Asteroid mining startup AstroForge readies first mission
AstroForge, a startup with plans to mine asteroids, is getting ready to launch the first of its two missions on Friday, which main objective is to test the firm’s technique…
United States
Cleveland-Cliffs forecasts Q2 headline earnings ‘multiple times higher’
U.S.-based integrated steelmaker Cleveland-Cliffs (NYSE: CLF) has signalled to the market it expects to report first-quarter 2023 revenues of about US$5.2 billion after it shipped 4.1 million net tons of…
Newmont makes ‘best and final’ bid for Newcrest
The world’s largest gold producer Newmont (NYSE: NEM; TSX: NGT) has upped its bid for Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) to US$21.2 billion from the original implied value…
General Motors to invest US$50M in lithium startup EnergyX
General Motors’ venture capital arm will lead a US$50 million financing round for EnergyX, which is developing a more efficient method to extract lithium from salt beds. According to company…
Glencore ups stake in Polymet to 82% through US$195M rights offering
PolyMet Mining (TSX: POM) says it has completed one of the largest rights offering on the market. Under the offering, PolyMet shareholders had the right to acquire roughly 0.91 of…
TSXV dips during Apr. 3-6 trading week
The S&P/TSX Venture Composite Index retreated by 8.33 points or 1.3% over the Apr. 3-6 trading session to end at 625.85. The TSXV’s top value gainer this week was NGEx…
Mixed fortunes for the American indexes during Apr. 3-6 trading week
The Dow Jones Industrial Average gained 211.1 points or 0.6% to 33,485.29 and the S&P 500 fell 4.29 points or 0.1% over the week to 44,105.02. Franco-Nevada was the top…
Battery Metals Snapshot: Eight juniors on the hunt
Without adequate supplies of battery metals, the goal of net-zero carbon emissions by 2050 cannot be reached. Here are eight companies who are on the hunt for the metals in…
Site visit: Prismo Metals’ Hot Breccia project blooms in Arizona copper belt
The helicopter arcs around the scrubland hills like the start of a M*A*S*H episode. Except these hills are in Arizona, not Korea, and they’re studded with giant saguaro cactuses on…
BofA turns bearish on lithium
New lithium supplies coming to market from at least six new projects in the next six months will exacerbate the price pressures the battery-making ingredient has been grappling with the…
Hudbay expects all state permits for Copper World this year, seeks JV partner
Hudbay Minerals (TSX: HBM; NYSE: HBM) has moved closer to developing its Copper World complex in Arizona as it now has confirmed that these deposits, which are situated on private…
Biden earmarks US$450M for clean energy projects at coal mines
The United States has set aside US$450 million to advance clean energy projects on current and former mine sites, with special attention to those that can provide new economic opportunities…