New Found Gold finances $205M for Queensway
New Found Gold (TSXV: NFG; US-NYSE-A: NFGC) says it has locked down $205 million in equity and debt financing for its Queensway development in Newfoundland. The mining company structured the…
Articles by Canadian Mining Journal Staff
Gold Basin fires CEO for alleged misconduct
Gold Basin Resources (TSXV: GXX; US-OTC: GXXFF), a junior explorer where Canex Metals (TSXV: CANX) is reasserting control, terminated president and interim CEO Charles Straw last month, alleging serious misconduct…
Indigenous engineer leads revived mining association
A First Nation engineer has been named president of the Canadian Aboriginal Minerals Association as the group relaunches after a pandemic-era hiatus amid rising Indigenous participation in mining. Kaella-Marie Earle,…
Quebec port plans $200M expansion
Ottawa has cleared a $200-million wharf expansion at the Port of Bécancour in Quebec that would allow larger bulk carriers to serve Canada’s mining sector, though no construction timeline has…
Denison’s Phoenix uranium project lands final permit
The Canadian Nuclear Safety Commission (CNSC) has approved Denison Mines’ (TSX: DML) environmental assessment and other permits, opening a pathway for the company to begin construction of its Phoenix/Wheeler River…
Energy Fuels buys ASM in $300M rare earths deal
Energy Fuels (NYSE: UUUU; TSX: EFR) is to acquire rare earth metals producer Australian Strategic Materials (ASX: ASM) in a share deal valued at US$299 million. Energy Fuels shares rose. …
Sumitomo’s first Frotet resource shows 5-gram gold
Kenorland Minerals (TSXV: KLD; US-OTCQX: KLDCF) says an inaugural inferred mineral resource for the Regnault gold deposit at northern Quebec’s Frotet project shows average grades of 5.47 grams per tonne.Regnault…
Sagamok Anishnawbe, KGHM sign Victoria IBA
Sagamok Anishinawbek First Nation and Poland’s KGHM International have signed an impact and benefit agreement (IBA) for the Victoria mine project after more than a decade of collaboration. Located roughly…
Tahltan back Skeena’s Eskay Creek gold project in B.C.
The Tahltan Nation has voted to support the impact benefit agreement (IBA) ensuring significant financial participation in Skeena Gold & Silver’s (TSX, NYSE: SKE) Eskay Creek gold-silver project in British…
Quebec to introduce faster environmental reviews
The Quebec government plans to change its environmental assessment procedures – which could affect the mining sector – by cutting timelines potentially in half. Environment Minister Bernard Drainville announced…
Canadians support mining despite Nimbyism: Survey
Canadians broadly support mining’s role in the energy transition but remain wary of new projects in their own regions, according to new national polling that highlights both opportunities and persistent…
Anglo-Teck deal hangs on redomiciling: Globe
The federal government is pressuring Anglo American (LSE: AAL) to become legally Canadian on top of moving its headquarters to Vancouver as it scrutinizes the British miner’s $50-billion (C$69-billion) bid…