Tactical raises up to $140M for Texas rare earths project
Tactical Resources (TSX-V: RARE; US-OTC: USREF) said U.S. asset manager Yorkville Advisors Global agreed to provide up to $140 million (C$196 million) in financing – a move that will help…
Financial Matters, M&A
Solaris values Ecuador copper mine at $4.6B
Swiss mine developer Solaris Resources (TSX: SLS; NYSE: SLSR) says a prefeasibility study shows its Warintza copper-gold project in southeastern Ecuador would generate an after-tax net present value of $4.6 billion (C$6.4…
Equinox Gold rises on record output
Shares in Equinox Gold (TSX, NYSE-A: EQX) jumped on Thursday after the company reported record third-quarter production alongside low costs. The Canadian gold miner’s output during the three months to…
Lundin Mining lifts copper outlook, cuts costs
Canada’s Lundin Mining (TSX: LUN) has raised its forecast for full-year copper output and cut its costs outlook after stronger-than-expected performance at its Caserones mine in Chile. Lundin, which generated…
Iamgold hits record gold output
Canadian miner Iamgold (TSX: IMG; NYSE: IAG) has reported strong third-quarter results, driven by record production at its flagship Côté gold mine in Ontario and continued debt reduction efforts. The…
Electra restarts construction at Ont. cobalt refinery
Electra Battery Materials (TSX-V, Nasdaq: ELBM) said it’s resumed construction at its Ontario cobalt sulfate refinery after securing about $82 million (C$115 million) in project financing. The stock soared. Work…
Blue Gold secures $140M to restart Ghana gold mine
Shares of Blue Gold (Nasdaq: BGL) jumped as much as 9.6% Wednesday after the junior miner announced it had secured an additional $65 million in funding to restart the Bogoso…
Codelco grows copper output despite mine collapse
Chile’s state-owned copper giant Codelco, the world’s largest producer of the metal, expects 2025 and 2026 production to slightly surpass last year’s output, signalling resilience in the face of a…
Energy Fuels may beat 2025 uranium forecast
Energy Fuels (NYSE-A: UUUU; TSX: EFR) is poised to exceed this year’s guidance for uranium mine production and meet its estimate for processed uranium products, the company said while releasing…
Gold Fields pays $50M for 12% of Founders Metals
Gold Fields (NYSE, JSE: GFI) agreed to pay about $50 million (US$36 million) to become the biggest shareholder in Founders Metals (TSXV: FDR; US-OTC: FDMIF), which is developing the Antino…
Canada backs critical minerals projects worth $6.4B
Canada’s federal government unveiled plans to support 25 new investments it says will help to unlock some $6.4 billion (US$4.6 billion) of critical minerals projects tied to the production of…
Site visit: Revival Gold shows ‘exploration sizzle’ in Idaho
BOISE, Idaho – An underground discovery hunt in central Idaho could shuffle Revival Gold’s (TSXV: RVG; US-OTC: RVLGF) development queue, CEO Hugh Agro said this week on a site visit….