African Rainbow boosts Surge Copper stake to 19.9%
African Rainbow Minerals (JSE: ARI), controlled by billionaire Patrice Motsepe, has increased its stake by another 6.5% in junior Surge Copper (TSXV: SURG) which is developing the Berg project that…
Copper
Marimaca hits fresh 13-year high on copper results
Marimaca Copper (TSX: MARI; ASX: MC2) surged to its highest level in more than 13 years after the company said new drilling at its Pampa Medina property in northern Chile…
US commits $1B to critical minerals technology
The United States Department of Energy says it will unlock just under US$1 billion (C$1.38 billion) to fund mining, processing and manufacturing technologies used to extract critical minerals and materials….
Antofagasta posts biggest profit margins since 2021
The Chilean miner attributed the gains to an 11% increase in copper output, lower cash costs, and higher prices for copper and gold.
Copper-nickel hits hint at NexMetals’ Selebi potential
Results from NexMetals Mining’s (TSXV, Nasdaq: NEXM) Selebi North project in eastern Botswana have extended the South Limb’s mineralization by 35% beyond last year’s resource estimate. Shares of the company…
Osisko says new Gaspé drill results expand deposit
Osisko Metals (TSX-V: OM; US-OTC: OMZNF) said recent drilling at its Gaspé copper project in eastern Quebec expands the deposit at depth as the company works to update the resource…
Hudbay soars on 30% Mitsubishi deal for Copper World
Hudbay Minerals’ (TSX, NYSE: HBM) shares skyrocketed to their highest level in more than a decade after it reached a $600-million (C$826.1-million) deal with Mitsubishi that hands the Japanese conglomerate…
AI data centers to worsen copper shortage, BNEF says
The rapid buildout of artificial intelligence (AI) data centers risks tightening the global copper market further, potentially pushing the supply shortfall to 6 million tonnes by 2035, according to a…
Seabridge drills long copper-gold intervals at Snip North
Seabridge Gold (TSX: SEA; NYSE: SA) has cut broad porphyry-style copper-gold mineralization at its Snip North target in British Columbia’s Golden Triangle, boosting the district-scale potential near its shovel-ready KSM…
Barrick seeks $3.5B financing for Pakistan copper mine
Barrick Mining (NYSE: B; TSX: ABX) aims to secure up to $3.5 billion in financing from the United States and other international lenders to build its massive Reko Diq copper-gold…
Lifezone secures $60M bridge loan for nickel project
Lifezone Metals (NYSE: LZM) said Monday it has secured a $60 million bridge loan from Taurus Mining Finance Fund to fund early works and infrastructure development at its flagship Kabanga…
Aura Minerals quits Canada for Nasdaq
South America-focused gold and copper miner Aura Minerals (TSX: ORA; Nasdaq: AUGO) says it’s done with investors in Canada a just as the company books record results. April-to-June adjusted earnings…