Aluminum Company News Directory

Orbite Aluminae Announces $8.5 Million Bought Deal

Orbite Aluminae (TSX:ORT) announced that it has entered into an underwriting agreement to raise gross proceeds of $8.5 million. Euro Pacific Canada has agreed to buy 8,500 units at a price of $1,000 per unit, and may purchase an additional 6,500 units within 30 days of the bought deal closing of the offering, which would bring aggregate gross proceeds to $15 million.

Metro Mining Doubles Bauxite Hill Resource

Mining Weekly reported that Metro Mining Ltd. (FWB:6ME) has more than doubled the direct shipping ore (DSO) inferred resource at its Bauxite Hill resource.