News and Reports

BHP still working towards OZ takeover

December 20, 2022 / www.mining-journal.com

Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDOn November 18, OZ agreed to grant BHP four weeks of due diligence access after BHP increased its non-binding indicative proposal from $25 per shar...Read More

The Northern Miner Podcast - episode 322: Trust, multipolarity, energy, war and gold-takeaways from 2022 with Paul from the Sirius Report

December 20, 2022 / www.northernminer.com

This week's episode features geopolitical and natural resource commentator Paul from the Sirius Report in conversation with host Adrian Pocobelli. Paul discusses the major themes of 2022, including the global move towards multipolarity, the EU's energy crisis, the war in Ukraine, the increasing importance of gold, and further developments in BRICS+. He also discusses the diminishing sense of tr...Read More

Taseko and Mitsui partner to develop Florence copper project in Arizona

December 20, 2022 / www.northernminer.com

Taseko Mines (TSX: TKO) shares rocketed by 23% today on news that it has partnered with Mitsui to develop the Florence copper project, located in Arizona.Mitsui has committed to an initial investment of US$50 million to be used for construction. The initial investment will be in the form of a copper stream agreement on 2.67% of the copper produced at Florence.While the project has attracted cont...Read More

Iamgold surges on billion-dollar asset sales to fund C??t?(C) gold project in Ontario

December 20, 2022 / www.northernminer.com

Shares in Iamgold (TSX: IMG; NYSE: IAG) shot up 25% on Tuesday after it sold its latest portion of nearly US$1 billion in assets to build the C??t?(C) gold project in northern Ontario. The Toronto-based miner and developer said today it's selling its exploration and developments assets in Senegal, Mali and Guinea to Casablanca, Morocco-based Managem for US$282 million. On Monday it agreed to s...Read More

Nevada Lithium project cuts strong grades near surface and at depth

December 20, 2022 / www.northernminer.com

Nevada Lithium Resources (TSXV: NVLH; OTCQB: NVLHF) and Iconic Minerals (TSX-V: ICM; OTCQB: BVTEF) say drill results from their Bonnie Claire Lithium joint venture in Nevada show near-surface strong grades. Drill hole BC2202C cut 600.46 metres from surface grading 1,157 parts per million (ppm) lithium, including 121.92 metres from 6.1 metres depth grading 753 ppm lithium, and 298.7 metres from...Read More

Emerita gains on Spain copper project drill results, resource estimate plans

December 20, 2022 / www.northernminer.com

Shares in Emerita Resources (TSXV: EMO; OTCQB: EMOTF) rose 7% on Tuesday after it reported drill results at its Iberian Belt West base metals project in Spain and said it will publish an initial mineral resource estimate by May. Drill hole LR057 at the La Romanera deposit cut 25.1 metres from 328.8 metres depth grading 0.3% copper, 1.5% lead, 6% zinc, 0.74 gram per tonne gold and 82 grams silver...Read More

Lithium Americas to buy Arena Minerals in US$227M all-share deal

December 20, 2022 / www.northernminer.com

Lithium Americas (TSX: LAC; NYSE: LAC) is buying all the shares it does not already own of fellow Canadian Arena Minerals (TSXV: AN) in a deal that gives the Vancouver-based lithium miner further access to the Pastos Grandes basin in Argentina.The transaction, which values the target company at US$227 million, will see Arena's shareholders receive 0.0226 of a Lithium Americas common share for each...Read More

Teck sells closed Quintette coal mine for US$120 million

December 20, 2022 / www.northernminer.com

Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada's largest diversified miner, has reached a deal to sell its closed Quintette steelmaking coal mine to Conuma Resources for US$120 million cash.The asset, in northeast British Columbia, has been shuttered since 2000, after being in operation for 18 years.Teck said Conuma Resources, a Canadian steelmaking coal producer, will also pay an ongoi...Read More

Want to Be a "Super-Trader"? Too Bad!

December 20, 2022 / www.outsiderclub.com

Have you ever felt like the odd one out? Like every time you speak up, the "cool kids" in class are in the back snickering at you?You know the type. They probably looked something like this:Anyone who has dove headfirst into the investment community with no experience knows that feeling like an old friend. When I first started trading, with nothing but a few hundred dollars and my wits, I got a...Read More

Big Oil Loves ESG Investing

December 20, 2022 / dailyreckoning.com

Last week, HSBC, one of the world's largest banks, announced that it would no longer fund oil and natural gas exploration and development projects.It also announced that it would increase the scrutiny of existing customers in terms of their efforts to reduce carbon emissions.It all has to do with so-called ESG investing.As you probably know by now, ESG stands for environmental, social and governan...Read More

