US markets mixed, Aug. 30-Sept. 3
The Dow Jones Industrial Average dropped 86.71 points or 0.25% to finish the August 30 to September 3 trading week at 35,369.09 and the S&P 500 climbed 26.06 points or…
United States
Major Drilling results confirm rebound in exploration – as well as rising costs for miners
Rebounding exploration activity has propelled Major Drilling’s (TSX: MDI) revenues and earnings to a nine-year high. In the company’s first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million – up 69% from the same…
Barrick, NovaGold closer to Donlin mine decision
Joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drill program for their Donlin gold project in southwestern…
Coalition urges U.S. Congress to incentivize permanent rare earth magnet making
A group of rare earth industry players have sent a letter to the U.S. Congress urging lawmakers to pass bipartisan legislation to incentivize the domestic manufacturing of permanent rare earth…
Silver Elephant releases PEA for vanadium project in Nevada
The study shows an after-tax internal rate of return (IRR) of 25.4% and net present value (NPV) of $127.9 million.
Scientists ‘stretch’ lithium-ion battery storage capacity, lifespan
Researchers at the University of Southern California are working on a development aimed at discouraging the degradation of lithium-ion batteries’ structural integrity, which is one of the reasons that lead…
Piedmont and Sayona complete acquisition of Canadian lithium miner
Australia’s Piedmont Lithium (ASX: PLL) and its 19%-owned Sayona Mining (ASX: SYA) have completed the acquisition of Canada’s North American Lithium (NAL), as part of their plan to create a potential lithium production hub in the…
Silver Elephant to spin-out battery metals assets
Canada’s Silver Elephant Mining (TSX: ELEF; US-OTC: SILEF) is splitting its battery metals assets into several new companies that will be spun-out to its shareholders to focus on precious metals exploration. …
Centerra units file motion seeking US$1M a day in penalties against Kyrgyzstan government
Two units of Canada’s Centerra Gold (TSX: CG) have filed a motion in a U.S. Bankruptcy Court seeking penalties of US$1 million a day against the Kyrgyzstan government, related to…
How bringing order to chaotic bubbles can make mining more sustainable
A new way to control the motion of bubbles from researchers at New York-based Columbia Engineering might one day help separate valuable metals from useless dirt using much less energy…
Fortescue best positioned to weather industry disruption – report
Fortescue Metals (ASX: FMG) leads in an Australia-heavy Top 10 listing of companies based on leadership in 10 areas that matter the most to the mining sector, GlobalData says in…
Higher metal prices to push exploration budgets up in 2022, says S&P Global
S&P Global Market Intelligence’s pipeline activity index points to mineral exploration budgets increasing by 5% to 10% in 2022, metals and mining analyst William Mason told a recent online conference….