US markets climb, Sept. 28-Oct. 2
The Dow Jones Industrial Average rose 1.87% to finish the week at 27,682.81 and the S&P 500 Index climbed 1.52% to 3,348.44. Spot gold increased US$37.60 per oz., or 2.02%,…
United States
Trump declares national emergency on rare earths production
U.S. President Donald Trump has signed an executive order declaring a national emergency in the mining industry, a move that seeks to curb the country’s reliance on rare earths in…
Corvus Gold drills near-surface mineralization at Mother Lode
The most recent drilling at Corvus Gold’s (TSX: KOR; NASDAQ: KOR) Mother Lode property in Nevada targeted three vertically related zones at the 37-sq.-km property. Data from the eight holes…
Kinross to acquire 70% of Peak Gold project in Alaska for US$94M
Kinross Gold (TSX: K; NYSE: KGC) says it plans to strengthen its medium-term production and cash flow profile with the US$93.7 million acquisition of the Peak Gold project in Alaska,…
Platinum and palladium could boost performance of lithium-ion batteries
Lion Battery Technologies is pushing forward with plans to develop lithium-ion batteries that use platinum and palladium to enhance battery performance. The company was formed as a joint venture between Platinum…
Jervois Mining to buy cobalt, nickel refinery in Brazil
Jervois Mining (TSXV: JRV; US-OTC: JRVMF) is buying a nickel and cobalt refinery in Brazil from Companhia Brasileira de Alumínio for 125 million reals (US$22.1 million) in an effort to…
Cleveland-Cliffs to acquire ArcelorMittal USA in US$1.4B deal
Cleveland-Cliffs (NYSE: CLF) is buying “substantially all” of Luxembourg-based ArcelorMittal’s (NYSE: MT) operations in the United States in a US$1.4 billion deal that will make it North America’s largest flat-rolled…
Piedmont Lithium soars after Tesla deal
Australian junior Piedmont Lithium (ASX: PLL) has confirmed it has signed a sales agreement with Tesla to supply the electric car maker with high-purity lithium ore for up to ten…
Commentary: Mines are the biggest holes in Tesla’s $25,000 car plans
During Tuesday’s much-hyped battery day, Tesla CEO Elon Musk laid out plans to put everyone behind the wheel (or is that sleeping in the back?) of a $25,000 car that…
Tesla to eliminate cobalt from electric vehicles
At Tesla’s live-streamed Battery Technology Day this week, chief executive Elon Musk outlined the company’s plans to build a US$25,000 electric vehicle (EV) with a cheaper, more powerful battery that…
Pebble Partnership CEO resigns over leaked tape
Northern Dynasty Minerals (TSX: NDM, NYSE: NAK) announced Wednesday that Tom Collier, chief executive of its U.S.-based subsidiary Pebble Limited Partnership, has submitted his resignation in light of comments made…
Integra reports long intercepts from DeLamar in Idaho
Integra Resources (TSXV: ITR; NYSE-AM: ITRG) has released assay results for five holes drilled as part of this year’s exploration program at the Florida Mountain deposit within the DeLamar project…