Sandstorm Metals & Energy is pleased to announce that Thunderbird Energy has substantially completed the infrastructure build-out at the Gordon Creek property located in Utah, USA. The well sites are prepared and equipped and the process of bringing the first 8 wells online has begun through Thunderbird's upgraded compression facility. Although [...]
Sandstorm Metals & Energy is pleased to announce that it has increased its copper stream agreement with Donner Metals to purchase an amount of copper equal to 24.5% of the copper produced from the Bracemac-McLeod Mine, operated by Xstrata Canada. Previously, Sandstorm had completed a copper stream agreement with Donner, announced July 13, to [...]
Sandstorm Metals & Energy is pleased to announce a proposed restructuring of Novadx Ventures which includes new management, an equity offering, a restructuring of the coal stream agreement and a change in the company name. Novadx has appointed Daniel Roling as President and CEO. Mr. Roling was previously the President and CEO of National Coal [...]
Sandstorm Metals & Energy is pleased to announce that it has entered into a palladium purchase agreement with Colossus Minerals, via a back-to-back agreement with Sandstorm Gold, to purchase an amount of palladium from the Serra Pelada Mine located in Para, Brazil. Sandstorm Metals has agreed to purchase an amount equal to 35% of the palladium [...]
Sandstorm Metals & Energy has agreed to advance a US$3 million payment to Thunderbird Energy. This US$3 million will be deducted from the scheduled US$10 million payment that is due to Thunderbird in May 2013, thereby reducing the scheduled May 2013 payment to US$7 million. In consideration for the accelerated payment, Sandstorm's natural gas [...]
Sandstorm Metals & Energy is pleased to announce positive developments for the Bracemac-McLeod Mine as reported by Donner Metals, who is a joint venture partner with project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division. Xstrata Zinc has revised the mine design at Bracemac-McLeod to allow production at a rate of 3,000 tonnes per [...]
Sandstorm Metals & Energy announces that Novadx Ventures has filed an updated National Instrument 43-101 Standards of Disclosure for Mineral Projects report for the Rex No. 1 Mine. The technical report contains detailed information regarding updated reserve and resource estimates for Rex previously announced on March 1, 2012 and is available on [...]
Royal Coal represents approximately 10% of our capital base, but has been a disproportionately large portion of our recent news flow," stated Nolan Watson, President & CEO. "Sandstorm management made the decision to write-down Royal Coal's assets and take a loss for 2011, thus allowing our shareholders to focus on the many positives ahead for our [...]
