A 75-basis-point rate hike was forecast... and a 75-basis-point rate hike it was. The Federal Reserve issued word shortly after 2 p.m. Eastern.Today's was the third consecutive 75-basis-point rate raising. Never in its history has the Federal Reserve imposed three consecutive 75-basis-point rate raisings.And so its target rate presently ranges between 3% and 3.25%. Not since February 2008 - over 1...Read More
Toronto-based Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) signed its first production agreement for North America's only cobalt refinery today, agreeing to supply LG Energy Solution of Seoul with about US$63 million of cobalt sulphate when calculated at the current spot price. The financial terms of the agreement weren't released, but Electra is to supply LGES, a global manufacturer of...Read More
Talon Metals (TSX: TLO) has received more encouraging results from drilling at its Tamarack nickel-copper-cobalt project in Minnesota, including assays for 17 holes drilled on the western side of the Tamarack resource area that demonstrated the continuity and thickness of the high-grade massive sulphide zone.The new holes, drilled between 2021 and 2022, extend across 320 metres from northwest to s...Read More
Atlantic Lithium (AIM: ALL), an Australia-based miner seeking to unlock electric car battery resources in West Africa, said its proposed operation in Ghana will generate nearly US$5 billion in revenue over its 12.5-year lifespan.The Ewoyaa project, about 120 km west of the capital, Accra, has a net present value of US$1.3 billion at a discount rate of 8% with expected free cash flow of US$2 billio...Read More
Credit rating firm Moody's Investors Service said on Thursday it had changed its outlook for the global metals and mining industry from stable to negative as a global economic slowdown continues to soften demand. The downturn is affecting prices, which consequently reflects a decreasing profitability for the largest Moody's-rated companies in the industry during the upcoming 12 months, the firm s...Read More
The London-based International Council on Mining and Metals (ICMM) says mining companies should be able to use emerging technologies within 15 years to drastically reduce the tailings that continue to kill and cause destruction when tailings storage structures fail.The ICMM estimates developing new technologies such as no-waste mine architecture, in-situ-leaching and non-chemical extraction, all a...Read More
Engineers at West Virginia University are developing new technologies for coal waste storage facilities that will detect and prevent potential failures like leakage of hazardous materials into the environment.After receiving almost half a million dollars in funding from the United States Department of Energy, the researchers plan to deliver an aerial robot-enabled inspection and monitoring system...Read More
General Motors is boosting efforts to secure lithium supplies, a crucial ingredient for electric vehicle (EV) batteries, by investing in Canadian battery recycling company Lithion Recycling Inc.The move creates a partnership between the world's second largest automaker and the Quebec-based company to pursue a circular battery ecosystem using Lithion's technology. Financial details of the investmen...Read More
Amid an ebbing of mining investment sentiment as project proponents big and small take a pause and wait out decade-high inflation and high interest rates, West Africa is an outlier, emerging as a region where mine construction timelines are met, builds get completed under budget and discovery potential beckons more investment.The Northern Miner recently caught up with a handful of mineral explorer...Read More
We British are good at queuing, and most of us practice standing in line from an early age. This lifetime of training came to fruition during the four days leading up to the funeral of Queen Elizabeth II. The Secretary of State for Culture, Michelle Donelan, has estimated that over 250,000 people queued (for an average of eight hours and up to 18 hours) to see the Queen's coffin as she lay in stat...Read More
Silvercorp Metals (TSX: SVM) has published an updated technical report that outlines the mineral resources and reserves contained within the Ying property in Henan province of east-central China, and extends the mine life to 15 years.The report was prepared by AMC Mining Consultants (Canada) and covers all the mines in the Ying Property (also referenced as the Ying mining district), namely the SGX...Read More
Savannah Resources (AIM: SAV), the company trying to build western Europe's largest lithium mine in Portugal, said on Wednesday it had made progress towards fulfilling an additional step requested by regulators for the evaluation of its Environmental Impact Assessment (EIA).The company filed the original assessment for its flagship Barroso lithium mine in May 2020. Portugal's Ag??ncia Portuguesa d...Read More
Just as Canada is attracting key investments to build up its critical minerals infrastructure, a shortage of critical expertise could hinder the country's lofty ambitions.A case in point is the burgeoning battery hub of B?(C)cancour, Que., where new developments could end up competing for skilled labour.In that southern Quebec city, just east of Trois-Rivi??res, GM and Posco are planning to build...Read More
Canada's largest diversified miner Teck Resources (TSX: TCK.A/TCK.B; NYSE: TCK) said on Wednesday it expects to lose coal production of about 1.5 million tonnes due to a structural failure at its Elkview coal mine in British Columbia.The Elkview steelmaking coal mine will remain halted for one to two months, Teck noted, while repairs to the plant feed conveyor belt take place.When also factoring...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) and Australian exploration and development company Green Technology Metals (ASX: GT1) have entered into a strategic partnership to advance an integrated lithium chemical supply chain in North America. The collaboration agreement, announced by Lithium Americas in a news release on Tuesday, builds on the Vancouver-headquartered miner's $10-million investment...Read More
Canadian junior South Star Battery Metals (TSXV: STS; OTCQB: STSBD) is moving ahead with Phase 1 construction of its Santa Cruz graphite mine in Brazil, after receiving the permit from the municipality of Itabela, in Bahia state.The company said it had also held talks with the State of Bahia development agency and the Bahia industrial confederation as well as representatives from the port faciliti...Read More
Baselode Energy (TSXV: FIND; US-OTC: BSENF) has announced geochemical assay results for AK22-069, the latest and best hole to date from its now-complete 22,500-metre diamond drill program on the ACKIO uranium discovery, intersecting 0.9% U3O8 (uranium oxide) over 31 metres starting at 69.3 metres true vertical depth.The reported intersection includes 1.86% U3O8 over 12.5 metres at 79.7 metres...Read More
This week's episode features Global X director of research Rohan Reddy in conversation with host Adrian Pocobelli on macro, energy, industrial metals and precious metals. Reddy sees the markets as 'late-cycle', with strong lont-term fundamentals in uranium and lithium, and short-term opportunities in copper and silver.All this and more with host Adrian Pocobelli.Music Credits:"Rattlesnake Railroad...Read More
Canada's Bluestone Resources (TSX-V: BSR) said the results of a referendum held during the weekend that would ban mining in the Asuncion Mita municipality of Guatemala, where it is looking to develop its Cerro Blanco gold deposit, are unlikely to be enforced.The company also said illegal activities were observed during the referendum held on Sunday, and that the commission behind the vote against...Read More
Shares in Callinex Mines (TSXV: CNX) rose more than 15% today after the Vancouver-based company reported drilling results from its Pine Bay copper, gold, silver and zinc project in Manitoba. Drilling at the Rainbow deposit at Pine Bay, near Flin Flon, cut 33.7 metres of 4.29% copper, 0.22 gram gold per tonne, 4.63 grams silver per tonne and 0.31% zinc (or 4.6% copper equivalent) from 636.3 metres...Read More