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Mickey Fulp: A Hopeful Optimist in Today’s Markets

At this year’s Prospectors and Developers Association of Canada conference, Investing News Network spoke with Mercenary Geologist Mickey Fulp, who is hopefully optimistic in today’s resource market.

Mickey Fulp Likes US Uranium Producers

At the Vancouver Resource Investment Conference, Mickey Fulp identified Energy Fuels as a company that will prosper as the uranium price rises.

Company News

CBM Asia Applies for Management Cease Trade Order

CBM Asia Development Corp. (TSXV:TCF) applied for a management cease trade order to the British Columbia Securities Commission due to a delay in obtaining financial information and lack of funding.

Azincourt Uranium signs LOI with Macusani Yellowcake to Consolidate Properties

Azincourt Uranium signs LOI with Macusani Yellowcake to Consolidate Properties

Azincourt Uranium Inc. (TSXV:AAZ) has signed a non-binding letter of intent with Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) which contemplates the acquisition by Macusani of all of Azincourt's adjacent uranium properties on the Macusani Plateau in Peru in exchange for 68,350,000 common shares of Macusani.

Forum Uranium Locates Structural Trends, Radioactivity, Alteration at Clearwater Project

Forum Uranium Locates Structural Trends, Radioactivity, Alteration at Clearwater Project

Forum Uranium Corp.'s (TSX VENTURE:FDC) winter drill program on its 100% owned Clearwater Property has successfully identified five major structural trends with reactivated graphitic shear zones, alteration, and areas of localized radioactivity. These positive results warrant leaving the camp and drill on site to expedite the planning of a follow-up summer program with minimal start-up costs.

German Based RWE Begins Gas Deliveries to Ukraine

Deutsche Welle reported that Germany's Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas.

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Market News

BC Reverses Environmental LNG Rules

The Vancouver Sun reported that a government decision to exempt 99 percent of provincially produced natural gas from environmental assessment was reversed by the Liberal government and British Columbia Environment Minister Mary Polak on Wednesday.

Brent Crude Gains Tempered by Libyan Port Openings

Reuters reported today that U.S. Benchmark Brent crude oil prices increased to their highest on almost six weeks on expanding sanctions against Russia over issues in Ukraine. However, the price rise was halted with news of the first oil tanker being reloaded on Tuesday at Libya's Hariga port after a month long closure.

BC Coal Miners Take a Hit With Falling Prices

The Globe and Mail reported that a slump in coal prices is hurting mining in British Columbia and has caused US-based Walter Energy Inc. (NYSE:WLT) to cease mining operations in the province.

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