TSX down, Aug. 31-Sept. 4
The S&P/TSX Composite Index fell 2.92% to 16,218.01 during the Aug. 31-Sept. 4 trading week. The S&P/TSX Global Base Metals index dropped 0.66% to 104.84, and the S&P/TSX Global Gold…
cobalt
Glencore’s Mutanda mine on care and maintenance for ‘two years at least’: report
A year ago, Glencore (LSE: GLEN) announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70%…
Odyssey seeks compensation under NAFTA for deep-sea mining project
U.S.-based Odyssey Marine Exploration hasn’t given up its intentions to move forward with a phosphate seabed mining project in Mexico’s Exclusive Economic Zone (EEZ), despite two permit rejections. The Florida-based…
First Cobalt pushes ahead with refinery expansion plan
First Cobalt (TSXV: FCC) is moving directly into an expansion scenario for its permitted cobalt refinery in Ontario after conducting a detailed engineering study on the facility. The company said…
Sourcing cobalt remains a challenge for electric vehicle manufacturers
German luxury vehicle maker BMW signed a US$2.3 billion long-term deal earlier this month with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete…
Technology Metals Snapshot: Eight juniors developing next generation metals
While mining is best known for supplying the world with precious and base metals, technology metals – such as lithium, cobalt and transition metals – are needed for advanced applications,…
US government to assess Twin Metals mine proposal
Antofagasta’s (LSE: ANTO) Twin Metals Minnesota has received formal notice that its planned copper-nickel-cobalt-platinum metals mine will be assessed through a federal environmental review. The U.S. government’s Bureau of Land…
Eric Sprott increases stake in Stratabound Minerals
Billionaire mining investor Eric Sprott has acquired 3 million common shares of Stratabound Minerals (TSXV: SB) at a price of 5¢ per share. The acquisition was conducted through Jerritt Canyon…
KoBold Metals employs big data, geoscientists in pursuit of battery metals
KoBold Metals is investing in battery metal projects using big data and scientific computing with capital from billionaires including Bill Gates and Jeff Bezos. The privately held California-based company has…
Demand for EV raw materials to spike: report
The demand for raw materials used to manufacture rechargeable batteries for electric vehicles (EVs) will grow rapidly as the importance of oil as a source of energy recedes, according to…
Top 10 Canadian-headquartered base metal and uranium explorers
The Northern Miner has compiled a list of the top-10, Canadian headquartered base metal and uranium juniors – with no production and which are not a royalty or streaming company….
Plan needed to protect deep-sea life from mining: report
Mining the seafloor opens a vast source of key metals needed for clean energy, but should not start until a full evaluation of likely environmental impacts can be made, a…