Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
cobalt
Billionaire Robert Friedland urges Canada to protect Teck from ‘foreign predators’
He warned Canada should not take lightly Glencore’s attempted takeover of Teck, which has a track record of supporting local juniors.
The latest on the Teck saga: Top shareholder backs Glencore takeover
Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) top shareholder, China Investment Corp (CIC), said on Friday it plans to back Glencore‘s (LSE: GLEN) proposed takeover of Canada’s largest diversified miner….
The deep sea mining debate is ‘gone’ — it’s happening, says The Metals Company CEO
Despite opposition from environmental groups, the CEO of The Metals Company (TMC) — which has exclusive access to the Nori Clarion-Clipperton Zone (CCZ) polymetallic project ranked as the world’s biggest undeveloped…
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…
Glencore ups stake in Polymet to 82% through US$195M rights offering
PolyMet Mining (TSX: POM) says it has completed one of the largest rights offering on the market. Under the offering, PolyMet shareholders had the right to acquire roughly 0.91 of…
Palladium One surges as Glencore invests in critical minerals explorer
Global miner and commodity trader Glencore’s (LSE: GLEN) 10% investment in Palladium One Mining (TSXV: PDM; US-OTC: NKORF), which is developing nickel-copper projects in Ontario and Finland, has boosted the…
Jervois suspends Idaho mine on largest U.S. cobalt deposit amid low metal price, inflation
Jervois Global (TSXV: JRV; ASX: JRV) is delaying final construction of its Idaho project on the largest cobalt resource in the United States because of inflation and low commodity prices…
Latitude 66 confirms another cobalt-gold discovery in Finland
Latitude 66 Cobalt, a private, Finnish company, has reported excellent drilling results from its projects in the Kuusamo schist belt, which it believes provides “further optionality” for its proposed cobalt…
EU adds copper, nickel and manganese to list of critical materials
The European Union has published its Critical Raw Materials Act and added copper, nickel and manganese to its list of critical materials. The CRMA, unveiled by the Brussels-based European Commission…
Electra Battery upgrades Iron Creek cobalt-copper resource, paving the way for PEA
Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) has provided an updated mineral resource estimate for its Iron Creek cobalt-copper project located in Idaho, paving the way for additional exploration activities…
PDAC: Canada eyes US-style project funding while market may replace Chinese cash
Canada is considering how to match funding opportunities by the United States for critical mineral projects while balancing national security with the need for Chinese investment, Natural Resources Minister Jonathan…