Marimaca Copper raises A$80M
Marimaca Copper (TSX: MARI; ASX: MC2) has secured approximately A$80 million (C$72 million) in funding commitment from investors outside of Canada for its projects in Chile’s Antofagasta region. Under the…
Financing
Rio to buy carbon credits with Caisse backing
Canada’s second-largest pension fund and Australia’s Clean Energy Finance Corp. (CEFC) are investing in a carbon credits platform helping Rio Tinto (NYSE, LSE, ASX: RIO) cut its emissions footprint. La…
Anglo sells rest of Amplats
Anglo American (LSE: AAL) sold its final stake in Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), as part of restructuring it began last year. The deal for the…
Freeport doubles down on Amarc’s JOY project
Freeport-McMoRan (NYSE: FCX) is injecting another $75 million (US$54 million) into Amarc Resources’ (TSX-V: AHR) JOY copper project in British Columbia, moving into stage two of an earn-in agreement signed…
Vale to spend $12.2B in Brazil as Capanema reopens
Vale (NYSE: VALE) has officially reopened the Capanema iron ore mine in Brazil after a 22-year halt as part of a 67-billion real (US$12.2-billion) investment strategy through 2030. The reactivated…
Freeport CEO urges US aid to grow copper
United States mining giant Freeport-McMoRan (NYSE: FCX) is calling on the Trump administration to sweeten incentives for domestic copper producers and cut permitting times to help offset weak metal grades,…
Fury Gold’s Eau Claire study posits 41% return
Fury Gold Mines’ (TSX, NYSE-A: FURY) first economic study of its Eau Claire gold deposit in Quebec shows strong returns across three development concepts. The base case using a gold…
Aris Mining rises on Soto Norte study
Aris Mining (TSX: ARIS; NYSE-A: ARMN) has released a prefeasibility study for its Soto Norte gold project in Colombia, outlining the characteristics of both a profitable and environmentally friendly mine…
Ukraine issues tender for major lithium deposit
Ukraine is welcoming bids to develop a major lithium deposit in its central Kirovohrad region as part of a minerals deal with the United States, even as a legal dispute…
Aclara nets $5M US funds for Brazil rare earths
Aclara Resources (TSX: ARA) has received financial backing from the U.S. government for one of its two rare earth assets in the Americas, the latest example of Western nations attempting…
Newmont plans sweeping job cuts: Bloomberg
Newmont (TSX: NGT; NYSE: NEM) is preparing a major cost-reduction plan that could lead to thousands of job losses, Bloomberg reported on Wednesday, citing people familiar with the matter. The…
Northern Graphite taps fed funds for Quebec mine
Northern Graphite (TSXV: NGC; US-OTC: NGPHF) has been given a lifeline to extend operations at its main Lac des Îles mine in Quebec, the only graphite producer in North America,…