec Holdings Announces $18.9 Million Private PlacementNasdaqPurchasers will also receive warrants to purchase up to approximately 9,432,000 shares of common stock at an exercise price of $2.00 per share. The warrants will be exercisable following approval by Alphatec stockholders, and will expire 5 years from …Alphatec secures $18.9M capital raise; shares down 15%Seeking Alpha all 4 news articles …read more … Continue reading

Galectin Therapeutics (GALT) Says Common Stock Won't be Affected by Halt in GALTW and GALTU - StreetInsider.com

Galectin Therapeutics (GALT) Says Common Stock Won’t be Affected by Halt in GALTW and GALTUStreetInsider.comThe Company’s common stock, GALT, will not be affected and will continue to trade on the Nasdaq market. GALTU are units that were sold in March 2012 that consist of two shares of GALT common stock and one warrant. Unit holders had the right at any time …Trading in certain Galectin warrants ends today; trading in stock unaffectedSeeking Alpha all 3 news articles …read more … Continue reading

Iskut Could Be as Important to Seabridge as KSM

Source: The Gold Report 03/23/2017 View Original Article Seabridge’s Iskut project has the potential to be another success story like its flagship, 100%-owned KSM project. When Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) closed the sale of its Castle-Blackrock claim block interest in Nevada to Columbus Gold in February, Seabridge Chairman and CEO Rudi Fronk noted that “the sale is part of a continuing program of divesting non-core assets in order to focus resources on core holdings, including the KSM and Iskut projects and the Snowstorm project.” Iskut was acquired when Seabridge purchased SnipGold Corp. in June, 2016. According to Seabridge, the “2016 multi-pronged exploration program at Iskut achieved its primary objective: to identify a prospective new porphyry copper-gold system with a potentially intact epithermal precious metals zone at its top, for drill testing in 2017.” One of the untested targets Seabridge will be focusing on, Quartz Rise, “has all the all the hallmarks of a porphyry lithocap, a geological feature found at the top of major porphyry systems throughout the world,” according to the company. To understand the potential of Quartz Rise, Paradigm Capital Analyst Don MacLean Sr, in a Mar. 16 research report, quoted Dr. Jeffrey Hedenquist, considered to be the world’s leading epithermal and lithocap expert, as saying during a technical discussion with Seabridge, “All lithocaps have feeder structures, but not all feeders have lithocaps,” something that MacLean found to be “a positive endorsement for the epithermal potential below Quartz Rise.” MacLean goes on to highlight that although “it … Continue reading

Dataram Set to Transform Itself with Acquisition of U.S. Gold Corp.

Source: The Gold Report 03/23/2017 View Original Article Dataram’s plans to acquire U.S. Gold Corp. to diversify its business would give it access to potentially high-growth mining projects in Nevada and Wyoming. Dataram Corp. (DRAM:NASDAQ), which has been in the IT memory business, intends to acquire U.S. Gold Corp. as part of its strategy for business diversification and growth through acquisition. The company stated in its March 9 news release that the “natural resources segment represented a market opportunity that would diversify the Company’s business model and thereby potentially mitigate risk associated with focusing on one industry.” U.S. Gold Corp. is advancing the Keystone project on the Cortez Trend in Nevada and the Copper King project in Wyoming. Last year exploration geologist Dave Mathewson joined U.S. Gold as vice president and head of exploration. Mathewson is credited with discovering the Tess, Northwest Rain, Saddle and South Emigrant deposits when he was head of Newmont Mining’s Nevada exploration team. His work also led to the consolidation of the Railroad-Pinion district and the North Bullion and Bald Mountain discoveries when he was at Gold Standard Ventures. Dave Moylan, Dataram’s chairman and CEO, said of Mathewson, “Dave is a strong addition to the U.S. Gold team and brings more than 35 years of exploration experience in Nevada. He is a well-known and respected exploration geologist who is credited with many discoveries, and one of a handful of world-class geologists that historically finds new gold deposits.” Dataram has called a special meeting of shareholders … Continue reading

NexGen's Mineral Resource for Arrow Highlights 'Once-in-a-Career Type of Asset'

