Lake Resources (ASX: LKE) shares fell nearly 3% after short seller J Capital Research released a new report questioning the purported success of the lithium junior's direct lithium extraction (DLE) technology.According to J Capital analysts, the DLE technology the company is looking to use could be "dramatically" underperforming expectations. This technology is critical to making the lithium devel...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's top three drill assays come from North America. HighGold Mining's (TSXV: HIGH) Johnson Tract project in Alaska delivered the top intercept. Hole JT22-152 cut 120.5 metres grading 18.76 grams gold per tonne from...Read More
Drilling by Fortuna Silver Mines (TSX: FVI; NYSE: FSM) at its S?(C)gu?(C)la gold project in C??te d'Ivoire continues to reveal more exploration upside, with the company announcing on Monday an updated resource for the Sunbird deposit as well as the discovery of two regional prospects.Following the release of an initial resource for Sunbird earlier this year, exploration drilling has since resulted...Read More
Calgary-based Lithium Chile (CVE: LITH) has announced an updated resource for its Salar de Arizaro asset in Argentina that has increased overall lithium carbonate equivalent (LCE) tonnage by 81%.With the addition of a second production well at the project, total indicated resources are now 1.3 million tonnes of LCE at a grade of 284 mg per litre. Inferred resources add 1.2 million tonnes at a grad...Read More
The Dow Jones Industrial Average fell 404.67 points, or 1.2%, to 33,942.36, and the S&P 500 lost 30.31 points or 0.8%, over the week to 3,995.81.Leading value gainer for the week was Consol Energy, which closed US$6.73 higher at US$75.30. Despite coming down from recent highs, the stock is still rallying over 229% over the 12-month frame as its main product, thermal coal, achieved and remained in...Read More
The S&P/TSX Venture Composite Index ended the Nov. 29-Dec. 2 trading session at 599.20 points, up 23.56 points or 4.1% higher.?EUR? Topping the percentage gainers this week was Queensland Gold, which saw a dramatic 288% or 36 ? rise in its shares to 49 ? each. On Nov. 28, the explorer announced an agreement to acquire a 100% interest in the 86-sq.-km Mia lithium property in the James Bay area of...Read More
The markets this week saw the TSX rally to its highest closing level in nearly six months on Dec. 1, buoyed by news that U.S. Federal Reserve Chair Jerome Powell?EUR?could seek smaller interest rate hikes at the Fed's next meeting on Dec. 13-14. The rally faced resistance by week's end as high interest rates continue to worry market participants. The Bank of Canada is expected to raise interest ra...Read More
Miner and commodities giant Glencore (LSE: GLEN) said on Monday it will pay the government of the Democratic Republic of the Congo US$180 million to settle all alleged corruption claims in the country between 2007 and 2018.The Swiss firm said the latest deal covers all activities that have been the subject of probes by the DRC's National Financial Intelligence Unit and Ministry of Justice, and the...Read More
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) has secured up to US$100 million from shareholder Synergy Capital to build the initial phase of a US$155-million expansion at its Grota do Cirilo lithium project in Minas Gerais, Brazil.The Vancouver-based miner said the debt-financing deal extends until August 2023, which gives it enough time to ramp up production at Grota do Cirilo, the largest hard rock...Read More
Colombian President Gustavo Petro proposed over the weekend a new reform to the country's mining code, which was initially issued in 2001. During a town hall held in the town of Dabeiba, in the northwestern Antioquia department, Petro said that an update is urgent because the current code allows for mining exploration to take place in areas that host important freshwater resources and agricultu...Read More
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Share this article VANCOUVER - Ximen Mining Corp. [XIM-TSXV; XXMMF-OTCQB; 1XMA-FSE] has completed airborne lidar and magnetic surveys at its Brett property near Vernon, southern British Columbia.A total of 54 km2 were covered by magnetic surveys, flown at 50-metre spaced flight lines. The lidar surveys covered a total of 12 km2 and included orthophotos. Data was collected with a Phoenix Ranger li...Read More