Lynas expands non-China supply chain in Vietnam deal
Australia’s Lynas Rare Earths (ASX: LYC; US-OTC: LYSDY) is moving deeper into Asia’s non-Chinese production sector as it advances a deal with South Korea’s LS Eco Energy that includes about…
M&A
Saga Metals acquires titanium property from Rio Tinto
Critical minerals explorer Saga Metals (TSXV: SAGA) has acquired a prospective titanium asset in Quebec from Rio Tinto’s (ASX, LSE, NYSE: RIO) Canadian subsidiary. The Garneau property comprises 120 claims…
Energy Fuels notches first terbium rare earths output
Energy Fuels (NYSE: UUUU; TSX: EFR) has produced its first kilogram of terbium oxide from the White Mesa mill in Utah, marking another step in its domestic heavy rare earths…
SSR Mining sells Çöpler mine stake for $1.5B
SSR Mining (TSX: SSRM; Nasdaq: SSRM) shares rose 6.6% on Wednesday after the Canadian miner agreed to sell its 80% stake in Turkey’s Çöpler mine for $1.5 billion (C$2.07 billion)…
Gold M&A: Zijin unit gains control of rival Chifeng in $2.6B deal
Zijin Gold is acquiring a controlling stake in Chifeng Jilong Gold Mining for 18.3 billion yuan ($2.64 billion), reinforcing its position as China’s largest gold producer. The unit of Zijin…
Myriad sells New Mexico uranium project for 6X return
Myriad Uranium (CSE: M; US-OTC: MYRUF) plans to sell its Red Basin project in New Mexico to a new mining tech venture and partner with it on other uranium exploration…
Congo to OK first mine sale in US deal
The Democratic Republic of Congo (DRC) is reportedly ready to approve the sale of Chemaf to U.S.-based Virtus Minerals, advancing a strategic minerals partnership between Washington and the African nation…
Rio Tinto to delay Quebec lithium plant build
Rio Tinto (ASX, LSE: RIO) plans to slow the construction of its Nemaska lithium processing plant in Quebec due to rising costs, which could see its commissioning delayed, Bloomberg reported….
First Quantum sells Turkish mine for $340M
First Quantum Minerals (TSX: FM) will sell its Çayeli mine in Turkey to a company controlled by Cengiz Holding as the Canadian miner raises additional capital for its priority assets….
Editorial: The new feasibility
All the largest companies are doing it. Why shouldn’t Canada do it, too? The global mining industry has converged on a single idea: copper is the most important strategic metal….
Lynas-Japan deal ‘insulates’ from China rare earth prices
A revised deal between Australia’s Lynas Rare Earths (ASX: LYC; US-OTC: LYSDY) and Japanese customer JARE firms up supplies of heavy rare earths and creates a price floor as a…
Lundin spends $215M to boost Chile footprint
Lundin Mining (TSX: LUN) agreed to pay $215 million (C$292 million) to boost its majority stake in Chile’s Caserones copper mine and acquire a piece of the nearby Los Helados…