Titan Iron Ore Corp. (OTCQB: TFER) reached up 45.85% in morning trading to $.948 with 4M shares traded. Titan Iron Ore Corp. is a junior exploration stage mining company focused on the rapidly expanding global iron ore mining sector. Titan acquired a principal iron ore property of merit in North America. The project is the Wyoming Iron Complex located in Albany County, Wyoming. This project, which constitutes roughly 500 acres of unpatented lode mining claims and leased fee lands, features a surface-occurring magnetite iron ore deposit with titanium and vanadium byproducts, with a vast history of extensive drilling, reserve estimates, metallurgical studies, feasibility and related work, all completed by the Union Pacific Railroad who owned the property from 1952 until the late 1970’s. Superior access, infrastructure, workforce, and related considerations are all evident with this property. The Company is currently reviewing all of the available historical data and intends to commence an initial drilling campaign during 2011. Titan Iron Ore Corp. (OTCQB: TFER) announced Friday it has entered into an agreement with an accredited investor ("Investor") to secure equity line financing. Separately, the Company also received funding from convertible debentures.
Santo Mining Corp. (OTCBB:SANP) reached up 10.10% in morning trading to $1.09 with 600K shares traded. Santo Mining Corporation is an aggressive junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploring of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic. Santo Mining Corp. (OTCBB:SANP) announced that it is currently negotiating an LOI with Gexplo for additional precious and base metal claims (gold, silver, copper, zinc, etc.) in the Dominican Republic. Recently Santo Mining acquired 100% of the Walter, Alexia, Maria, Francesca, and Henry from Gexplo and now the Company is seeking to increase shareholder value through the acquisition of additional mining claims.
L & L Energy, Inc. (NASDAQ: LLEN) reached up 13.33% in morning trading to $2.21 with 250K shares traded. L&L Energy, Inc. ("L&L"), formerly known as L&L International Holdings, is a coal-mining company founded in 1995. The company is incorporated in the State of Nevada with a corporate office located in Seattle, Washington. L & L Energy, Inc. (NASDAQ: "LLEN") announces that it expects to finalize the acquisition of two new mines, the LuoZhou Mine ("LuoZhou") and LaShu Mine ("LaShu"), in the next 30 days.
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