Troilus signs LOI for US$500M German loan guarantee for Quebec copper-gold project
The loan is contingent upon Troilus signing an off-take agreement with Aurubis.
Financing
Suitors circle American Eagle Gold as South32 takes 19.9% stake
South32 (ASX: S32) is shelling out $29.2 million for a 19.9% interest in American Eagle Gold (TSXV: AE), which is in the third year of drilling at its NAK copper-gold discovery in…
Ascot seeks TSX exemption for $52M financing to revive Premier
Ascot Resources (TSX: AOT; US-OTC: AOTVF) said on Monday it’s applied to the Toronto Stock Exchange for a financial hardship exemption with respect to its recently proposed financing for its Premier…
Uranium Energy’s Roughrider project in Saskatchewan valued near $1B after $150M buy
Uranium Energy‘s (NYSE-A: UEC) Roughrider project in northern Saskatchewan aims to be a high-margin producer with one of the lowest capital spending profiles in Canada, according to an initial economic…
Federal watchdog snaps at climate, Indigenous gaps in Ottawa’s critical minerals strategy
Canada’s auditor general criticized the federal critical minerals strategy for not adequately probing the impact increased mining will have on the environment and Indigenous communities. The government program issued in…
Gold falls after sweeping Trump win boosts dollar
Gold prices fell 2% overnight after Donald Trump won the United States presidency in an election victory that swept across the nation with more support than his 2016 win. Bullion…
St Barbara raising A$110M to fast-track Simberi sulphide production
Australian gold miner St Barbara (ASX: SBM) is raising up to A$110 million at a discounted share price to fast-track the expansion of its Simberi operation in Papua New Guinea…
US Strategic Metals gets US$100M government loan for Missouri cobalt project
US Strategic Metals said Tuesday that its US$100.8 million loan application has been granted expedited approval by the United States Citizenship and Immigration Services in recognition of the potential job…
Anglo American sells Australian coal JV stake for $1.5B
Anglo American (LSE: AAL) has agreed to sell its minority stake in an Australian coal mining joint venture for A$1.6 billion ($1.5 billion), marking a significant step in its strategy…
Inomin, Sumitomo team up on BC nickel project
Inomin Mines (TSXV: MINE) is partnering with Japan’s Sumitomo Metal Mining to advance the Beaver-Lynx project into what it says could be a major nickel source in British Columbia’s gold-mining…
Blue Moon appoints ex-Adventus CEO with M&A record after board shakeup
Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF), a small developer that’s seen a shareholder battle over dilutive capital raisings, has chosen former Adventus Mining CEO Christian Kargl-Simard as its new head. The…
Aussie Syrah secures US$150M Washington loan for Mozambique graphite operation
Syrah Resources (ASX: SYR) has been given a US$150 million loan by the United States International Development Finance Corporation to support the development of its graphite operation in Mozambique. In…