Agnico boosts stake in Maple Gold as companies end Quebec JV
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has raised its stake in Maple Gold Mines (TSXV: MGM) to just under 20% after the companies ended their 50-50 joint venture at…
Financing
Sitka buys Victoria Gold’s abutting Clear Creek in Yukon
Sitka Gold (TSXV: SIG) (OTCQB: SITKF) is expanding in the Yukon by acquiring the adjoining Clear Creek property from Victoria Gold (TSX: VGCX) in a cash and shares deal valued…
Friedland, McEwen back Power Nickel’s oversubscribed $20M funding
Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent $20 million “oversubscribed” financing round backed by billionaire investor Robert Friedland and mining veteran Rob McEwen. The Toronto-based junior said…
Savannah Resources raises US$20M for Barroso lithium project
Savannah Resources (AIM: SAV), the British company behind the Barroso lithium project in Portugal, has secured a £16 million (US$20.2 million) investment from Dutch miner AMG, which has become the…
South Africa’s unity rule may boost mining
South Africa’s new coalition government with a pro-business party could help the world’s leading platinum producer improve its troubled power and rail networks getting metal to market, analysts say. The…
Chilean Cobalt lines up potential US$317M loan from EXIM Bank
The United States Export-Import Bank has signed a letter of interest to back Philadelphia-based critical minerals explorer Chilean Cobalt (US-OTC: COBA) with US$317.4 million in debt to restart the La…
How to attract Silicon Valley and Gen Zs
Silicon Valley could help the mining industry solve problems from funding to smelting but tech wizards shouldn’t necessarily run a mine, panellists told a conference on financing trends in New…
Considering M&A? Here’s what to ask
A large copper miner in Chile only found it had been overpaying a royalty by a significant amount after three ownership deals and 20 years of operation, lawyer Greg McNab…
NextSource lands World Bank support for Molo graphite expansion
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) has signed a mandate letter with International Finance Corp., the private sector investment arm of the World Bank Group, to lead a senior debt…
Green bonds grow as financing option
Green bonds are a rising source of funding as project developers widen their search for financing beyond stock markets, according to a panel at a New York mining conference. There…
Nevada Copper files for bankruptcy, names new boss
Cash-strapped miner Nevada Copper (TSX: NCU) has filed for bankruptcy protection under Chapter 11, kicking off a restructuring process that will halt its Pumpkin Hollow mine. President and chief executive,…
Fireweed Metals nets $41.7M Lundin-backed financing for Yukon crit-mins exploration
Fireweed Metals (TSXV: FWZ) has boosted a private placement to $41.7 million to fund this year’s exploration in the Macpass critical minerals district of Yukon. The share offering supported by…