TNM Drill Down: Burkina Faso delivers top drill assay of Dec. 9-16

December 19, 2022 / www.northernminer.com

Our TNM Drill Down features highlights of 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 drill assay comes from Burkina Faso, where West African Resources (ASX: WAF) reported that drill hole M1SRD_0207 at its Sanbrado gold operations returned 25 metres grading 90.17 grams gold per tonne fr...Read More

TSX drops during the Dec. 12-16 trading week

December 19, 2022 / www.northernminer.com

Stocks fell during the Dec. 12-16 trading period as the U.S. Federal Reserve increased interest rates again to fight high inflation and retail sales figures disappointed analysts. Markets were volatile. The S&P/TSX Composite Index shed 503.79 points or 2.5% to 19,443.28. The S&P/TSX Global Mining Index decreased 2.7 points or 2.4% to 108.3, and the S&P/TSX Global Base Metals Index lost 6.48 point...Read More

TSX Venture steady over Dec. 12-16 trading week

December 19, 2022 / www.northernminer.com

The S&P/TSX Venture Composite Index retreated by 1.36 points or 0.2% over the Dec. 12-16 trading period to end at 576.26. Los Andes Copper lost 45 ? to $13.50 over the period after the company said Dec. 9 it was being taken to court over environmental concerns about exploration drilling from 2007 to 2017 on its Vizcachitas project 120 km north of Santiago, Chile. Los Andes said it is fully commit...Read More

U.S. markets continue to slide during Dec. 12 - 16 trading week

December 19, 2022 / www.northernminer.com

The Dow Jones Industrial Average fell 556 points, or 1.7%, to 32,920.46, and the S&P 500 lost 82 points or 2.1%, over the week to 3,852.4.The top value gainer this week was Natural Resource Partners LP which closed US$2.55 per share higher on Dec. 16 at US$45.55 apiece. The company's share price is riding high (up 50% over the past 12 months) amid a generally depressed natural resources sector. Th...Read More

Ioneer's lithium-boron project in Nevada moves into final permitting stage

December 19, 2022 / www.northernminer.com

Australia-based ioneer (NASDAQ: IONR; ASX: INR) said on Monday its flagship Rhyolite Ridge lithium-boron project in Nevada has advanced into the final stage of federal permitting.The company said the decision by the U.S. Bureau of Land Management (BLM) to publish a Notice of Intent (NOI) in the Federal Register, was a major milestone towards completing the permitting for the proposed mine. "This...Read More

Canada Nickel acquires former Texmont nickel mine near Timmins

December 19, 2022 / www.northernminer.com

Canada Nickel Co. (TSXV: CNC; US-OTC: CNIKF) is buying a 100% interest in the past-producing Texmont nickel property, situated between the company's Deloro and Sothman properties south of Timmins, Ont. "The acquisition of the Texmont property provides near-term smaller scale production potential and is highly complementary to our large-scale Crawford and regional nickel sulphide projects, chair a...Read More

Perpetua awarded up to US$24.8M under US Defense Production Act, stock jumps

December 19, 2022 / www.northernminer.com

Perpetua Resources (TSX: PPTA; NASDAQ: PPTA) announced on Monday that its Idaho-based subsidiary has received a technology investment of up to US$24.8 million under Title III of the Defense Production Act (DPA).The objective of the funding, issued by the Air Force Research Laboratory, is to complete the environmental and engineering studies necessary for Perpetua to obtain the required permits to...Read More

Trevali sells stake in Namibia's Rosh Pinah mine to Appian

December 19, 2022 / www.northernminer.com

Trevali Mining will sell its 90% interest in the Rosh Pinah zinc-lead-silver mine, in Namibia, to Appian Natural Resources Fund III.The embattled miner has had a difficult financial and operative year. Its president and chief executive Ricus Grimbeek left the company in September following a Burkina Faso court's verdict that found two employees guilty of involuntary manslaughter.The convictions...Read More

Newcrest CEO Biswas leaves Australia's top gold miner

December 19, 2022 / www.northernminer.com

Newcrest Mining (TSX: NCM; ASX: NCM) announced on Monday that its chief executive officer Sandeep Biswas is retiring from the role effective immediately, after eight years at the helm of Australia's top gold miner, but will stay as an advisor until March 2023.Chief financial officer Sherry Duhe, who joined the company in February, will step in as interim chief executive while a global internal...Read More

Transparency International denounces lack of clarity in Cobre Panam??'s negotiations

December 19, 2022 / www.northernminer.com

The Panamanian chapter of Transparency International (TI) issued a communiqu?(C) denouncing what the organization deems as a lack of clarity in the negotiations between the government of President Laurentino Cortizo and Minera Panam??, the local subsidiary of First Quantum Minerals (TSX: FM).On Friday, the Panamanian government ordered the Canadian miner to halt operations at its Cobre Panam?? cop...Read More

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