IGO stands by incoming CEO after Rio Tinto sacks him
Australia’s lithium and nickel producer IGO (ASX: IGO) is standing by its incoming chief executive officer, Ivan Vella, after Rio Tinto (ASX:RIO) sacked on Wednesday its former aluminum boss for…
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Monarch Mining under creditor protection in last-ditch effort to avoid bankruptcy
Struggling Canadian gold miner Monarch Mining (TSX: GBAR; US-OTC: GBARF) has been placed under the protection of the Companies’ Creditors Arrangement Act (CCAA), with PricewaterhouseCoopers appointed as the monitor to…
Sigma Lithium shares jump as it posts first quarterly profit
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) reported on Wednesday its first profitable quarter since starting production at its Grota do Cirilo mine in Minas Gerais, Brazil, in April this year….
Skeena feasibility delivers longer mine life, bigger capex for Eskay Creek
Skeena Resources (TSX: SKE; NYSE: SKE) has released highlights of a definitive feasibility study for its Eskay Creek gold-silver project in northwest British Columbia that paints a picture of a…
Atlantic Lithium shuns takeover by major African shareholder
Atlantic Lithium (AIM: ALL, ASX: A11, US-OTC: ALLIF) is once again turning down a proposed takeover by 24.5% shareholder Assore International Holdings, which has offered to acquire the remainder of…
Iamgold moves to buy rest of royalty company Euro Ressources
Iamgold (TSX: IMG; NYSE: IAG) plans to pay about US$23 million for the shares it doesn’t already owns in French precious metals royalties company Euro Ressources. The draft offer, filed…
American Lithium eyes Peru production as court rules in its favour
American Lithium (TSXV: LI; NASDAQ: AMLI) said on Wednesday that Peru’s top court had confirmed its local subsidiary’s ownership of 32 out of 172 disputed concessions. The ruling, consistent with…
Podcast: ‘Green transition in its current form is not feasible’, ft GTK Professor Simon Michaux
This week’s episode showcases an insightful discussion between the Geological Survey of Finland’s associate professor Simon Michaux and host Adrian Pocobelli about the challenges and solutions in the green energy…
Osisko Mining, O3 Mining among PDAC’s major award winners
The Prospectors and Developers Association of Canada (PDAC) has announced that five outstanding groups will be presented with awards at its next convention, March 3-6, 2024, in Toronto. Since 1977,…
Britain’s leading geothermal power developer to produce lithium
Britain’s leading geothermal power developer is raising £600 million (US$737 million) to produce low-carbon lithium. Geothermal Engineering Ltd. plans to produce about 12,000 tonnes per year of lithium carbonate equivalent…
Horizonte Minerals stock plummets over funding uncertainty for Brazil nickel project
Horizonte Minerals (TSX: HZM; AIM: HZM) has paused most construction activities at its Araguaia nickel project in Brazil as its cash resources dwindle and the company continues to seek new…
Teck sells coal assets to Glencore, steelmakers for US$8.9B to focus on copper
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14. Under the deal, which still must…