Ursa Major Minerals - Nickelproduzent aus Kanada - 500 Beiträge pro Seite

[AcrossAsia]

Hallo,

da es hier noch keinen thread für Ursa Major Minerals gibt, soll sich dies hiermit ändern.

http://www.ursamajorminerals.com/

Ursa Major Minerals wird unverständlicherweise derzeit kaum beachtet, obwohl sogar im letzten Quartal ein Nettogewinn von Can$ 548.000 eingefahren wurde.

http://www.ursamajorminerals.com/news/pdf/101213.pdf

URSA Major Minerals Incorporated
Press Release
UMJ – TSX
December 13, 2010
URSA Major Minerals reports operational profit at Shakespeare Nickel-Copper Mine and
achieves net income of $548,202 for the quarter ended October 31, 2010
URSA Major Minerals Incorporated ("URSA Major" or the “Company”) (TSX-UMJ) announces its financial
and operating results for the three and nine months ended October 31, 2010. The Company is pleased to
announce that the Shakespeare Nickel-Copper Mine, located 70 km west of Sudbury, Ontario, produced
over 66,700 tonnes of ore and achieved a net income of $548,202 for the quarter.
Financial and Operating Highlights for the Quarter
· For the three months ended October 31, 2010, the Company recorded gross revenue of $7,271,623
on the sale of metals from the Shakespeare Mine.
· The Company reported an operating profit of $1,175,164 for the three months ended October 31,
2010. The Company’s net income for the quarter was $548,202 and cash flow from operations was
$256,226.
· The quarter ended October 31, 2010, was the second quarter of commercial production at the
Company’s Shakespeare Nickel Mine, located 70 km west of Sudbury, Ontario. Prior to June 2010,
the mine was in the pre-production mining stage.
· During the quarter, the Company delivered 66,769 tonnes of ore to Xstrata Nickel’s Strathcona Mill
for processing. The mine was in production for three months of the quarter and this was the first
complete quarter of commercial production.
· Contained metals in the delivered ore for the three months ended October 31, 2010, totalled
approximately 558,014 pounds of nickel, 623,857 pounds of copper, 38,951 pounds of cobalt and
2,298 ounces of precious metals. The recovered and contained metals are subject to smelter
recoveries and to further smelter deductions.
· For the quarter, the ore averaged 0.382% nickel, 0.427% copper, 0.027% cobalt, and 1.079
gram/tonne precious metals. This is 97% of the average budgeted grade for 2010 that is based on
the previous bulk sample and pre-production mined grades of 0.39% nickel, 0.44% copper, 0.03%
cobalt and 1.1 gram/tonne precious metals.
· The Shakespeare Mine is operating near the Company’s budgeted forecasts. Production costs for
the quarter ended October 31 were $34.60 per tonne as compared to forecasted costs for 2010 of
$33.20 per tonne of ore.
· During the quarter, the Company initiated a 2,582 meter exploration drilling program at the Nickel
Offsets Property and announced an intersection of 2.89 meters of nickel-rich massive sulphides
grading 2.90% nickel, 0.97% copper, 0.16% cobalt, 0.94 g/t platinum, 1.28 g/t palladium, and 0.11 g/t
gold. The same hole intersected an additional 2.0 meters of precious metal mineralization grading
3.04 g/t platinum, 2.00 g/t palladium, 0.82 g/t gold, with 0.07% nickel and 0.37% copper in
disseminated sulphides in the footwall of the nickel-rich massive sulphide. The Company is currently
following up the drilling program with borehole EM surveys.
· During the quarter, the Company initiated an airborne magnetic and time domain electromagnetic
survey of the Disraeli Lake areas north of Thunder Bay, Ontario. Results are anticipated prior to the
fiscal year-end on January 31, 2011.
· Subsequent to the quarter, the Company initiated a 1,600 meter drill program at the Shakespeare
Nickel Mine, targeting the eastern extension of the Shakespeare deposit. The drill holes will test for
nickel-copper-platinum group metals mineralization up to 400 metres east of, and down-plunge from,
the previous sulphide mineralized drill intersections reported in 2008.
· During the quarter, the Company appointed Mr. Jean-Pierre Colin to the board of directors, Eric Loch
as Vice President Mine Operations and Projects, Vic Hugo as Financial Controller and Interim CFO,
and Douglas Bache was engaged as Executive Advisor-Corporate Development. Subsequent to the
quarter, the Company appointed Alison Tullis as Investor Relations Manager.
The quarterly financial statements and related Management Discussion and Analysis have been filed on
SEDAR (www.sedar.com). Additionally these documents are available on URSA Major’s website at
www.ursamajorminerals.com. All amounts are in Canadian dollars unless otherwise indicated.
Richard Sutcliffe, URSA Major’s CEO commented, “We are extremely pleased to have reported a profitable
quarter for the first full three month period of commercial production at the Shakespeare Nickel Mine. The
quick achievement of profitability is a result of the hard work of our operations and head office teams. We
are particularly pleased to be in the position of funding part of our exploration through our operating cash
flow. We have completed a 2,500 meter drilling program at Nickel Offsets with very encouraging results and
our now drill testing the down dip extension of the Shakespeare deposit with the intent of expanding the
current resources below the Shakespeare east deposit. Our objective is to build URSA Major through a
combination of successful exploration, expanding production, and project acquisition.”
Outlook
To January 31, 2011, the end of the Company’s fiscal year, URSA Major anticipates the production and
delivery of approximately 200,000 tonnes of ore from the Shakespeare Mine.
Production costs for the remainder of fiscal year are forecast to be consistent with the cost of CDN$34.60/
tonne of ore reported for the third quarter. The Company also anticipates that ore grades for the remainder
of the fiscal year will remain consistent with the third quarter results. The company is in the process of
developing a mining plan and budget for 2011.
The Company’s revenues are derived from base and precious metals and the Company receives prices for
the metals that are determined by global market conditions. The Company anticipates that demand for base
and precious metals will likely remain robust for the first half of 2011. Nickel in particular is a very volatile in
price and to reduce revenue risks associated with nickel price volatility, the Company has in the past
purchased put-options to ensure a minimum price of a major component of the Company’s nickel revenue.
Currently, the Company has put options with a strike price of $19,850/tonne for 18 tonnes of nickel for
December 2010. The Company will review its option strategy in conjunction with the 2011 budget.
In the three months ended October 31, 2010, the Company began using a portion of its cash flow from
mining operations to fund part of its exploration program. The Company intends to continue this strategy in
2011. The Company is also evaluating options to accelerate and expand the drilling campaign. In addition,
and in accordance with the Company’s strategic plan, management is evaluating further opportunities for
property acquisition, particularly for copper, nickel and PGM-rich deposits.
URSA Major is awaiting the final results from a 2,580 meter diamond drilling and borehole EM program at
the Nickel Offsets Option. The Company is encouraged by initial results from the 2010 program and
anticipates that it will continue to drill targets on this property in the first half of 2011. The Company has
initiated a two hole, 1,600 meter program, targeting the eastern extension of the Shakespeare deposit. The
drill holes will test for nickel-copper-platinum group metals mineralization up to 400 metres east of, and
down-plunge from, the previous sulphide mineralized drill intersections reported in 2008. Initial results from
this exploration will be reported during first quarter of 2011. URSA Major has also recently completed an
airborne magnetic and time domain electromagnetic survey of the Disraeli lake area, north of Thunder Bay,
Ontario and anticipates results prior to year end. This property is interpreted to be a similar geological
environment to Magma Metals’ property that contains the Current Lake platinum group metal discovery.
The Company has completed a full positive feasibility study at Shakespeare that evaluated an open pit mine
and 4,500 tpd on site concentrator. The execution of this project remains a baseline strategy for the
Company and it continues to be evaluated at the management and board levels.
About URSA Major Minerals - URSA Major is a Canadian mining company with two nickel sulphide projects
containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is
focused on demonstrating profitable operations at the Shakespeare Mine and growing its nickel, copper and
platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.
CONTACT: Dr. Richard Sutcliffe, President & CEO
Alison Tullis, Investor Relations Manager
Phone: [phone]
[e-mail]
http://www.ursamajorminerals.com/
Address: 8 King Street East, Suite #1300, Toronto, Ontario, Canada M5C 1B5
Symbol & Exchange: UMJ – TSX
This release was prepared by management of the Company who takes full responsibility for its contents. The
TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that
could cause actual results to differ materially. Such forward-looking statements include comments regarding
mining and milling operations, mineral resource statements and exploration program performance. Factors that
could cause actual results to differ materially include metal price volatility, economic and political events
affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or
processing problems, exploration programs and future results of exploration programs, future profitability and
production.
This press release is not for distribution to any U.S. news wire service or for dissemination in the United States



Die Heimatbörse ist die Toronto Stock Exchange (TSX).

Grüsse AcrossAsia

[hbg55]

Antwort auf Beitrag Nr.: 40.879.228 von AcrossAsia am 18.01.11 11:39:30

thx für thr.- eröffng., AA - in der tat ne vielversprechende story mit
noch einigem potential !!!


wer noch abisl meeeehr von der comp. erfahren möchte, dem sei
die akt. pres. aus 11.2010 empfohlen......


http://www.ursamajorminerals.com/investors/pdf/ursa-major-pr…





RT...cad 0,185

[hbg55]

Antwort auf Beitrag Nr.: 40.881.774 von hbg55 am 18.01.11 16:40:36

diser eindruck wird auch von einigen INSIDERN geteilt, die jüngst sich
teilweise schöööööne pakete schnappten........


Ursa Major Minerals Incorporated (UMJ)
As of January 17th, 2011

Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price


Jan 07/11 Jan 07/11 Anderson, Trevor Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.200
Jan 07/11 Jun 19/08 Anderson, Trevor Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Dec 22/10 Dec 21/10 Inspiration Mining Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.185
Dec 22/10 Dec 21/10 Inspiration Mining Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 2,171,000 $0.190
Dec 17/10 Dec 15/10 Inspiration Mining Corporation Direct Ownership Common Shares [Amended Filing] 10 - Acquisition in the public market 165,000 $0.185
Dec 16/10 Dec 14/10 Inspiration Mining Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 300,000 $0.180
Dec 16/10 Dec 14/10 Inspiration Mining Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.185
Dec 11/10 Sep 29/10 Colin, Jean-Pierre Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Dec 11/10 Dec 02/10 Colin, Jean-Pierre Control or Direction Common Shares [Amended Filing] 10 - Acquisition in the public market 100,000 $0.130
Dec 01/10 Nov 25/10 Inspiration Mining Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 200,000 $0.140

http://www.canadianinsider.com/coReport/allTransactions.php?…

[hbg55]

Antwort auf Beitrag Nr.: 40.881.922 von hbg55 am 18.01.11 16:56:06

...sehen von daher akt. attr. zustiegs- chancen....IMO

[hbg55]

Antwort auf Beitrag Nr.: 40.882.122 von hbg55 am 18.01.11 17:17:01

...noch besser zu erkennen auf folg. chart.......





gestern klopften wir schon mal an der 0,20- marke an, bevor leichte gewinn-
mitnahmen einsetzten und uns mit SK 0,195 ins WE schickten.......

Recent Trades - Last 10 of 37
Time ET Ex Price Change Volume Buyer Seller Markers


15:53:35 T 0.195 0.01 7,000 19 Desjardins 80 National Bank K
15:51:45 T 0.195 0.01 5,000 19 Desjardins 19 Desjardins K
15:40:14 T 0.19 0.005 16,500 7 TD Sec 33 Canaccord K
15:40:14 T 0.19 0.005 5,000 58 Qtrade 33 Canaccord K
15:40:14 T 0.19 0.005 50,000 54 Global 33 Canaccord K
15:27:44 T 0.195 0.01 20,000 7 TD Sec 33 Canaccord K
15:27:44 T 0.195 0.01 8,500 54 Global 33 Canaccord K
15:16:07 T 0.20 0.015 200 19 Desjardins 89 Raymond James E
15:16:07 T 0.20 0.015 2,000 19 Desjardins 7 TD Sec K
15:13:41 T 0.20 0.015 1,000 7 TD Sec 7 TD Sec K

[hbg55]

Antwort auf Beitrag Nr.: 40.907.745 von hbg55 am 22.01.11 16:11:12

nicht minder erfreulich die entwicklung des nickelpreises selbst....immerhin
ein anstieg von satten 40% innerhalb des vergangenen jahres........








akt.....usd 11.93 lb

[Peterkles]

Sieht sehr interessant aus. Bin seit letzter Woche mit einer kleinen Position zu 0,175 dabei.

[hbg55]

Brokered Private Placement For Up To $2,580,000

Jan. 26, 2011 (Market News Publishing) --
URSA MAJOR MINERALS INC ("UMJ-T") - Brokered Private Placement For Up To $2,580,000

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

URSA Major Minerals Incorporated ("URSA Major" or the "Company") is pleased to announce that it is offering up to 7,500,000 flow-through common shares of the Company ("FT Common Shares") at a price of $0.20 per FT Common Share for gross proceeds of $1,500,000, and up to 6,000,000 units (the "Units") at a price of $0.18 per Unit for gross proceeds of up to $1,080,000, for total aggregate gross proceeds of $2,580,000 (the "Offering"). Each Unit will consist of one common share of the Company (the "Common Share") and one half common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.24 per share for the first year following the closing date, and $0.30 per share for the second year following the closing date.

