PUSLINCH, ON / ACCESSWIRE / February 24, 2021 / Spruce Ridge Resources Ltd. (TSXV:SHL) ("Spruce Ridge" or the "Company") announces that it has received approval from the TSX Venture Exchange to close its
Spruce Ridge Resources Limited: Spruce Ridge Reports Value of Marketable Securities as at February 12, 2021
Closing Share
Total shares outstanding 148,364,764.
Spruce Ridge holds these marketable securities for investment purposes. Spruce Ridge may in the future take such actions in respect of these holdings as deemed appropriate in light of the circumstances then existing, including the distribution to Spruce Ridge shareholders of all or a portion of these holdings, or one or more sales of all or a portion of these holdings in the open market or in privately negotiated transactions to one or more purchasers.
About Spruce Ridge Resources Ltd.
Spruce Ridge holds a 100% interest in the Great Burnt Copper-Gold Property in Central Newfoundland which covers a series of copper ± gold rich VMS deposits. Spruce Ridge sold its interest in in the Crawford Nickel-Cobalt Sulphide project to Canada Nickel Company Inc
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Spruce Ridge Receives Option Payment from Magna Terra Minerals Inc.
February 15, 2021 GMT
PUSLINCH, ON / ACCESSWIRE / February 15, 2021 / Spruce Ridge Resources Ltd. (TSXV:SHL) (“Spruce Ridge” or the “Company”) is pleased to announce receipt of $75,000 anniversary option payment from Magna Terra Minerals Inc. (“Magna Terra”). Spruce Ridge entered into an Amended Option Agreement for both the Viking and Kramer properties with Magna Terra (See News Release dated September 15, 2020). The Viking and Kramer Properties form part of the larger Viking and Great Northern Projects near the communities of Pollard’s Point and Sop’s Arm in White Bay, Newfoundland.
The Stainless Monthly Metals Index (MMI) increased by 4.5%, as stainless flat rolled base prices continue to move upward due to extended lead times and limited domestic capacity (following a similar trend with steel prices).
Stainless steel producers raise prices
Stainless steel producers
Outokumpu announced price increases effective for February deliveries.
Both producers announced a two-discount-point reduction for standard chemistry 304, 304L and 316L. For 304, the base price increase amounts to approximately $0.0350/lb.
Outokumpu diverged from NAS, as it increased all other 300 series alloys, 200 series and 400 series by reducing the functional discount by three points. In addition, Outokumpu also will be implementing a $0.05/lb adder for 21 gauge and lighter.
Mayor applauds potential Canada Nickel-Glencore deal for use of Kidd Met Site SHARE ON: (pixabay.com)
Mayor George Pirie is heralding another positive development towards a new nickel and cobalt mine north of Timmins.
Canada Nickel Company is in talks with Glencore to use its Kidd Met Site to process ore that it gets out of its new operation.
The mayor drew attention to the news at this week’s regular meeting of council.
“Very, very positive news for the city of Timmins,” he commented, “and I just want to make sure all of the councillors are aware of this.”