FireFly glows on Newfoundland copper project resource
FireFly Metals (ASX: FFM) expanded its Green Bay copper-gold project’s contained metal by 42% in an update this week, putting it on course to restart the Ming mine in 2028 at…
Financing
Private equity deals in mining tumble by half in 2024 – S&P
Private equity and venture capital transactions in the global metals and mining industry dropped sharply this year after reaching a five-year record last year, S&P Global Market Intelligence says. Total…
Global Atomic expects US$295M loan for Dasa in Q1
The loan would cover 60% of the uranium project’s projected costs.
Electra Battery lands US$5M for cobalt refinery early works
Electra Battery Materials (NASDAQ: ELBM; TSXV: ELBM) has secured a US$5-million financing from its existing lenders that would allow it to start certain early works and winter preparations at its…
Li-FT secures mystery lithium investor
Li-FT Power (TSXV: LIFT; US-OTC: LIFFF), which claims to have Canada’s third-largest maiden hard rock lithium resource, said this week that an unnamed investor is buying 9.99% of the company…
Arkansas lithium projects heat up with royalty battle, huge underground resource
As Arkansas contends with booming lithium discoveries and investments by ExxonMobil (NYSE: XOM), Albemarle (NYSE: ALB) and Standard Lithium (TSXV: SLI) among others, the state faces a battle over the amount of…
Montage lands US$825M for new West Africa gold mine
Montage Gold (TSXV: MAU; US-OTC: MAUTF) has secured a financing package worth US$825 million to fund the construction of its flagship Koné project in Côte d’Ivoire. Shares gained 11.7%. The…
Kinross takes stake in Puma Exploration, sending stock up 50%
Kinross Gold (TSX: K, NYSE: KGC) has expanded its exploration footprint in Canada by investing in New Brunswick-focused junior Puma Exploration (TSXV: PUMA) and its properties near the province’s Bathurst…
Serra Verde makes global list of critical projects, banks US$150M investment
Brazil-focused Serra Verde Group has gained a US$150 million investment and earned a spot on the Minerals Security Partnership’s (MSP) global list of projects considered crucial to the global energy…
Guanajuato Silver earns $3M Sprott investment backing
Guanajuato Silver Company (TSXV: GSVR) announced on Tuesday that it has arranged a private placement of about 33.3 million units priced at 24¢ each for proceeds of $8 million. Anchoring…
Ascot soars on $40M Premier gold restart plan in BC
Ascot Resources (TSX: AOT; US-OTC: AOTVF) said on Monday it plans to raise at least $40 million to get its Premier gold project in British Columbia’s Golden Triangle back on…
West Red Lake raises $73M for Madsen mine restart
West Red Lake Gold Mines (TSXV: WRLG) is set to raise about $73 million to help fund the proposed restart of its Madsen mine in Ontario, which it says remains…