Posted in Canada on 07/26/2011 11:02 pm by jv2win
Peninsula Energy’s (ASX: PEN) Ross ISR Project Air Quality Permit application has been deemed complete by the Air Quality Division of the Wyoming Department of Environmental Quality (WDEQ/AQD), representing another important step towards the grant of the permit in September 2011.
The application was submitted by Peninsula’s wholly owned subsidiary Strata Energy Inc. and the WDEQ/AQD will now commence a technical review which it expects to complete within sixty days.
Peninsula is targeting commencement of uranium recovery at the Ross Project in Wyoming, USA, in 2012. The company aims to join other successful uranium producers in Wyoming whose efforts are spearheading domestic energy development in the U.S. using the most environmentally benign uranium recovery process available.
Gus Simpson, Peninsula’s executive chairman, said “the confirmation from the WDEQ of the completeness of the Air Quality Permit application is the culmination of more than a year of baseline air quality monitoring, modeling and data analysis and augurs well for the timely grant of this important permit.”
Subject to meeting all regulatory requirements, approval of the Air Quality Permit is anticipated in September 2011.
The Ross Project forms the core of the greater Lance Project, with primary mineral processing activities centered in this initial production area. Peninsula aims to become one of the largest producers of uranium in the U.S.
Proactiveinvestors Australia website
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Posted in Russia on 07/26/2011 10:19 am by jv2win
Zacks Investment Research upgraded shares of Orbital Sciences Corp. (NYSE: ORB) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday.
Shares of Orbital Sciences Corp. opened at 18.19 on Tuesday. Orbital Sciences Corp. has a 52 week low of .66 and a 52 week high of .38. The stock’s 50-day moving average is .02 and its 200-day moving average is .84. The company has a market cap of .063 billion and a price-to-earnings ratio of 21.15.
Orbital Sciences Corp. last announced its quarterly results on Thursday, July 21st. The company reported .23 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of .22 EPS by .01. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Orbital Sciences Corp. will post .25 EPS next quarter.
Orbital Sciences Corporation, incorporated in 1987, is engaged in the development and manufacture of small- and medium-class rockets and space systems for commercial, military and civil government customers, including the United States Department of Defense (DoD), the National Aeronautics and Space Administration (NASA) and other United States Government agencies. Its products and services include launch vehicles, satellites and space systems, and advanced space programs. The launch vehicles product include rockets that are used as interceptor and target vehicles for missile defense systems, small- and medium-class space launch vehicles that place satellites into Earth orbit and escape trajectories, and suborbital launch vehicles that place payloads into a range of high-altitude trajectories. It operates in three segments: launch vehicles, satellites and space systems, and advanced space programs.
For more information about Zacks Investment Research’s equity research offerings, visit Zacks.com.
This article (Zacks Investment Research Analysts Upgrade Orbital Sciences Corp. (ORB) Shares to “Outperform”) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
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Posted in China on 07/25/2011 08:57 am by jv2win
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Posted in Canada on 07/24/2011 07:32 am by jv2win
Southern Silver Exploration Corp. (CVE:SSV) said that it has closed the first tranche of its previously announced non-brokered private placement financing, raising .4 million, and has started a phase two 10,000 metre drill program at its Cerro Las Minitas mine, in Mexico.
The offering consisted of 14.1 million units for 17 cents per unit. Each unit consists of one common share and one warrant, exercisable to purchase one additional share for a period of two years for 22 cents per share.
The new funds will be used for exploration and property maintenance expenses incurred on the Cerro Las Minitas and Minas de Ameca projects in Mexico, as well as the Oro project in the United States.
The company has already started a second phase drilling campaign, consisting of 25 to 30 diamond drill holes, totalling 10,000 metres, which crews have now mobilized, at its Cerro Las Minitas project.
Southern Silver intends to expand its current exploration program on its Cerro Las Minitas project in Mexico after initial results reported high-grade silver and polymetallic mineralization from four of ten core holes, completed as part of its phase one operations.
The Cerro Las Minitas property comprises 17 concessions, which cover an area of 10,980 hectares and about 25 kilometre lineal strike length. The property is located 70 kilometres to the northeast of the city of Durango, Mexico, and is accessed easily by road.
Southern Silver and its subsidiaries are engaged in the acquisition and exploration of mineral properties in North America.
The company’s current projects include the silver-lead- zinc Cerro Las Mintas project and the copper-gold-silver Minas de Ameca in Mexico, as well as the porphyry copper-molybdenum Dragoon project in Arizona and the gold-silver Oro project in New Mexico.
Proactiveinvestors Australia website
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Posted in India on 07/23/2011 06:51 pm by jv2win
Enlarge Shakh Aivazov/AP A soldier participates in a military exercise conducted by Georgians and U.S. Marines together on Friday. As the U.S. faces cuts to military spending, it’s hoping to share more of its defense burden with European allies. Shakh Aivazov/AP A soldier participates in a military exercise conducted by Georgians and U.S. Marines together [...]
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Posted in India on 07/23/2011 06:14 am by jv2win
Michele Norris talks to NPR’s Scott Horsley and David Welna about President Obama’s announcement that Republican House Speaker John Boehner withdrew from the debt talks. Source: NPR : National Public Radio
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Posted in Canada on 07/22/2011 04:51 am by jv2win
Silver Swan Group (ASX: SWN) is looking to accelerate exploration at the company’s Quinns VMS and Stakewell Gold projects after launching a capital raising campaign.
Silver Swan has already received commitments for A million through the placement of 50 million shares at .10, with 39.5 million of the shares subject to shareholder approval.
The company may raise additional funds after launching a share purchase plan for an amount of up to ,000 per shareholder – also priced at .10.
The capital injection will be used by Silver Swan for diamond and reverse circulation drilling at the company’s Quinns VMS and Stakewell Gold projects which are strategically located in the Murchison Province of Western Australia.
Susan Vearncombe, managing director, said “The recent identification of very strong off-hole conductors at our Quinns VMS Project and high grade gold results at the Stakewell Project are exciting developments for Silver Swan.
“We are very keen to recommence drilling at both of these highly promising projects in the next few weeks.”
Proactiveinvestors Australia website
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Posted in China on 07/21/2011 04:00 pm by jv2win
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Posted in Australia on 07/21/2011 03:18 am by jv2win
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Posted in Australia on 07/20/2011 02:39 pm by jv2win
Led by Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee, a group of the Company’s experts started a business trip to the Komi Republic and the Yamal-Nenets Autonomous…
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