November 21, 2024
Management changes announced this week: Sonoran Desert Copper appointed Nancy Zhao as its new chief financial officer. Forge Resources added Guillermo Leon and Mario Alonso Alzate Ferrer as mining engineers onto its team. BESTECH named Marz Kord its new … Read More
November 21, 2024
Clean energy metals explorer Earth AI and its joint venture partner, Legacy Minerals (ASX: LGM), announced Thursday the verified discovery of one of the largest palladium mineral systems in Australia. The discovery was made near Wombat, in the Southwestern S … Read More
November 21, 2024
Democratic Republic of the Congo’s Kipushi zinc-copper-lead-germanium mine officially opened on Thursday as President Félix Tshisekedi conducted the ribbon-cutting ceremony. The high-grade mine is a joint venture between Ivanhoe Mines (TSX: IVN) and DRC state- … Read More
November 21, 2024
Chris Ellison, founder and CEO of the embattled mining and contractor Mineral Resources (ASX: MIN), broke his silence Thursday following a governance scandal that erupted last month. Earlier this month, MinRes announced that Ellison would step down within 12–1 … Read More
November 21, 2024
Solaris Resources (TSX: SLS; NYSE: SLSR) has hired Glencore’s (LSE: GLEN) former head of the red metal as its new CEO and advanced plans to move its office to Switzerland from Canada which had derailed a Chinese funding deal. The company changed its board of d … Read More
November 21, 2024
Osisko Development (NYSE: ODV, TSXV: ODV) surged as much as 25% on Thursday morning after welcoming a significant permitting milestone for its 100%-owned Cariboo gold project in central British Columbia. The approval of its BC Mines Act permit means that the c … Read More
November 21, 2024
The Z87 open pit at the former Troilus gold-copper mine in Quebec. Credit: Troilus Gold Troilus Gold (TSX: TLG) continues to receive the financial backing of global export credit agencies (ECAs), this time from Export Development Canada (EDC), to support the d … Read More
November 21, 2024
The British government published on Thursday the results of a years-long probe into Glencore UK business in Chad, which concludes the miner and commodity trader did not fully comply with the OECD guidelines for multinationals in addressing a 2018 toxic spill a … Read More
November 21, 2024
Alrosa may suspend some production in 2025 and cut staff as it faces challenges with low global prices, according to CEO Pavel Marinychev. The world’s largest producer of rough diamonds by volume has been impacted by a ban on Russian diamond sales to G7 and EU … Read More
November 21, 2024
Canada’s Marimaca Copper (TSX: MARI) kicked off this week the process to dual list on the Australian Securities Exchange, a strategic move to boost growth and access to capital as it advances its flagship copper project in Chile. The company has reportedly en … Read More
November 20, 2024
White Gold (TSXV: WGO) reported an 18.5% rise in inferred and a 4.3% increase in indicated resources at its Yukon project, conceived by co-founder and veteran prospector Shawn Ryan. The project, backed since 2017 by Agnico Eagle Mines (TSX: AEM, NYSE: AEM) at … Read More
November 20, 2024
Eramet Grande Côte, a subsidiary of French multinational mining company Eramet, and South Africa’s JUWI Renewable Energies have reached financial close on a €30 million ($31.6m) off-grid solar photovoltaic (PV) and battery storage solution for the GCO mineral … Read More
November 20, 2024
Crystal Smith. Image from Linkedin. Taseko Mines (TSX: TKO; NYSE MKT: TGB; LSE: TKO) has appointed Crystal Smith to its board of directors. Smith has served as elected Chief Councillor of the Haisla Nation for the past seven years. She was instrumental in deve … Read More
November 20, 2024
Shares of NEO Battery Materials (TSXV: NBM) soared to its highest in more than two years on Wednesday after the silicon anode materials developer announced it has been awarded consortium partnership in a major battery recycling project in South Korea. The proj … Read More
November 20, 2024
Fortune Bay (TSXV: FOR) has commenced work to further advance its Goldfields gold project in northern Saskatchewan, announcing on Wednesday that it has engaged Fuse Advisors to define a development roadmap to advance the project toward the next stage of engine … Read More
November 20, 2024
Gold extended gains for a third straight day as investors sought haven in the precious metal amid mounting geopolitical unease fueled by escalating Russia-Ukraine tensions. Spot gold rose 0.7% to $2,650.96 per ounce by 12:55 p.m. ET, hitting its highest in mor … Read More
November 20, 2024
British Columbia Premier David Eby on Monday split the Ministry of Energy, Mines and Low Carbon Innovation into two: Mining and Critical Minerals and Energy and Climate Solutions, to fast-track projects and tackle regulatory and social challenges. Jagrup Brar, … Read More
