Rare Element Resources nears $553M funding for Wyoming project
The U.S. Export-Import Bank (Exim) has expressed interest in providing a loan of up to $553 million (C$763 million) for Rare Element Resources (US-OTC: REEMF) to develop its rare earths…
Articles by Canadian Mining Journal Staff
NexGen’s Rook 1 project to enter CNSC final stage approval, analysts cool on hearing delays
NexGen Energy’s (TSX, NYSE: NXE; ASX: NXG) Rook 1, Canada’s largest development-stage uranium project has reached the final stage of project approval, with the Canadian Nuclear Safety Commission (CNSC) setting…
First Nations slam ‘unacceptable’ iron ore project in western Labrador
A trio of First Nations in Quebec have jointly opposed Century Global Commodities’ (TSX: CNT) Joyce Lake iron ore project in western Labrador, while the company says it’s working on addressing…
Ontario OKs $90M to upgrade Ring of Fire region
Queen’s Park and Aroland First Nation have signed a multi-million-dollar agreement to plan a transmission line in the remote Ring of Fire area in the province’s north. The deal also…
Proposed BC rules threaten exploration: prospectors
Mining prospectors and policy specialists are warning that a new mineral claims consultation framework due to be adopted this spring by British Columbia could end up hurting exploration in the…
Fortuna posts record precious metals output in 2024
Fortuna Mining (NYSE: FSM; TSX: FVI) reported record production results for the fourth quarter and full year 2024 from its five operating mines abroad. For the whole of 2024, Fortuna…
Artemis starts Blackwater gold milling in BC
Artemis Gold (TSXV: ARTG) says it’s begun milling ore this week at the Blackwater mine in British Columbia as it prepares for an initial gold pour this month.The Vancouver-based company…
Savannah gains on larger lithium zone in Portugal
Savannah Resources (LSE: SAV), the British company behind the Barroso lithium project — Europe’s largest in spodumene — said new exploration results point to a larger deposit than previously estimated…
‘Robust mineralization’ at Valley in Yukon, Snowline says
Drilling by Snowline Gold (TSXV: SGD; US-OTC: SNWGF) continues to deliver strong results from this year’s drill program at its Valley deposit in eastern Yukon. The company is also updating…
Governments inject US$50M into Nouveau Monde Graphite for ore-to-battery plans
Nouveau Monde Graphite (NYSE: NMG; TSX.V: NOU) announced a US$50 million equity investment by the Canada Growth Fund (CGF) and the Quebec government – via its agent Investissement Québec –…
Roosen’s Cariboo gold project gets permits
Osisko Development (NYSE: ODV, TSXV: ODV) got all permits Thursday for its $588-million Cariboo gold project in central British Columbia, clearing the way for construction. The underground mine will produce…
F3 Uranium drills 4.5 metres of 50% U3O8 at JR zone
F3 Uranium (TSV: FUU; US-OTC: FUUFF) shares rose on Tuesday after it reported high-grade results from the “best hole drilled to date” in the JR zone at PLN property in northern…