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TORONTO, May 28, 2020 /CNW/ - Nubian Resources Ltd. (TSX-V:NBR) ("Nubian" or the "Company") is pleased to announce that on May 21, 2020 the Company entered into a binding letter of intent ("LOI"), subject to final due diligence and negotiation of definitive agreements, to acquire the Yandoit Gold Project, situated in the historic Daylesford gold corridor of central Victoria, Australia. The approximately 38 square kilometre (3,800 ha) property consists of one Mining Licence and one Exploration Licence, collectively the "Project". The vendor, B.S.B. Mining Pty Ltd. ("BSB Mining"), an arm's length party to Nubian, is currently finalizing the purchase of a second Exploration Licence that has six historic gold mines.
VANCOUVER, May 28, 2020 /CNW/ - Orca Gold Inc. (TSX-V: ORG) ("Orca" or the "Company") is pleased to announce that the nominees set forth in the Company's management information circular dated April 27, 2020, Richard Clark, Hugh Stuart, Robert Chase, David Field and Derek White were elected as directors of the Company at the Annual General and Special Meeting held on May 28, 2020 (the "Meeting"). At the Meeting the shareholders also approved the reappointment of PricewaterhouseCoopers, LLP as the auditors of the Company and the authorization of the Company's board of directors to fix the auditors remunerations. The shareholders also ratified and approved the Company's 10% rolling Stock Option Plan.
WASHINGTON, May 27, 2020 /PRNewswire/ -- Yesterday, the American Primary Aluminum Association (APAA) delivered a letter to U.S. Trade Representative Robert Lighthizer and Secretary Wilbur Ross providing important data to bring awareness to the surge of Canadian aluminum imports to the United States that is threatening the viability of the domestic primary aluminum industry.
LONDON, May 25, 2020 /PRNewswire/ -- Over Q1 2020, COVID-19 has developed from an emerging threat to a transformational reality with potentially long-lasting effects on economic growth. All optimism for commodity markets at the start of the year was quickly extinguished as the coronavirus emerged in Wuhan, China. Prices have been dragged down further by dire market fundamentals which were a result of government-imposed lockdowns in the major global economies. Both supply and demand have been lowered across the board, but demand has been harder hit and will be slower to make a recovery. Most commodities have further to fall from here. There has been a profound human cost to the pandemic and the economic fallout of governments' responses is just starting to be counted.