November 20, 2024
Endeavour Silver (NYSE: EXK; TSX: EDR) will raise $73 million via a bought-deal offering to help advance its Pitarrilla project in Mexico. The company intends to issue approximately 15.8 million shares priced at $4.60 each. The stock opened Wednesday’s session … Read More
November 20, 2024
Norway’s Akobo Minerals (FRA: 643) (OTCMKTS: AKOBF) officially opened on Wednesday its Segele gold mine in Ethiopia, marking a major milestone in the country’s developing mining industry. The inauguration ceremony was attended by Ethiopia’s Prime Minister Abiy … Read More
November 20, 2024
The US economy could see a $3.4 billion hit if China imposes a total ban on gallium and germanium, according to a new report released by the United States Geological Survey (USGS). China imposed export licensing controls on mineral commodities containing galli … Read More
November 20, 2024
Australia’s Marvel Gold (ASX: MVL) announced on Wednesday that the planned sale of its gold projects in Mali will not proceed as intended due to recent developments affecting miners operating in the West African country. The junior miner had signed a binding a … Read More
November 19, 2024
A University of Calgary researcher is on a mission to increase mine safety globally by developing an advanced monitoring system that allows mine operators to ‘see’ how tailings dams are performing before problems occur. The novel approach has earned Dr. Susa … Read More
November 19, 2024
Graphjet Technology (Nasdaq: GTI), a Malaysia-headquartered developer of technologies to produce graphite and graphene directly from agricultural waste, announced Tuesday the start of operations at its first commercial-scale green graphite facility located in … Read More
November 19, 2024
Rio Tinto (ASX: RIO) will sit down with officials from the Bougainville region of Papua New Guinea to address the legacy impacts of a mine operated by its former subsidiary Bougainville Copper Ltd. (BCL) (ASX: BOC). A memorandum of understanding was signed on … Read More
November 19, 2024
British Columbia’s exploration sector has over 60 critical mineral projects waiting for permits. It’s a C$38 billion pileup of economic opportunities, some waiting indefinitely, Association for Mineral Exploration (AME) president and CEO Keerit Jutla says. Wit … Read More
November 19, 2024
Donald Trump’s presidential win is likely to be gold positive in the medium term, according to John Reade, chief market strategist for the World Gold Council. The potential for higher inflation, tax cuts and larger budget deficits alongside concerns over US do … Read More
November 19, 2024
NexGen Energy (TSX: NXE; NYSE: NXE; ASX: NXG) has successfully completed the final federal technical review for the Rook I Project in Saskatchewan’s Athabasca Basin. The company announced on Tuesday that the Canadian Nuclear Safety Commission has confirmed tha … Read More
November 19, 2024
Electra Battery Materials (NASDAQ, TSXV: ELBM) has secured a 10-year exploration permit for its Idaho copper and cobalt properties, covering a total of 91 designated drill pad locations and hundreds of potential drill targets. Compared to annual permits, this … Read More
November 19, 2024
BHP (ASX: BHP) has outlined its ambitious plans to boost copper production in Chile, aiming to increase output by 430,000 to 540,000 tonnes per annum (tpa) based on its current operations, but the world’s largest miner is also looking into new projects. Speaki … Read More
November 19, 2024
BQE Water (TSXV: BQE) has been contracted by PricewaterheadCooper – in its capacity as court appointed receiver of Victoria Gold in September – to assist with emergency response and to mitigate environmental impacts caused by the failure of the cyanide heap le … Read More
November 19, 2024
Troilus Gold (TSX: TLG) has progressed further with its project financing with the signing of two letters of intent (LOI) with the export credit agencies of Finland (Finnvera) and Sweden (EKN) for $300 million and $200 million, respectively. These follow the r … Read More
November 19, 2024
Australia’s Sayona Mining (ASX: SYA) is buying US-based Piedmont Lithium (ASX, NASDAQ: PLL) in an all-stock deal that will consolidate their Canadian operations and boost the merged firm’s exposure to the North American electric vehicle (EV) sector, the compan … Read More
November 18, 2024
CBMM, a company specializing in the production and commercialization of niobium products, has inaugurated the world’s first volume manufacturing facility dedicated to producing Echion Technologies’ proprietary fast charging XNO active anode material technology … Read More
November 18, 2024
