|Bid||0.09 x 0|
|Ask||0.10 x 0|
|Day's Range||0.09 - 0.10|
|52 Week Range||0.09 - 0.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2017 - Feb 28, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.48|
Mark Selby , President and CEO of RNC, commented, "This cash withdrawal avoids significant equity dilution at current price levels and allows a significant reduction in RNC's debt with the elimination of the majority of its debt payments in 2018. With the improved visibility from the Beta Hunt sale process, we believe that the value of the debt extension announced on May 31, 2018 has been reduced.
RNC Minerals (RNX.TO) (“RNC”) announced today that it has entered into an agreement with Haywood Securities Inc., as lead agent on behalf of a syndicate of agents, including Laurentian Bank Securities Inc., Canaccord Genuity Corp., and Red Cloud Klondike Strike Inc. (collectively, the “Agents”), whereby the Agents have agreed to sell, on a “best-efforts” private placement basis, a minimum of 40,000,000 units (the “Units”) of RNC, at a price of $0.15 per Unit (the “Issue Price”) for minimum gross proceeds of C$6,000,000 (the “Offering”). Each Unit will be comprised of one common share in the capital of RNC (“Common Share”) and one common share purchase warrant (“Warrant”).
TORONTO , May 31, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC") announced today that it has entered into a US$13 million bridge financing facility (the "Facility") with Auramet International LLC ("Auramet") due May 15, 2019 . The Facility will eliminate the majority of debt repayment commitments during 2018. Mark Selby , President and CEO of RNC Minerals, said, "The Facility is a critical step in repositioning RNC's central strategic focus onto the advancement of the Dumont Nickel-Cobalt Project, which contains the world's largest undeveloped reserves of both cobalt and nickel.
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
TORONTO , April 24, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC") is pleased to announce that Orford Mining Corporation (ORM.V) (44% owned by RNC) has begun the mobilization of drill rigs to begin drilling at its Carolina Gold Properties in North and South Carolina . Drilling will target high quality geological and geophysical targets consistent with Haile gold deposit style mineralization as reported in Orford's news release dated March 1, 2018 . The first phase of drilling will total approximately 1,400 metres and Orford expects to receive assay results beginning in June.
RNC Minerals - Beta Hunt - Final Results received for 2017 Drilling Further High-grade Gold Intersections
RNC Minerals Begins Testwork to Produce Nickel and Cobalt Sulphate for the Electric Vehicle Market Directly from Dumont Nickel Sulphide Concentrate
NEW YORK, NY / ACCESSWIRE / March 28, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
TORONTO, March 22, 2018 /CNW/ - RNC Minerals ("RNC") (RNX.TO) is sharpening its focus to advance the Dumont Nickel-Cobalt development project, the largest undeveloped nickel and cobalt reserve in the world, by initiating a strategic alternatives process for its 100%-owned Beta Hunt gold and nickel mine located in Western Australia. PCF Capital Group, based in Perth, Western Australia, and Haywood Securities Inc. have been retained as financial advisors for the Beta Hunt process. "RNC has made the decision that its central strategic focus going forward will be the advancement of the Dumont Nickel-Cobalt Project – one of the few large-scale, shovel-ready projects positioned to deliver large quantities of nickel and cobalt to market in the next few years.
RNC Minerals Sharpens Focus on Advancing Dumont Nickel-Cobalt Project; Launches Strategic Alternatives Process for the Beta Hunt Mine
Engages CRU to Confirm Value-in-Use Analysis of RNC's Concentrate Roasting Approach for Dumont High Grade Nickel-Cobalt Concentrate TORONTO , March 1, 2018 /CNW/ - RNC Minerals ("RNC") (TSX: ...
RNC Minerals Reports Cobalt 27 has Acquired Existing Royalty on Dumont Nickel-Cobalt Project
TORONTO, Feb. 22, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC") is pleased to report that Cobalt 27 Capital Corp. ("Cobalt 27") has agreed to acquire an existing 1.75% Net Smelter Return ("NSR") royalty on all future production over all metals from the Dumont Nickel-Cobalt Project ("Dumont"). "Cobalt 27's acquisition of the 1.75% NSR royalty highlights why the Dumont Nickel-Cobalt Project is one of the world's premier battery metals projects. Dumont not only contains the world's largest undeveloped reserves of both cobalt and nickel, it also fully permitted and construction-ready, close to existing infrastructure, and located in one the world's most desirable mining jurisdictions in Quebec," said Mark Selby, President and CEO of RNC Minerals.
Cobalt 27 Capital Corp, a Canadian company created to buy the red-hot battery metal, said on Thursday it has bought a royalty on all future nickel and cobalt production from the Dumont project in Quebec in a deal worth $70 million. The transaction is for a 1.75 percent net smelter return royalty on output from Dumont, which contains the world's largest undeveloped nickel and cobalt reserves, Cobalt 27 Capital said. The project is jointly owned by RNC Minerals and private equity firm Waterton Global Resource Management.
Beta Hunt Mine Gold Production Increases 21% in Q4 2017; Exits Year at 70,000 Ounce Annualized Production Rate
TORONTO , Jan. 18, 2018 /CNW/ - RNC Minerals Corporation (" RNC ") (TSX: RNX) reports that Beta Hunt mined gold production increased by 21% to 12,722 ounces in the fourth quarter of 2017 versus ...
RNC Minerals Plans Initiatives to Allow Decision to Begin Construction of Dumont Nickel-Cobalt Project in 2019; Highlights Large Nickel and Cobalt Reserves