RANKED: Top 10 automakers by battery cobalt spending
Democratic Republic of Congo’s export quotas have lit a fire under cobalt prices and spending on the battery material is up 43% year on year despite ongoing thrifting. A surge…
Financing
Appian, World Bank unit start $1B critical minerals fund
U.K. private-equity firm Appian Capital Advisory is teaming up with the World Bank-owned International Finance Corporation (IFC) to start a $1-billion critical minerals, metals and mining fund that will be…
Petra Diamonds seeks $25M lifeline as market slumps
Africa-focused Petra Diamonds (LSE: PDL) has launched an £18.8-million (US$25-million) rights issue as part of a crucial refinancing strategy aimed at keeping the Africa-focused miner afloat during a severe downturn…
Government equity in miners becomes U.S. norm
The Trump administration is ratcheting up government ownership in mining companies that are nominally Canadian, raising questions about whether Ottawa plans similar investments. Trump has ordered his Department of War…
Fortuna soars on fast repay plan for Senegal gold project
Fortuna Mining (TSX: FVI; NYSE: FSM) says a preliminary economic assessment (PEA) for the Diamba Sud gold project in Senegal shows the Canadian miner could recoup its investment in less than…
McEwen Copper’s Los Azules eyes gain from RIGI
A feasibility study for McEwen Mining (NYSE, TSX: MUX) subsidiary McEwen Copper’s Los Azules project in Argentina outlines a mid-tier project that stands to potentially save millions of dollars in…
Titan soars as EXIM mulls $120M for graphite plant
Titan Mining (TSX: TI) shares surged to a historic high on news the U.S. Export-Import Bank (EXIM) is weighing potential funding of up to $120 million (C$167.3 million) that would…
G Mining eyes Guyana gold project decision this month
G Mining Ventures (TSX: GMIN; US-OTC: GMINF) said Monday it will decide this month whether to proceed with the Oko West project in Guyana after securing up to $537.5 million (C$753 million)…
Critical Metals pares gains as U.S. government talks report downplayed
Critical Metals (NASDAQ: CRML) shares gave up some their early gains Monday afternoon after the White House shot down reports that it is considering buying a stake in the rare…
Troilus CEO nets European funding on Carney trip
Troilus Gold (TSX: TLG; US-OTC: CHXMF) has lined up hundreds of millions in European financing and offtake deals fresh from a Canadian trade mission promoting what CEO Justin Reid calls…
DOE agrees to buy 5% stake in Lithium Americas
The United States’ Department of Energy (DOE) agreed to buy minority stakes in Lithium Americas (TSX, NYSE: LAC) and its Thacker Pass project in Nevada in exchange for authorizing funding…
DPM halts Ecuador gold project drilling amid protests
Drilling at DPM Metals’ (TSX, ASX: DPM) Loma Larga project in Ecuador has been put on hold following widespread protests, the Canadian miner said as it released a new study…