Foran assays extend copper zone at McIlvenna Bay
Foran Mining (TSX: FOM; OTCQ-X: FMCXF) cut a highlight result of 21.3 metres grading 1.55% copper at its McIlvenna Bay project in east-central Saskatchewan. Hole BZ-25-02 also intersected 0.69% zinc,…
Stock Markets/Investing
Citi sees gold price falling below $3,000 as rally fades
Citigroup Inc. expects gold prices to decline below $3,000 an oz. in the coming quarters, forecasting a cooldown after this year’s record-setting run. The bank cites weakening investment demand, improving…
Augusta offered $50M loan to build Nevada gold mine
Augusta Gold (TSX: G; US-OTC: AUGG) has received a letter from the Export-Import Bank of the United States (EXIM) expressing its interest in providing up to $50 million for the…
Vale gets initial license for Bacaba copper project
Vale (NYSE: VALE) says authorities have granted a preliminary environmental licence for its Bacaba copper project in Brazil. The miner expects to invest about $290 million (C$393 million) during the…
Sprott to buy $200M of uranium for special fund
Asset manager Sprott (TSX, NYSE: SII) said it plans to buy about US$200.1 million ($270 million) worth of physical uranium for its dedicated fund after raising twice as much money…
Barrick to appeal Mali court’s administrator
Barrick Mining (TSX: ABX; NYSE: B) plans to appeal a Malian court decision appointing Soumana Makadji, a former health minister, as the provisional administrator of its Loulo-Gounkoto operation for six…
Critical Metals in line for $120M US loan for Greenland rare earth project
Critical Metals (Nasdaq: CRML) says it’s been tapped for a U.S. government loan worth up to $120 million to fund the company’s Tanbreez rare earth project in southern Greenland, The…
Sea floor developer TMC lands $85M from Korea Zinc
Canada’s The Metals Company (Nasdaq: TMC) said on Monday that South Korean refiner Korea Zinc will invest $85.2 million (C$116 million) in the company, a major boost for its plans…
MinRes, Ganfeng pump cash into lithium JV
Australia’s Mineral Resources (ASX: MIN) is expected to inject A$150 million (US$98 million) into its troubled Mount Marion lithium operation as it battles a prolonged slump the battery metal’s prices….
Dundee Precious Metals to buy Adriatic in $1.25B deal
Canada’s Dundee Precious Metals (TSX: DPM) is acquiring UK-based Adriatic Metals (LSE: ADT1) in a cash-and-stock deal worth $1.25 billion (C$1.7 billion), marking the latest in a wave of foreign…
Novagold sees Donlin feasibility study by end ’27: CEO
Novagold Resources (TSX: NG) is pressing ahead with an updated feasibility study for its Donlin Gold project in Alaska now that Barrick Mining (TSX: ABX; NYSE: B) is no longer…
Osisko Metals intersects 2% copper at Gaspé project
Drilling at Osisko Metals’ (TSX: OM) flagship Gaspé project in eastern Quebec returned results as high as 25.6 metres grading 2.19% copper, the company said. That result, in hole 30-1070 from…