Does mining need saving?
Some issues of The Northern Miner are more fun to put together than others. Our March 2024 edition, unfortunately, offers a sobering read. It’s filled with news of shuttered mines…
Financing
Nasdaq newbie Critical Metals plans EU’s first battery-grade lithium mine in Austria
The chairman of Critical Metals (NASDAQ: CRML) says he’s unfazed by a plunging debut this week on the Nasdaq exchange and depressed commodity prices as the company advances what could…
BHP’s tech-inspired startup program closes in on first deals with tiny explorers
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is using its giant heft to jumpstart small exploration companies with new ideas on how to find energy transition minerals. The company’s BHP…
Feds must force pensions to fund Canadian mining, Lassonde, Giustra say
Ottawa has to pressure pension funds to invest billions in Canadian mining, a radical change from their almost non-existent stakes, if the industry is ever going to produce enough metals…
Montage Gold gains on Lundin-backed financing
Montage Gold (TSXV: MAU; US-OTC: MAUTF) hired a new CEO and nearly doubled a Lundin Group-backed stock offering to fund the US$712 million Koné gold project in Côte d’Ivoire. Toronto-based…
First Quantum inks US$500M offtake amid Panama turmoil
First Quantum Minerals (TSX: FM) says it’s landed a US$500-million offtake agreement with its largest shareholder, China’s Jiangxi Copper, to help shore up finances shredded by its Cobre Panama mine…
Vizsla Silver to raise $30M for Panuco exploration, shares down
Vizsla Silver (TSXV: VZLA; NYSE: VZLA) is raising $30 million for exploration at its Panuco silver-gold project, located in southern Sinaloa, Mexico. The company has budgeted over 65,000 metres of…
Rio Tinto OKs US$6.2B Simandou iron mine
“The board yesterday approved the largest mining project in the world,” CEO Stausholm told Financial Times.
Metals Acquisition IPO Down Under goes over forecast
Metals Acquisition (NYSE: MTAL.U) has raised A$325 million ($285 million) through a new listing in Australia that will help pay for the billion-dollar purchase of the CSA copper mine there. The…
Capstone raises $431M to advance Chilean copper projects
Capstone Copper (TSX: CS; ASX: CSC) and major shareholder Orion Resource Partners, have closed a $431-million bought deal to support the copper miner’s near-term growth initiatives in Chile. Under the…
SQM looks to nurture lithium tech startups with accelerator program
Chile’s SQM (NYSE: SQM), the world’s second largest lithium producer, is calling startups with innovative solutions in the fields of water usage, lithium and electromobility to join the third round of…
Cash crunch has junior miners feeling ‘despondent’
According to Mining Intelligence data, mining financings tumbled by around 13% last year, after falling a precipitous 45% the previous year. Numbers from the Prospectors and Developers Association aren’t in…