US backs firms for first gallium in 40 years
The U.S. Department of Energy is funding five companies to help establish a domestic supply chain for gallium, a critical material for the defence and semiconductor sectors that America hasn’t…
Financing
DRC boosts US copper sales fivefold to 500,000 tonnes
The Democratic Republic of Congo has raised planned copper sales to the United States to 500,000 tonnes through a state-backed marketing venture, marking a fivefold increase from its initial January…
Giant battery maker CATL sets $4.4B to expand mining
Contemporary Amperex Technology (CATL), one of the world’s largest battery makers, has earmarked $4.4 billion to push deeper into mining amid a global energy shock that has raised fears over…
Hancock, Rio Tinto ordered to pay Hope Downs royalties to ex-partners
Australian billionaire Gina Rinehart’s Hancock Prospecting and partner Rio Tinto (LSE, NYSE, ASX: RIO) must pay millions of dollars in past and future royalties after a court sided with the…
Canadian Copper secures up to $96M to develop New Brunswick complex
Canadian Copper (CSE: CCI) has secured up to $96 million to more than cover initial capital costs for the Murray Brook project in New Brunswick as well as the buildout…
Aura OKs Guatemala gold build with higher capex
Aura Minerals (Nasdaq: AUGO) is proceeding to build its Era Dorada project in Guatemala, marking an expansion into Central America, after increasing a capital cost forecast by as much as…
Nouveau Monde raises $297M as Italy’s Eni takes stake
Nouveau Monde Graphite (NYSE: NMG; TSX: NOU) is raising $297 million (C$413 million) in a transaction that will see Italian energy giant Eni buy a 12% stake to help the Canadian…
Huge lithium deposit due on Nasdaq after $571M deal
A company holding one of the largest U.S. lithium development assets that’s already part of the government’s FAST-41 speedy permits stream is set to list on the Nasdaq following a…
NioCorp nears Elk Creek full $1.1B financing
NioCorp Developments (Nasdaq: NB) says it has signed up commodity trader Traxys to buy and market the remaining planned output from Elk Creek, moving closer to full financing for the…
Rock Tech Lithium attracts $200M investment in Ontario processing plant
Canadian property developer BMI Group agreed to invest $200 million (US$144 million) in Rock Tech Lithium’s (TSX-V: RCK) proposed processing facility in northern Ontario – a key step toward building…
First Quantum taps IFC for Argentina copper push
First Quantum Minerals (TSX: FM) has partnered with the World Bank’s International Finance Corporation (IFC) to align its Taca Taca copper project in Argentina with global sustainability standards. The agreement…
Versamet Royalties buys $360M gold stream on Skeena’s Eskay Creek in BC
Versamet Royalties (TSX-V: VMET) agreed to buy a cornerstone gold stream on Skeena Resources’ (TSX: SKE; NYSE: SKE) Eskay Creek project in British Columbia in a $360-million (C$500-million) transaction that represents…