Loewen, Ondaatje, McCutcheon Limited has agreed to act as agent for and on behalf of the Company (the "Agent"), on a best efforts agency basis with respect to the Offering, pursuant to which they will receive an aggregate cash commission of 7% of the gross proceeds raised in the Offering, as well as such number of broker warrants (the "Broker Warrants") as is equal to 7% of the aggregate number of Units and FT Common Shares issued pursuant to the Offering. Each Broker Warrant shall be exercisable to acquire one Common Share at a price of $0.18 in the case of Units and $0.20 in the case of FT Common Shares for a period of 24 months from the closing date.

Any securities to be issued pursuant to the Offering will be subject to a hold period of four months from the closing date in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.

The proceeds of the offering will be used for continuing exploration on the Company's existing properties and general administrative expenses.

Richard Sutcliffe, URSA Major's President and CEO stated, "The proceeds of this financing will provide the Company with the capability to accelerate its current exploration program at the Shakespeare nickel-copper deposit, Nickel Offsets property and other Ontario properties. The Company will continue to drill down plunge from the Shakespeare East Deposit where we anticipate an opportunity to significantly expand the current nickel-copper resources at Shakespeare. Currently we are drill testing a strong borehole EM conductor down-plunge from known mineralization. In addition, we intend to conduct further drilling at Nickel Offsets, where we have outlined high grade nickel-copper-platinum group metal targets from the drilling program in late 2010. Through the use of airborne electromagnetic and magnetic surveys we have also identified targets for nickel, copper and platinum group metals potential on our Thunder Bay properties."

In response to a request for a shareholder meeting, URSA Major has scheduled a special meeting of shareholders for March 3, 2011.

About URSA Major Minerals Incorporated

URSA Major is a Canadian mining company with two nickel sulphide projects containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.

This release was prepared by management of the Company who takes full responsibility for its contents.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

TSX closing price for UMJ

Date: 2011/01/25

Closing Price: 0.205

____________________________________________________________ (c)2011 Market News Publishing Inc. All rights reserved. Toronto416)366-8881 Vancouver604)689-1101 Fax[phone]

1102500057NT21102501144-06442620110126

TEL: [phone] URSA Major Minerals Incorporated Dr. Richard Sutcliffe, President & CEO Alison Tullis, Investor Relations Manager E-mail: [e-mail] Website: www.ursamajorminerals.com ______________________________ _______________________________________________

[AcrossAsia]

Antwort auf Beitrag Nr.: 40.931.976 von hbg55 am 26.01.11 21:42:50

Na das hört sich doch nicht schlecht an...... Der Wert wird noch nicht allzusehr wahrgenommen. Ende Januar geht das Geschäftsjahr zuende. Ich kann mir durchaus vorstellen, dass auch im jetzigen Quartal ein Gewinn nach Steuern erwirtschaftet wird.

Hier ist Geduld gefragt.

Gruß AcrossAsia

[AcrossAsia]

Antwort auf Beitrag Nr.: 40.932.100 von AcrossAsia am 26.01.11 21:58:18

Jan 31, 2011
URSA Major Minerals Closes Brokered Private Placement for $2,471,820
This news release is not for distribution to any U.S. newswire service or for dissemination in the United States

TORONTO, ON, January 31, 2011 -- URSA Major Minerals Incorporated ("URSA Major" or the "Company") is pleased to announce that it has closed its offering of 7,500,000 flow-through common shares of the Company ("FT Common Shares") at a price of $0.20 per FT Common Share for gross proceeds of $1,500,000, and 5,399,000 units (the "Units", and together with the FT Common Shares, the "Offered Securities") at a price of $0.18 per Unit for gross proceeds of $971,820, for total aggregate gross proceeds of $2,471,820 (the "Offering"). Each Unit will consist of one common share of the Company (the "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.24 per share for the first year following the closing date, and $0.30 per share for the second year following the closing date.

As detailed in the Company's press release of 9:00am, January 31, 2011, Loewen, Ondaatje, McCutcheon Limited (the "Agent") agreed to act as agent for and on behalf of the Company, on a best efforts agency basis with respect to the Offering, pursuant to which they received an aggregate cash commission of 7% of the gross proceeds raised in the Offering, as well as such number of broker warrants (the "Broker Warrants") as is equal to 7% of the aggregate number of Offered Securities issued pursuant to the Offering. Each Broker Warrant shall be exercisable to acquire one Common Share (a "Broker Share") at a price of $0.19 per Broker Share for a period of 24 months from the closing date.
Any securities issued are subject to a hold period of four months from the closing date in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The proceeds of the offering will be used for continuing exploration on the Company's existing properties and general administrative expenses.

URSA Major has scheduled a special meeting of shareholders for March 3, 2011, in response to a requisition for a shareholder meeting received from Inspiration Mining Corporation ("ISM") dated October 29, 2010. ISM, according to their press release dated January 27, 2011, was a 19.7% shareholder in URSA Major (based on the number of issued and outstanding shares of URSA Major prior to completion of the Offering) and is now a 16.467% shareholder in URSA Major (based on the number of issued and outstanding shares of URSA Major after completion of the Offering). ISM requisitioned the meeting for the purpose of "the election of a board of directors as proposed by [ISM]." ISM has delivered a notice of application to URSA Major advising that ISM will be bringing an application in the Ontario Superior Court of Justice (Commercial List) under sections 106(i) and 248 of the Business Corporations Act, Ontario seeking a declaration that the private placement be reversed. URSA Major intends to vigorously defend its position.

About URSA Major Minerals Incorporated
URSA Major is a Canadian mining company with two nickel sulphide projects containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on demonstrating profitable operations at the Shakespeare Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.


CONTACT:
Dr. Richard Sutcliffe, President & CEO
Alison Tullis, Investor Relations Manager
Phone: [phone] begin_of_the_skype_highlighting 416-864-0615 end_of_the_skype_highlighting
[e-mail]
http://www.ursamajorminerals.com/


Address: 8 King Street East, Suite #1300, Toronto, Ontario, Canada M5C 1B5
Symbol and Exchange: UMJ -- TSX

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

This press release is not for distribution to any U.S. news wire service or for dissemination in the United States.



You can view the Previous News Releases item: Mon Jan 31, 2011, URSA Major Minerals Receives Approval for Brokered Private Placement for up to $2,472,000

http://www.ursamajorminerals.com/s/NewsReleases.asp?ReportID…

[hbg55]

Antwort auf Beitrag Nr.: 40.958.229 von AcrossAsia am 01.02.11 08:29:23

wooow.......DAS ging ja verdammt schnell !!!!

[AcrossAsia]

Feb 02, 2011

URSA Major Minerals Requests Inspiration Mining Provide Proposed Director Nominees and Calls Off Special Meeting of Shareholders
TORONTO, ON, February 2, 2011 -- URSA Major Minerals Incorporated ("URSA Major" or the "Company") had scheduled a special meeting of shareholders for March 3, 2011, in response to a requisition for a shareholder meeting received from Inspiration Mining Corporation ("ISM") dated October 29, 2010. ISM requisitioned the meeting for the purpose of "the election of a board of directors as proposed by [ISM]".

Despite numerous requests from URSA Major's management and legal counsel, ISM has refused to provide proposed nominations for the board of directors of URSA Major. URSA Major further notes that the ISM requisition has no business plan with regards to managing URSA Major's operations at the Shakespeare Nickel-Copper Mine or to advance URSA Major's current exploration program.

As a result of ISM's failure to provide proposed nominees to the board of directors of URSA Major, URSA Major will not be holding a shareholders' meeting on March 3, 2011 as URSA Major cannot adequately notify shareholders of the business to be conducted at the meeting unless shareholders are advised as to the names of Inspiration's proposed nominees. URSA Major has cancelled the special meeting of shareholders to only be re-established at such time as URSA Major is in receipt of information from ISM as to its nominee directors.
ISM has delivered a notice of application to URSA Major advising that ISM will be bringing an application in the Ontario Superior Court of Justice (Commercial List) under sections 106(i) and 248 of the Business Corporations Act, Ontario seeking a declaration that the private placement that closed on January 31, 2011 be reversed. URSA Major intends to vigorously defend its position.

URSA Major intends to use the proceeds raised from its private placement of January 31, 2011 to accelerate its current exploration program at the Shakespeare nickel-copper deposit, Nickel Offsets property and other Ontario properties.

URSA Major believes that ISM is a 16.5% shareholder in URSA Major (based on the number of issued and outstanding shares of URSA Major after completion of the Offering on January 31, 2011).

About URSA Major Minerals Incorporated
URSA Major is a Canadian mining company with two nickel sulphide projects containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.

CONTACT:
Dr. Richard Sutcliffe, President

http://www.ursamajorminerals.com/s/NewsReleases.asp?ReportID…

[hbg55]

Antwort auf Beitrag Nr.: 40.881.922 von hbg55 am 18.01.11 16:56:06

...und die INSIDER schnappen weiter zu.........diesmal mr. ross, ein
mitglied des audit committees und CEO von QUEST CAPITAL CORP......


Ursa Major Minerals Incorporated (UMJ)
As of February 2nd, 2011[/b]

Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price

Feb 02/11 Jan 31/11 Arnold, Ross H. Direct Ownership Common Shares 11 - Acquisition carried out privately 1,000,000 $0.180

Feb 02/11 Feb 17/10 Arnold, Ross H. Direct Ownership Common Shares 11 - Acquisition carried out privately 920,000 $0.100

[AcrossAsia]

News Releases

Feb 10, 2011
URSA Major Minerals updates exploration plans for its Ontario Nickel, Copper and PGM projects and fourth quarter operations at the Shakespeare Mine
TORONTO, ON, February 10, 2011 -- URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) is pleased to provide an update on exploration plans for the Company's nickel, copper and PGM projects in 2011 and provide results from the fourth quarter mining operations.

Highlights include:
• Drilling and borehole geophysics at the Shakespeare East target identified additional sulphide mineralization and a strong borehole EM conductor 200 meters east of previous drill intersections;
• Nickel Offsets drilling and borehole geophysics provided additional high-grade massive sulphide targets below the 1550 foot level of the past-producing mine workings;
• Acquired an additional PGM property in the Thunder Bay area and airborne geophysical survey completed at Disraeli Lake property;
• Shakespeare Mine delivered 64,947 tonnes of ore at a grade of 0.34% nickel, 0.40% copper, and 0.98 g/t PGM in quarter ended January 31, 2011, compared with 66,769 tonnes at a grade of 0.38% nickel, 0.43% copper, and 1.08 g/t PGM in the previous fiscal quarter.

URSA Major Minerals' President and CEO, Richard Sutcliffe, commented "Our main focus during the past two years has been to bring the Shakespeare Mine into profitable production. During the past year, we have demonstrated that consistent ore production and grades can be achieved at Shakespeare. We have now shifted our attention to expanding exploration activity in order to develop the resources at our Ontario properties with an immediate goal to increase the size of our Shakespeare deposit and assess the potential for underground production. We continue to evaluate various options to improve the economics of a proposed 4,500 tpd mining and milling operation contained in the 2008 feasibility study. In addition to the Shakespeare program, we continue exploration of the highly prospective Nickel Offsets Property and our PGM properties in the Thunder Bay area."

Shakespeare East Exploration -- The strike length of mineralization at Shakespeare is currently defined over 1.4 kms and includes the producing West Pit, the fully permitted Shakespeare East Deposit discovered by URSA Major in 2002, and the down plunge resources extending east from the Shakespeare East Deposit. The Shakespeare East Deposit remains open down plunge to the northeast. Highlights of previous drilling east of the planned Shakespeare East Pit, that intersected significant widths of mineralization include (see July 8, 2008 press release): U3-112 with 3.0 metres of 0.87% nickel, 0.28% copper, 0.06% cobalt and 0.72 g/t precious metals and 11.0 meters of 0.48% nickel, 0.59% copper, 0.03% cobalt and 1.39 g/t precious metals and; U3-113 with 13.0 meters of 0.46% nickel 0.59% copper, 0.03% cobalt and 1.31 g/t precious metals.

In December 2010, URSA Major initiated a drill program to test the down plunge extension of the Shakespeare East Deposit. An immediate goal of the program is to expand the size of the Shakespeare East Deposit and assess the potential of underground production from this section of the Deposit. A long section illustrating the proposed targets in relation to the current mining operations, reserves and resources and previous drilling is available on the Company's website at www.ursamajorminerals.com.

To date, the Company has drilled two holes totalling 1,365 meters on the Shakespeare East down plunge target. U8-01, located 200 meters northeast of previous drilling by the Company, was drilled to a depth of 798 meters and intersected a narrow 0.35 meter interval of sulphide mineralization at 684 meters that was truncated by a fault structure. A borehole time domain electromagnetic (EM) survey identified a strong off-hole conductive response at a depth of 675 meters down the hole. Modelling indicated a conductive plate with a 60o north dip and terminating just above the trace of U8-01. This orientation is consistent with that of the Shakespeare mineralization. Hole U8-01 is located east of the 100% owned Shakespeare property on ground that is currently under a joint venture agreement with Xstrata Nickel. URSA Major has earned a greater than 81% interest in the property, subject to certain back-in rights to Xstrata. A follow up hole, U8-02 has been collared to test the conductive response detected above U8-01.

