Solid Resources Ltd.(TSXV:SRW) announced the closing of a private placement for gross proceeds of approximately $1.1 million. The proceeds from the placement will be used for project development in Spain.
The non-brokered private placement of Units for aggregate gross proceeds of $1,100,000 for Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) has closed.
Though it receives little recognition, Brazil has the largest tantalum reserves and is the largest supplier of the metal.
A brief overview of tantalum price developments, supply and demand, and significant market movers.
Avalon Rare Metals Inc. (TSX:AVL,NYSE:AVL) announced a progress update on its Nechalacho Rare Earth Element project.
Solid Resources Ltd.(TSXV:SRW) announced its latest non-brokered private placement. The placement will raise gross proceeds of up to $1,100,000 from the sale of approximately 11,000,000 common shares.
Solid Resources Ltd.(TSXV:SRW) announced that its application to extend the expiry date of up to 20,333,333 outstanding share purchase warrants has been approved. The expiry date has been moved to November 17, 2012.
Subject to TSX Venture Exchange approval, Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) proposed to extend the expiry date of 20,333,333 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in November, 2010.
Market Resource reported Brazil is at the forefront of the tantalum and niobium product. As quoted in the press release.: Tantalum and niobium are close geologically, however, the two metals have different industry paths and development dynamics due to the very different application areas. Tantalum market has been under pressure due to the shortfalls of [...]
Tantalum from the DRC has a tarnished image, but projects by capacitor makers to revive the nation’s industry could change that.
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