December 23, 2024
Sigma Lithium (TSXV, NASDAQ: SGML) announced on Monday it has received all required licences to build a second mine at its flagship Grota do Cirilo property in Minas Gerais, Brazil, which would provide continued spodumene ore feedstock supply for its productio … Read More
December 23, 2024
American Rare Earths (ASX: ARR) announced that its wholly owned subsidiary, Wyoming Rare, has secured a facility at the Western Research Institute to progress the Halleck Creek rare earths project and enhance its operational capabilities in the region. The Ins … Read More
December 23, 2024
Rare earths developer Aclara Resources (TSX: ARA) is raising $25 million from a private placement of shares to fund the Carina project in Brazil, for which it plans to apply for a preliminary licence and complete a pre-feasibility study next year. The shares w … Read More
December 23, 2024
Chile’s state-owned copper producer Codelco said on Monday it has applied for an environmental permit to extend the life of its Gabriela Mistral mine by over 25 years, pushing the current closure date from 2028 to at least 2055. The $800 million proposal aims … Read More
December 23, 2024
Osisko Development (NYSE: ODV, TSXV: ODV) is advancing a feasibility study and project financing for its Cariboo gold project in British Columbia after getting a construction permit this month, founder and CEO Sean Roosen told a recent London event. The 5,000- … Read More
December 23, 2024
Honey Badger Silver (TSXV: TUF) aims to redefine silver investment by combining high-grade assets with cash flow from royalties and streams, non-executive chair Chad Williams told a London event this month. The company holds seven Canadian silver assets. It sp … Read More
December 23, 2024
Midnight Sun Mining (TSXV: MMA / OTC: MDNGF) announced Monday that the application for its exploration licence renewal for its flagship Solwezi copper project in Zambia has been approved. The exploration licence renewal is for the Kazhiba target on Solwezi. T … Read More
December 22, 2024
Alberta has announced plans to draft new rules that will see mountaintop removal mining and open-pit coal developments prohibited on the eastern slopes of the Rocky Mountains. In a statement on Friday afternoon, Energy and Minerals Minister Brian Jean said “th … Read More
December 22, 2024
Global gold production will peak at about 3,250 tonnes (105 million ounces) next year, marking a historic high before entering a prolonged decline, a London event heard this month. From 2025 onward, global gold production is forecast to fall. Reserves will dep … Read More
December 20, 2024
With a personal investment of $225 million on the line, much is at stake for Rob McEwen with the success of McEwen Copper’s flagship Los Azules project in Argentina. McEwen, chief owner of McEwen Mining (TSX: MUX; NYSE: MUX) that owns it all says it’s “a prude … Read More
December 20, 2024
Kodal Minerals (LON: KOD) confirmed on Friday that its Bougouni lithium project in southern Mali remains on track for production in the first quarter of 2025 after the mine developer made progress in commissioning activities this week. In a press release, Koda … Read More
December 20, 2024
Foran Mining (TSX: FOM) has secured conditional approval from Natural Resources Canada (NRCan) for up to C$20 million ($14m) in funding to support the construction of clean energy infrastructure at its McIlvenna Bay project. The funding will be made through th … Read More
December 20, 2024
Africa-focused Petra Diamonds (LON: PDL) has cut its price forecasts for 2025 and announced job cuts affecting group operations and South African support functions, in a fresh effort to reduce costs and boost cash flow amid ongoing challenges in the global dia … Read More
December 20, 2024
Earth AI, a technology-driven explorer for clean energy metals, has identified a new gold system at its Willow Glen molybdenum-gold project near Guyra, New South Wales, Australia, about 400 km north of Sydney. Using its proprietary AI platform, the company dri … Read More
December 19, 2024
Asante Gold (CSE: ASE) has secured $500 million from UAE’s Fujairah Holdings for the forward sale of gold produced at its Bibiani mine. An advance deposit of $100 million has already been paid to Asante’s subsidiary. Chief executive Dave Anthony said this paym … Read More
December 19, 2024
Silver Mountain Resources (TSXV: AGMR) has been given the full go-ahead to begin operations at the Reliquias mine and the Caudalosa plant in Peru after the project was recognized as an “active site” by the mining ministry. The ministry’s confirmation, said Sil … Read More
December 19, 2024
Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) will buy an existing 0.5% gross overriding revenue royalty on the construction-stage Tres Quebradas lithium project in northern Argentina from Lithium Royalty Corp. (TSX: LIRC) for $28 million, it said Thursd … Read More
