Teck takes restructuring plan off the table ahead of vote
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two — a base metals and a coal…
Financial Matters, M&A
Canada can’t build great mining companies fast enough to meet demand
Mining runs on M&A — one of the only constants in a business that’s full of uncertainty. Still, it’s been painful to watch so many home-grown metals and mining companies…
Glencore ups stake in Polymet to 82% through US$195M rights offering
PolyMet Mining (TSX: POM) says it has completed one of the largest rights offering on the market. Under the offering, PolyMet shareholders had the right to acquire roughly 0.91 of…
Canadian budget contains $21 billion for clean technologies and critical minerals
Ottawa plans to spend $21 billion over five years on clean technology in one of the main platforms affecting the mining industry contained in Tuesday’s annual federal budget. Finance Minister…
Australian Burgundy buys Canada’s largest diamond operation, Arctic Canadian
Burgundy Diamond Mines (ASX: BDM) is buying debt-burdened Arctic Canadian, owner of Canada’s largest gem workings, the Ekati mine, to become one of the world’s biggest diamond operations. The purchase…
NioCorp shareholders approve merger that brings US$285M in funding for Elk Creek
NioCorp Developments (TSX: NB; US-OTC: NIOBF) announced on Friday that its shareholders have approved a merger with GX Acquisition Corp. II and up to $81 million in financing deals to…
ArcWest shares jump on Freeport earn-in deal as majors eye BC copper
Shares in junior explorer ArcWest Exploration (TSXV: AWX) jumped more than 80% in morning trading in Toronto after it announced an earn-in deal with Freeport-McMoRan (NYSE: FCX) on one of…
Ottawa funds critical mineral innovators as part of $3.8 billion strategy
Ottawa awarded six critical minerals companies a total of $14 million on Tuesday to help them develop technologies to mine or process metals bound for electric vehicles. East Coast rare…
Sigma Lithium stock surges on Tesla takeover rumours
Shares of Sigma Lithium (TSXV: SGMA) rose more than 20% on Tuesday morning following a long-weekend media report that electric vehicle manufacturer Tesla (NASDAQ: TSLA) is in takeover talks with…
TSX rises over the Feb. 6-10 trading week
Over the Feb. 6-10 trading period, the S&P/TSX Composite Index rose by 146.22 points or 0.7% to 20,758.34. The S&P/TSX Global Mining Index gained 3.34 points or 2.9% to 116.22…
B2Gold to buy Sabina Gold & Silver for $1.1B
Canada’s B2Gold (TSX: BTO; NYSE: BTG) is buying fellow precious metals miner Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) in an all-stock deal worth $1.1 billion (US$824 million). The…
VRIC 2023: Junior metals M&A to remain muted in 2023
Mining personality and resource speculator Rick Rule harbours little hope that the pace of junior resource sector mergers and acquisitions activity will quicken in the coming 12 months as quality…