Rock Tech Lithium closes $40M financing
Rock Tech Lithium (TSXV: RCK; OTC: RCKTF) has closed its previously announced marketed offering, issuing approximately 11.5 million units of the company priced at $3.50 per unit for aggregate gross…
2022
Peruvian Institute of Economy reports ‘concerning’ decrease in mining private investments
A recent report by the Peruvian Institute of Economy states that the country’s mining sector has seen a ‘concerning’ decrease in private investments. According to the Institute, while the mining…
Trevali confirms arrest of Perkoa managers; receives creditor protection
Ailing zinc miner Trevali Mining (TSX: TV; US-OTC: TREVF) reported receiving an initial order from the Supreme Court of British Columbia under the Companies’ Creditors Arrangement Act (CCAA) on Friday,…
JV Article: GR Silver Mining hits new high-grade silver mineralization at San Marcial in Mexico
Mexico-focused GR Silver Mining (TSXV: GRSL; US-OTC: GRSLF) is “celebrating the success of our exploration model after the culmination of many years of hard work,” says Eric Zaunscherb, the company’s…
Two Trevali managers arrested in Burkina Faso due to Perkoa mine flood: reports
Burkina Faso news sources report that two Trevali Mining (TSX: TV) executives were arrested in the country due to the tragic flooding at the Perkoa zinc mine that trapped and…
OceanaGold closer to finalizing permits for Haile underground mine
OceanaGold (TSX: OGC; ASX: OGC) is moving closer to completing the permitting process for its Haile underground mine in South Carolina, a development that would expand the production potential of…
‘Overexploitation’ caused sinkhole near Lundin Mining copper project, Chile government says
Chilean authorities say they can “confirm” the massive 36.5-metre diameter sinkhole which emerged on July 30 near Lundin Mining (TSX: LUN)’s Alcaparrosa copper mine is tied to mining “overexploitation”. Lundin’s Chilean unit…
World’s largest uranium miner Kazatomprom ups 2024 production goals
Uranium producer Kazatomprom (LSE: KAP), the world’s largest, has increased its 2024 production target by about 10% on the back of growing demand for nuclear energy amid global energy concerns, in…
Wheaton Precious cancels Glencore-Yauliyacu silver stream
At least one analyst has trimmed their target price forecast for Wheaton Precious Metals (TSX: WPM; NYSE: WPM) equity after the miner announced it has agreed to terminate its silver…
Copper deficit a critical destabilizing threat to international security, says S&P Global
Copper scarcity may emerge as a key destabilizing threat to international security in the 21st Century an analysis by S&P Global found this week. “Projected annual shortfalls will place unprecedented…
Worsening economic outlook, weak metals prices marred mining in Q2, says S&P Global
Analysts at S&P Global Market Intelligence have pointed the finger at a worsening global economic outlook and softer metals prices for dragging down global mining activity in the three months…
Moneta Gold closes $15.4M bought deal to fund Tower exploration
Moneta Gold (TSX: ME; OTC: MEAUF) has closed its previously announced and upsized bought deal private placement for aggregate gross proceeds of $15.4 million. The offering, which was oversubscribed, consists…