U.S. export bank signals $200M for Pumpkin Hollow
Letter of interest outlines $180m in potential funding to complete the fully financed restart of the underground copper mine in Nevada, and $20 million to advance technical work.
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Prairie Lithium starts building Saskatchewan DLE facility
Australia’s Prairie Lithium (ASX: PL9) has kicked off construction in Saskatchewan of what it says would be the largest direct lithium extraction (DLE) facility in North America. Prairie’s facility would…
Freegold drills strong wide intercepts in Alaska
Freegold Ventures (TSX: FVL; US-OTC: FGOVF) has reported further drilling success from its Golden Summit project in Alaska where it’s defining a starter pit in the lead up to a…
Canadian federal budget promises billions for mining
Canada’s Liberal government plans to form a $2-billion sovereign fund for critical minerals, earmark hundreds of millions in mining industry spending and widen exploration tax credits to a dozen other…
Aya values Boumadine in Morocco at $3B with spot gold
Canada’s Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) said a preliminary economic assessment (PEA) for its Boumadine polymetallic project in Morocco shows the company would need barely a year…
Bottlenecks slow US copper supply ambitions
The United States’ effort to build a secure domestic supply of copper is running headlong into environmental review and legal disputes – illustrating the tension between energy transition goals and…
US backs RE magnets with $1.3B for Vulcan, ReElement
Rare earth magnet producer Vulcan Elements has struck a partnership with the U.S. government and ReElement Technologies to expand United States rare earth magnet production. Vulcan is to receive a…
Critical Metals gets enviro OK for Tanbreez rare earths project in Greenland
U.S.-based rare earth developer Critical Metals (Nasdaq: CRML) has moved another step closer to the start of mining at its Tanbreez project in southern Greenland after securing key environmental approvals…
Codelco grows copper output despite mine collapse
Chile’s state-owned copper giant Codelco, the world’s largest producer of the metal, expects 2025 and 2026 production to slightly surpass last year’s output, signalling resilience in the face of a…
Energy Fuels may beat 2025 uranium forecast
Energy Fuels (NYSE-A: UUUU; TSX: EFR) is poised to exceed this year’s guidance for uranium mine production and meet its estimate for processed uranium products, the company said while releasing…
Coeur Mining buys New Gold for $7B
Coeur Mining (NYSE: CDE) is acquiring Canada’s New Gold (TSX: NGD) in an all-stock deal valued at about $7 billion, creating a new North American mining heavyweight amid record gold…
Freeport expands BC’s AuRORA with near-surface grades
Freeport-McMoRan (NYSE: FCX) has extended the AuRORA copper-gold-silver discovery made by partner Amarc Resources (TSXV: AHR; OTCQB: AXREF) in British Columbia. A batch of long, near-surface intercepts released on Monday…