United States Mining News - Page 4 of 322

Environment, News October 29, 2024

Trillions needed to achieve net-zero by 2050 — Wood Mackenzie

The world is currently on course for global warming levels between 2.5˚C and 3˚C by the end of the century, far exceeding the 1.5˚C target outlined in the Paris Agreement…

Commodities Markets, Exploration, News, Precious Metals October 28, 2024

Heliostar expands high-grade gold at Ana Paula, uncovering a new zone

Drill results from Heliostar Metals’ (TSXV: HSTR; US-OTC: HSTXF) Ana Paula gold project in Guerrero, Mexico, suggest potential for a resource increase and a new, near-surface find. The Vancouver-based junior…

Environment, Politics, Precious Metals, Regulatory Issues October 28, 2024

US recycles over billion dollars in gold from electronics

The United States led all nations in terms of gold recycled from discarded electronics, according a new study by London-based metals trader The Gold Bullion Company. Using waste data from…

Asteroid mining startup to launch mission in early 2024

News, Regulatory Issues, Space October 28, 2024

Space rock miner lands first US permit

AstroForge, a Los Angeles-based startup with plans to mine asteroids, received on Monday the United States Federal Communications Commission’s first-ever commercial license to operate in deep space. The move sets…

Gold equities outshine bullion as miners surge on record metals prices, analysis shows

Commodities Markets, News, Precious Metals, Stock Markets/Investing October 25, 2024

Gold stocks starting to outshine bullion: Canaccord report

Higher gold and silver prices are finally jump-starting the stock prices of the companies that mine the metals, Canaccord Genuity Capital Markets analysts said in a report this week. Equities…

US closer to greenlighting ioneer’s Nevada lithium mine

Financial Matters, M&A, News October 25, 2024

Ioneer’s Rhyolite Ridge gains key permit, but legal and political risks loom

The United States’ Bureau of Land Management (BLM) on Thursday approved Ioneer’s (ASX: INR) Rhyolite Ridge lithium-boron project in southwest Nevada, opening the door for closing US$1.19 billion in funding….

$Pentwater Capital Management LP, the second-largest investor in Turquoise Hill Resources (TSX: TQR) has increased its stake in the Canadian company while rejecting again Rio Tinto’s C$43-a-share offer for the 49% of the miner it doesn’t already own. The activist investor disclosed it had bought around 1.24% of common stock at C$41.01 per share in Turquoise Hill, for a total of C$102.5 million on September 15. It means it currently owns 13.77% of Turquoise Hill’s shares Rio Tinto agreed on earlier this month to take over Turquoise Hill after sweetening an initial offer by around 20% to “a best and final” $3.3 billion. Penwater, which joined minority shareholder SailingStone Capital Partners in publicly opposing Rio Tinto’s offer as too low, restated its discontent. “The proposed price implies an equity value of C$8.65 billion, which is a fraction of the free cash flow that Pentwater expects Turquoise Hill to generate over the next decade,” it said in the statement. Pentwater noted it expects Turquoise Hill to generate over C$10.5 billion of free cash flow through 2030 assuming a $3.50 per pound copper price and almost C$14.2 billion of free cash flow assuming copper prices of $4 per pound. It also said it was weighing options to thwart the deal, including but not limited to the possible exercise of dissent rights or other legal action. Rio’s offer equires two thirds of shareholders, including Rio Tinto’s, to vote in favour. More than 50% of minority shareholders must approve it. Rio’s final bid represents a 67% premium from Turquoise Hill’s closing price of C$25.68 a share on March 11, the trading day prior to the initial proposal. Pentwater has said the proposed premium is unacceptable for a mine that it expects to be “the third largest copper and gold mine in the world with a mine life in excess of 90 years.” Some analysts believe that Rio Tinto will need to increase its offer to win over some minority shareholders and so hold a direct majority stake in massive Oyu Tolgoi copper-gold mine in Mongolia. The global miner, which has mined copper from Oyu Tolgoi’s open pit for a decade, will have the task to conclude building the underground section of the mine. Once finished, it will lift production from 125,000–150,000 tonnes in 2019 to 560,000 tonnes per year at peak output, which is now expected by 2025 at the earliest. This would make it the biggest new copper mine to come on stream in several years.$

Column, Commentary, Commodities Markets, Exploration October 25, 2024

Clues to when the next commodity boom will start abound – if you know where to look

It’s important to understand that the boom phase of a commodity cycle doesn’t kick off overnight. While there have been some green shoots — record gold prices, and copper (briefly) spiking…

Standard Lithium South West Arkansas Drill Rig

Analysis, Financing, News, Regulatory Issues, Technology October 24, 2024

Arkansas lithium projects heat up with royalty battle, huge underground resource

As Arkansas contends with booming lithium discoveries and investments by ExxonMobil (NYSE: XOM), Albemarle (NYSE: ALB) and Standard Lithium (TSXV: SLI) among others, the state faces a battle over the amount of…

Mineralized core from the first hole drilled at Bolderdash in Michigan

Exploration, Fast News October 24, 2024

Talon Metals makes new copper-nickel discovery near Eagle mine in Michigan

The company reported 99.92 meters of copper and nickel mineralization from its maiden drill hole at the Boulderdash target.

News October 23, 2024

BHP tops all miners in Forbes list of world’s best employers

Australian miner BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has earned a spot in Forbes list of the world’s best employers of 2024, placing best amongst all peers in the…

Exploration, News, Precious Metals, Stock Markets/Investing October 23, 2024

Nova Minerals drills more high gold grades in Alaska ahead of resource update

Nova Minerals‘ (NASDAQ: NVA; ASX: NVA) shares soared on Wednesday after the Alaska-focused gold explorer delivered high grades from the final six holes at the RPM starter pit of its…

Financing, News October 22, 2024

Serra Verde makes global list of critical projects, banks US$150M investment

Brazil-focused Serra Verde Group has gained a US$150 million investment and earned a spot on the Minerals Security Partnership’s (MSP) global list of projects considered crucial to the global energy…