Hole U3-115, located on property that is 100% owned by the Company and 60 meters northeast of hole U3-112 was drilled to a depth of 567 meters. This drill hole intersected 30.0 meters of sulphide mineralization from a depth of 472.1 to 502.1 meters down hole. Assay samples from U8-01 and U3-115 are in process.

Based on the encouraging results to date, URSA Major intends to use part of the proceeds from the recent financing to accelerate and expand this exploration program. The Company plans to complete approximately 7,000 meters of drilling, a new resource estimate on the Shakespeare East down plunge extension and conduct a preliminary economic analysis of underground mining of this resource. P&E Mining Consultants Inc. has been engaged to produce a technical report on the updated resource estimate and economic analysis. The work program will take approximately six months to complete.

The Company regrets to report that on January 18, an accident resulting in a critical injury to a contracted drill operator occurred at the Shakespeare East exploration site. The accident was investigated by the Ontario Ministry of Labour and a stop work order was issued for the specific diamond drill equipment. Contrary to initial reports in the local press, this accident did not affect operations at the Shakespeare Mine. The Company anticipates that drilling will resume early next week, once the equipment has been fitted with additional safety guards. The Company appreciates and thanks site employees and contractors for their decisive first aid treatment and rapid evacuation of the injured driller. Our thoughts are with the injured man and his family and wish him an expeditious recovery.

Nickel Offsets Property -- At Nickel Offsets, the Company completed a seven hole, 2,582 meter diamond drilling program in November 2010. Since optioning the Nickel Offsets Property in 2008, URSA has undertaken two diamond drill programs totalling 4,389 meters in 12 holes.

Assay results for holes U15-6, 7, and 10 were reported on November 24, 2010. Hole U15-10 is of particular interest, intersecting 2.89 meters of nickel-rich massive sulphides grading 2.90% nickel, 0.97% copper, 0.16% cobalt, 0.94 g/t platinum, 1.28 g/t palladium, and 0.11 g/t gold. Hole U15-10 also intersected an additional 2.0 meters of platinum group metal mineralization grading 3.04 g/t platinum, 2.00 g/t palladium, 0.82 g/t gold, with 0.07% nickel and 0.37% copper in disseminated sulphides in the footwall of the nickel-rich massive sulphides. As reported in November, holes U15-8, 9, 11 and 12 did not intersect visually significant sulphides, and subsequent careful logging and assaying for potential precious metal bearing disseminated sulphides did not reveal any significant mineralization.

Drilling to date indicates that the previously mined number 2 and 4 ore lenses were probably truncated by a longitudinal fault structure that parallels the strike of the offset dyke and the contained mineralization. URSA Major contracted Crone Geophysics to conduct bore-hole time-domain EM surveys of the recently drilled holes to target new massive sulphide lenses. Hole U15-8 targeted the interpreted down-dip extension of lens 3, below the 1550 foot level of the past producing Nickel Offset No. 1 Mine. While this diamond drill hole did not encounter significant sulphides, a bore-hole EM survey of hole U15-8 has defined a conductive target down plunge from lens 3 and below the existing mine workings. The results of current drilling and the geophysical surveys will be compiled into a 3-dimensional model to generate targets for the next round of drilling. The Company plans to complete a five hole, 2,500 meter program with further bore-hole EM surveys at Nickel Offsets over the next six months.

The Nickel Offsets Property consists of 12 contiguous patented mining claims and five unpatented mining claims covering a total of 358 ha (884 acres). The highly prospective property is located 15 km northeast of Vale's Coleman Mine and Xstrata Nickel's Strathcona mill. The Foy Offset Dyke is one of four major nickel and copper mineralized offset dykes in the Sudbury Basin. Nickel-Copper-PGE mineralization on URSA Major's Nickel Offsets Property is typical of that hosted by quartz diorite offset dykes in the Sudbury mining camp. Examples include the significant deposits at Vale's North and South Mines hosted by the Copper Cliff offset dyke; Vale's Totten deposit under development in the Worthington offset dyke; and Quadra FNX's recent discovery on its Victoria project, also hosted in the Worthington offset dyke. URSA Major has successfully utilized diamond drilling and bore-hole EM geophysics to target and identify nickel-copper sulphide mineralization which also carries high-grade platinum group metal values.

URSA Major has an option to earn a 70% interest in the property from United Reef Limited (TSXV:URP). (See March 6, 2008 press release for the terms of the option agreement.) The historical pre-production resource at the Nickel Offsets Mine (pre NI 43-101 -- see below) was 359,000 tons grading 1.9 % Ni and 1.45 % Cu (Nickel Offset Mines Limited Annual Report 1940). Between 1943 and 1957, the Nickel Offsets Mine, produced 208,551 tons of nickel and copper ore with reported recoveries of 4.56 million lbs of nickel and 3.32 million lbs of copper. Historical underground exploration and mining development at the Nickel Offset Mine included 1,599 feet of shaft sinking, approximately 10,000 feet of drifting and 3,980 feet of raising on nine levels at the No. 1 Mine and 1,056 feet of shaft sinking, approximately 6,000 feet of drifting and 410 feet of raising on five levels in the No. 2 Mine.

Thunder Bay Properties -- In November 2010, URSA Major contracted Aeroquest Limited to complete a 610 line km airborne magnetic and time domain EM survey of the Company's Disraeli Property (total 207 claim units) that hosts ultramafic and gabbroic intrusions and is located 25 km north of Magma Metals' Thunder Bay North Property. In late November, URSA Major also acquired 144 claim units on the Seagull Intrusion that are contiguous with the Disraeli property. The Seagull Intrusion is known to contain platinum-palladium mineralization with selected drill results of up to 7.9 g/t platinum plus palladium and gold, 0.47% copper and 0.33% nickel reported on adjacent ground in 2005. The Disraeli property has several copper showings hosted by both intrusive rocks and Sibley group sediments. The Company is naming the combined property the Fox Mountain project.

The Aeroquest survey identified a number of anomalous targets that are being evaluated for drilling. The Company is targeting a similar geologic environment as the Magma Metals Current Lake deposit, the Duluth complex and Marathon PGM's recently sold property in Marathon, ON. Proceeds from the recent financing will fund follow up exploration on the Fox Mountain property.

Shakespeare Nickel-Copper Mine -- In the fourth quarter ended January 31, 2011, URSA Major delivered 64,947 tonnes of ore the Strathcona Mill at an average grade of 0.34% nickel, 0.40% copper, 0.02% cobalt, 0.36 g/t platinum, 0.39 g/t palladium, 0.19 g/t gold, and 2.25 g/t silver compared with 66,769 tonnes at a grade of 0.38% nickel, 0.43% copper, 0.03% cobalt and 1.08 g/t PGM in the previous fiscal quarter. The grade for the fourth quarter was approximately 90% of budgeted grade. Shipments for the year ended January 31, 2011 totalled 198,181 tonnes of ore. The Company will provide guidance on anticipated production for 2011 mining operations and it is anticipated that produced tonnes and grade will be similar to the results for the past year. Mining at Shakespeare and trucking at a nominal rate of 1,000 tonnes per day will continue until approximately March 15th when trucking operations will be temporarily suspended due to the spring season half-load trucking restriction. This restriction is an annual event and is taken into consideration in the annual operating plan for the Mine. Trucking resumes when the spring load restriction is removed by the Municipality of Sudbury, which typically occurs in late May.
URSA Major intends to use the proceeds raised from its private placement of January 31, 2011 to accelerate and expand its exploration programs at the Shakespeare nickel-copper deposit, Nickel Offsets property and other Ontario properties. Inspiration Mining Corporation ("ISM") has delivered a notice of application to URSA Major advising that ISM will be bringing an application in the Ontario Superior Court of Justice (Commercial List) under sections 106 and 248 of the Business Corporations Act, Ontario seeking a declaration that the private placement that closed on January 31, 2011 be reversed. URSA Major intends to vigorously defend its position. URSA Major believes that ISM is a 16.5% shareholder in URSA Major (based on the number of issued and outstanding shares of URSA Major after completion of the Offering on January 31, 2011).

About URSA Major Minerals Incorporated
URSA Major is a Canadian mining company with an operating nickel-copper mine in the Sudbury area and nickel sulphide deposits containing significant NI 43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine, expanding its nickel, copper and platinum group metal (PGM) production and increasing mineral resources through exploration and development, primarily in Ontario, Canada.
NI43-101. Harold Tracanelli, P.Geo. is the qualified person for drilling results reported from the Nickel Offsets and Shakespeare properties and has reviewed and approved the contents of this release.

CONTACT:
Dr. Richard Sutcliffe, President & CEO
Alison Tullis, Investor Relations Manager
Phone: [phone] begin_of_the_skype_highlighting 416-864-0615 end_of_the_skype_highlighting
[e-mail]
http://www.ursamajorminerals.com/

Address: 8 King Street East, Suite #1300, Toronto, Ontario, Canada M5C 1B5
Symbol & Exchange: UMJ -- TSX

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

This press release is not for distribution to any U.S. news wire service or for dissemination in the United States.



You can view the Previous News Releases item: Wed Feb 2, 2011, URSA Major Minerals Requests Inspiration Mining Provide Proposed Director Nominees and Calls Off Special Meeting of Shareholders

You can return to the main News Releases page, or press the Back button on your browser.


ist schon "faszinierend", dass sich für diese profitable company keine S.. interessiert.

Aber das wird sich bald änden....da bin ich mir sicher.

AcrossAsia

[AcrossAsia]

Feb 22, 2011
URSA Major Minerals Retains Strategic Advisor
TORONTO, ON, February 22, 2011 -- URSA Major Minerals Incorporated ("URSA Major" or the "Company") has retained Raymond James Ltd. ("Raymond James") as its strategic advisor. Raymond James will assist the Company in evaluating strategic merger and acquisition opportunities. In connection with the Company's plan to expand the Shakespeare Mine and construct an on-site concentrator, Raymond James will assist with evaluating development options and financing alternatives. Raymond James Ltd. is the Canadian arm of Raymond James Financial, Inc., one of North America's leading full service investment dealers.

Richard Sutcliffe, URSA Major's CEO commented "There is significant value to unlock in URSA Major, especially through the expansion of the Shakespeare Mine and surrounding resources. Our main focus during the past year has been to bring the Shakespeare Mine into profitable production and demonstrate that consistent ore production and grades can be achieved at Shakespeare. We have recently expanded our exploration activity in order to develop the resources at our Ontario properties with an immediate goal to increase the size of our Shakespeare deposit. We now aim to grow the Company by seeking attractive merger and acquisition opportunities. We believe that our relationship with Raymond James will accelerate our value creation plans."

The Shakespeare Nickel-Copper Mine is currently in production as an open pit mine and has produced 198,181 tonnes of ore in the fiscal year ended January 31, 2011. Management continues to evaluate development alternatives under a fully permitted, positive 2008 feasibility study to construct an on-site concentrator and generate enhanced project economics. The Shakespeare operation has been substantially de-risked through the current open pit mining, crushing and ore processing that confirms ore grades and metal recovery.

About URSA Major Minerals Incorporated
URSA Major is a Canadian mining company with an operating mine in the Sudbury area and nickel sulphide deposits containing significant NI 43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine, expanding its nickel, copper and platinum group metal (PGM) production and increasing mineral resources through exploration and development, primarily in Ontario, Canada.

CONTACT:
Dr. Richard Sutcliffe, President & CEO
Alison Tullis, Investor Relations Manager
Phone: [phone] begin_of_the_skype_highlighting 416-864-0615 end_of_the_skype_highlighting
[e-mail]
http://www.ursamajorminerals.com/


Address: 8 King Street East, Suite #1300, Toronto, Ontario, Canada M5C 1B5
Symbol & Exchange: UMJ -- TSX

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

This press release is not for distribution to any U.S. news wire service or for dissemination in the United States.



You can view the Previous News Releases item: Thu Feb 10, 2011, URSA Major Minerals updates exploration plans for its Ontario Nickel, Copper and PGM projects and fourth quarter operations at the Shakespeare Mine

You can return to the main News Releases page, or press the Back button on your browser.

http://www.ursamajorminerals.com/s/NewsReleases.asp?ReportID…

[AcrossAsia]

Feb 24, 2011
URSA Major Minerals receives favourable decision from Ontario Superior Court in decision to cancel special meeting of shareholders
TORONTO, ON, February 24, 2011 -- URSA Major Minerals Incorporated ("URSA Major" or the "Company") is pleased to announce that it has received a favourable decision from the Ontario Superior Court of Justice (Commercial List) regarding the Company's cancellation of a previously scheduled special meeting of shareholders called in response to a requisition for a shareholder meeting received from Inspiration Mining Corporation ("ISM").