A dispute is developing between junior rare earth developer Hastings Technology Metals (ASX: HAS) and its funding partner, Andrew Forrest’s private investment vehicle Wyloo Metals. The cash-strapped developer, which is building the Yangibana rare earths and n … Read More
November 18, 2024
Avalon Advanced Materials (TSX: AVL) has received a C$3.5 million ($2.5m) financing from Belgium’s SCR-Sibelco NV to help advance its Lake Superior lithium project in Ontario and the Nechalacho REE (rare earth elements) and zirconium project in the Northwest T … Read More
November 18, 2024
Wesdome Gold Mines (TSX: WDO) had a successful 2024 exploration program at the Kiena gold mine near Val d’Or, Quebec. Not only has the high-grade mineralization been extended, but there are reasons to consider a second mine at the site. Uncapped assays ran as … Read More
November 18, 2024
The Wagner Group has earned over $2.5 billion from illicit gold mining since the invasion of Ukraine, according to a report by the World Gold Council. The report, authored by former UK Deputy Prime Minister Dominic Raab, details how funds from illegal gold min … Read More
November 18, 2024
Australia’s Ionic Rare Earths Ltd (ASX: IXR) has completed a feasibility study for its rare earth oxide manufacturing facility in Belfast, UK, which demonstrates strong financial and environmental soundness. The company, which already produces a continuous sup … Read More
November 18, 2024
US Gold Corp. (Nasdaq: USAU) cleared a major hurdle in the development of its CK gold project on Monday after securing approval from the Wyoming Department of Environmental Quality (WDEQ) for its air quality permit. The air quality permit represents the last o … Read More
November 18, 2024
Gold rebounded sharply on Monday after posting its biggest weekly drop since 2021, as traders weighed the outlook for Federal Reserve rate cuts, given Donald Trump’s return to the White House next year. By 11:05 a.m. EDT, spot gold had risen over 2% to $2,612. … Read More
November 18, 2024
Canada’s Orla Mining (TSX: OLA) is buying Newmont’s (NYSE: NEM) Musselwhite gold mine in Ontario for $850 million, enabling it to more than double production of the precious metal, at times when prices are hovering near record highs. Orla will pay Newmont $81 … Read More
November 17, 2024
Aluminum prices are expected to stay elevated in 2024 owing to a tightening market balance on the back of strong growth in global demand outpacing supply, says BMI, a unit of Fitch Solutions Group. In a report released this week, the analytics firm said it exp … Read More
November 15, 2024
Management changes announced this week: Allied Gold appointed Johannes Stoltz as its chief operating officer. Silicon Metals named Leighton Bocking as president. South Pacific Metals named Dean Williamson its new exploration manager. Board changes: Allied Gold … Read More
November 15, 2024
A $2.5 million grant from the Freeport-McMoRan Foundation will support the University of Arizona in developing K-12 programs that educate teachers and students about responsible mining and inspire students to pursue education and careers in the mining industry … Read More
November 15, 2024
The US House of Representatives has passed the Critical Mineral Consistency Act of 2024 with bipartisan support of Republicans and Democrats. The bill modifies the Energy Act of 2020 to expand the definition of critical minerals to include critical materials … Read More
November 15, 2024
Silvercorp Metals (TSX: SVM; NYSE: SVM) and partner Salazar Resources (TSXV: SRL) can now build the Curipamba-El Domo copper-gold project in Ecuador it acquired in July after clearing a legal challenge that questioned its environmental approvals. The Bolivar P … Read More
November 15, 2024
The IEA and India’s mining ministry this week entered into a memorandum of understanding (MoU) which lays out a co-operation framework on critical minerals, ranging from data and statistics to the sharing of best practices for modelling and analysis. India is … Read More
November 15, 2024
Aya Gold & Silver (TSX: AYA) confirmed on Friday that its third quarter 2024 results came below expectations due to delays in commissioning its expanded Zgounder mine, but added that it is on track to achieve commercial production by year-end. Silver produ … Read More
November 15, 2024
Osisko Metals (TSX-V: OM) shares rose on Friday after the company announced an updated mineral resource estimate (MRE) for the Gaspé copper project, near Murdochville, in Quebec. The updated estimate includes pit-constrained resources comprising 824 million to … Read More
November 15, 2024
Peninsula Energy (ASX: PEN, OTCQB: PENMF) saw its shares plummet 18% on Friday after lowering the uranium production forecast for its Lance project in Wyoming. The company now expects the project to produce 600,000 pounds of uranium oxide (U3O8) during its ram … Read More
