Forrest’s $133M tungsten bet rockets EQR shares
Mining billionaire Andrew Forrest has agreed to buy a 17% stake in EQ Resources (ASX: EQR) from Oaktree Capital Management, sending the Australian tungsten producer’s shares to their biggest gain…
Financing
U.S. widens critical minerals lead over Europe: WSJ
The United States is outspending Europe in the race to secure critical minerals outside China, raising concerns that European manufacturers could remain dependent on Chinese supplies, The Wall Street Journal…
Malaysia probes Lynas’ Pentagon rare earths deal
Malaysia is scrutinizing Lynas Rare Earths’ (ASX: LYC) $96-million supply agreement with the U.S. Department of Defense after a parliamentary committee reviewed whether the deal could affect the country’s support…
Predictive invests in Awalé alongside Newmont, Fortuna
Predictive Discovery (ASX, TSX: PDI), a gold producer in West Africa, is taking a 12% stake in Awalé Resources (TSXV: ARIC), increasing its exposure to exploration in Côte d’Ivoire. The…
Altius raises C$182M after royalty buys
Altius Minerals (TSX: ALS; US-OTC: ATUSF) is raising $182 million (US$130 million) through a bought-deal share offering to strengthen its balance sheet following a series of royalty acquisitions. The St….
Carney seeks deeper Saudi mining, energy partnership
Canadian Prime Minister Mark Carney said Saudi Arabia could help drive growth in Canada’s mining and energy sectors as the two countries signed more than more than $1.4 billion (US$704…
Billions in US-funded rare earths are Asia-bound: report
United States-backed rare earths producers are selling much of their output to Japan and South Korea because American magnet manufacturing has yet to catch up with Washington’s drive to build…
Editorial: Develop it or cede it
There is a paradox at the heart of Canada’s relationship with its own territory. The country sits atop some of the most valuable mineral deposits on earth: uranium, nickel, copper, rare earths, zinc….
US awards $75M to recover critical metals from coal
Five projects selected for the Mines & Metals Capacity Expansion Pilot .
BHP’s Jansen mine, a year away, faces crowded slot
BHP’s (NYSE, LSE, ASX: BHP) Jansen mine in Saskatchewan – at $15.3 billion (C$21.6 billion), the company’s biggest ever investment – will join a packed field when it enters production about…
First Majestic wins permits for Santa Elena expansion
First Majestic Silver (TSX, NYSE: AG) has secured construction permits for two new underground portals at its Santa Elena mine in Mexico and will spend an additional $12 million (C$17…
REalloys gets US Army site nod, raises $100M
REalloys (Nasdaq: ALOY) is raising $100 million through a securities purchase agreement with institutional investors and the U.S. Army selected it among companies to build processing plants on military bases. …