ISM requisitioned the meeting for the purpose of "the election of a board of directors as proposed by [ISM]". Despite numerous requests from URSA Major's management and legal counsel, ISM refused to provide their proposed nominations for the board of directors of URSA Major. On February 2, 2011, as a result of ISM's failure to provide proposed nominees to the board, URSA Major cancelled the shareholders' meeting that had been scheduled for March 3, 2011.

Subsequently, ISM filed a motion with the Ontario Superior Court of Justice to have the court set a shareholder meeting date. After hearing the case on February 22, 2011, the Ontario Superior Court dismissed ISM's motion on the basis that ISM's shareholder meeting requisition was invalid.

In addition, ISM has also delivered a notice of application in the Ontario Superior Court of Justice (Commercial List) under sections 106 and 248 of the Business Corporations Act, Ontario seeking, among other things, a declaration that the private placement that closed on January 31, 2011 be reversed. URSA Major intends to vigorously defend its position.

About URSA Major Minerals Incorporated
URSA Major is a Canadian mining company with an operating mine in the Sudbury area and nickel sulphide deposits containing significant NI 43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine, expanding its nickel, copper and platinum group metal (PGM) production and increasing mineral resources through exploration and development, primarily in Ontario, Canada.

CONTACT:
Dr. Richard Sutcliffe, President & CEO
Alison Tullis, Investor Relations Manager
Phone: [phone] begin_of_the_skype_highlighting 416-864-0615 end_of_the_skype_highlighting
[e-mail]
http://www.ursamajorminerals.com/


Address: 8 King Street East, Suite #1300, Toronto, Ontario, Canada M5C 1B5
Symbol & Exchange: UMJ -- TSX

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

This press release is not for distribution to any U.S. news wire service or for dissemination in the United States.



You can view the Previous News Releases item: Tue Feb 22, 2011, URSA Major Minerals Retains Strategic Advisor

You can return to the main News Releases page, or press the Back button on your browser.

http://www.ursamajorminerals.com/s/NewsReleases.asp?ReportID…

[SteirerMan]

Antwort auf Beitrag Nr.: 41.102.451 von AcrossAsia am 24.02.11 20:02:35

URSA Major Minerals Receives Favourable Ontario Superior Court Decision Dismissing Inspiration Mining's Application to Reverse Private Placement
3/2/2011 11:34:12 AM - NFD

TORONTO, ONTARIO, Mar 2, 2011 (Marketwire via COMTEX News Network) --

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) is pleased to announce that on March 1, 2011, the Ontario Superior Court of Justice dismissed Inspiration Mining Corporation's ("ISM") court application, in which ISM sought, among other relief, to reverse the private placement that URSA Major closed on January 31, 2011 and to restrict the rights of the private placees to vote at the next shareholder meeting of URSA Major. After legal argument, a judge of the Ontario Superior Court confirmed that ISM's application was dismissed in its entirety with written reasons to follow. The court has also advised that ISM will be ordered to pay $11,000 in costs in favour of URSA Major.

This is the second favourable court decision that URSA Major has received in the past week from the Ontario Superior Court of Justice (Commercial List) in relation to motions brought forward by ISM. Previously, on February 23, 2011, the Ontario Superior Court dismissed ISM's motion to have the court set a shareholder meeting date. After hearing the case on February 22, 2011, the Ontario Superior Court dismissed ISM's motion on the basis that ISM's shareholder meeting requisition was invalid.

Richard Sutcliffe, URSA Major's CEO, stated "We are satisfied with the recent court decisions regarding the proceedings brought by ISM and with this behind us we can drive forward with our business plan to create increased value in URSA Major. We will continue to focus our attention on the expansion of the Shakespeare Mine and surrounding resources. With the proceeds of the recent financing, we expanded our exploration activity and the immediate goal is to increase the size of our Shakespeare deposit by targeting the down plunge extension of the deposit. In addition, we aim to grow the Company by seeking attractive merger and acquisition opportunities an d are working closely with Raymond James as our strategic advisor to accelerate our value creation plans."

About URSA Major Minerals Incorporated

URSA Major is a Canadian mining company with an operating mine in the Sudbury area and nickel sulphide deposits containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine expanding its nickel, copper and platinum group metal production and increasing mineral resources through exploration and development, primarily in Ontario, Canada.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

SOURCE: URSA Major Minerals Incorporated

[SteirerMan]

guten morgen die herren!!!

was ich noch sagen wollte,.....

sorry, hab mich mit dem letzten post ohne kommentar einfach so reingedrängt ....wahrscheinlich dachte ich, wenn ich mich ganz ruhig verhalte, bekommt es keiner mit!!! ...das war ja auch nicht ganz unrichtig

aber, AcrossAsia senks für den thread, und wenn ich darf, würde ich gern hier mit euch ein bissl mitspielen

...und ich hab uns auch was mitgebracht:



Mar 14, 2011 10:03 ET
URSA Major Minerals Provides Production Forecast and Exploration Update for the Shakespeare Mine

TORONTO, ONTARIO--(Marketwire - March 14, 2011) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) is pleased to provide production guidance for mining operations at the Company's Shakespeare Nickel-Copper Mine located 70 km west of Sudbury, Ontario.

Highlights:

* Total shipments for year to total 199,000 tonnes of ore grading 0.373% nickel, 0.419% copper, 0.027% cobalt, 0.397 g/t platinum, 0.420 g/t palladium, 0.252 g/t gold (plus silver equivalent);
* Revenues from metal sales forecasted to be $18.2 million;
* Significantly increased exploration program, specifically at Shakespeare East down-plunge extension.

This is the second year of open pit mining operations at Shakespeare with truck haulage to the Strathcona Mill. For the fiscal year ending January 31, 2012 ("fiscal 2012"), URSA Major forecasts production of approximately 199,000 tonnes of ore at an average grade of 0.373% nickel, 0.419% copper, 0.027% cobalt, 0.397 g/t platinum, 0.420 g/t palladium, 0.252 g/t gold (plus silver equivalent). This compares with 198,191 tonnes at a grade of 0.357% nickel, 0.408% copper, 0.024% cobalt, 0.373 g/t platinum, 0.410 g/t palladium, 0.247 g/t gold produced to January 31, 2011.

In anticipation of expanded production at the Shakespeare Mine, the Company has significantly increased its exploration activity for 2011. Specifically, the 2011 exploration program will include a minimum 7,000 metre drilling program on the Shakespeare East Deposit Extension to delineate additional resources. The drilling program is currently underway and initial results are expected in late-March.

Richard Sutcliffe, URSA Major Minerals' President and CEO, reflected, "Over the past year, we achieved significant milestones with the resumption of production from Shakespeare that resulted in a stronger balance sheet and an opportunity to expand our properties. We started mining from the west pit, shipping 50,000 tonnes of ore in 2007, followed by over 100,000 tonnes in 2008, before ceasing production due to very weak metal prices. After resuming in February 2010, we have been very successful with mining operations that are significantly leveraged to increasing nickel, copper and platinum prices. We believe metal prices will remain strong in 2011 providing the basis for further growth and development at Shakespeare and our satellite projects."

Revenues from metal sales for the fiscal year ended January 31, 2012 are forecast to be CDN$18.2 million and were calculated using an exchange rate at par and metal prices quoted in US dollars as follows; nickel $11.00/lb, copper $4.00/lb, cobalt $17.00/lb, platinum $1,700/oz, palladium $700/oz and gold $1,350/oz. Metal prices are management's estimate of average metal prices for the fiscal year and are based on analyst consensus forecasts for the same period. The processing rates for milling, treatment and refining charges were established under contract with Xstrata Nickel in December 2006.

Total contained nickel and copper in ore are expected to be 1.6 million pounds and 1.8 million pounds, respectively, in fiscal 2012. Contained metals are subject to mill and smelter recoveries. Total production cost for fiscal 2012 is forecast to be CDN$43.65 per tonne of ore and CDN$4.45 per lb of nickel net of by-product credits for copper, platinum, palladium, gold and cobalt. Fiscal 2012 total production costs are forecast to increase over the previous fiscal year as a result of higher fuel costs and an increase in waste rock removal. After taking into account the cost of drilling and blasting, mucking and crushing, and haulage to the mill, net revenue for fiscal 2012 is forecasted at CDN$12.23 per tonne of ore. Gross operating margin for fiscal 2012 is forecast at $2.4 million.

The mine plan for the Shakespeare Mine will continue at a nominal rate of 1,000 tonnes per day. Trucking operations will be temporarily suspended on March 15, 2011, due to the spring season half-load trucking restriction. This restriction is an annual event and is taken into consideration in the annual operating plan for the Shakespeare Mine. Full-load trucking resumes when the spring load restriction is removed by the Municipality of Sudbury, which typically occurs in late May.

As announced previously, URSA Major Minerals has initiated a 7,000 metre drilling program consisting of both infill and step out drilling (see press release dated February 10, 2011). The intent is to update the resource estimate beneath the Shakespeare East Deposit, and to assess the economics of underground mining operations, with the Company's own mill onsite. A long section illustrating the proposed targets in relation to the current mining operations, reserves and resources and previous drilling is available on the Company's website at www.ursamajorminerals.com. P&E Mining Consultants Inc. has been engaged to produce a technical report on the updated resource estimate and economic analysis. The work program will take approximately six months to complete.

About URSA Major Minerals Incorporated

URSA Major is a Canadian mining company with an operating mine in the Sudbury area and nickel sulphide deposits containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine expanding its nickel, copper and platinum group metal (PGM) production and increasing mineral resources through exploration and development, primarily in Ontario, Canada.

[hbg55]

Antwort auf Beitrag Nr.: 41.240.936 von SteirerMan am 21.03.11 12:41:51

...schreibfrdl. ´mitstreiter´ immmmmer willkommen - erst recht, wenn sie
noch so charmant mit nem haufen infos daherkommen


vermag unser baby evtl. auch abisl ´anzuschubsen´

[AcrossAsia]

Antwort auf Beitrag Nr.: 41.241.021 von hbg55 am 21.03.11 13:04:10

wir können uns auf den 29.04. freuen.....

"Guten tag .......

I’ve added your name to our email distribution list. Please note that I will usually send an email around if we get some media attention.

In terms of the Annual Report/Financials, we’ll have the results posted to our website by April 29th.
Thank you for your interest and support in the company, and if you have any questions please don’t hesitate to call or email.
May I ask how you heard about URSA?

Cheers,

Alison Tullis

Manager, Investor Relations

URSA Major Minerals Incorporated

8 King Street East, Suite 1300

Toronto, ON

M5C 1B5



t. 416-864-0615

c. 647-919-0020

e. [e-mail]"



Übrigens hat man bei WO das zweite Baby von Dr. Richard Sutcliffe entdeckt: Auriga Gold

Richard H. Sutcliffe
President, CEO, and Director
Richard H. Sutcliffe, Ph.D., P.Geo has 30 years of experience in mineral exploration and mining, including President and CEO of Auriga Gold Corp. and Patricia Mining and has had previous management and directorships positions at North American Palladium and Matamec Explorations. He has held various mining and geological management positions with private entities as well, including the Ontario Geological Survey.


Gruß AcrossAsia

[AcrossAsia]

Antwort auf Beitrag Nr.: 41.276.023 von AcrossAsia am 28.03.11 13:01:52

P.S.

http://www.ursamajorminerals.com/s/Management.asp

[AcrossAsia]

News Releases

Mar 31, 2011
URSA Major Minerals mobilizes second drill for its Ontario exploration program and initiates drilling at the Fox Mountain Project, Thunder Bay area
TORONTO, ON, March 31, 2011 -- URSA Major Minerals Incorporated ("URSA Major" or the "Company") is pleased to announce that the Company has initiated a drilling program to test high-priority nickel-copper-platinum group metal targets on the Company's 100% owned Fox Mountain Project located 75 km north of Thunder Bay, Ontario. Two holes for a total of approximately 1,000 metres will be drilled to test airborne geophysical anomalies associated with prospective ultramafic intrusive rocks.

In November 2010, URSA Major contracted Aeroquest Limited to complete a 610 line km airborne magnetic and time domain EM survey of the Company's Disraeli Property (total 207 claim units) that hosts ultramafic and gabbroic intrusions. The Aeroquest survey identified a number of geophysical anomalies and the Company is currently drill testing two anomalies that are located close to an access road. It is anticipated that the initial drilling program will be completed in mid-April. The Company anticipates that additional anomalies will be tested during the summer after the Company has had an opportunity to complete further geological mapping and prospecting. The Disraeli claims were acquired by staking, are 100% owned by the Company, and are not subject royalties.

Richard Sutcliffe, URSA Major's CEO, commented "Our work to date at Fox Mountain has suggested a favourable geological environment to host high-grade platinum group metals and nickel copper sulphides. This initial program will test geophysical anomalies and geological structures that are consistent with sulphide mineralized magma channels, a known host to mineral deposits in this area."

In late November 2010, URSA Major also acquired 144 claim units on the Seagull Intrusion that are contiguous with the Disraeli property. These claims were acquired from a major mining company and are 100% owned by the Company, subject to certain royalty and back-in rights. The Seagull Intrusion is known to contain high grade platinum-palladium mineralization with selected drill results of up to 7.9 g/t platinum plus palladium and gold, 0.47% copper and 0.33% nickel reported by Rainy Mountain Royalty Corp. on adjacent ground in 2005. The Company is naming the combined properties as the Fox Mountain project.

