SW US: Anfield wants $50M for Utah mill
Developer Anfield Energy (TSXV, Nasdaq: AEC) will seek to raise at least $50 million (C$69.3 million) in financing over the coming months to refurbish and reopen Utah’s Shootaring Canyon mill –…
Financing
Finland offers Troilus $132M financing option for Quebec gold project
Troilus Mining (TSX: TLG; US-OTC: CHXMF) has opened another route to financing its Quebec gold-copper project after Finland’s export credit agency offered potential support for up to $132 million (C$183…
Sprott lifts Saskatchewan hydrogen stake beyond 24%
Canadian billionaire Eric Sprott put another $6 million (US$4.32 million) into Max Power Mining (CSE: MAXX; US-OTC: MAXXF) by exercising warrants, raising his stake to 24.35% as the company advances its…
Atomic Eagle claws back Niger uranium project
Atomic Eagle (ASX: AEU) has regained control of its Madaouela project in Niger, two years after the government revoked the mining permit of predecessor company GoviEx Uranium amid a dispute…
US preps $1B loan for Ivanhoe’s Santa Cruz copper site
Ivanhoe Electric (NYSE-A, TSX: IE) has inched towards receiving $1.1 billion in debt financing from the U.S. Export-Import Bank (EXIM) to develop its Santa Cruz copper project in Arizona. The bank…
Agnico buys Quebec gold junior stake for $57M
Agnico Eagle Mines (TSX, NYSE: AEM) is investing $57.2 million (US$41.4 million) in Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF) to help revive one of the Abitibi region’s highest grade…
Metals Exploration locks in $27M as La India first gold nears
Metals Exploration (AIM:MTL) has secured $27 million (C$38 million) in equipment financing as its La India gold project in Nicaragua closes in on first production by year-end. The company has…
Central Nevada Gold on mine hunt: CEO
Privately held developer Central Nevada Gold will look at acquiring other precious metals assets in the state after buying the past-producing Mule Canyon mine from Newmont (NYSE, ASX: NEM; TSX:…
Friedland’s forgotten metal wins $400M US backing
After more than two decades, billionaire Robert Friedland’s plans of developing a scandium mine in New South Wales (NSW) look to be finally coming to fruition. Sunrise Energy Metals (ASX:…
Gold Fields puts $77M in Suriname-focused Founders
Gold Fields (NYSE, JSE: GFI), one of the world’s largest gold miners, is investing another $77 million (US$55.7 million) to raise its stake in Suriname explorer Founders Metals (TSXV: FDR;…
US awards $162M to turn mining waste into critical minerals
The United States Department of Energy (DOE) has selected nine projects for $162 million (C$225 million) in potential funding to recover critical minerals from mine waste and industrial feedstocks, part…
YMP Scholarship Fund grows to $300,000
The Young Mining Professional’s Scholarship Fund has increased by a third to $300,000 (US$215,000) from last year as the industry’s leading companies reward strong students in mining disciplines across Canada….