Yukon court OKs rare Indigenous bid for mine ownership
There could be landmark new life in the abandoned Minto copper-gold mine in the Yukon. The territory’s Supreme Court has approved a private bid by the Selkirk First Nation to…
Financial Matters, M&A
Perseus ups stake in Guinea-focused Predictive Discovery to 19.9%
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is increasing its stake in Predictive Discovery (ASX: PDI), a BlackRock-backed company advancing the Bankan gold project in Guinea. The Perth-based…
Arcadium Lithium suspends Mt. Cattlin in Australia
Arcadium Lithium (NYSE: ALTM; ASX LTM), one of the world’s largest producers of the battery metal, plans to idle its Mt. Cattlin spodumene mine in Australia next year in another step…
Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking. The iron ore…
GM delays $330M Thacker Pass funding in latest sign of lithium slowdown
General Motors (NYSE: GM) has postponed a $330-million investment in Lithium Americas (TSX: LAC; NYSE: LAC), pushing the second tranche of their $650-million deal, announced in early 2023, to the…
Northern Graphite boosts production 59% despite financial challenges
Northern Graphite (TSXV: NGC; US-OTC: NGPHF), the continent’s only graphite producer, reported a 59% increase in production from the first to second quarter this year at its Lac des Iles…
Aura Minerals delays Matupá construction for more drilling to expand gold resource
Aura Minerals (TSX: ORA) (OTCQX: ORAAF) says it’s delaying construction of its Matupá gold project in Brazil for more exploration to “significantly” expand the company’s resources. The Canadian miner withdrew…
Chalice reduces board, costs amid nickel slump
Australia’s Chalice Mining (ASX: CHN) is the latest nickel player forced to cut costs amid a sharp decline in the metal’s price. Chalice announced a series of measures on Friday…
SQM profit falls 63%, sees more weak lithium prices
Chile’s SQM (NYSE: SQM), the world’s second-biggest lithium producer, reported a sharp 63% decline in quarterly profit on the back of slumping prices of the key metal used in the…
Heavy rains to threaten 25% of world’s copper projects by 2050
Copper extraction is crucial to the energy transition, but a quarter of sites mining the metal face a rising threat from the impacts of climate change by mid-century, according to…
Victoria Gold CEO McConnell axed
Victoria Gold (TSXV: VGCX) CEO John McConnell has lost his job, the CBC reports. PricewaterhouseCoopers, the firm handling Victoria’s Eagle mine in the Yukon after it was forced into receivership…
Video: ‘Grade smearing’ top junior sector misdeed, Brent Cook says
Retail investors can struggle to make sense of drill results, but some junior mining explorers make things worse with misleading reporting practices that inflate the value of their projects, industry…