Melissa Pistilli has been reporting on market-shaking news in the resource and mining investment sector for over five years and has been with the Investing News Network since 2008. She has written on a wide variety of topics, from managing political risk in the mining industry to manipulation in the silver market. Formerly the managing editor of the Investing News Network, Melissa now serves as a senior reporter writing for Lithium Investing News and Uranium Investing News. She is most interested in the impact of global economics, politics and sociocultural influences on the commodities markets, and this shows in her reporting. Melissa holds a bachelor’s degree in English education as well as a master’s degree in teaching of writing, both from Humboldt State University, California. She currently resides at the heart of Canada’s mining industry — Vancouver, British Columbia.
The effect of Japan’s earthquake on auto makers has a major impact on platinum markets because it affects demand. However, a move to nationalize mines in Zimbabwe may also play a major role in platinum’s future due to potential effects on supply.
International Millennium Mining Corp. (TSX VENTURE:IMI)(FRANKFURT:L9J) has amended, restated and re-filed the management discussion and analysis for; the Year ended December 31, 2008, the quarter ending March 31, 2009, the quarter ending June 30, 2009, and the quarter ending September 30, 2009 in response to a request from the British Columbia Securities Commission, July 13, 2009.
URSA Major Minerals Incorporated (TSX:UMJ) reported that the Company has arranged a credit facility with Auramet Trading, LLC to assist finance the Company’s metal inventory and receivables associated with ore produced from the Shakespeare Mine.
URSA Major Minerals Incorporated (TSX:UMJ) reported that the Company has arranged non-brokered private placement financings for up to 7,300,000 units at $0.10 per unit and 1,700,000 flow through common shares at $0.10 per share for total proceeds of up to $900,000.
Brompton Funds Management Limited reported the closing of the warrant offering for Precious Metals Bullion Trust (TSX:PBU.UN). Gross proceeds of the offering totaled $26.7 million, representing approximately 89% of the maximum available subscription.