December 19, 2024
West African-focused miner Montage Gold (TSX-V: MAU) has officially begun construction on its flagship Koné gold project in Côte d’Ivoire. The Koné project, regarded one of the highest quality gold projects in Africa, is anticipated to deliver its first gold p … Read More
December 19, 2024
Peninsula Energy (ASX: PEN) announced Thursday it has restarted operations at its flagship Lance project in Wyoming following a five-year hiatus. With this, the Australian group becomes the newest uranium supplier in North America. The Lance project represents … Read More
December 19, 2024
Activist investor Palliser Capital is intensifying its campaign to push Rio Tinto (ASX, LON: RIO) into conducting an “independent, comprehensive, and transparent” review of its dual listing in London and Sydney. The UK-based hedge fund said on Thursday it will … Read More
December 19, 2024
Two British Columbia mining groups slammed a report on mine development delays as “flawed” but noted it shows the need for overhauling the province’s permitting process. The study, Does regulation delay mines? A timeline and economic benefit audit of British C … Read More
December 19, 2024
Standard Lithium (TSXV: SLI) has launched a pilot Direct Lithium Extraction (DLE) plant in Arkansas to process brine for battery-quality lithium carbonate. In partnership with Koch Technology Solutions, the company is now operating the plant at its South West … Read More
December 18, 2024
Gold extended losses on Wednesday after the US Federal Reserve expectedly lowered interest rates while signalling a more cautious approach to monetary easing next year. Spot gold was down 0.9% to $2,622.44 an ounce by 2:40 p.m. ET following the announcement, t … Read More
December 18, 2024
Cartier Resources (TSXV: ECR) has reported high-grade drill results from the western part of its flagship East Cadillac gold property, located 45 km east of the Val-d’Or mining camp of Quebec. The 2024 exploration drilling program consisted of 162 holes for a … Read More
December 18, 2024
Dundee Precious Metals’ (TSX: DPM) new pre-feasibility study for its Čoka Rakita gold project in Serbia raises the after-tax net present value (NPV) by a quarter and the internal rate of return (IRR) by 8% over the preliminary economic assessment (PEA) from Ma … Read More
December 18, 2024
Torex Gold Resources (TSX: TXG) is allowed to resume activities at its Morelos mine complex after Mexico’s Director General of Mines lifted its temporary suspension on Wednesday. The company was ordered to suspend activities on Dec. 9 following a carbon monoxi … Read More
December 18, 2024
Barrick Gold (NYSE:GOLD; TSX:ABX) announced on Wednesday that it had submitted a request for arbitration to the International Centre for the Settlement of Investment Disputes (ICSID) to resolve disagreements with the Malian government over its Loulo-Gounkoto m … Read More
December 18, 2024
German automaker Volkswagen (ETR: VOW3) announced on Wednesday its acquisition of a 9.9% stake in Canadian lithium company Patriot Battery Metals (TSX: PMET) (ASX: PMT) for $48 million. This marks the first time Volkswagen and its battery subsidiary, PowerCo, … Read More
December 18, 2024
Motswedi and Seriti. (Images courtesy of Lucara Diamond.) Canada’s Lucara Diamond (TSX: LUC) has unveiled the names chosen of the two largest diamonds recovered this year at its prolific Karowe mine in Botswana. The 2,488 carat diamond found in August has been … Read More
December 17, 2024
Researchers at the Oak Ridge National Laboratory (ORNL) are testing two new methods of transforming coal into the scarce mineral graphite used in batteries for electric vehicles and renewable energy storage. This coal-to-graphite project features a diverse tea … Read More
December 17, 2024
As 2024 closes out, the uranium spot price touches a low point for the year but remains at a higher level than seen in more than a decade, as Japan’s interest in bolstering nuclear energy adds tailwinds to uranium demand. Uranium oxide sat at $77.08 per lb. at … Read More
December 17, 2024
The race to secure critical minerals vital for strategic industries has triggered a surge in resource nationalism, with 72 nations adopting increasingly protectionist policies, according to new research by global risk intelligence firm Verisk Maplecroft. Jimen … Read More
December 17, 2024
Australia’s Westgold Resources (ASX: WGX) (TSX: WGX) has unveiled a 10-year expansion plan for its Fortnum operation following a scoping study that outlined potential gold production boosts from 713,000 to 871,000 oz. Along with more gold production, the expan … Read More
December 17, 2024