At the Fox Mountain Project, the Company is targeting a similar geologic environment as Magma Metals Limited's Current Lake deposit (Indicated Mineral Resource of 9.49 MT at 2.3g/t Pt-Eq), located 25 km south of the Fox Mountain Project, and Kennecott's Eagle Deposit (Reserves of 3.2MT at 3.89% Ni) in Michigan.

As announced on March 14, 2011, URSA Major also has a 7,000 metre drilling program in progress at the Shakespeare East Deposit. The intent of the program is to increase the resource estimate down plunge from the Shakespeare East Deposit. Initial assay results for this program are anticipated in mid-April.

About URSA Major Minerals Incorporated
URSA Major is a Canadian mining company with an operating mine in the Sudbury area and nickel sulphide deposits containing significant NI 43-101 compliant nickel and copper reserves and resources. The Company is focused on maintaining profitable operations at the Shakespeare Mine, expanding its nickel, copper and platinum group metal (PGM) production and increasing mineral resources through exploration and development, primarily in Ontario, Canada.

CONTACT:
Dr. Richard Sutcliffe, President & CEO
Alison Tullis, Investor Relations Manager
Phone: [phone] begin_of_the_skype_highlighting 416-864-0615 end_of_the_skype_highlighting
[e-mail]
http://www.ursamajorminerals.com/

Address: 8 King Street East, Suite #1300, Toronto, Ontario, Canada M5C 1B5
Symbol & Exchange: UMJ -- TSX
This release was prepared by management of the Company who takes full responsibility for its contents. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

This press release is not for distribution to any U.S. news wire service or for dissemination in the United States.



You can view the Previous News Releases item: Mon Mar 14, 2011, URSA Major Minerals Provides Production Forecast and Exploration Update for the Shakespeare Mine


http://www.ursamajorminerals.com/s/NewsReleases.asp?ReportID…

[SteirerMan]

...April 2011 - Presi

http://www.ursamajorminerals.com/i/pdf/marketing/CorpPres.pd…

[AcrossAsia]

Da scheint ja einer durchaus von guten Zahlen auszugehen, die am 29.4. veröffentlicht werden. Knapp 800.000 gehandelte shares nach nicht einmal einer Stunde sind da ein deutliches Zeichen. Es darf wild spekuliert werden.......vielleicht ein Börsenbrief ? Oder ist es doch wieder Inspiration Mining, die sich dort fleissig mit billigen shares eindecken ?

Am 29.04. wissen wir mehr.

[AcrossAsia]

Antwort auf Beitrag Nr.: 41.389.840 von AcrossAsia am 19.04.11 16:23:53

Media Coverage

Apr 13, 2011
Ursa Major Minerals hits milestones
The Northern Miner
Trish Saywell
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-PGM mine, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.

The Shakespeare mine, 70 km west of Sudbury, produced a corporate profit in the third quarter of fiscal 2010 of $500,000 and president and chief executive Richard Sutcliffe expects similar results for the fourth quarter.

Cash flow is being channeled into exploration at Shakespeare as well as into other exploration projects in the province, and the company is looking to grow through accretive transactions and M&A.

"We engaged Raymond James in January to look at opportunities on that front and we've been looking in particular in the nickel space," Sutcliffe says, noting that about 50% of Ursa Major's current revenue stream is from nickel. "We are advancing that strategy and I think there will be some news out in the next few weeks."

In the meantime the junior has dusted off a 2008 feasibility study that gave the thumbs up to mining the East pit at Shakespeare and building a 4,500 tonne per day mill. The 2008 feasibility study defined a 9.7 million tonne reserve in the East pit, which is open down plunge to the northeast, and has been doing exploration work there for the last couple of months. The proposed $100 million mill is fully permitted.

In addition to working on a 7,000-metre drill program and a new resource estimate for Shakespeare East, Sutcliffe says the company is looking at the potential of an underground extension to the pit as well and is planning to do a PEA. "We've had some prior success there with some interesting nickel-copper-PGM grades and we're anticipating being able to add resources down plunge from the pit," he adds.

Highlights from previous drilling at the planned Shakespeare East pit include hole U3-112, which returned 3 metres of 0.87% nickel, 0.29% copper, 0.06% cobalt, and 0.72 grams precious metals per tonne and 11 metres of 0.48% nickel, 0.59% copper, 0.03% cobalt and 1.39 grams precious metals per tonne. Hole U3-113 cut 13 metres of 0.46% nickel, 0.57% copper, 0.03% cobalt and 1.31 grams precious metals.

The strike length of mineralization at Shakespeare is currently defined at more than 1.4 kilometres and includes the producing West pit, the fully permitted Shakespeare East deposit, and the down plunge resources extending east from the Shakespeare East deposit.

Sutcliffe anticipates some mining from the East pit later this year but notes that real development will occur only after the company has the money in place to build a mill.

"Financing for the mill is a challenge for us with our current market capitalization," he concedes. "It's one of the reasons we've engaged Raymond James to give us some strategic advice to increase the size of the company, build our exposure, and assist us with getting to a position that we can accomplish a significant financing for the mill build-out."

In the meantime Ursa Major continues to run its profitable direct shipping operation from its West pit and has a custom milling agreement with Xstrata's (XTA-L, XSRAF-) Strathcona mill. The direct shipping operation is normally running at a rate of 1,000 tonnes per day.

In the fourth quarter ended Jan. 31 2011, Ursa Major delivered 64,947 tonnes of ore to the Strathcona mill at an average grade of 0.34% nickel, 0.40% copper, 0.02% cobalt, 0.36 grams platinum per tonne, 0.39 grams palladium per tonne, 0.19 gram gold per tonne and 2.25 grams silver.

Revenues from metal sales for the fiscal year ending Jan. 31 2012 are forecast to be about $18.2 million. Total contained nickel and copper ore are expected to be 1.6 million pounds and 1.8 million pounds respectively.

"We've got a vision of producing 10,000 tonnes of nickel a year, which is ten times our current production, and we think this is an achievable vision for the company," he says.

"We've demonstrated profitable production from a low-grade surface deposit and direct shipping operation and one of the things that really makes it work is the polymetalic nature of the deposit with its nickel, copper, platinum and PGM all significant contributors to our revenues."

Sutcliffe adds that he believes commodity prices in general share a robust outlook and the fact that Shakespeare has PGMs in addition to nickel and copper is "the icing on the cake."

As for his view on nickel prices, Sutcliffe is fairly upbeat. "We're pretty happy with US$12 per lb. nickel," he says. "It's well off its 2007 peaks, which touched US$25 per lb., but at the same token it's well above some of its longer term averages."

In addition to Shakespeare, Ursa Major has a pipeline of interesting exploration targets including a grassroots project, about 70 km north of Thunder Bay. The collection of properties, together called the Fox Mountain project, are near Magma Metals' (MMW-T) platinum-palladium discovery at Current Lake and Sutcliffe says Ursa's properties are in the same geological environment with the same structures and host rocks.

Ursa Major is also busy exploring the Nickel Offsets property, 40 km west of Sudbury. The company is earning a 70% interest in the property, which includes the past-producing Nickel Offsets mine, which reportedly produced 4.56 million pounds of nickel and 3.32 million pounds of copper between 1943 and 1957.

In February the company announced that drilling and borehole geophysics had provided additional high-grade massive sulphide targets below the 1550 foot level of the past-producing mine workings. Since optioning the property in 2008 from United Reef (URP-V), Ursa Major has drilled 4,389 metres in 12 holes.

Historical underground exploration and mining development at Nickel Offset mine included 1,599 fee of shaft sinking, about 10,000 feet of drifting and 3,980 fee of raising on nine levels at the No. 1 mine, and 1,056 feet of shaft sinking, about 6,000 feet of drifting and 410 feet of raising on five levels in the No. 2 mine.

At presstime in Toronto Ursa Major was trading at 15¢ per share and over the last year has traded in a range of 7¢-24.5¢ per share. The junior has about 78.96 million shares outstanding.

(c) 1915 - 2011 The Northern Miner. All Rights Reserved.

http://www.ursamajorminerals.com/s/MediaCoverage.asp?ReportI…

[AcrossAsia]

Antwort auf Beitrag Nr.: 41.398.542 von AcrossAsia am 20.04.11 22:51:28

Die Meldung kam früher als erwartet.....


Apr 25, 2011
URSA Major Minerals reports operational profit of $2.4 million at Shakespeare Mine, Sudbury, Ontario for the year ended January 31, 2011
URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX-UMJ) announces its financial and operating results for the year ended January 31, 2011. The Company is pleased to announce that the Shakespeare Nickel-Copper Mine achieved an operational profit on mining activities of $2,388,738, in the first year of commercial production.

Financial and Operating Highlights for the Year
• For the year ended January 31, 2011, the Company recorded gross revenue of $14,866,306 on the sale of metals from the Shakespeare Mine, located 70 km west of Sudbury, Ontario. This revenue reflects three quarters of commercial production. Prior to May 27, 2010, the mine was in the pre-production mining stage.
• The Company reported an operating profit on mining activities of $2,388,738, net income of $667,998, and comprehensive income of $700,498, for the year ended January 31, 2011.
• The quarter ended January 31, 2011, was the third quarter of commercial production at the Shakespeare Nickel Mine. During the quarter, the Company recorded gross revenue of $5,991,995, from the sale of metals, and net income of $455,764.
• During the nine months of production ending January 31, 2011, the Company delivered a total of 166,913 tonnes of ore to the Strathcona Mill at a grade of 0.357% nickel, 0.407% copper, 0.025% cobalt, 0.373 g/t platinum, 0.409 g/t palladium, 0.207 g/t gold and 2.328 g/t silver.
• For the quarter ended January 31, 2011, the Company delivered 63,864 tonnes of ore to the Strathcona mill at a grade of 0.338% nickel, 0.400% copper, 0.027% cobalt, 0.365 g/t platinum, 0.391 g/t palladium, 0.191 g/t gold and 2.269 g/t silver.
• In November 2010, the Company completed 2,582 meters of exploration drilling at the Nickel Offsets Property and announced an intersection of 2.89 meters of nickel-rich massive sulphides grading 2.90% nickel, 0.97% copper, 0.16% cobalt, 0.94 g/t platinum, 1.28 g/t palladium, and 0.11 g/t gold. This hole intersected an additional 2.0 meters of precious metal mineralization grading 3.04 g/t platinum, 2.00 g/t palladium, 0.82 g/t gold, with 0.07% nickel and 0.37% copper in disseminated sulphides in the footwall of the nickel-rich massive sulphide. This exploration has defined additional drilling targets on the property.
• In November 2010, the Company completed an airborne magnetic and time domain electromagnetic survey of the Disraeli Lake areas north of Thunder Bay, Ontario.
• In December 2010, the Company resumed drilling at the Shakespeare East Deposit, with the objective of increasing resources of the Shakespeare deposit. The drill holes will test for nickel-copper-platinum group metals mineralization up to 400 metres east of, and down-plunge from, the previous sulphide mineralized drill intersections reported in 2008.
• In February 2010 and April 2010, the Company closed a non-brokered private placement financing for $1,219,640, to fund the restart of operations at the Shakespeare Mine and to fund exploration. In January 2011, URSA Major closed a brokered private placement financing for $2,471,820, to finance an accelerated exploration program and for working capital purposes.
• In February 2010, the Company arranged a US$2.5 million credit facility with Auramet Trading, LLC to finance the Company's metal inventory and receivables associated with ore produced from the Shakespeare Mine. The credit facility is secured by in-process metal and receivables and also provides for hedging of base metal prices between ore milling and final metals out-turn.
• For the year ended January 31, 2011, the Company achieved a strengthened balance sheet with current assets of $5,001,774, and current liabilities of $2,186,720.
• During the year, the Company appointed Jean-Pierre Colin to the board of directors, Eric Loch was appointed as Vice President Mine Operations and Projects, Vic Hugo, CMA, as Financial Controller and Interim CFO, Douglas Bache was engaged as Executive Advisor-Corporate Development and Alison Tullis appointed as Investor Relations Manager.

The quarterly financial statements and related Management Discussion and Analysis will be filed on SEDAR (www.sedar.com). Additionally, these documents are available on URSA Major's website at www.ursamajorminerals.com. All amounts are in Canadian dollars unless otherwise indicated.

Richard Sutcliffe, URSA Major's CEO commented, "We are extremely pleased to report a profitable year of operations at the Shakespeare Mine, a significantly strengthened balance sheet, and an expanded exploration program. Our objective is to build URSA Major through a combination of successful exploration, expanding production, and project acquisition."

