Foran assays extend copper zone at McIlvenna Bay
Foran Mining (TSX: FOM; OTCQ-X: FMCXF) cut a highlight result of 21.3 metres grading 1.55% copper at its McIlvenna Bay project in east-central Saskatchewan. Hole BZ-25-02 also intersected 0.69% zinc,…
Financing
Augusta offered $50M loan to build Nevada gold mine
Augusta Gold (TSX: G; US-OTC: AUGG) has received a letter from the Export-Import Bank of the United States (EXIM) expressing its interest in providing up to $50 million for the…
Sprott to buy $200M of uranium for special fund
Asset manager Sprott (TSX, NYSE: SII) said it plans to buy about US$200.1 million ($270 million) worth of physical uranium for its dedicated fund after raising twice as much money…
Critical Metals in line for $120M US loan for Greenland rare earth project
Critical Metals (Nasdaq: CRML) says it’s been tapped for a U.S. government loan worth up to $120 million to fund the company’s Tanbreez rare earth project in southern Greenland, The…
Sea floor developer TMC lands $85M from Korea Zinc
Canada’s The Metals Company (Nasdaq: TMC) said on Monday that South Korean refiner Korea Zinc will invest $85.2 million (C$116 million) in the company, a major boost for its plans…
Ontario nuclear plan could boost uranium mining
Ontario is preparing to expand its nuclear energy capacity to meet rising electricity demand, a move that could support uranium consumption and create opportunities for critical-mineral development. The Energy for…
MinRes, Ganfeng pump cash into lithium JV
Australia’s Mineral Resources (ASX: MIN) is expected to inject A$150 million (US$98 million) into its troubled Mount Marion lithium operation as it battles a prolonged slump the battery metal’s prices….
Novagold sees Donlin feasibility study by end ’27: CEO
Novagold Resources (TSX: NG) is pressing ahead with an updated feasibility study for its Donlin Gold project in Alaska now that Barrick Mining (TSX: ABX; NYSE: B) is no longer…
Rio’s $2B mine keeps Aus iron ore relevant: CEO
Rio Tinto (NYSE, LSE, ASX: RIO) this month opened its new Western Range iron ore mine, the first part of the company’s $13.3-billion (C$18.1-billion) investment plan to rejuvenate Australia’s Pilbara…
No takers for Nova Scotia uranium blocks post-ban
Nova Scotia, having recently lifted its decades-long ban on uranium exploration, says it has not received any bids for the request for proposals (RFPs) covering three areas prospective of the…
Amaroq raises £45M to fund Greenland expansion
Amaroq Minerals (LSE-A, TSXV: AMRQ) has raised £45 million (C$83.2 million) in an oversubscribed financing round to expand Nalunaq gold mine production in Greenland, a territory that has piqued the…
Perseus falls on gold output forecast
Shares in Perseus Mining (ASX, TSX: PRU) fell on Wednesday after the Africa-focused gold miner said annual output is sill affected by developing the Nyanzaga project in Tanzania that is…