Source: The Energy Report 03/23/2017 View Original Article NexGen’s latest mineral resource estimate for the Rook I property has caught the attention of industry analysts. Earlier this month, NexGen Energy Ltd. (NXE:TSX; NXGEF:OTCQX) released an updated mineral resource estimate for the 100%-owned Rook I property in Canada’s uranium-rich Athabasca Basin. The estimate includes Indicated resources of 179.5 million pounds (179.5 Mlb) of U3O8 in 1.18 million tonnes (1.18 Mt) grading 6.88% U3O8, including the high-grade A2 core of 164.9 Mlb of U3O8 in 0.40 Mt grading 18.84% U3O8. The Inferred resource estimate is 122.1 Mlb in 4.25 Mt grading 1.30% U3O8. The company noted that the 2016 drilling has “converted 89% of the March 2016 Arrow Deposit Maiden Inferred Mineral Resource into the updated Indicated Mineral Resource category. This level of conversion is truly unprecedented, which continues to confirm the strong continuity of grade and thickness seen across the Arrow deposit converted.” Paradigm Capital analyst David Davidson noted in a March 7 research report that “NexGen’s discovery of the Arrow uranium deposit represents one of the larger and highest-grade discoveries in the Athabasca basin in decades. After only three years of drilling, the company released an updated NI-43-101 indicated & inferred resource of 5.5 Mt grading 2.5% U3O8 for a contained 302Mlb of U3O8. Additional drilling in all likelihood will expand the resource, which should allow for a potential development scenario.” Looking ahead, Davidson added, “NXE is well into its planned 35,000m 2017 winter drill campaign and we remain convinced … Continue reading

Fission Uranium's Exploratory Drilling Hits Success Right Out of the Gate

Source: Ross McElroy for The Energy Report 03/23/2017 View Original Article With uranium up 40% off last year’s lows, a glimmer of optimism is returning to the uranium market, says Fission Uranium’s President, COO and Chief Geologist Ross McElroy. In this interview with The Energy Report, McElroy discusses the company’s latest drill results, its winter drilling plans and why he believes Fission could be on the cusp of a major discovery. The Energy Report: Uranium hit lows this summer before recovering somewhat, although the uranium price is still well below the highs of several years ago. Would you discuss the fundamentals for uranium and your predictions for the price over the next several years? Ross McElroy: We saw the spot price of uranium hit a multiyear low of about $18 per pound ($18/lb) in late November/early December 2016. But we’ve also seen, in the short period from the beginning of December up until currently in March, the spot price recover to close to $25/lb. That represents a price increase of about 40% over just a few months. Of course, $25/lb is still a very low price. At the low end, the major low-cost producers, primarily the Kazakhstan producers and Cameco Corp. (CCO:TSX; CCJ:NYSE), one of the world’s largest uranium producers, sent signals to the market—by reducing low-cost production and shutting in higher-cost production—that they’re not selling uranium any cheaper than that. Those are among the lowest-cost producers worldwide. It has gotten to a point where even they can’t make any … Continue reading

As Uranium Price Turns, Insiders Stock Up on Energy Fuels

Source: The Energy Report 03/23/2017 View Original Article Analysts watching the uranium market agree that as prices for U3O8 turn around, Energy Fuels’ U.S.-based assets, including its conventional and in-situ recovery operations at the Canyon Mine and Nichols Ranch, respectively, make it a good bet for investors. The company’s management team and directors must agree because they have upped their share ownership. In a letter to shareholders that Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.MKT) released on March 16, President and CEO Stephen Antony cited trends he believes bode well for uranium producers like Energy Fuels, including production cutbacks by major producers including Cameco in 2016 and Kazakhstan’s state-owned Kazatomprom in early 2017. “I would contend that when the World’s largest and lowest-cost uranium producers are feeling the pain of today’s prices, you know this current market pricing is categorically unsustainable,” Antony wrote. Other signs that uranium prices will soon turn around include increased demand for U3O8 as new reactors come on-line, the demand for clean energy sources, and the American desire for energy independence. Antony concluded his letter by noting that he and other members of the company’s management team and board of directors had recently purchased additional shares of Energy Fuels stock. “We believe in this company, we believe in a uranium price recovery,” he wrote. Though Rob Chang of Cantor Fitzgerald acknowledges the challenges Energy Fuels has faced in coping with depressed uranium prices, he states in a March 10 research report that “we continue to view Energy Fuels … Continue reading