Manganese X secures $2M investment from Sprott
Manganese X Energy (TSXV: MN) has secured a $2-million investment from Canadian mining billionaire Eric Sprott to support its Battery Hill project in New Brunswick. Shares of the manganese developer…
Financing
London Symposium JV Video: Osisko Metals adds Burzynski, $100M copper project funding
Osisko Metals (TSXV: OM; US-OTC: OMZNE) is progressing its Gaspé copper project in Quebec with $100 million in new financing and a board now featuring industry heavyweight John Burzynski. The new…
Why artisanal miners need a digital investment market
A group of financial and industry backers for artisanal mining (ASM) plans to set up a digital marketplace where this vast informal sector can find support and funding online. ASM…
Skeena’s Eskay Creek bulk sample permit unlocks US$200M in gold project funding
Skeena Resources (TSX: SKE; NYSE: SKE) can proceed with a 10,000-tonne bulk sample and infrastructure construction at its Eskay Creek gold project in northwestern British Columbia under a new permit that…
Rio Tinto to invest $2.5B to expand Rincon lithium project in Argentina
Rincon is the company’s first commercial-scale lithium operation.
Economics, not regulation, the main reason behind delay in BC’s mines, study shows
Contrary to popular perception, stringent regulation may not be the biggest factor behind the delay of mining projects in British Columbia, according to a new study published in the Royal…
Copper price jumps on China policy pivot, but market has seen it before
Copper jumped on Monday, rising by more than 2% overnight to a four-week high of US$4.30 per lb. (US$9,470 per tonne) on the CME in Chicago, after China’s politburo signalled…
Centerra backs Dryden Gold with $3.4M for 9.9% stake
Ontario-focused Dryden Gold (TSXV: DRY; USOTC: DRYGF) received a boost on Tuesday after it said Centerra Gold (TSX: CG; NYSE: CGAU) will be taking up a 9.9% equity stake in…
Germany to backstop Savannah’s spodumene lithium project in Portugal
Germany’s export credit agency Euler Hermes has signed a non-binding letter of interest for a project finance loan guarantee of up to US$270 million for Savannah Resources (LSE: SAV) to…
Blue Moon acquires two brownfield copper projects in Norway for US$67M
Blue Moon Metals (TSXV: MOON) (OTCQB: BMOOF) says it’s buying two former copper-producing assets in Norway to diversify from its zinc project in California while emphasizing near-term output. The Vancouver-based…
ArcelorMittal blames EU policy gaps for greening delay
ArcelorMittal (NYSE: MT), the world’s second-largest steelmaker, is delaying plans for transitioning to low-carbon steel production, blaming insufficient policy clarity and support from the European Union for its decision. The…
Vedanta to invest US$2B in Saudi copper projects
Vedanta Copper, a subsidiary of India’s Vedanta, has announced plans to invest US$2 billion in copper-processing facilities in Saudi Arabia, a fresh boost to the kingdom’s aspirations to establish itself…