Inter-Rock Volumes Decline on Weak U.S. Dairy Market

Inter-Rock Minerals Inc of Toronto, ON has reported a net income of US$386,000 on revenue of US$13.3 million in the three months ended June 30, 2018 versus a net income of US$944,000 on revenue of US$13.6 million in the same period of 2017. The company owns three operating businesses: Papillon Agricultural Co Inc, MIN-AD Inc,...

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Syrah Raises Funds for Balama

Syrah Resources Ltd of Australia has completed an institutional placement of 42.2 million new fully paid ordinary shares to raise approximately AUS$94 million (US$68 million). The company says that it is now in a robust financial position to achieve its key objectives, which include completing the ramp-up of graphite production at Balama in Mozambique through...

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Nabaltec Shifts Mix to More Refined Products

Nabaltec AG of Germany has reported a 3.5% increase in first half revenues to €91.8 million (US$107.0 million). Consolidated EBIT in the first half was €9.7 million (US$11.3 million), the same as in the first half of last year. Revenues in the Functional Fillers division were €30.7 million (US$35.8 million), even with last year. Johannes...

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Alliance Magnesium to Receive Funds from Quebec Government

Alliance Magnesium Inc (AMI) of Brossard, QC has signed a financing agreement with Investissement Quebec and the government of Quebec’s Economic Development Fund in the amount of CDN$30.9 million. The funds will be used for the construction of the company’s first commercial phase at its magnesium facility in Danville, QC. The investment is part of...

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Voyageur Raises Funds for BC Barite Project

Voyageur Minerals Ltd of Calgary, AB has closed the second tranche of CDN$251,337.50 of its private placement. The proceeds will be used for general working capital and to further the company’s work program on its barite properties. Voyageur says that due to the results of its drilling, and the high grade of the Frances Creek...

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