MinRes founder Ellison forced out amid governance scandal
Chris Ellison will leave within 18 months as the board found he used company resources for his personal benefit and evaded taxes.
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Ecuador to reopen mining register for first time in over six years
Ecuador’s mining sector is following closely President Daniel Noboa’s recent decision to reopen and update the country’s mining cadaster within six months. The executive decree, signed last week, mandates the…
Blue Moon appoints ex-Adventus CEO with M&A record after board shakeup
Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF), a small developer that’s seen a shareholder battle over dilutive capital raisings, has chosen former Adventus Mining CEO Christian Kargl-Simard as its new head. The…
Aussie Syrah secures US$150M Washington loan for Mozambique graphite operation
Syrah Resources (ASX: SYR) has been given a US$150 million loan by the United States International Development Finance Corporation to support the development of its graphite operation in Mozambique. In…
Excellon plans return to silver mining next year with Mallay mine deal in Peru
Excellon Resources (TSX: EXN; NYSE: EXN) has announced a deal to buy the past-producing Mallay silver mine in Peru, bringing the company back into silver production by mid-2025. The transaction…
‘We’ve moved on,’ BHP says of failed Anglo bid, before walking back comments
BHP’s (ASX: BHP) leadership gave its clearest indication yet that it won’t make another bid for smaller rival Anglo American (LSE: AAL), but later walked back some comments about “moving…
Kodiak Copper defers MPD resource in BC to show ‘full potential,’ chairman says
Kodiak Copper (TSX-V: KDK, OTCQB: KDKCF) is delaying the release of an initial resource for its MPD copper-gold project in British Columbia until it achieves a “significant outcome,” chairman Chris…
MinRes cuts jobs, costs amid CEO probe
Australia’s Mineral Resources (ASX: MIN), which is at the centre of a tax evasion probe involving its founder and CEO Chris Ellison, is cutting 570 jobs and slowing underground construction…
Arizona Metals finds new copper-gold zone at Kay site
Arizona Metals (TSX: AMC; US-OTC: AZMCF) has discovered a new lens of mineralization in its Kay deposit on the namesake copper-gold project, outside the known deposit’s edge, the company reported…
New Found Gold makes new, high grade discovery at Queensway
New Found Gold (TSXV: NFG; NYSE-A: NFGC) has made a new discovery between the Golden Joint and Dome targets at depth in what it calls the Golden Dome at its…
American Salars acquires lithium project in Quebec
Vancouver-based junior American Salars (CSE: USLI; US-OTC: USLIF) is acquiring the Lac Simard South lithium project in Quebec, close to Sayona Mining’s (ASX: SVA) lithium projects. It’s granting Quartier Mineral…
Ivanhoe cuts copper forecast on DRC power woes, while Friedland touts new discoveries
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) on Wednesday reported record third-quarter copper production but cut its full-year guidance by 6%, blaming power outages at its Kamoa-Kakula complex in the Democratic…