Business

Rentech Idles Wawa Facility; Company is now exploring Strategic Alternatives

Feb 21, 2017 @ 11:39 Rentech, Inc. announced today that its board has decided to idle the Wawa facility due to equipment and operational issues that would require additional unbudgeted capital investment. Today’s decision also results from continued uncertainty around profitability on pellets produced at the facility, making additional investment in the facility uneconomic for Rentech at this time. Idling ...

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Red Pine Stakes Additional Claims, Increases Area of Wawa Gold Project

Red Pine Exploration Inc. announces that it has staked an additional 194 hectares adjacent to its Wawa Gold Project, bringing its total land package to 5,373 hectares (Figure 1 to right). The staked ground appears to be an extension of the structure hosting the Golden Reed Mine which operated in 1907 and 1908 (calculated grade of production of 2.3 oz/ton ...

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Red Pine Exploration Seeks Funds

Red Pine Exploration Inc. is pleased to announce that it has entered into an agreement with Eventus Capital Corp. under which the Agent has agreed to act on behalf of the Company for a combined private placement of up to 16,670,000 units of the Company at a price of C$0.12 per Unit and a further 20,690,000 common shares of the ...

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Wawa Area Gold Production Surpasses 3,000,000 Ounces at end of 2015

At the end of 2015, Wawa area gold mines have produced over 3,000,000 ounces from about 13,000,000 tons of ore mined. Two gold mines in the region produced over 1,000,000 ounces of gold each: Renabie Gold Mines Ltd. (Renabie Mine) which operated from 1947 to 1991, and Wesdome Gold Mines Ltd. (Eagle River) which is still actively operating today. This is a remarkable achievement for area ...

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Rentech Aquires Weyerhaeuser Mill

At 7 a.m. this morning, Rentech announced the acquisition of Georgia-based Fulghum Fibres, Inc. (Fulghum Fibres) and the acquisition of two facilities (for conversion to the production of wood pellets in Ontario, Canada, along with contracts for the sale and transport of more than four million metric tons of wood pellets over ten years. “Rentech has exclusive rights to acquire, at a ...

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