McEwen says San José cash generation tops target
McEwen Mining (NYSE, TSX: MUX) says the San José mine in Argentina has already generated more cash than expected this year, allowing the company to fund its growth plans without…
Financing
Agnico greenlights $2.4B Nunavut gold mine
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said it will proceed with construction of the $2.4-billion (C$3.3-billion) Hope Bay underground mine in Nunavut with a goal of starting operations in…
Lithium Americas sees $100M Thacker Pass cost hike from tariffs, Iran war
Lithium Americas (TSX, NYSE: LAC) is estimating that U.S. steel tariffs and the Iran war will add $80 million to $120 million to this year’s construction expense for the Thacker…
Nouveau Monde to build G7’s biggest graphite mine
Nouveau Monde Graphite (TSX: NOU; NYSE: NMG) is going ahead with the construction of its Matawinie mine in Quebec, a crucial step in the company’s bid to become a North…
Milei OKs Lithium Argentina’s $1.24B growth under RIGI
A $1.24-billion (C$1.7 billion) expansion of Lithium Argentina’s (TSX, NYSE: LAR) Cauchari-Olaroz mine is one of two mining projects approved by Buenos Aires under the country’s large investment incentives program….
Government funding now a plus not a burden, miners say
In the West’s efforts to catch up with China’s lead in critical minerals development, more companies are warming to government financing than in previous years when governments were regarded as…
Elevra inks $437M financing for Quebec lithium
Australia’s Elevra Lithium (ASX: ELV; Nasdaq: ELVR) unveiled a A$441-million ($437-million) funding package to help expand its North American Lithium (NAL) operation in Quebec and advance pre-development work at the…
BC miners wary of First Nation court rulings
British Columbia’s mining industry says the province is gaining momentum on major projects, but warned that regulatory uncertainty linked to Indigenous rights court rulings and rising costs could jeopardize future…
Honda drops $15B Ont. EV plant: reports
Honda is indefinitely shelving its planned $15-billion (US$11-billion) electric-vehicle and battery complex in Ontario, a setback for Canada’s ambitions to build a domestic EV supply chain as demand cools and…
Trafigura in talks to build aluminum smelter in Egypt
Commodity trading giant Trafigura says it’s begun talks with the Egyptian Aluminium Company (Egyptalum) and the Metallurgical Industries Holding Company (MIH) to build a new aluminum smelter in Egypt. The…
GBM taps Iamgold CEO in plan to open Kearney graphite mine in Ontario
Privately held Global Battery Materials (GBM) is aiming to restart Ontario’s mothballed Kearney graphite mine in less than two years to tap an expected surge in demand for the mineral amid growing calls for domestic production. Kearney, which…
Ottawa’s $6B skills push pits miners vs builders
Ottawa’s $6-billion (US$4.4-billion) push into skilled trades aims to ease a looming labour crunch, but it’s uncertain how much of the spending will reach mining – an industry already scrambling…