Patriot Battery Metals surges on Volkswagen’s $69M buy of 9.9% stake
Shares in Patriot Battery Metals (TSX: PMET; ASX: PMT) soared 29% Wednesday morning on news German automaker Volkswagen plans to take a 9.9% stake in the lithium company for $69…
Europe
Dundee’s prefeasibility bumps Čoka Rakita gold project NPV by 25% in Serbia
Dundee Precious Metals’ (TSX: DPM) new pre-feasibility study for its Čoka Rakita gold project in Serbia raises the after-tax net present value (NPV) by a quarter and the internal rate…
London Symposium Video: Rick Rule predicts soaring gold prices amid US fiscal imbalance
Veteran resource investor Rick Rule foresees a significant surge in gold prices, citing the unsustainable fiscal path of the United States, he told an industry event in London. Rule pointed…
Hummingbird Resources sold to Nioko Resources in £13.8M cash deal
Nioko Resources, a subsidiary of creditor CIG, on Monday agreed to buy Hummingbird Resources (AIM: HUM) in an all-cash deal worth about £13.8 million. Nioko, which owns 41.81% of debtor…
London Symposium Video: Sustainability innovations are reshaping mining, London panel hears
A renewed focus on sustainable industry is driving innovation to achieve it, a panel heard early this month in London. Dundee Sustainable Technologies (CSE: DST) vice president Brent Johnson spoke…
China leads world in energy transition, Wood Mackenzie says
The world’s second-largest economy leads the energy transition and is on track to source half of its power from low-carbon energy including hydro, solar, wind, nuclear and energy storage by…
London Symposium: ‘Mining must move at the pace of business, not bureaucracy,’ Ontario’s Pirie says
Ontario’s bid to lead in the critical minerals boom in Canada is fuelled with funding increases and deregulation goals in a new mining code. Yet the province must still widen…
Satellite data analysis shows copper smelting activity surged in November
Global copper smelting last month reached its highest level since February, according to a report released Wednesday that tracks smelter inactivity. Average smelter inactivity fell 2.7% from October to 13.4%…
London Symposium: Rule, Roosen call for smarter junior mining investment
“No one ever won the Kentucky Derby with the best jockey on a donkey,” Osisko Development (TSXV: ODV; NYSE: ODV) founder and CEO Sean Roosen told an industry event last…
Lundin sells European mines to Boliden for US$1.3B
Canada’s Lundin Mining (TSX: LUN) is selling its Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden to Boliden (STO: BOL) for US$1.3 billion in upfront cash, with potential…
Germany to backstop Savannah’s spodumene lithium project in Portugal
Germany’s export credit agency Euler Hermes has signed a non-binding letter of interest for a project finance loan guarantee of up to US$270 million for Savannah Resources (LSE: SAV) to…
London Symposium: How new tech and sustainability can transform mining
Green technologies and sustainability-focused project strategies are helping the industry address risks earlier and build longer-lasting community ties, a London industry event heard this week. Better technologies, integrating artisanal miners…