Galway Metals (TSXV: GWM) has completed its recently upsized bought deal private placement, raising gross proceeds of $10.5 million. The financing consisted of the sale of approximately 6.66 million flow-through shares priced at 60 ? each, and 15.3 million hard-dollar shares at 42.5 ? each.The offering was carried out by a syndicate of underwriters led by Paradigm Capital, and included Laurentian...Read More
Canada's B2Gold (TSX, NYSE: BTO) is buying Australian explorer Oklo Resources (ASX: OKU) in a deal valued at A$90 million (US$64 million) or 17.25 ? per share, representing a 127% premium on Oklo's closing price of 7.6 ? on Wednesday.As part of the transaction, B2Gold will give Oklo's investors 5.25 ? cash per share and will issue up to roughly 10.8 million shares for the target company's shareho...Read More
First Majestic Silver (TSX: FR; NYSE: AG) will sell its past producing La Guitarra silver mine, located in the Temascaltepec mining district in Mexico, to Sierra Madre Gold & Silver (TSXV: SM) in an all-share deal worth about US$35 million. Under the deal, First Majestic will receive 69.1 million Sierra Madre shares at 65 ? per share. Upon closing, First Majestic will own 47% of the outstanding s...Read More
500 million+ members | Manage your professional identity. Build and engage with your professional network. Access knowledge, insights and opportunities.Read full newsRead More
Filo going bigRead full newsRead More
Share this article VANCOUVER - Osisko Development Corp. [ODV-TSXV] has released a preliminary economic assessment (PEA) for its flagship Cariboo gold project in British Columbia that targets an initial gold pour in the first quarter of 2024.The PEA illustrates potential economics for a low cost, large scale underground gold mine, with industry-leading operating costs. It envisages total gold pr...Read More
Try to think where you were exactly one year ago. Perhaps you were caught up in the red-hot tech boom that had been raging for more than a decade. Watching the Nasdaq climb 385% between May 2012 and May 2021 would've been quite fruitful for your portfolio. Little did you know that the crash was about to begin just six months later. What didn't pique your interest was the fact that WTI oil was t...Read More
Alpha Exploration (TSXV: ALEX) has reported drill results from its first campaign on the Aburna gold prospect, part of the company's Kerkasha project in Eritrea, based on which it expects is "a large gold discovery" in the property. Highlights from the latest results of the 19-hole program that ended in March included 22 metres grading 4.5 grams gold per tonne starting from 47 metres depth in...Read More
Lithium technology companies are jostling for a foot in the door of the rapidly accelerating North American integrated battery metals supply chain, whether becoming a battery precursor material manufacturer or a potentially disruptive lithium direct extraction tech provider.Vancouver-based Nano One Materials Corp (TSX: NANO; US-OTC: NNOMF) on May 25 announced the acquisition of lithium iron phosph...Read More
Shares of Peru-focused miner Tinka Resources (TSXV: TK) rose 25% in the afternoon on May 25 as the company announced investments worth $11 million from regional mining giants Nexa Resources (NYSE: NEXA) and Buenaventura (NYSE: BVN) in the firm. One of the largest zinc producers in Latin America, Nexa will subscribe for 40.7 million common shares for proceeds of $9 million, increasing its total...Read More
Applications for the 2022 Young Mining Professionals (YMP) Scholarship Fund are now open for students enrolled this coming September in an Earth Science or Mining Engineering program at a Canadian university. The value of the YMP Scholarship Fund, the largest mining scholarship fund in the world according to the YMP executive team, has grown from $12,000 when it was founded in 2018 by Stephen S...Read More
Higher commodity prices are not high enough to incentivize new production to come online, as slowing demand from China weighs heavy, especially on copper.Bank of America recently hosted its metals and mining conference in Miami, which heard that weak near-term demand from China in March and April impacted all six sectors that matter for copper demand. Not a single demand driver expanded year-on-ye...Read More
Osisko Development (TSXV: ODV) has released the results from its preliminary economic assessment (PEA) for the Cariboo gold project in central B.C. The study, which examines a large, low-cost underground mine, was prepared by BBA Engineering.The Cariboo mine is to be a phased development, averaging 75,000 oz. per year to begin and expanding to 286,000 oz. annually after four years. The base case c...Read More
Four out of the eight miners who have been missing since Trevali Mining's (TSX: TV) Perkoa mine in Burkina Faso was hit by flash floods last month, were found dead, the company reported on May 25. The rescue team discovered the bodies of the four workers, the company said, without providing more details. The search for the remaining four workers will continue, it added. Six out of the eight men...Read More
Location is key for success in many undertakings. In real estate it is the only consideration.In gold exploration, the best location to look for is where there are other gold deposits and mines. There are several hot spots in Canada such as Ontario's Red Lake Gold District, the Abitibi Greenstone Gold Belt in Quebec or the Golden Triangle region in British Columbia. Merger and acquisition activit...Read More
Canada's Hudbay Minerals (TSX, NYSE: HBM) has scored a small but key win in the United States after an Arizona judge ruled in favour of the company's planned Copper World mine.The ruling dismissed a pair of lawsuits filed by three Native American tribes and a coalition of environmental groups, which aimed to stop ongoing work on Copper World.Their attempt was based on a separate ruling earlier th...Read More
Location is key for success in many undertakings. In real estate it is the only consideration.In gold exploration, the best location to look for is where there are other gold deposits and mines. There are several hot spots in Canada such as Ontario's Red Lake Gold District, the Abitibi Greenstone Gold Belt in Quebec or the Golden Triangle region in British Columbia. Merger and acquisition activit...Read More
Back in October, Tesla (NASDAQ: TSLA) announced it would be changing the type of battery the company uses in its standard-range electric vehicles.And the switch to this new type of battery has created a truly unique investment opportunity.Tesla's Big SwitchFor its standard-range EVs, Tesla has been using a type of lithium-ion battery that employs a mixture of nickel, cobalt, and aluminum as the ca...Read More