BHP invests in Gates and Friedland-backed firm I-ROX SAS
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has joined billionaire Robert Friedland’s I-Pulse Inc. and Breakthrough Energy Ventures, a clean-tech venture backed by Bill Gates and Jeff Bezos, to speed…
Financing
Mexico to start producing lithium batteries in late 2023, as US, Asia invest
Mexico, which nationalized lithium resources in April, plans to start producing lithium batteries in late 2023 as it has secured foreign investment and the backing of the United States, its…
U.S. military to assess Canada critical minerals projects for funding, but none approved yet
Canadian battery mineral miners and explorers are sniffing around hundreds of millions of dollars in potential funding from the United States military, but there are no firm deals yet to…
Aya secures US$100M financing for Zgounder mine expansion, shares rise
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has secured a US$100 million debt financing package to support the expansion of its Zgounder silver project in Morocco. The financing package comprises…
Frontier Lithium raising $20M to fund PAK exploration
Frontier Lithium (TSXV: FL; US-OTC: LITOF) is raising $20 million with which to continue exploration of the PAK lithium project in northwestern Ontario — one of the largest and highest…
Lion One closes $13.4M bought deal to fund Tuvatu gold project
Lion One Metals (TSXV: LIO; US-OTC: LOMLF) has closed its previously announced bought deal financing to raise gross proceeds of approximately $13.4 million. A total of 17.4 million units priced…
New Found Gold to raise $130M for Queensway, Lucky Strike
New Found Gold (TSXV: NFG; NYSEA: NFGC) announced plans last week to launch an at-the-market equity offering to raise up to $130 million for exploration at two, wholly owned gold…
Rock Tech Lithium closes $40M financing
Rock Tech Lithium (TSXV: RCK; OTC: RCKTF) has closed its previously announced marketed offering, issuing approximately 11.5 million units of the company priced at $3.50 per unit for aggregate gross…
Argonaut Gold doubles share count with $195M equity raise for Magino
Argonaut Gold (TSX: AR) has closed an offering of 434 million common shares at 45¢ apiece for gross proceeds of $195.3 million, part of an effort to finance construction of…
Cornish Lithium secures further US$11M for UK project
Cornish Lithium, the start-up hoping to lead the development of an industry for the battery metal in the U.K., has secured another £9 million (US$11 million) from metals-focused investment company TechMet to help fast-track…
Anglo American takes on an industry-first sustainability-linked loan
Anglo American (LSE: AAL) has agreed to a US$100 million, 10-year loan from the International Finance Corporation in what is understood to be the mining industry’s first known sustainability-linked financing…
Mining Indaba: The US touts green energy as the key to bridging Africa’s growth gap
The United States government’s initiatives to help address Africa’s power and growth gaps are increasingly hinging on boosting the continent’s ability to produce green energy and facilitate foreign investment, the…