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Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.
Uranium junior T92 expands in Athabasca basin, stock rockets
The share price of junior Terra Uranium (T92) rocketed 45% on the ASX on Monday, as the company announced that it has expanded its footprint in the Athabasca basin of Canada, at a time that the...
Samsung SDI invests in Canada Nickel
Korean battery and electronics manufacturer Samsung SDI has made an $18.5-million investment in Canada Nickel, the owner of the Crawford nickel/cobalt project in the Timmins-Cochrane mining camp,...
Syrah’s Louisiana AAM facility to start production before month-end
Australia-listed Syrah Resources has reported a slight delay in the production of active anode material (AAM) at its 11 250 t/y Vidalia facility, in Louisiana, but expects the plant to start...
Administrators suspend Savannah nickel operations, 140 redundancies
The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia, affecting 140 workers who will be made redundant over the...
Giyani secures $16m for Botswana manganese project
Canada-headquartered Giyani Metals has secured $16-million in financing from South Africa’s Industrial Development Corporation (IDC) to advance its battery-grade manganese project in Botswana. The...
Additional critical minerals stream doubles Toliara NPV
Mineral sands producer Base Resources is setting up its Toliara project, in Madagascar, as potentially one of the biggest and most cost-competitive sources of rare earth oxides globally by...
Kin Mining sells gold deposits to Genesis
Western Australia-based Kin Mining will sell tenements hosting 610 000 oz that form part of the Cardinia gold project to midtier gold producer Genesis Minerals for A$53.5-million in cash and...
Low nickel price claims Panoramic Resources
Australian nickel company Panoramic Resources went into voluntary administration on Thursday, having failed to secure funding or partnerships for the company or its Savannah nickel project in the...
Osisko Gold Royalties sells Osisko Mining shares for C$132m
Dual-listed Osisko Gold Royalties has sold its entire equity position in Osisko Mining for C$132-million, the company announced on Wednesday. The sale not only reaffirmed Osisko’s commitment to...
IGO warns of job losses at Cosmos, further impairments
Base metals firm IGO has halted construction of the mechanised materials handling system at the Cosmos project and, instead, will transition to an ore trucking operation, the company reported on...
Arizona Lithium hikes Prairie resource, PFS set for this month
ASX-listed Arizona Lithium on Wednesday announced a major upgrade in the total resource of its Prairie lithium project, in Saskatchewan. The project’s lithium carbonate equivalent (LCE) resources...
Growing tax toll on resources a concern for new investors – QRC
The Queensland Resources Council (QRC) has urged Queensland government to ensure the ongoing competitiveness of the state’s resources industry, warning that new investment will go elsewhere....
Flanagan to head Australian junior hunting for Simandou riches
Australian junior Arrow Minerals has announced a recapitalisation and board restructure, which is aimed at unlocking the potentially significant value of its Simandou North iron-ore project in...
Economics for Spain refinery and smelter continue to worsen, says Alcoa
US-based Alcoa will be meeting with representatives of the national and regional authorities in Spain this week to discuss financial losses at the San Ciprian complex, which consists of an alumina...
Charger to draw down Rio Tinto funding
Lithium junior Charger Metals is expecting to receive A$1.2-million from Rio Tinto Exploration this week under a farm-in agreement for its Lake Johnston lithium project, in the Yilgarn of Western...
Dundee reports maiden resource for Serbia project
Toronto-listed Dundee Precious Metals has announced a maiden mineral resource estimate (MRE) of 1.78-million ounces for its Čoka Rakita gold project in eastern Serbia, where it made a high-grade...
Solaris arranges $80m funding package for Ecuador project
Toronto-listed Solaris Resources has arranged a financing package of $80-million for the advancement of the Warintza project, in Ecuador. The company entered into definitive agreements with Orion...
GT1 raises A$14.6m for Canada lithium project
Australia-listed Green Technology Metals (GT1) has successfully raised A$14.6-million, or C$13-million, using the “flow-through shares” provision under Canadian tax laws. The company issued...
Sprott, HanETF launch copper miners ETF focused on lower carbon footprint
HanETF and Sprott Asset Management have launched an exchange-traded fund in Europe that tracks copper miners with a lower carbon footprint, in what will be their third fund to be unveiled together...
Another WA potash hopeful folds
Australian Potash, which owns Lake Wells sulphate of potash (LSOP) development in Western Australia, has succumbed to financial challenges, leading to the company being placed in the hands of...
