Lithion Recycling has received $22.5 million in funding from the Quebec government, including a $15 million equity investment in the company's capital stock through Investissement Qu?(C)bec and $7.5 million in grants from the Fonds d'?(C)lectrification et de changements climatiques.Lithion also received funds totalling $125 million earlier this year from Quebec-based Fondaction, and from Korea's I...Read More
Belmont Resources (TSXV: BEA) reported its longest intercept of copper mineralization to date from the ongoing 7,000-metre drill program at the Lone Star copper-gold project, operated by Marquee Resources (ASX: MQR). The project is situated in northern Washington state, near the Canada-U.S. border. The drill campaign is part of an option agreement that Belmont inked with Marquee in November,...Read More
Canada Nickel Co. (TSXV: CNC; OTC: CNIKF) has completed the current phase of drilling at its flagship Crawford nickel sulphide project in Ontario, and is reporting assay results from 33 drill holes, including additional assays from the previously announced East Zone high-grade core discovery. A further 37 holes have been drilled at Crawford, with assays pending.The East Zone was originally defined...Read More
Centerra Gold (TSX: CG) and the Kyrgyz Republic have reached an out-of-court settlement in which the Canadian miner agrees to hand control of its expropriated Kumtor operation to the country's government, ending an almost year-long dispute over the asset.The deal, to be announced by Kyrgyz President Sadyr Japarov on national television, will see Centerra to transferring ownership of the mine...Read More
Inflation is not a guessing game anymore; it's here. Every time you buy gas at the pump or groceries at the supermarket or book a plane ticket, the price increases are staring you in the face.The problem is that inflation cannot be isolated. It's not limited to what you pay to fill up your car, for example. Truckers have to pay the same higher prices for diesel fuel, which add to transportation co...Read More
(IDEX Online) - The diamond industry in Israel is likely to suffer from sanctions on Russia, says Ha'aretz newspaper even though the country has itself remained neutral on the invasion of Ukraine.Precious stones and metals account for about a third of Israel's total imports from Russia, according to the Israel Export Institute, amounting to $524m in 2021.Israel has not imposed restrictio...Read More
(IDEX Online) - An innovative - and extremely pricey - new TAG Heuer watch exploits technical opportunities offered by lab grown diamonds.The $376,000 Carrera Plasma (pictured) incorporates almost 12 carats, including a 2.5-ct gem grown to the shape of the crown.The dial of the 44mm-diameter watch looks like it's been sprinkled with diamonds but has actually been grown as a single polycrystal...Read More
One reason American movies are so bad these days is they have forgotten how to tell a story. Stuff just happens to characters. Cause, effect and consequence no longer exist in the workshops of Hollywood.And one might sense that these imperatives are likewise missing from what used to be known as real life in the USA, with all its stories and narratives. Stuff just happens to the people in this cou...Read More
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Share this article VANCOUVER - New Gold Inc. (NGD-TSX, NYSE American) has released a technical report containing an update on the open pit and expanded underground mine plans for its Rainy River gold mine in Ontario.The company said the life of mine has been extended to 2031 with the conversion of an additional 569,000 gold ounces in the underground main zones to mineral reserves. It said the re...Read More
Look beyond market approach to project valuations: van ZylLeadershipWest Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel gold It won't happen because governments do not have to comply with listing rules which see market regulators routinely...Read More
The Canada-based company has predicted will recieve 5,700 to 6,700 attributable gold-equivalent ounces this year, which would be a gain of between 55% and 82% from 2021.Read More
"With 2022 developing as a year of significant milestones at both Elida and Flor de Cobre, I see strong opportunity to enhance the company's market profile and valuation," the incoming presidentRead More
The offering of 18.6 million common shares, announced on March 17, was done at a price of US$13.45 per share. Read More
(IDEX Online) - Prices kept rising overall during March, but there were more price drops among both rounds and fancies than we have seen of late.Rounds Price increases again dominated for most sizes, although there were more drops than in recent months. Among 1.50-cts-4.99-cts most goods K+ and SI3+ saw prices rise. There were price rises in 1.00-cts-1.24-cts among J+ and SI1+, but a sm...Read More
US mining firms, especially those developing lithium projects which will be used in the move to electric vehicles, welcomed the news.Read More
Torex Gold Resources (TXG.TO) has released an updated technical report for the Morelos gold complex in Mexico, including an integrated life of mine plan and economics for the El Lim??n Guajes mine and the Media Luna project.The company outlined the Morelos complex's net present value at US$458 million with a 16.1% internal tax return, based on a 5% discount rate.Annual sales were estimated at 374,...Read More
Mining companies and analysts have described U.S. President Joe Biden's decision to authorize the Defense Production Act to increase battery metals production and reduce the country's reliance on China and Russia as an "urgent" move that provides "further proof" of the minerals' growing importance in the geopolitical arena. The act gives the president authority to prioritize the production of sp...Read More
Shares of Nevada Copper (TSX: NCU) traded at their lowest value this year after the company revealed in its annual report that the ramp-up of its Pumpkin Hollow underground copper mine in Nevada continued to struggle in the first quarter of 2022. The company said it had lost a scoop due to a stope's sidewall failure in its underground mine earlier this year. "As a result, the company was not abl...Read More