Greenland grants 30-year permit to moly mine
Greenland Resources (Cboe CA: MOLY; FSE: M0LY) has secured a 30-year permit for its Malmbjerg molybdenum project, a major development backed by the European Union. The open-pit mine is expected…
Europe
Karelian spots Victorian-era copper target in N. Ireland
Karelian Diamond Resources (LSE-A: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland. The company found the copper target…
Central banks expect more gold buying, de-dollarization
Central banks around the world continue to hold favourable expectations for gold, with most looking to add to their reserves over the coming months and even years, an annual survey…
G7 critical minerals statement targets China
At the June 16–17 summit in Kananaskis, Alta, G7 leaders released a joint statement and action plan on securing diversified, responsible critical mineral supply chains including rare earths. Although China…
Video: Cupel Advisory director flags M&A surge, industry image crisis as key trends
A new wave of mergers and acquisitions is rising in the mining sector and single-asset companies might be the first to sell out, Cupel Advisory director Nikki Adshead-Bell says. “We…
Dundee Precious Metals to buy Adriatic in $1.25B deal
Canada’s Dundee Precious Metals (TSX: DPM) is acquiring UK-based Adriatic Metals (LSE: ADT1) in a cash-and-stock deal worth $1.25 billion (C$1.7 billion), marking the latest in a wave of foreign…
Karelian clears hurdle for EU’s first diamond mine
Karelian Diamond Resources (LSE: KDR) has registered its Lahtojoki mining concession in the Finnish land registry, advancing its plan to develop what could become the European Union’s first diamond mine….
JV video: Mandalay-Alkane merger to make 180,000 oz. miner by 2026
The all-share merger of Mandalay Resources (TSX: MND) and Alkane Resources (ASX: ALK) looks set to mint a new billion-dollar gold-antimony miner as sector consolidation continues. Both companies’ boards agreed…
Infographic: Rare earth extraction spheres of control
The second edition of our Rare Earths series breaks down global extraction at the mine level, country by country. It then regroups those nations into five geopolitical spheres of control: the American Sphere, Chinese Sphere, Russian…
Amaroq raises £45M to fund Greenland expansion
Amaroq Minerals (LSE-A, TSXV: AMRQ) has raised £45 million (C$83.2 million) in an oversubscribed financing round to expand Nalunaq gold mine production in Greenland, a territory that has piqued the…
Talga clears final hurdle for Swedish graphite mine
Talga Group (ASX: TLG) has cleared the final regulatory hurdle to develop its Nunasvaara South graphite mine in northern Sweden, after the country’s government dismissed all outstanding appeals against the…
Gold passes euro as second-largest reserve asset: ECB
Gold, driven by record purchases and surging prices, has overtaken the euro as the second most important reserve asset behind the dollar, the European Central Bank (ECB) says. According to…