Outlook
To January 31, 2012, the end of the Company's next fiscal year, URSA Major anticipates the production and delivery of approximately 199,000 tonnes of ore grading 0.373% nickel, 0.419% copper, 0.027% cobalt, 0.397 g/t platinum, 0.420 g/t palladium, 0.252 g/t gold (plus silver equivalent); from the Shakespeare Mine. Revenues from metal sales for the fiscal year ended January 31, 2012, are forecast to be CDN$18.2 million and were calculated using an exchange rate at par and metal prices quoted in US dollars as follows; nickel $11.00/lb, copper $4.00/lb, cobalt $17.00/lb, platinum $1,700/oz, palladium $700/oz and gold $1,350/oz. Metal prices are management's estimate of average metal prices for the fiscal year and are based on analyst consensus forecasts for the same period. The processing rates for milling, treatment and refining charges were established under contract with Xstrata Nickel in December 2006.

Total contained nickel and copper in ore are expected to be 1.6 million pounds and 1.8 million pounds, respectively, in fiscal 2012. Contained metals are subject to mill and smelter recoveries. Total production cost for fiscal 2012 is forecast to be CDN$43.65 per tonne of ore. Fiscal 2012 total production costs are forecast to increase over the previous fiscal year as a result of higher fuel costs and an increase in waste rock removal. After taking into account the cost of drilling and blasting, mucking and crushing, and haulage to the mill, net revenue for fiscal 2012 is forecasted at CDN$12.23 per tonne of ore. Gross operating margin for fiscal 2012 is forecast at $2.4 million.

Trucking operations were temporarily suspended on March 15, 2011, due to the spring season half-load trucking restriction. This restriction is an annual event and is taken into consideration in the annual operating plan for the Shakespeare Mine. Trucking resumes when the spring load restriction is removed by the Municipality of Sudbury, which typically occurs in late May. As a consequence of the half load trucking restriction, the Company's revenue is reduced in the first half of the fiscal year.

The Company's revenues are derived from base and precious metals and the Company receives prices for the metals that are determined by global market conditions. The Company anticipates that demand for base and precious metals will likely remain robust for the first half of 2011. Nickel in particular is a very volatile in price and to reduce revenue risks associated with nickel price volatility, the Company has a facility with Auramet Trading to hedge the price of base metals between the time of ore delivery and final metals out-turn.

The Company's custom milling agreement with Xstrata Nickel expires on December 31, 2011, and the Company is currently in discussions to extend this agreement.

In 2010, the Company began using a portion of its cash flow from mining operations to fund part of its exploration program. The Company intends to continue this strategy in 2011. In January 2011, the Company completed a private placement financing of which part of the proceeds are being used to accelerate and expand the drilling campaign. In addition, and in accordance with the Company's strategic plan, management is evaluating further opportunities for base metal property acquisition, particularly for copper, nickel and PGM-rich deposits.

URSA Major has initiated a 7,000 metre drilling program at the Shakespeare East Deposit consisting of both infill and step out drilling (see press release dated February 10, 2011). The intent is to update the resource estimate beneath the Shakespeare East Deposit, and to assess the economics of underground mining operations, with the Company's own mill onsite. P&E Mining Consultants Inc. has been engaged to produce a technical report on the updated resource estimate and economic analysis. The work program will take approximately four months to complete.

The Company is encouraged by results from the 2010 program at the Nickel Offsets option and anticipates that it will continue to drill targets on this property in the first half of 2011. The results of 2010 drilling and the geophysical surveys are being compiled into a 3-dimensional model to generate targets for the next round of drilling. The Company plans to complete a five hole, 2,500 meter program with further bore-hole EM surveys at Nickel Offsets over the next six months.

URSA Major has also recently completed two drill holes to test magnetic and time domain electromagnetic anomalies defined by the airborne survey of the Disraeli lake area, north of Thunder Bay, Ontario that was completed in 2010 and is awaiting assays. The Company anticipates conducting further geological mapping and prospecting on this property in 2011. This property is interpreted to be a similar geological environment to Magma Metals' property that contains the Current Lake platinum group metal discovery.

The Company has completed a full positive feasibility study at Shakespeare that evaluated an open pit mine and 4,500 tpd on site concentrator. The execution of this project remains a baseline strategy for the Company and it continues to be evaluated at the management and board levels. URSA Major has retained Raymond James Ltd. ("Raymond James") as its strategic advisor. Raymond James will assist the Company in evaluating strategic merger and acquisition opportunities. In connection with the Company's plan to expand the Shakespeare Mine and construct an on-site concentrator, Raymond James will assist with evaluating development options and financing alternatives.

About URSA Major Minerals - URSA Major is a Canadian mining company with two nickel sulphide projects containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on demonstrating profitable operations at the Shakespeare Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.

CONTACT:
Dr. Richard Sutcliffe, President & CEO
Alison Tullis, Investor Relations Manager
Phone: [phone] begin_of_the_skype_highlighting 416-864-0615 end_of_the_skype_highlighting
[e-mail]
http://www.ursamajorminerals.com/

Address: 8 King Street East, Suite #1300, Toronto, Ontario, Canada M5C 1B5
Symbol & Exchange: UMJ -- TSX

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

This press release is not for distribution to any U.S. news wire service or for dissemination in the United States.

http://www.ursamajorminerals.com/s/NewsReleases.asp?ReportID…

[SteirerMan]

Antwort auf Beitrag Nr.: 41.410.934 von AcrossAsia am 26.04.11 12:12:28

...sollte eigentlich alles bekannt sein!!! außer, dass alle ihre Blue form of proxy voten sollten.



URSA Major Minerals Files Management Information Circular-Support Your Board and Vote Your BLUE Proxy Today
5/31/2011 8:30:01 AM - NFD

TORONTO, ONTARIO, May 31, 2011 (Marketwire via COMTEX News Network) --

THE PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) announced today the filing of its management information circular, which provides shareholders with compelling reasons to support the management director nominees. The annual and special meeting of URSA Major will be held at Cassels Brock & Blackwell LLP, 2100 Scotia Plaza, 40 King Street West, Toronto, Ontario M5H 3C2 on Thursday, June 23, 2011 at 4:00 p.m. (Eastern Daylight Time).

"Over the past year, your Board of Directors has been tirelessly working to lay the foundation for bringing URSA Major's open pit Shakespeare Mine to the commercial production stage," said Amar Bhalla, Chairman of the Special Committee. "We are thrilled that our efforts have paid off and are excited to partake in the experience of entering into the next phase of building value with our shareholders. We will continue to unlock value, hold management to account and build a strong junior nickel producer."

Highlights of URSA Major's operations include:



-- A proven mining operation in Sudbury District, Ontario;
-- On-going exploration at the Shakespeare East Deposit to increase
resources for expanded production and mine life;
-- Reserves and Measured/Indicated Resources, including 117 million pounds
of nickel and 116 million pounds of copper;
-- A fully funded drilling program; and,
-- An exceptional, very experienced mining and base metal/PGM exploration
team.




The Special Committee of URSA Major carefully and objectively reviewed its options respecting Inspiration Mining Corporation's ("Inspiration") third attempt to wrestle control of the Company from its shareholders and presented Inspiration with a settlement offer. The offer was an invitation for Inspiration to have two representatives on the Board of Directors, including a seat on the Special Committee, which would be instrumental in helping determine the future strategic direction of the Company. Unfortunately, Inspiration rejected the offer.

Mr. Bhalla said, "While we will continue our efforts to resolve this situation for the benefit of everyone, it is our priority to ensure that we are providing the best possible service to you, our shareholders. In this regard, we will uphold our commitment to producing and expanding our resources in Ontario."

It is important that shareholders vote their BLUE form of proxy to continue the momentum that the current Board of Directors has built and realize the rewards that await.

[SteirerMan]

Antwort auf Beitrag Nr.: 41.596.302 von SteirerMan am 02.06.11 20:08:27

...jetzt gibts aber eine wirkliche news


URSA Major Minerals Drills Iron-Oxide Skarn Mineralization at Fox Mountain Property, Thunder Bay Area, Ontario
6/2/2011 12:39:05 PM - NFD

TORONTO, ONTARIO, Jun 2, 2011 (Marketwire via COMTEX News Network) --

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

URSA Major Minerals Incorporated ("URSA Major") (TSX:UMJ) announces results from an initial two hole drilling program at the Company's 100%-owned Fox Mountain Project, located 75 km north of Thunder Bay, Ontario. Drill holes U17-01 and U17-02 were drilled to test an airborne magnetic and time domain EM anomaly that was identified in the November 2010 survey flown for URSA Major.

Initially, the Company was targeting platinum group metal and nickel-copper sulphide mineralization on the property, however, the drill holes intersected a sub-horizontal four to five meter thick layer of massive magnetite-iron sulphide mineralization that is interpreted to be an occurrence of skarn mineralization within the Sibley Group sedimentary rocks.

Richard Sutcliffe, URSA Major's CEO, commented "Our previous work at Fox Mountain suggested a favourable geological environment to host high-grade platinum group metals and nickel copper sulphides. This drilling program intersected a new skarn-type occurrence, which is a previously unreported style of mineralization in this district. The significance of this skarn mineralization is that it opens up further exploration potential, particularly for copper and gold mineralization. In particular, we will evaluate the relationship between the massive magnetite-iron sulphide skarn mineralization and previously reported copper occurrences in the Sibley Group. Geological mapping will be conducted in the summer to further evaluate this new exploration target."

Holes U17-01 and U17-02 both intersected massive magnetite with pyrite, pyrrhotite, and chalcopyrite mineralization within sub-horizontally bedded Sibley Group mudstones that are intruded by diabase and olivine gabbro. Hole U17-01 intersected 5.45 meters grading 46.1% iron, 0.073% cobalt and 0.12% copper and hole U17-02 intersected 4.31 meters of 31.9% iron with 0.066% cobalt and 0.14% copper. The skarn-type mineralization is thought to be the result of replacement of carbonate rich sedimentary rocks by metal-rich fluids related to gabbro intrusions.

Tabelle gibts hier:
http://tmx.quotemedia.com/article.php?newsid=41861813&qm_sym…" target="_blank" rel="nofollow ugc noopener">http://tmx.quotemedia.com/article.php?newsid=41861813&qm_sym…


At the Fox Mountain Project, the Company will also continue to target platinum group metals and nickel- copper sulphides in a similar geologic environment as Magma Metals Limited's Current Lake deposit (Indicated Mineral Resource of 9.49 MT at 2.3g/t Pt-Eq), located 25 km south of the Fox Mountain Project, and Kennecott's Eagle Deposit (Reserves of 3.2MT at 3.89% Ni) in Michigan.

In November 2010, URSA Major contracted Aeroquest Limited to complete a 610 line km airborne magnetic and time domain EM survey of the Company's Property that hosts ultramafic and gabbroic intrusions. The Aeroquest survey identified a number of geophysical anomalies. The Company anticipates that additional anomalies will be tested during the summer after the Company has had an opportunity to complete further geological mapping and prospecting.

As announced on March 14, 2011, URSA Major also has a 7,000 metre drilling program in progress at the Shakespeare East Deposit. The intent of the program is to increase the resource estimate down plunge from the Shakespeare East Deposit.

The Company also reports that ore haulage from the Shakespeare nickel mine will resume in mid-June when the Municipality of Sudbury removes the half load trucking restriction. The removal of this restriction has been delayed relative to previous years as a result of delayed Spring weather conditions in northern Ontario. This delay will result in a delivery shortfall of approximately 15,000 tonnes of ore relative to budget for the Company's quarter ending July 31, 2011. The Company is currently blasting and crushing in anticipation of the resumption of shipments and anticipates that it will be able to eliminate this shortfall prior to the end of the year.

About URSA Major Minerals - URSA Major is a Canadian mining company with a nickel mine and two nickel sulphide projects containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on demonstrating profitable operations at the Shakespeare Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.

National Instrument 43-101 - Drill core was split using a diamond cutting blade and sampled at a nominal length of 1.0 meter. Blanks and quarter-duplicate samples were inserted into the sample stream prior to shipment to Accurassay Laboratories, in Thunder Bay, Ontario. Harold Tracanelli, P.Geo., is the qualified person for the drill program and has reviewed and approved the contents of this release. Iron, cobalt and copper along with a number of other elements have been analyzed using multi-element ICP-MS.

[Peterkles]

Vielen Dank für das Einstellen der News.
Wie funktioniert denn die "Blue form of proxy" zu wählen bzw. dafür abzustimmen? Bei sedar finde ich nur ein Dokument für die alte (dann verschobene) Sitzung am 26 Mai.

@SteirarMan
Kannst du mir da weiterhelfen?

[SteirerMan]

Antwort auf Beitrag Nr.: 41.597.052 von Peterkles am 03.06.11 00:47:05

also, ich bin ja kein Experte, aber...

...dass ist ein Instrument des Gesellschaftsrechts für das Management, der Meinung der Eigentümer einen stärkeren Ausdruck zu verleihen.



aber, guckst du:
"...announced today the filing of its management information circular, which provides shareholders with compelling reasons to support the management director nominees. The annual and special meeting of URSA Major will be held at Cassels Brock & Blackwell LLP, 2100 Scotia Plaza, 40 King Street West, Toronto, Ontario M5H 3C2 on Thursday, June 23, 2011 at 4:00 p.m. (Eastern Daylight Time)."



nachdem das oberziel des unternehmens die erhöhung des shareholder values ist, kann es bei unstimmigkeiten nur von interesse sein, sich gewisse pläne durch die shareholder bestätigen zu lassen. IMO

[SteirerMan]

Antwort auf Beitrag Nr.: 41.597.081 von SteirerMan am 03.06.11 01:41:27

...ich freu mich wenn dieses problem aus der welt geschafft ist!!! und man sich wieder VOLL und GANZ auf die Unternehmensperformance konzentrieren kann!



einen Tag später gabs den YELLOW-Proxy für die "Forbes&Manhattan and Inspiration Mining" - Variante
http://www.newswire.ca/en/releases/archive/June2011/07/c3388…


und zu allerletzt...

