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Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.
Toro expands Wiluna uranium and vanadium resources
Australian exploration and development company Toro Energy has expanded the stated uranium and vanadium resources at the Centipede-Millipede and Lake Way uranium/vanadium deposits by reducing the...
Chinese group to buy Dundee's Namibia smelter
Canadian miner Dundee Precious Metals (DPM) will sell its Tsumeb smelter, in Namibia, to Sinomine Resources for $49-million in cash. Tsumeb is one of the few smelters globally that can treat...
$3.2bn investment commitment for SolGold’s Ecuador project
London- and Toronto-listed SolGold has announced a complementary investment protection agreement (IPA) for the Cascabel project, in Ecuador. The signing of a joint declaration with the government...
Wilkinson announces C$15m to support Canada’s mining sector
Energy and Natural Resources Minister Jonathan Wilkinson has announced federal investments of more than C$15-million in projects to increase Indigenous participation and support the development of...
New board to spearhead Macro’s iron-ore push
Australia’s Macro Metals on Wednesday announced the appointment of an experienced board with a dedicated focus of developing its Pilbara iron-ore portfolio, sending the company’s stock surging on...
Adriatic opens new $250m mine in Bosnia
ASX-listed Adriatic Metals has officially opened the Vares silver and lead mine, in Bosnia and Herzegovina, with the newly constructed plant producing its first concentrate in late February. The...
Fortuna takes option over Turaco’s Tongon North project
West African miner Fortune Silver Mines has taken an option over an 80% interest in five granted exploration permits that make up Australian junior Turaco Gold’s Tongon North project, in Cote...
Dynamic Metals’ stock up on A$20m MinRes JV
The share price of Dynamic Metals surged 28% on Tuesday as the company unveiled a landmark A$20-million lithium-focused joint venture (JV) with Mineral Resources (MinRes). The nearby location of...
Red Rock selected as location for Ontario lithium refinery
Clean technology company Rock Tech has selected the former Norampac paper mill site in Red Rock as the location to develop Ontario’s first lithium refinery. Rock Tech, which is listed on the...
Lake Resources deepens cost-cutting actions
Lithium developer Lake Resources on Monday announced further cost reductions to extend its financial runway and better position the company to complete a strategic partner selection process for its...
Wolfsberg now Nasdaq-listed Critical Metals’ flagship asset
ASX-listed European Lithium has completed its business combination with Sizzle Acquisition to form Critical Metals, which started trading in the US earlier this week. The Wolfsberg lithium...
A$30m in commitments for Ora Banda’s Davyhurst
ASX-listed Ora Banda has received commitments for a A$30-million capital raise to advance its Davyhurt project, in Western Australia’s Eastern Goldfields region. The company received commitments...
C$134m gain in physical uranium pushes Denison to highest EPS in 17 years
Toronto- and New York-listed Denison Mines, which is advancing the Wheeler River project in the Athabasca basin, has reported its highest earnings a share since 2007. The company’s earnings a...
Peninsula seals uranium supply deal with European buyer
ASX-listed Peninsula Energy has announced a new sales agreement for the supply of 1.2-million pounds uranium yellowcake from its Lance projects, in Wyoming, to European nuclear fuel buyer Synatom....
Centaurus defers Brazil downstream refinery study
Amid a dramatic change in nickel market conditions over the past few months, Australia’s Centaurus Metals has deferred plans for a nickel sulphate refinery in Brazil and will instead focus on a...
Uranium surge to endure – Cameco CEO
The current bullish trend in the uranium market is not just a fleeting moment, uranium major Cameco CEO Tim Gitzel declared on Thursday, stating that the market is driven by global-scale factors...
Centrex secures A$10m for Ardmore mine
Phosphates and potash company Centrex on Thursday announced credit approval from National Australia Bank (NAB) for a A$10-million secured financing package designated for the Ardmore mine, in...
SSR retracts guidance for Çöpler, workers remain missing
Vancouver-based SSR Mining has retracted its previously issued 2024 and long-term guidance forecasts for the Çöpler mine, in Türkiye, following a significant slip on the heap leach pad earlier this...
Excess capacity to keep pressure on lithium prices, says SQM
New York- and Santiago-listed Sociedad Química y Minera de Chile (SQM) has posted a sharp drop in full-year earnings, despite lithium volumes reaching new record levels as spodumene concentrate...
