New Found Gold finances $205M for Queensway
New Found Gold (TSXV: NFG; US-NYSE-A: NFGC) says it has locked down $205 million in equity and debt financing for its Queensway development in Newfoundland. The mining company structured the…
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Environmental group sues US Interior for approving rare earth mining in Mojave Desert
An environmental advocacy group is suing the Department of the Interior (DOI) over its decision to greenlight a rare earth mining project located within the Mojave National Preserve a year…
US Senate vote unlocks huge Antofagasta copper project in Minnesota
The United States Senate narrowly voted to overturn a longstanding mining ban on public lands in northern Minnesota, a move that could revive development of one of the country’s largest…
Mangrove opens Delta refinery to close lithium gap
Privately held Mangrove Lithium on Thursday opened North America’s first commercial electrochemical lithium refinery, adding a missing piece to Canada’s battery supply chain. The facility in Delta, about 30 km…
Juno wins discovery award for Big Thunder
Private Ontario explorer Juno Corp. has won the Bernie Schnieders Discovery of the Year Award from the Northwestern Ontario Prospectors Association (NWOPA) for its Big Thunder gold discoveries in the…
La Mancha’s $50M Greenheart Gold deal deepens Guiana Shield exposure
La Mancha Resource Capital is building its position in the Guiana Shield after investing C$50 million ($37 million) to become the largest single shareholder in Suriname-focused Greenheart Gold (TSXV: GHRT; US-OTC:…
Gold price nears month high as Iran reopens Strait of Hormuz, easing inflation concerns
Gold jumped to its highest in nearly a month after Iran reopened the Strait of Hormuz for commercial traffic, alleviating investor concerns of a prolonged war and further pressure on…
USA Rare Earth produces first commercial-grade yttrium
USA Rare Earth (Nasdaq: USAR) produced yttrium commercially for the first time, another step in the miner’s efforts to create a rare earth value chain capable of serving Western markets….
Chinalco bets $1.7B on Peru mine turnaround
Aluminum Corp. of China (Chinalco) is investing about $1.7 billion to overhaul its Toromocho mine in Peru, adding molybdenum output to drive a long-awaited turnaround. The upgrade at the site…
BC exploration spending sets record on copper appetite
Exploration spending in British Columbia set a new record last year as junior miners turned on the tap amid sustained appetite for copper projects. Exploration and evaluation expenditures in the…
‘Myopic’ World Bank must shift to critical minerals from climate change, Bessent says
The U.S. government is pressing the world’s top development lenders to pivot towards funding critical minerals projects in an effort to bolster a supply chain that’s dominated by China. Speaking…
Blue Moon outlines 1% copper mine in Norway
Blue Moon Metals (TSXV: MOON; Nasdaq: BMM) says a newly feasibility study for its Nussir copper project in northern Norway has confirmed what it calls a “long-life asset with strong…