The Turmalina gold mine, operated by Jaguar Mining (TSX: JAG), has been suspended by the Regional Superintendence of Labor of Minas Gerais (SRTE/MG) due to safety risks stemming from a recent tailings pile collapse. Located in the community of Casquilho de Cim … Read More
December 17, 2024
US miner Arcadium Lithium (ASX: LTM)(NYSE: ALTM) is facing legal challenges as shareholders have filed lawsuits alleging misrepresentation and negligence linked to Rio Tinto’s (ASX, LON, NYSE: RIO) $6.7 billion takeover. Arcadium is countering the claims – f … Read More
December 17, 2024
Australia’s two largest iron ore miners Rio Tinto (ASX: RIO) and BHP (ASX: BHP) are joining forces with BlueScope Steel to develop the country’s largest low-carbon iron-making furnace, to be located in the Kwinana Industrial Area, south of Perth. The NeoSmelt … Read More
December 16, 2024
Quebec attracts substantial mining investment thanks to strong government support, a well-developed critical minerals strategy and innovative technologies, an industry panel heard this month in London. That enables companies like Osisko Metals (TSXV: OM), a ke … Read More
December 16, 2024
Debt-ridden Hummingbird Resources (AIM: HUM) announced on Monday that an agreement has been struck for Nioko Resources, a wholly owned subsidiary of creditor CIG, to acquire the company in an all-cash deal worth approximately £13.8 million ($17.5 million). Und … Read More
December 16, 2024
Canadian Critical Minerals (TSXV: CCMI) now has a 10.4% stake in XXIX Metal (TSXV: XXIX), which controls two of the largest copper projects in Eastern Canada, CCMI confirmed Monday. Formerly known as QC Copper and Gold, XXIX began trading under its new ticker … Read More
December 16, 2024
Skeena Resources (TSX: SKE) (NYSE: SKE) has unlocked $195 million in funding for its 100%-owned Eskay Creek project in British Columbia’s Golden Triangle after further progress was made in its permitting. On Monday, the company announced that it has been permi … Read More
December 16, 2024
Gold was little moved on Monday ahead of the US Federal Reserve’s final interest rate decision of the year, with traders also weighing the policy outlook for 2025. Spot gold gained only 0.1% to $2,651.67 per ounce by 11:50 a.m. ET, while US gold futures slippe … Read More
December 16, 2024
Anglo-Norwegian miner Norge Mining has acquired Skaland Graphite AS, the biggest natural graphite producer in Europe, from the Australian mining company Mineral Commodities Ltd. The Skaland mine is the world’s highest-grade operating flake graphite mine and th … Read More
December 16, 2024
Alpayana SAC, a Peruvian family-owned private mining company, said on Monday it intends to make an all-cash takeover offer directly to the shareholders of Sierra Metals (TSX: SMT), having previously failed in its bid to buy the company to Sierra’s board. The o … Read More
December 16, 2024
Barrick Gold (NYSE:GOLD)(TSX:ABX), the world’s second-largest gold miner, has issued a stark warning: it will suspend operations in Mali if shipments of gold remain blocked and disputes with the government over a new mining code remain unresolved. The Canadia … Read More
December 15, 2024
In an effort to supercharge Australia’s critical mineral supply chain, the Clean Energy Finance Corporation (CEFC) is investing $75 million in mining-focused alternative investments firm Resource Capital Funds (RFC). This move targets the sustainable productio … Read More
December 14, 2024
Fireweed Metals (TSXV: FWZ) on Friday secured millions in US and Canadian critical minerals project funding. The US Department of Defense invested about $15.8 million under the Defense Production Act. It also got up to C$12.9 million from Canada’s Critical Min … Read More
December 13, 2024
Canada Nickel (TSXV: CNC) has received a C$20 million ($14m) investment from Taykwa Tagamou Nation, a Cree First Nation in northern Ontario. This is believed to be the first Indigenous funding in Canada’s critical minerals sector. The investment involves buyin … Read More
December 13, 2024
Copper trading was febrile in 2024 attracting speculators well outside commodity circles who were desperate to connect the metal to what has become the ultimate market pump action – AI. AI data centers were going to do for copper what the energy transition an … Read More
December 13, 2024
A court has raised PricewaterhouseCoopers’ (PwC) borrowing limit to C$105 million ($74m) to fund the cleanup of Victoria Gold’s Eagle mine in Canada’s Yukon Territory as costs are said to range from C$100 million to C$150 million. The Monday order from the Ont … Read More
December 13, 2024
Rio Tinto (ASX, NYSE: RIO) said on Friday it is assessing the potential for extracting and valorising gallium, a critical and strategic mineral already present in the bauxite processed in its alumina refinery in Saguenay–Lac-Saint-Jean, in Quebec, the only one … Read More
