Petra cuts latest sign of a down diamonds market
Petra Diamonds (LSE: PDL) has revised its guidance for the next two fiscal years and appointed a new finance leader as part of its plans to lower expenses and debt…
Stock Markets/Investing
Victoria Gold must rapidly secure landslide site: expert
Victoria Gold (TSXV: GCX) must quickly stabilize its Eagle gold mine site to prevent another landslide and a spill to neighbouring property, a landslide expert says. The company suspended operations and…
Sitka buys Victoria Gold’s abutting Clear Creek in Yukon
Sitka Gold (TSXV: SIG) (OTCQB: SITKF) is expanding in the Yukon by acquiring the adjoining Clear Creek property from Victoria Gold (TSX: VGCX) in a cash and shares deal valued…
Friedland, McEwen back Power Nickel’s oversubscribed $20M funding
Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent $20 million “oversubscribed” financing round backed by billionaire investor Robert Friedland and mining veteran Rob McEwen. The Toronto-based junior said…
US lithium clay projects secure backing despite extraction hurdles
The United States’ great hope for domestic lithium supply could lie in the massive-scale, long-life sediment-hosted deposits in its southwestern region. And even with tricky metallurgy to overcome and higher…
Azimut cuts high-grade lithium near Winsome’s Adina
New drill results from Azimut Resources (TSXV: AZM) confirm a wide and high-grade lithium zone on the Galinée property in the James Bay region of Quebec, likely the southern extension…
Nevada Copper on the auction block after filing for bankruptcy
Vancouver-based Nevada Copper (TSX: NCU) has started a sales process as a part of a restructuring announced this week, which included filing for bankruptcy and halting its Pumpkin Hollow copper…
Ivanhoe Electric refutes Ma’aden share sale claims
Ivanhoe Electric (NYSE-AM, TSX: IE) addressed on Thursday what it said are misleading media headlines claiming that its joint venture partner, Saudi Arabian miner Ma’aden, planned to sell its shares…
Nevada Copper files for bankruptcy, names new boss
Cash-strapped miner Nevada Copper (TSX: NCU) has filed for bankruptcy protection under Chapter 11, kicking off a restructuring process that will halt its Pumpkin Hollow mine. President and chief executive,…
Fireweed Metals nets $41.7M Lundin-backed financing for Yukon crit-mins exploration
Fireweed Metals (TSXV: FWZ) has boosted a private placement to $41.7 million to fund this year’s exploration in the Macpass critical minerals district of Yukon. The share offering supported by…
SolGold inks contract for Ecuador’s biggest project
SolGold (LSE, TSX: SOLG) signed a decades-long deal with the Ecuadorian government for the country’s largest-ever mining project, the US$3.2 billion Cascabel copper-gold mine. The shares gained a penny to…
Nevada Copper plunges as financing stalls
Nevada Copper (TSX: NCU; US-OTC: NEVDF) “significantly scaled down operations” at its Pumpkin Hollow mine after it failed to secure funding and two board members from its leading investor resigned. …