...gibts noch eine Empfehlung von ISS für den BLUE-Proxy
http://www.stockhouse.com/tools/?page=%2FfinancialTools%2Fsn…

[SteirerMan]

Antwort auf Beitrag Nr.: 41.634.217 von SteirerMan am 10.06.11 18:33:01

zwischendurch gabs noch ein update zur Entwicklung




URSA Major Minerals' Exploration Drilling Continues to Expand Shakespeare Nickel Deposit, Sudbury Area, Ontario

Jun. 8, 2011 (Marketwire Canada) --

TORONTO, ONTARIO --

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

URSA Major Minerals Incorporated (TSX:UMJ) ("URSA Major") announces that exploration drilling has continued to expand the nickel-copper mineralization at the Shakespeare deposit, located 70 kilometers west of Sudbury, Ontario. Recent drilling over a ten hole, 6,055 meter program has extended the mineralization down-plunge from the planned open-pit at the Shakespeare east deposit to an overall strike length in excess of 1.4 km and to a depth of over 600 meters.

Richard Sutcliffe, URSA Major's CEO stated "These drill results are encouraging because the intersections continue to expand the strike length and down dip extent of the mineralization at the Shakespeare deposit. The Company will incorporate these results in an updated NI43-101 resource estimate for this part of the deposit later this year and will evaluate the opportunity for developing an underground mine down-plunge from the planned Shakespeare east pit."

All of the drill holes intersected sulphide mineralization except for U8-01. Assay results have been received for U3-115, U3-116, U3-119, U8-02 and highlights are reported in the table below. Holes U3-116 and U3-119 both intersected the main part of the Shakespeare deposit and had long intersections of nickel-copper sulphide mineralization with a higher grade zone enriched in copper and platinum group metals (PGM) toward the base of the intersection. U3-116 intersected 9.0 meters grading 0.38% nickel, 0.53% copper and 1.2 g/t PGM plus gold. U3-119 intersected 6.0 meters grading 0.40 nickel, 0.58% copper and 1.3 g/t PGM plus gold. The narrower and lower grade intervals in U8-02 and U3-115 appear to be a result of intersecting the edges of the deposit. Assays are pending on holes U3-117, 118, 120, 121, 122. The drilling includes both in-fill and step out holes. A long section showing the location of the intersections is available on the Company's website at www.ursamajorminerals.com.


Tabelle gibts hier:
http://tmx.quotemedia.com/article.php?newsid=42015246&qm_sym…


The Company will conduct further borehole EM surveys to evaluate the potential for additional mineralization below the current drill holes, particularly below holes U3-121 (assays pending), U3-116 and U8-02. P&E Mining Consultants Ltd. will complete the updated resource estimate based on results up to the completion of the program, and any drilling to follow up on borehole EM targets.

The Company continues to make efforts to resolve the dissident action, brought by Inspiration Mining Corporation and Forbes & Manhattan Inc., for the benefit of all shareholders. Shareholders should rest assured that URSA Major will continue to operate our business in the normal course, despite this unfortunate distraction. We are committed to developing and expanding URSA Major's resource base in Ontario.

About URSA Major Minerals - URSA Major is a Canadian mining company with a nickel mine and two nickel sulphide projects containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on demonstrating profitable operations at the Shakespeare Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.

National Instrument 43-101 – Drill core was split and samples with a nominal 1.0 meter length. Blanks and quarter-duplicate samples were inserted into the sample stream prior to shipment to Accurassay Laboratories, in Thunder Bay, Ontario. Harold Tracanelli, P.Geo., is the qualified person for the drill program and has reviewed and approved the contents of this release. Samples were assayed using fire assay for platinum, palladium, and gold and ICP with multi-acid digestion for copper, nickel, and cobalt.

This release was prepared by management of the Company who takes full responsibility for its contents.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

[SteirerMan]

Antwort auf Beitrag Nr.: 41.637.916 von SteirerMan am 12.06.11 14:34:36

plus ein bissl Insider-Action:


Jun 09/11 Jun 06/11 Bhalla, Amar Direct Ownership Common Shares 10 - Acquisition in the public market 75,000 $0.155

[Peterkles]

Gestern hat es ziemlich geknallt in CAN. Über 6 Mio gehandelte shares, wobei 6 Mio shares bei 0,24 CAN über die Theke gegangen sind. Am Ende bei 0,20 CAN und 43% Plus geschlossen.
Weiß da jemand etwas dazu oder kauft sich da noch jemand für die kommende Versammlung ein?

[SteirerMan]

Hier ist ein wenig was passiert in der zwischenzeit!
Nach dem mühsamen hin und her mit allen unterschiedlichen Proxys und Perspektiven, gabs eine "court-descision"

29. 06 2011
URSA Major Minerals Announces Favourable Decision from the Ontario Superior Court
http://tmx.quotemedia.com/article.php?newsid=42565497&qm_sym…





...des weiteren, gabs Ergebnisse für das Quartal mit Ende 30.April 2011. Aufgrund der Transportbeschränkungen im Frühling konnte nicht das gesamte material zur mühle geliefert werden, weshalb die fehlenden einnahmen, im nächsten quartal nachgeliefert werden!

14. 07. 2011
URSA Major Minerals Reports Operational Profit of $324,031 at Shakespeare Mine for Quarter Ended April 30, 2011
http://tmx.quotemedia.com/article.php?newsid=42960811&qm_sym…

[SteirerMan]

Antwort auf Beitrag Nr.: 41.840.328 von SteirerMan am 25.07.11 15:41:45

...damit nicht genug,


URSA Major Minerals Drills 23.7 Meters of 0.55% Nickel and 0.36% Copper From Shakespeare East Nickel Deposit, Sudbury Area, Ontario

Jul. 20, 2011 (Marketwire Canada) --

TORONTO, ONTARIO --

URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) announces new results from drilling down-plunge from the Shakespeare East Nickel deposit, located 70 km west of Sudbury, Ontario. The drilling has further extended nickel-copper mineralization below the Shakespeare East deposit and delineated higher-grade mineralization.

Drill holes U3-118 to 122 were drilled northeast of the planned Shakespeare East pit and intersected significant widths of mineralization. A highlight of the program is hole U3-122 that intersected 5.19 metres grading 0.81% nickel, 0.48% copper, 0.03% cobalt and 1.20 g/t precious metals which is one of the highest grade intersections reported to date at Shakespeare. The higher-grade intersection in drill hole U3-122 is located in a wider 23.67 metre interval grading 0.55% nickel, 0.36% copper, 0.02% cobalt and 0.92 g/t precious metals.

Richard Sutcliffe, URSA Major's CEO commented, "This drilling program has extended the strike length of Shakespeare mineralization to over 1.6 kilometers. The intersection in hole U3-122 demonstrates that there is a zone of higher-grade nickel mineralization in the Shakespeare East deposit within a wider envelope of nickel-copper mineralization. Our program of targeting with bore-hole EM surveys continues to be a successful strategy in delineating mineralization. The Company will incorporate these results in an updated NI43-101 resource estimate for this part of the deposit later this year and will evaluate the opportunity for developing an underground mine down-plunge from the planned Shakespeare east pit. The main focus of the current exploration program, including borehole EM and diamond drilling, is to increase the resources at Shakespeare."

Tabelle
http://tmx.quotemedia.com/article.php?newsid=43089660&qm_sym…

Most of the holes in this program have intersected wide sulphide mineralization with consistent copper and nickel grades. Highlights from holes U3-118, 120, 121, and 122 are reported in the table above. Assays are pending on holes U3-123, 124 and U8-03. Please see press release dated June 8, 2011 for previously released drill holes from the 8,024 m program. A long section showing the location of the holes is available on the Company's website at www.ursamajorminerals.com.

Probable Reserves on the Shakespeare deposit are estimated at 11,828,000 tonnes grading 0.33% nickel, 0.35% copper, 0.02% cobalt, 0.33 g/t platinum, 0.36 g/t palladium and 0.18 g/t gold. Reserves have been depleted by approximately 376,100 tonnes to January 31, 2011. An additional Indicated Resource of 1,830,000 tonnes grading 0.37% nickel, 0.41% copper, 0.03% cobalt, 0.36 g/t platinum, 0.39 g/t palladium and 0.22 g/t gold is located outside the pit shell.

[hbg55]

IIROC Trading Halt – UMJ

TORONTO, March 1, 2012 /CNW/ - The following issues have been halted by IIROC:

Company: Ursa Major

TSX Symbol: UMJ

Reason: Pending News

Halt Time (ET): 12:18 PM ET

The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.



IIROC Inquiries 1-877-442-4322 (Option 3) - Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only. For more information on IIROC's halts and resumptions policy click here.


....olala, was mag da kommen - in CAN- boards wird heftig über gleichzeitigen HOLD von NSL disk./ spek.

[hbg55]

Antwort auf Beitrag Nr.: 42.837.867 von hbg55 am 02.03.12 07:33:05

.....uuuuups: muss natürlich nicht NSL sondern NKL heissen !!!!

[SteirerMan]

Antwort auf Beitrag Nr.: 42.837.875 von hbg55 am 02.03.12 07:35:22

moin h5!

das hab ich auch gelesen

wäre fast schade, dann NKL hab ich noch, nur UMJ's wollte ich noch nachkaufen die tage

andererseits, frage ich mich, welchen vorteil NKL daraus generieren könnte

naja, wir werden sehen

[hbg55]

Antwort auf Beitrag Nr.: 42.840.516 von SteirerMan am 02.03.12 13:29:44

moin SM,

1. BEIDE meines wissens auf...........




dies läßt vermuten, daß dort die katze ausm sacke gelassen wird.


2. NKL natürlich inzwischen in ner andren LIGA angelangt - kann aber ggf.
UMJ günstig mergen. als UMJ- ler hoffe ich, daß die terms OK sind

3. ....ist 1&2 natürlich blanke speku, wobei HOLD auch gaaaaaanz andre
hintergründe haben kann


nunja, next week will show - gönnen wir uns erstma ein nice WE !!!!

[Alfa-Romeo]

Antwort auf Beitrag Nr.: 42.842.608 von hbg55 am 02.03.12 18:10:04

HI, bin jetzt auch mit ein paar Stücken dabei.
Ich habe gehört, hier bahnt sich eine Übernahme an.
Mal sehen wie es weitergeht.

CU

[hoffihoff]

Prophecy Platinum and Ursa Major Minerals Sign Business Combination Agreement
MarketwirePress Release: Prophecy Platinum Corp. – 9 minutes ago

Email
Print

Companies:

Prophecy Platinum Corp
PROPHECY PLATINUM

RELATED QUOTES
Symbol Price Change
NKL.V 3.70 0.00

VANCOUVER, BRITISH COLUMBIA--(Marketwire -03/02/12)- Prophecy Platinum Corp. ("Prophecy" or the "Company") (TSX-V: NKL.V - News)(OTCQX: PNIKF.PK - News)(Frankfurt: P94P.F - News) and Ursa Major Minerals Incorporated ("Ursa") (TSX: UMJ.TO - News) (the "Companies") are pleased to announce that they have entered into a binding letter of agreement (the "Agreement") for a business combination through a proposed all share transaction (the "Transaction"). Prophecy and Ursa act at arm's length and the Transaction has been negotiated at arm's length.

Financial Terms of the Transaction

Pursuant to the Agreement, Prophecy will issue 1 common share in exchange for every 25 outstanding common shares of Ursa. Ursa options and warrants will be exchanged for options and warrants of Prophecy as discussed under the "Further Detail" Section.

The offer represents approximately $0.15 per each common share of Ursa based on Prophecy's share price of $3.70 as at March 1, 2012, representing a premium of 130% to Ursa's closing price as at March 1, 2012 of $0.065.

Prophecy is to subscribe for $1 million common shares of Ursa by way of private placement financing at $0.06 per share, subject to regulatory approval. Upon placement completion, John Lee and Greg Hall, current Prophecy directors, will be appointed to Ursa's board.

Highlights of the Transaction

The new Prophecy will become a mid-tier resource company with a robust and diversified pipeline of platinum nickel projects, including



-- Fully permitted open-pit Shakespeare(i) PGM-Ni-Cu mine close to Sudbury
infrastructure with near term production capabilities.
-- Flagship Wellgreen(ii) (Yukon) PGM-Ni-Cu project with over 10 million oz
of Pt-Pd-Au inferred resource. Active drilling is ongoing with pending
preliminary economic assessment study.
-- Manitoba's Lynn Lake(iii) Ni-Cu project with over 262 million lbs Ni,
and 138 million lbs Cu Measured and Indicated.

