Financing: US Energy Dept. hands out billions
In mid-December, the U.S Department of Energy announced a conditional loan of US$755 million to battery materials and technology company Novonix to build a plant in Tennessee for manufacturing synthetic…
United States
Cleveland-Cliffs seeks US Steel with Nucor: CNBC
Cleveland-Cliffs (NYSE: CLF) is reportedly collaborating with its rival Nucor (NYSE: NUE) on a potential bid to acquire US Steel (NYSE: X), CNBC reported on Monday. This development follows the Biden…
Stillwater Critical Minerals scrambles for DoD dollars
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is exploring to boost its nickel-palladium project in Montana as it awaits word due this year on Defense Department funding. Glencore (LSE: GLEN),…
Copper smelting fees to remain low amid tight supply
Copper concentrate treatment and refining charges (TC/RCs) paid by mining companies to smelters are expected to stay depressed throughout 2025 amid reduced supply, according to commodity analysis firm Fastmarkets. In…
Mosaic to sell Brazilian phosphate mine for US$125M
Tampa-based fertilizer company Mosaic (NYSE: MOS), the world’s fourth-largest potash producer, said on Monday that it has agreed to sell a phosphate mine and tailings dams in Brazil to local…
Hudbay increases stake in Arizona Sonoran to 9.99%
Hudbay Minerals (TSX, NYSE: HBM) has upped its stake in Arizona Sonoran Copper (TSX: ASCU, OTCQX: ASCUF) with the purchase of 11.85 million shares under a private placement. The Arizona…
Altius Minerals wins arbitration decision on Nevada gold royalty rights
Altius Minerals (TSX: ALS; US-OTC: ATUSF) says it’s won a partial arbitration ruling that could give the company expanded royalty rights over the Silicon gold district of Nevada. Shares of…
Canada knocks Trump’s claims of resource independence
Canada’s minister of energy and natural resources, Jonathan Wilkinson, has pushed back against U.S. president-elect Donald Trump’s recent claim that America doesn’t need anything from its northern neighbour as “simply…
Torex Gold meets 2024 guidance while prepping Media Luna in Mexico
Torex Gold (TSX: TXG) says it’s achieved its annual production guidance for the sixth consecutive year even after a brief shutdown last month. The Toronto-based company produced 452,523 oz. gold…
London Symposium JV Video: Geopolitical tensions elevate mining’s strategic role, EY expert says
The growing importance of critical minerals amid rising geopolitical tensions is spotlighting mining’s role in global politics, a London conference heard. Theo Yameogo, professional services firm EY’s metals and mining…
‘Sustained strength’ for gold in 2025: BMO
The outlook for gold remains strong this year based on continued central bank buying; the metal’s role as a hedge against inflation and higher-risk investment in artificial intelligence; and demand…
Faraday’s Copper Creek drill results show resource growth potential in Arizona
Faraday Copper (TSX: FDY; US-OTC: CPPKF) on Wednesday reported high-grade drill results from its Copper Creek project in Arizona, expanding near-surface and vein-hosted mineralization. Faraday’s drilling supports the theme of…