|Bid||0.83 x 0|
|Ask||0.84 x 0|
|Day's Range||0.83 - 0.88|
|52 Week Range||0.07 - 1.18|
|Beta (3Y Monthly)||-3.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2017 - Feb 28, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.73|
TORONTO, Oct. 10, 2018 /CNW/ - RNC Minerals (TSX:RNX.TO - News) ("RNC") is pleased to announce the first specimen slab from the top of the Father's Day Vein discovery area has been successfully recovered at the Beta Hunt Mine. Final weights and gold content will be determined for each specimen slab once all have been cut. Mining operations are continuing to remove a second large specimen slab from the face of the Father's Day Vein and will extract additional high grade coarse gold over the coming week.
Toronto, Ontario--(Newsfile Corp. - September 20, 2018) - Eric Sprott announces that today he purchased (through his holding company, 2176423 Ontario Ltd.) over the Toronto Stock Exchange, 561,000 common shares (representing approximately 0.1% of the outstanding shares) of Royal Nickel Corporation (doing business as RNC Minerals). The shares were purchased at $0.4284 per share for total consideration of $240,332. This press release is being issued pursuant to Canadian early warning requirements because Mr. Sprott's ...
TORONTO, Sept. 9, 2018 /CNW/ - RNC Minerals (TSX:RNX.TO - News) ("RNC"), is pleased to announce a new high-grade gold discovery at its Beta Hunt Mine. Over the past week, approximately 9,250 ounces of high grade gold was produced from a 44 m3 cut (130 tonnes) on 15 level at the Beta Hunt Mine (equal to over 70 ounces/tonne or 2,200 grams/tonne). The high grade gold (coarse gold and large gold-containing specimen stones) includes approximately 190 kg of specimen stone, the largest of which is 95 kg with an estimated gold content of 2,440 ounces and a second large specimen stone of 63kg with an estimated gold content of 1,620 ounces.
TORONTO, Sept. 4, 2018 /CNW/ - RNC Minerals (TSX:RNX.TO - News) ("RNC"), in its capacity as Manager of the Dumont Joint Venture (the "Joint Venture") with Arpent Inc., a subsidiary of Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Offshore Master, LP ("Waterton"), is pleased to announce that Ausenco Engineering Canada Inc. ("Ausenco") has been awarded the contract for a feasibility study update for the Dumont Nickel-Cobalt Project. Ausenco has led all of the earlier pre-feasibility and feasibility studies completed on the project.
TORONTO, Aug. 23, 2018 /CNW/ - RNC Minerals ("RNC") (TSX:RNX.TO - News) is pleased to announce it has received positive results from CRU's value-in-use market analysis on RNC's innovative roasting approach on several different nickel concentrates, including the nickel-cobalt concentrate grades expected to be produced by the Dumont Nickel-Cobalt Project ("Dumont"). "CRU's market analysis determined a significantly higher value from RNC's roasting approach over traditional smelting and refining. The 25% improvement in payability calculated for nickel concentrates would allow a producer of various nickel concentrates to realize an additional US$1.10 for every pound of nickel in concentrate produced at current $US6.00 per pound nickel prices," said Mark Selby, President and CEO of RNC Minerals.
RNC will host a call/webcast on August 15 at 10:00 a.m. (Eastern Time) to discuss Q2 2018 results. North American callers please dial: 1-888-231-8191, international callers please dial: (+1) 647-427-7450. ...
Achieved mined and milled grades 3 g/t target TORONTO , July 31, 2018 /CNW/ - RNC Minerals Corporation (" RNC ") (TSX: RNX) announces that its Beta Hunt Mine produced a total of 13,320 mined ...
TORONTO, July 23, 2018 /CNW/ - RNC Minerals ("RNC") (TSX:RNX.TO - News) is pleased to announce that the second phase of the Beta Hunt Mine sale process has been successfully completed, with the selection of a preferred bidder. RNC has granted exclusivity to this bidder to allow for completion of the final phase of the sale process (final due diligence, settlement of definitive documents, and all other steps related to the closing and completion of the transaction, which RNC expects will occur in August 2018). The sale process for RNC's 100% owned Beta Hunt Mine (announced March 22, 2018), is being led by financial advisors PCF Capital Group and Haywood Securities Inc.
TORONTO, July 23, 2018 /CNW/ - RNC Minerals ("RNC") (TSX:RNX.TO - News) announces that, further to its news release dated June 18, 2018 relating to the US$10 million RNC convertible note held by Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Onshore Master, LP (collectively, "Waterton") (which prior release indicated that, in the event the full US$10 million of principal was converted into units of the Dumont Nickel-Cobalt JV (the "JV"), RNC's interest would be diluted to approximately 28%), RNC has received a conversion notice for the full principal amount of the debenture. As a result, once the conversion is executed, RNC's interest in the JV will be diluted to approximately 28%. As a holder of a 28% interest, RNC will retain the right to nominate one of four directors, the right to act as manager and participate in all key decisions, certain veto rights, and certain liquidity rights, obligations and protections (including rights of first refusal and special exit arrangement provisions which, if applicable, would provide that both partners sell their JV interest at the same price and on the same terms, and, in certain instances, require a 120 day auction process led by a third party financial advisor to ensure the project receives an appropriate market valuation).
TORONTO, June 28, 2018 /CNW/ - RNC Minerals ("RNC") (TSX:RNX.TO - News) is pleased to announce the voting results of its annual meeting of shareholders held today in Toronto. The nominee directors listed in RNC's management information circular dated May 28, 2018 were elected as directors.
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.
TORONTO , June 1, 2018 /CNW/ - Trading resumes in: Company: ROYAL NICKEL CORPORATION TSX Symbol: RNX (all issues) Resumption (ET): 08:00 AM IIROC can make a decision to impose a temporary suspension (halt) ...
TORONTO , May 31, 2018 /CNW/ - The following issues have been halted by IIROC: Company: Royal Nickel Corporation TSX Symbol: RNX (All Issues) Reason: Pending News Halt Time (ET): 4:25 PM IIROC can make ...
TORONTO, May 31, 2018 /CNW/ - RNC Minerals (TSX:RNX.TO - News) ("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.
RNC will host a call/webcast on May 14 at 10:00 a.m. (Eastern Time) to discuss Q1 2018 results. North American callers please dial: 1-888-231-8191, international callers please dial: (+1) 647-427-7450. ...