Daily Mining News Roundup: February 24, 2026
The mining industry is bustling with significant developments today, from key project updates to strategic presentations at one of the sector’s major conferences, the BMO Global Metals, Mining & Critical Minerals Conference. Here’s a roundup of the top stories making waves in the industry.
Greenland Resources Aligns Construction Timeline with Feasibility Study
Greenland Resources has announced an update to its Project Execution Plan for the Malmbjerg molybdenum mine, aligning it with the construction timeline outlined in its NI 43-101 Feasibility Study. The project, which requires a capital expenditure of USD 820 million, boasts a promising 33.8% levered after-tax internal rate of return and a 2.4-year payback period at a molybdenum price of USD 18 per pound. The company is set to present these updates today at 11:15 am EST during the BMO Conference. For more details, visit their press release.
Sigma Lithium Projects Strong Cash Flow from Lithium Oxide Production
Sigma Lithium has released its production guidance for Phase 1, expecting to produce 220,000 tonnes of lithium oxide concentrate over the next 12 months. With a CIF China cash cost of USD 440 per tonne, the company projects substantial cash flows depending on market prices: USD 78 million at USD 1,000 per tonne and up to USD 233 million at USD 1,800 per tonne. By FY2027, with both Phases 1 and 2, production is expected to reach 270,000 tonnes. Sigma Lithium’s leadership is presenting these figures today at 9:30 am ET at the BMO Conference. Detailed financial projections are available on Mining.com.
Century Aluminum Navigates Equipment Failure and Hurricane Impact
Century Aluminum’s CEO, Jesse Gary, is addressing the impacts of recent operational challenges at the BMO Conference. The company faced equipment failures at its Grundartangi plant in October 2025 and disruptions at the Jamalco facility due to Hurricane Melissa. These events have underscored the volatility and operational risks in the aluminum sector. For more context, visit the GlobeNewswire.
Canadian Mining Projects Fast-Tracked Amid Rising Copper Demand
In response to soaring copper prices, which opened at USD 12,967 per metric ton today, three major Canadian mining projects have been fast-tracked. The initiatives involve a combined investment forecast of USD 300 million for 2026, with an additional USD 400 million expected thereafter. This acceleration aims to capitalize on the rising demand for copper, driven by its critical role in renewable energy technologies and electric vehicles. More details can be found on Metal.com.
Red Mountain Mining Expands U.S. Critical Minerals Portfolio
Red Mountain Mining Limited continues to advance its portfolio of U.S. critical minerals, an area gaining increasing strategic importance amid global supply chain challenges. The company’s focus aligns with broader industry trends that emphasize the domestic sourcing of minerals essential for technology and defense sectors. For more information, please refer to the ABN Newswire.
As always, investors and industry stakeholders are reminded that while these updates provide insights into current trends and projections, they do not guarantee future performance or returns. Market conditions can change rapidly, and past results are not indicative of future outcomes.
For more comprehensive coverage and analysis, stay tuned with MineListings.com, your trusted source for mining industry news and insights.
This HTML format provides a structured, professional report on the current state of the mining industry, focusing on recent developments and offering insights into future projections while maintaining compliance with financial reporting guidelines.
Editorial Note: This article is an independent analysis based on publicly available information and press releases. MineListings.com is not affiliated with the companies mentioned. The views expressed are those of our editorial team and do not represent the official position of any company discussed. For the most accurate and complete information, readers should refer to the original source materials and company filings.
