Confusion and consternation on critical minerals
What started out as optimism two years ago when the federal government turned its eye to critical minerals, introducing a strategy, incentives and funding, and pledging faster permitting for mines,…
Financing
NexGen’s Rook I uranium project costs soar
NexGen Energy (TSX: NXE; NYSE: NXE; ASX: NXG) says inflation and improved engineering have pushed construction costs for its permits-stage Rook I uranium project in Saskatchewan nearly 70% higher than a…
Gold Fields buys into Torq’s copper project in Chile
Gold Fields (NYSE: GFI; JSE: GFI) may invest US$48 million to advance Torq Resources’ (TSXV: TORQ; OTC: TRBMF) early-stage Santa Cecilia copper-gold project in Chile, according to a preliminary joint venture agreement. …
Victoria Gold CEO says company won’t fold, contamination minor
Victoria Gold (TSXV: VGCX) says the danger of major contamination from its Eagle mine in the Yukon has passed and the company is financially solvent for now. CEO and president…
Big Oil seizes lithium opportunities
Mining companies could benefit in cash and technology as major fossil fuel companies such as ExxonMobil (NYSE: XOM), Occidental Petroleum (NYSE: OXY) and Equinor (NYSE: EQNR) invest in lithium, a potential lifeline amid…
Zambian copper goals face challenges despite billions pouring in
Zambia wants to increase copper output to 1 million tonnes by 2027 as billions of dollars in investments flow to the African country and the regional mining belt it’s part…
ACG opts for US$290M copper mine in Turkey after dead US$1B nickel deal
ACG Acquisition (LSE: ACG), founded by a mining executive who helped create aluminum giant Rusal, is taking another stab at green metals after a US$1 billion deal last year failed to…
Ramp surges on Sprott backing for Sask. project
Ramp Metals (TSXV: RAMP) shares gained more than a quarter of their value on Wednesday after gold bug Eric Sprott invested in the Saskatchewan explorer. Sprott is the lead investor in…
Heliostar gains on Mexican mines buy
Heliostar Metals (TSXV: HSTR; US-OTC: HSTXF) is again buying assets from the former Argonaut Gold to expand in Mexico. Its shares rose. Vancouver-based Heliostar is negotiating with lenders for a…
Montage Gold raises $180M from Zijin, Lundin for Koné project in West Africa
China’s Zijin Mining Group and the Lundin family are part of a $180 million capital raising to increase their stakes in Montage Gold (TSXV: MAU; US-OTC: MAUTF) and advance its…
Eldorado funds Brixton Metals’ BC gold quest
Mid-tier producer Eldorado Gold (TSX: ELD) is pledging nearly $6.5 million to advance Brixton Metals‘ (TSXV: BBB; US-OTC: BBBXF) search for the source of river gold that once produced a…
Agnico expands First Nordic stake to 13%
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Canada’s largest miner by market value, is investing $8.2 million to advance First Nordic Metals‘s (TSX-V: FNM) Oijärvi gold project that Agnico used…