Australia’s potential share of critical minerals investments worth A$20bn/y, report shows
To meet the temperature targets of the Paris Agreement necessitates not only the rapid and widespread deployment of clean energy technologies, but also a monumental scaling up of mineral...
Boss completes A$205m placement
Boss Energy, which is buying a stake in the Alta Mesa project in the US, has completed its bookbuild to raise A$205-million through a single tranche placement of new fully paid ordinary shares....
Green Technology targets FID for Ontario lithium project in 2024
Canada-focused lithium company Green Technology Metals (GT1) has progressed its Seymour mine development, in Ontario, to a definitive feasibility study (DFS), targeting a financial investment...
Major reshuffle of BHP’s top executives
Diversified mining major BHP on Thursday unveiled a major reshuffling of its top executives, assembling a team with the “right mix of skills and experience” to deliver its strategy and pursue its...
Desert Metals receives strong support for placement
ASX-listed Desert Metals has received commitments for a placement of shares and attaching options to raise A$3.75-million to fund drilling and exploration in Côte d’Ivoire and to continue...
Australia’s Boss Energy buys stake in enCore's Alta Mesa uranium asset
NYSE- and TSX-V-listed enCore Energy has sold a 30% interest in its Alta Mesa project, in the US, to Australia’s Boss Energy for $70-million. Boss will pay $60-million for its interest, make an...
Rio Tinto investing $10bn/y in capex, spotlight on Simandou
Diversified major Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026, with the cornerstone of its investment strategy over the next three years being its...
Mellon puts £1m into Condor for financial runway during sales process
The chairperson of Condor Gold, Jim Mellon, has put another £1-million into the company to ensure sufficient financial runway during the sales process of its Nicaragua assets. Mellon’s Burnbrae...
Allied Gold executives put money where their mouth is
The executive team at Allied Gold, which recently debuted on the Toronto exchange, is actively demonstrating their confidence in the company’s future by increasing their investment. Directors and...
Blackstone takes option on CaNickel's Bucko Lake mine
ASX-listed Blackstone Minerals has executed an option agreement to acquire 100% of the Wabowden nickel sulphide project, in the Thompson nickel belt of Manitoba, Canada, from CaNickel for up to...
Evolution seals $475m deal for iconic Northparkes mine
Gold mining company Evolution Mining on Tuesday announced it would buy an 80% interest in the Northparkes copper/gold mine, in New South Wales, from CMOC Group. The deal, valued at $475-million,...
Australia’s mineral exploration spending soars to new heights
Mineral exploration spending in Australia continues to be on an upward trajectory, with companies investing more than A$1-billion in the search for riches in minerals and petroleum in the September...
Tighter graphite markets put spotlight on Canadian producer
The controls that China imposed for graphite exports have added new vigour to conversations with global suppliers, says Canadian producer Northern Graphite CEO Hugues Jacquemin. He reports that...
Patriot kick starts Corvette approvals process
Vancouver-based Patriot Battery Metals has initiated the approvals process for the Corvette project, submitting the preliminary information statement to the Quebec government. The submission...
Sayona’s Moblan DFS to be finalised early next year
A definitive feasibility study (DFS) for the Moblan lithium project, the centrepiece of Sayona Mining’s Eeyou Istchee James Bay hub, will be released in the first quarter of 2024, interim CEO James...
Giyani secures $16m for Botswana manganese project
Canada-headquartered Giyani Metals has secured $16-million in financing from South Africa’s Industrial Development Corporation (IDC) to advance its battery-grade manganese project in Botswana. The...
Peak slashes costs at Tanzania rare earths project
Despite global inflationary pressures, Australia-listed Peak Rare Earths has successfully reduced its capital and operating cost estimates for the Ngualla project, in Tanzania. The project, which...
Champion Iron bolsters liquidity for growth opportunities
Quebec Iron Ore (QIO), a subsidiary of TSX- and ASX-listed Champion Iron, has completed a $230-million term-loan financing facility, significantly increasing its available liquidity to support...
Polymetals raises cash for Endeavour mine
Australian exploration company Polymetals Resources has announced an one-for-six nonrenounceable rights issue of new shares to raise up to A$8.12-million. Executive chairperson David Sproule will...
$60m Vitol funding to see Dartbrook restart in new year
The Dartbrook joint venture (JV) has received a credit committee approved offer on terms for a three-year $60-million debt facility from energy and commodities company Vitol Asia, ASX-listed...
Lake explores strategic partnerships for Kachi lithium project
Australia-listed Lake Resources is embarking on a quest for strategic partnerships to propel its Kachi lithium brine project, in Argentina, to new heights. The company is looking for a partner to...
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