Integra makes small, but strategic acquisition
Vancouver-headquartered Integra Resources has exercised an option to acquire 17 unpatented claims in the Rich Gulch area, which will provide the company with operational flexibility for future...
South32 exits coal with Australia’s Illawarra sale
Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that...
Trinex gains exposure to Canada’s Athabasca basin
Australia-based resources company Trinex Minerals has executed a binding letter of intent with TSX-V-listed ALX Resources to acquire an up to 75% interest in the Gibbons Creek uranium project, in...
Tanzania graphite project undeterred by shipping delays
Despite persistent and substantial shipping delays, commissioning of the Lindi Jumbo project – a new graphite mine in Tanzania – is progressing according to plan, Walkabout Resources MD And CEO...
Tasmanian miner plans to go underground at Savage River
Tasmanian miner Grange Resources is moving forward with execution planning and permitting for its A$891-million underground mine at its Savage River magnetite iron-ore operations south-west of...
SQM and Hancock’s bid for Azure gains competition law approvals
The A$1.7-billion joint bid by SQM and Hancock Prospecting for Australian lithium developer Azure Minerals has successfully secured all necessary approvals under competition law, it was announced...
Court victory for Sandfire’s Montana copper project
Copper developer Sandfire Resources America has been given the green light to proceed with the construction of its Black Butte project, after the Montana Supreme Court reversed a 2021 district...
Boss takes key growth step with completion of US acquisition
Australia’s Boss Energy has completed the acquisition of a 30% stake in the Alta Mesa in-situ recovery uranium project for $60-million in cash. The company acquired the interest in the project,...
Jervois shortlists locations for US cobalt refinery
Australia-based Jervois Gobal has identified two preferred locations for its bankable feasibility study (BFS) for a US-located cobalt refinery, with AFRY USA leading the initiative. The shortlisted...
Montage upsizes financing, makes leadership changes
Canadian precious metals explorer and developer Montage Gold on Friday announced an upsized private placement financing of C$35-million. The company, which is listed on the TSX-V, increased its...
Energy Fuels preparing two more US uranium mines for production
In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to...
AngloGold moves forward with studies for Nevada starter project
The board of multinational miner AngloGold Ashanti has given the green light for the North Bullfrog project’s feasibility study to progress into detailed engineering. This represents a crucial...
Perseus expresses interest in Newmont’s Ghana mine sale
Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont’s announcement on Thursday of...
Newly merged Arcadium Lithium slows pace of expansion
NYSE- and ASX-listed Arcadium Lithium – the company formed from the merger of equals between Livent and Alkem – has flagged a slowdown in the pace of its expansion plans in light of the current...
Eldorado lifts capex estimate for Greece mining project
Canada-based Eldorado Gold has increased the capital expenditure (capex) estimate of the Skouries project, in Greece, to $920-million, but between the project finance facility and balance sheet,...
Newmont puts six mines, two projects on the block
Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines...
Pilbara Minerals pauses dividend, cuts capex as it targets $200m in savings
Australia’s biggest pure-play lithium producer, Pilbara Minerals, has opted to withhold its interim dividend as the company moves to preserve its balance sheet strength in an environment of lower...
Record dividend for Northern Star as growth strategy delivers cash earnings boost
Australian gold miner Northern Star on Thursday declared a record interim dividend of 15c a share, complementing its A$300-million share buyback programme that remains open. Driven by higher gold...
Rio Tinto board approves Simandou investment
The board of Rio Tinto has given the nod to the Simandou iron-ore project, in Guinea, CEO Jakob Stausholm has revealed. The approval is contingent on meeting outstanding conditions, including...
Piedmont sells remaining Sayona stake
US-based lithium miner Piedmont Lithium on Wednesday announced that it would sell the rest of the shares it held in Australian miner Sayona Mining for A$59.9-million, or $39.4-million. The Nasdaq-...
Rio Tinto posts lower FY profit
Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion....
Iluka confirms cost blowout at Australian rare earths refinery
Critical minerals company Iluka Resources on Wednesday confirmed a major cost overrun at its Eneabba rare earths refinery, stating that the project would cost between A$1.7-billion and...
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