Adriatic Metals secures US$28M financing package
Adriatic Metals (LSE: ADT2; ASX: ADT) has signed agreements to raise US$28 million from two new investors – Queen’s Road Capital Investment and the European Bank for Reconstruction and Development…
Copper
Chairman offers to take Kazakhstan’s Kaz Minerals private
Oleg Novachuk and Vladimir Kim, the current and past chairman of Kaz Minerals (LSE: KAZ), are proposing a buyout offer of the pure-play copper company. Their company, Nova Resources, in…
Brixton teams up with Friedland’s HPX on polymetallic project in Montana
Brixton Metals (TSXV: BBB) has entered a joint venture agreement on its wholly owned Hog Heaven project with High Power Exploration (HPX), a privately owned mining company led by billionaire…
China’s new infrastructure plan to boost metal demand: Fitch
China’s acceleration of its ‘new infrastructure’ plan will support the government’s beneficiation ambition in the metals industry, boosting production of high-end metals as opposed to primary metals, industry analyst Fitch…
Teck profit drops 67% on weak coal prices
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK), Canada’s largest diversified miner, saw its third-quarter adjusted profit fall by 66.6% as steelmaking coal prices collapsed in the period and Covid-19-related restrictions continued…
O3 Mining advances gold projects in Quebec
O3 Mining (TSXV: OIII) completed a preliminary economic assessment (PEA) of its Marban gold project in Quebec after only four months, and is on track to start a prefeasibility (PFS)…
Unigold rises on Candelones results
Shares of Unigold (TSXV: UGD) rose 46%, or 14.5¢, to 46¢ per share following positive drill results from its Candelones Extension deposit, which is part of the company’s 210-sq.-km Neita…
Newcrest expands access to North American capital with TSX listing
Following its listing on the Toronto Stock Exchange on Oct.13, Newcrest Mining (TSX: NCM; ASX: NCM), Australia’s largest gold producer, hopes to improve the company’s global visibility and increase its North American…
Kodiak reports long copper-gold intercepts from MPD project in BC
Kodiak Copper (TSXV: KDK) has released complete assay results for drill hole 20-004, after reporting partial assays in September, and new assays for drill hole 20-002, which were completed at…
Global copper production to increase in 2021 after two years of declines: ICSG
The International Copper Study Group (ICSG) has released its copper market forecast for 2020-21 and expects this year will mark the second consecutive year of decline in world copper mine production. After…
Sun Metals drills high-grade copper at Stardust in BC
Sun Metals (TSXV: SUNM) has announced assay results for drill holes completed at its wholly owned Stardust project in north-central British Columbia. The intercepts confirm continuous high-grade copper-gold mineralization over…
Energy metals require significant investment: Wood Mackenzie
An investment of at least US$1 trillion will be needed in key energy transition metals over the next 15 years “to meet the growing demands of decarbonization,” reports consultants Wood…