EDM Resources (TSXV: EDM) has entered into a definitive credit agreement with Swiss base metals trading company IXM for US$24 million in debt financing to advance the company's Scotia mine towards commercial production.Scotia is a fully owned and permitted zinc-lead operation consisting of a mine and mill that last operated in 2009. The open-pit mine and related facilities are located near Halifa...Read More
Wyloo Metals made a big splash last year with its battle against Australian behemoth BHP (NYSE: BHP; LSE: BHP; ASX: BHP) for control of Ring of Fire junior Noront Resources. The private, Western Australia-based company, owned by Australian billionaire Andrew Forrest's Tattarang investment group, outlined its vision for Noront's high-grade nickel-copper-PGM Eagle's Nest project early on. The miner...Read More
Geoscience BC has completed a new project that would make data for hundreds more mineral exploration and development reports in British Columbia searchable by location for the first time.National Instrument 43-101 technical reports contain comprehensive geoscience information on prospective mineral properties and are available from the Canadian Securities Administrators' (CSA) SEDAR website. Howev...Read More
Canada's Kinross Gold (TSX: K; NYSE: KGC) expects to declare an initial mineral resource for its recently acquired Great Bear gold project in Red Lake, Ont., as part of its 2022 year-end results, it said in an update.The gold miner, which paid $1.8 billion in cash and shares for Great Bear in a deal that closed in late February, said the estimate predominantly in the inferred resource category, wi...Read More
As demand for critical minerals increases in the society-wide push for decarbonization, the Covid-19 pandemic, Russia's invasion of Ukraine, and China's control over critical minerals have demonstrated how important it is to develop secure mineral supply chains in North America.That emerging supply chain was among the many issues discussed in the "Trends in Energy Metals: Net-zero carbon emissions...Read More
Azimut Exploration (TSXV: AZM; US-OT: AZMTF) has made a new nickel-copper sulphide discovery during its initial diamond drilling program at the Wapatik project in Quebec. Highlights from the discovery hole WAP22-003 included 3.3 metres grading 2.68% nickel and 1.3% copper starting from 143.4 metres. A six-hole follow-up program, totalling about 1,000 metres, is currently underway to further tes...Read More
If there's one good thing to be said about the G-7, it's that it's consistent.Too bad it's that it's consistently useless.On Sunday, members of the G-7 decided they'd waste some time by banning imports of gold from Russia.British Prime Minister Boris Johnson said the ban will "directly hit Russian oligarchs and strike at the heart of Putin's war machine."Biden tweeted:And U.S. Secre...Read More
In a presentation made yesterday, BHP chief legal, governance and external affairs officer Caroline Cox outlined how social value was embedded in everything BHP did.Read More
$2.3 billionAfter-Tax NPV (8%) at Base Case metal prices After-Tax IRR 18.1% at Base Case metal prices Cashflow over the first four years of$951 millionper year at Base Case metal prices Base Case development contemplates 27-year mine life Base Case metal prices: Cu:US$3.60...Read full newsRead More
Kore on June 28 announced that it has signed a heads of agreement for the construction of the Kola Potash Project with SEPCO Electric Power Construction Corp.Read More
Share this articleTORONTO - Seabridge Gold Inc. [SEA-TSX, SA-NYSE] has released the results of an updated preliminary feasibility (PFS) study for its 100%-owned KSM project in northern British Columbia.Located in B.C.'s Golden Triangle region, KSM ranks as one of the world's largest undeveloped gold projects as measured by reserves.A key feature of the new PFS is a reduction in the total capital e...Read More
Based on a copper price of $3.60/lb and a gold price of $1,700 an ounce, Casino will cost an initial C$3.62 billion in capital and have copper cash costs of $1.Read More
The firm was on schedule to declare an initial mineral resource at Great Bear as part of its 2022 year-end results, it said at an investors presentation of its Great Bear and US mine projects.Read More
Ivanhoe will price the sale of 14.388 million shares at $11.75, at the bottom of its marketed $11.75-12.50 per share marketing range.Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesKore on June 28 announced that it has signed a heads of agreement for the construction...Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesThe CCUS pilot supports the firm's Net-Zero climate change strategy, including the aim...Read More
Yukon-focused explorer Fireweed Zinc (TSXV: FWZ; US-OTCQB: FWEDF) has rebranded as Fireweed Metals to reflect its metamorphosis into a critical minerals-focused company. The name change follows its early June acquisition of the Mactung tungsten project in Yukon and the Northwest Territories for $15 million. The project is close to the company's flagship Macmillan Pass zinc-lead-silver project, wh...Read More
Alamos Gold's (TSX: AGI; NYSE: AGI) Island gold mine is expected to produce 287,000 oz. gold on average every year from 2026 onwards, which is 22% higher than the company's previous estimate made in 2020 and more than double its 2021 production, according to the miner's Phase 3+ expansion study. The latest study is an update to the Phase 3 expansion study released two years ago and outlines a "...Read More
Western Copper and Gold (TSX: WRN; NYSE: WRN) has shared the feasibility study on its flagship Casino deposit located 300 km northwest of Whitehorse, Yukon. The project is being developed as an open pit mine, with a concentrator processing 120,000 tonnes per day to recover copper, gold, molybdenum and silver, as well as a 25,000-tonne-per-day oxide heap leach facility to recover gold, silver and c...Read More
The USGS has deployed its scientific capabilities and high-tech tools in the global fight against illegal mining.The organization's scientists are playing a leading role in a project involving a collaboration between the U.S. Department of State, U.S. Agency for International Development, United Nations and other governmental and non-governmental organizations working to address conflict mining."U...Read More