Glencore pays US$180M to Congo after admitting corruption
Miner and commodities giant Glencore (LSE: GLEN) said on Monday it will pay the government of the Democratic Republic of the Congo US$180 million to settle all alleged corruption claims…
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Volkswagen kicks off search for battery cell plant sites in Canada
Volkswagen AG has begun searching for a site in Canada to build its first battery cell factory in North America, a part of the German carmaker’s planned expansion of its electric vehicle…
Strategic Metals reports high-grade copper, cobalt and gold mineralization in Yukon
Strategic Metals (TSXV: SMD) has announced high-grade results from its Batt property in southwestern Yukon. Its wholly-owned site covers volcanogenic massive sulphide (VMS) and overprinting epigenetic vein and fracture hosted,…
Murchison shares surge on best results yet from central Quebec nickel project
Shares in Murchison Minerals (TSXV: MUR; US-OTC: MURMF) shot up 50% Tuesday on near-surface, high-grade drill results from its Haut-Plateau de la Manicouagan (HPM) nickel property in Quebec. The explorer…
U.S. military to assess Canada critical minerals projects for funding, but none approved yet
Canadian battery mineral miners and explorers are sniffing around hundreds of millions of dollars in potential funding from the United States military, but there are no firm deals yet to…
Cascading battery metal supply crunch to get serious from 2024, analysts forecast
Increasing consumption will outstrip the mining industry’s ability to ramp up supply, resulting in commodity deficits as early as 2024, a new analysis by S&P Global has found. The report,…
Magna plans drilling at Denison nickel-copper project after ‘considerable’ resource estimate
Magna Mining (TSXV: NICU) says its first resource for its Denison nickel, copper and platinum group metals project in Ontario’s Sudbury basin shows “significant potential.” Magna is exploring the restart…
Spac started by ex-Rusal M&A wiz hunts for green metals giant
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several…
As Ontario joins clean energy talks, federal minister Wilkinson looks to streamline project approvals
Ontario has joined a country-wide consultation process to hammer out energy and mining strategies for transitioning to clean power using critical minerals, Canada’s natural resources minister said on Tuesday. The…
Royalty firm Ecora plans transition to green metals despite lucrative coal contract
Ecora Resources (TSX: ECOR), a mining royalties company, is betting its shift to green-economy investing in projects by giants such as Vale (NYSE: VALE) and Rio Tinto (NYSE: RIO; LSE:…
Stillwater Critical enjoys ‘sweet spot’ in Montana’s Lower Stillwater PGMs Complex
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is “rewriting the book” on the Lower Stillwater Igneous Complex in Montana, says president and CEO, Michael Rowley. The company’s evaluation of the…
Sherritt to recoup $362M of debt from Cuban partners through ‘cobalt swap’
Sherritt International (TSX: S) has entered agreements with its Cuban partners to settle $362 million of total outstanding receivables over five years, beginning Jan. 1, 2023. The agreements, known as…