The transaction provides Ursa shareholders with liquidity, sustaining capital and opportunity to participate in the significant exploration and development upside of Wellgreen and Lynn Lake.

The principal focus of Prophecy in 2012 and beyond is Wellgreen. Upon completion of the Transaction, Prophecy plans to publish a new Shakespeare feasibility and thoroughly examine project economics and metal prices before making a production decision. At the appropriate time, joint venture partners may be sought to develop Wellgreen, Lynn Lake, and Shakespeare.

John Lee, Chairman of Prophecy, comments, "We believe with this production ready mine, Prophecy would raise its profile, broaden investment appeal, and gain further trading liquidity. Ursa's board recognize the synergy and that this deal is potentially accretive to both Ursa and Prophecy shareholders."

Richard Sutcliffe, President and CEO of Ursa, comments, "We are very pleased to have reached this agreement with Prophecy which provides an excellent opportunity to advance the Shakespeare Mine. Our shareholders will to participate in a combined company with an outstanding portfolio of assets and substantially improved market capitalization and liquidity."

Further Detail Regarding the Transaction

It is contemplated that the Transaction will be completed by way of a Plan of Arrangement, structured in such a way that will result in the financial terms of the Transaction being met. The parties have agreed to complete the Transaction by June 15, 2012.

Richard Sutcliffe, President and CEO of Ursa, will be appointed to the board of directors of Prophecy upon completion of the Transaction.

As a result of the Transaction, all existing warrants, options and other rights to acquire common shares of Ursa will be exchanged for options and warrants of Prophecy such that each former Ursa option and warrant will be exchanged for a Prophecy option or warrant, respectively, exercisable for that number of Prophecy shares that is equal to the number of Ursa Shares that would otherwise have been issuable thereunder divided by 25 with the exercise price of such Prophecy option or warrant being adjusted to equal the exercise price of the applicable Ursa option or warrant multiplied by 25.

Based on 79.7 million Ursa common shares outstanding, Prophecy is expected to issue 3.19 million shares as part of the Transaction.

The final structure and ratios of the Transaction will be subject to the receipt of final tax, corporate and securities law advice.

Completion of the Transaction is conditional upon:



-- Completion of environmental and title due diligence of Ursa by Prophecy;
-- Ursa securing support agreements in favour of the Transaction from the
holders of a minimum of 20% of its outstanding shares;
-- Ursa and Prophecy, if required, shareholders having approved the
Transaction;
-- Prophecy shareholders or Ursa shareholders not having exercised rights
to dissent over more than 10% of the shares of Prophecy or 10% of the
shares of Ursa, respectively,
-- receipt of all necessary regulatory approvals, including the approval of
the TSX Venture Exchange (the "Exchange") and the TSX ("TSX");
-- receipt of approval of the British Columbia Supreme Court, if
applicable;
-- execution of a definitive Transaction agreement;
-- Ursa terminating certain third party agreements; and
-- certain other customary conditions.

The Agreement includes non-solicitation clauses. A break fee of $1,500,000 is payable to Prophecy should Ursa accept a superior un-solicited offer.

Ursa, and Prophecy, if required, will call a special meeting of shareholders to be held in late May 2012 to approve the Transaction. Ursa expects to mail an information circular providing full details of the Transaction in late April 2012.

Prophecy's Key Assets

(ii)The Wellgreen PGM Ni-Cu Project

The Wellgreen PGM Ni-Cu property covers an area of approximately 22 square miles in the Yukon Territory, Canada. The property has easy road access, located approximately 35 kilometres northwest of Burwash Landing, Yukon, 15 km from the paved 2 lane Alaska Highway and 402 km from Alaska's Haines deep sea port. Wellgreen is part of Kluane Ultramafic Nickel belt, which is second largest behind the Thompson Belt in Canada and remains vastly unexplored. Management is focused on advancing the project, with most recent efforts centering around an underground drilling program initiated in February 2012 that is intended to further define the Wellgreen resource. A more comprehensive surface drilling operation will commence later in the spring. In addition, a scoping study (PEA) by Wardrop Engineering is expected to be completed by Q1 2012. Prophecy intends to utilize the results of the 2012 drill program to update the current resource estimate. Wellgreen contains an indicated mineral resource of 14 million tonnes at 0.69% nickel, 0.62% copper and 2.25 g/t PGM+Au and 289 million tonnes of inferred resources at 0.28% nickel, 0.35% copper and 1.18 g/t PGM+Au, all estimated at 0.4% NiEq cut-off (Wardrop Technical Report July 2011).



Tonnes (t) PGM+Au (g/t) Ni (%) Cu (%)
Indicated 14 Million 2.25 0.69 0.62
Inferred 289 Million 1.18 0.38 0.35

Based on resource estimated at 0.4% NiEq cut-off

Metal Indicated Inferred
Nickel (Ni) 0.22 Billion lbs. 2.42 Billion lbs.
Copper (Cu) 0.20 Billion lbs. 2.23 Billion lbs.
Cobalt (Co) 15.77 Million lbs. 191.30 Million lbs.
Platinum (Pt) 0.46 Million oz. 4.93 Million oz.
Palladium (Pd) 0.34 Million oz. 3.91 Million oz.
Gold (Au) 0.24 Million oz. 2.14 Million oz.
PGM+Gold 1.04 Million oz. 10.97 Million oz.

Based on resource estimated at 0.4% NiEq cut-off and 100% metals
recoveries.

(iii)The Lynn Lake Nickel Project

In October 2009, Prophecy entered into an agreement to acquire a 100% interest in The Lynn Lake Nickel Project from Victory Nickel Inc. (TSX: NI.TO - News). The deposit is in Manitoba, Canada, which is mining friendly and also adjacent to a power line, rail line, and airport. Lynn Lake contains Measured and indicated mineral resources of 22.9 million tons of grading, of 0.57% nickel and 0.30% copper and 8.1 million tonnes of Inferred Resource at 0.51% Nickel & 0.28% Copper (Wardrop Technical Report April 2011). Prophecy recently completed bulk tonnage metallurgical testing at Lynn Lake in preparation for a feasibility study.



Tonnes (t) Ni (%) Cu (%)
Measured 1.02 Million 0.76 0.36
Indicated 21.88 Million 0.56 0.30
Inferred 8.07 Million 0.51 0.28

Based on resource estimated at 0.4% NiEq cut-off

Metal Measured (lbs.) Indicated (lbs.) Inferred (lbs.)
Nickel (Ni) 16 Million 247 Million 82 Million
Copper (Cu) 7 Million 130 Million 46 Million

Based on resource estimated at 0.4% NiEq cut-off and 100% metals
recoveries.

The information concerning the current mineral properties controlled by Prophecy, as described in this news release, has been reviewed and approved by Danniel Oosterman, P.Geo., a Prophecy Geologist and a Qualified Person under National Instrument 43-101.

Ursa's Key Assets

(i)The Shakespeare Mine

The Shakespeare PGM-Ni-Cu Mine is located 70 km west of Sudbury, Ontario. In 2010 and 2011, through contract mining, the Company trucked and delivered a total of over 360,000 tonnes of ore to the Sudbury's Strathcona Mill for processing. Total revenue generated was over $20,000,000. Ursa believes there is potential to increase throughput and realize cost savings by constructing a mill on site.

The feasibility study by Micon International Limited in January 2006 and subsequently updated in 2008, defined a Probable Reserve of 11,828,000 tonnes grading 0.33% nickel, 0.35% copper, 0.02% cobalt, 0.33 g/t platinum, 0.36 g/t palladium and 0.18 g/t gold. The mineral reserve is to a maximum depth of 250 metres below surface.



Tonnes (t) PGM+Au (g/t) Ni (%) Cu (%)
Probable 11.8 Million 0.87 0.33 0.35

With a 4,500 tpd Mill on site, the study projects an after tax internal rate of return ("IRR") of 22.6% (29.1% pre-tax IRR) on an initial total capital cost of C$148,193,000.The undiscounted total annual cash flow ("NPV") is C$169,581,000 and the NPV discounted at 8% is C$73,297,000. The project has a 7.2 year mine production life. The economic analysis makes the assumption of the following long term metal prices over the life of the project, expressed in 2007 dollars, nickel US$9.37/lb, copper US$2.11/lb, cobalt US$27.57/lb, platinum US$995.52/ounce, palladium US$342.49/ounce, gold US$563.27/ounce.

Mr. T. Hennessey, P.Geo, of Micon and Mr. E. Puritch P.Eng. of P&E Mining Consultants Inc. were the qualified persons for the Shakespeare reserve estimates and Mr. Ian Ward, P.Eng. of Micon was the qualified person for the Shakespeare feasibility study.

About Prophecy Platinum

Prophecy Platinum Corp. is a Canadian based Nickel PGM exploration company with projects in Canada, Argentina and Uruguay. Prophecy Platinum's flagship Wellgreen PGM-Cu-Ni project is in Yukon Territory, Canada and the Lynn Lake project is located in Manitoba, Canada. Further information can be found at www.prophecyplat.com.

About URSA Major Minerals

Ursa is a Canadian mining company with a nickel mine and two nickel sulphide projects containing significant NI 43-101 compliant nickel and copper reserves and resources. Ursa is focused on expanding operations at the Shakespeare Nickel Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS of

Prophecy Platinum Corp.

John Lee, Chairman

Ursa Major Minerals Incorporated

Richard Sutcliffe, President and CEO

Cautionary Statements: Completion of the transaction is subject to a number of conditions, including regulatory approval, shareholder approvals, completion of satisfactory due diligence, a definitive agreement and approval of the British Columbia Supreme Court if applicable. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of exploration and development stage resource companies should be considered highly speculative.

Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including, without limitation, statements regarding potential mineralization, the estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, estimates of production, the timing and success of exploration, development and production activities generally, the timing and results of future resource estimates, permitting time lines, metal prices, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the companies are forward-looking statements that involve various risks and uncertainties. . Although Ursa and Prophecy believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on Ursa and Prophecy and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended ("the U.S. Securities Act") or any state securities law and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contact:

Prophecy Platinum Corp.
David Brook
Manager, Investor Relations
1-800-358-5865
[e-mail]
www.prophecyplat.com
Ursa Major Minerals Incorporated
Alison Tullis
Manager, Investor Relations
416-864-0615
[e-mail]
www.ursamajorminerals.com

@yahoofinance on Twitter, become a fan on Facebook
RELATED HEADLINES BY TICKER

Prophecy Platinum and Ursa Major Minerals Sign Business Combination Agreement - Marketwire
IIROC Trading Halt – NKL - CNW Group
John Lee, Chairman & CEO of Prophecy Coal (TSX:PCY) and Chairman of Prophecy Platinum (TSXV:NKL) Interviewed by David Morgan of Silver-Investor.com - Video Posted on www.InvestmentPitch.com - Thomson Reuters ONE
Prophecy Platinum Appoints Mike Sylvestre as Director - Marketwire
Prophecy Platinum Starts Wellgreen Underground Drilling, 20,000 Meters Planned in 2012 - Marketwire

Top Stories »

U.S. Stocks Slide; Yelp Jumps 60% After IPOAP

Stock indexes crept lower in midday trading Friday, putting the Dow Jones industrial average on track for its first …
Oil Retreats After Surge on Saudi Supply ScareReuters
iPad 3 Won’t Be a Game Changer: LashinskyBreakout
Kodak Sells Online Business to ShutterflyReuters
Author Scheiber: Obama Economic Team Escaped Depression, Fumbled Recov …Daily Ticker

Recent Quotes
Portfolios

Recent Quotes Symbol Price Change % Chg
NKL.V
3.70 0.00 0.00%
NKL.V
NKL
16.33 -0.06 -0.37%
NKL
STVI.OB
1.65 +0.02 +1.23%
STVI.OB
Search for share prices
Save List to Portfolio »
Trading Center
Compare Brokers »
Featured Content

5 Costly Retirement Surprises
Kiplinger - Mon, Feb 27, 2012 1:26 PM EST
Volatility Rising? Options for Hedging the 2012 Rally
Breakout - Tue, Feb 28, 2012 12:18 PM EST
Higher Gas Prices Could Sink Obama Re-Election Bid: Flynn
Breakout - Tue, Feb 28, 2012 10:18 AM EST

Yahoo! Finance on Facebook
YAHOO! FINANCE ON TWITTER


http://finance.yahoo.com/news/prophecy-platinum-ursa-major-m…

[hbg55]

Antwort auf Beitrag Nr.: 42.842.608 von hbg55 am 02.03.12 18:10:04

nun also DOCH...........und DAS schon heute !!!!

hmmmmm..........MEEEEHR war wohl schlussendlich nicht drin

[larsuwe]

Schade, der Kurs explodierte ja regelrecht!.Bin auf den Montag sehr neugierig. Werde mal versuchen ,welche zu unter 0,10 CAN zu bekommen.

[hbg55]

Antwort auf Beitrag Nr.: 42.846.315 von larsuwe am 03.03.12 23:00:09

....na dann versuch mal

[larsuwe]

Ich könnte mir vorstellen, das mein Kauf heute zum Handelsbeginn in Toronto gelingen könnte.Das wäre fein!.