Tactical raises up to $140M for Texas rare earths project
Tactical Resources (TSX-V: RARE; US-OTC: USREF) said U.S. asset manager Yorkville Advisors Global agreed to provide up to $140 million (C$196 million) in financing – a move that will help…
Articles by FREDERIC TOMESCO
Solaris values Ecuador copper mine at $4.6B
Swiss mine developer Solaris Resources (TSX: SLS; NYSE: SLSR) says a prefeasibility study shows its Warintza copper-gold project in southeastern Ecuador would generate an after-tax net present value of $4.6 billion (C$6.4…
US plan to boost Africa mining ties needs work: analyst
Recent United States initiatives aimed at developing closer ties with resource-rich African countries to break China’s stranglehold on critical minerals processing are still a long way from paying off, according…
Montage boosts resource at Côte d’Ivoire’s Koné project
Canadian mine developer Montage Gold (TSX: MAU, OTCQX: MAUTF) says an exploration update for its Koné project in Côte d’Ivoire shows increases in both indicated and inferred resources since the…
Electra restarts construction at Ont. cobalt refinery
Electra Battery Materials (TSX-V, Nasdaq: ELBM) said it’s resumed construction at its Ontario cobalt sulfate refinery after securing about $82 million (C$115 million) in project financing. The stock soared. Work…
Aya values Boumadine in Morocco at $3B with spot gold
Canada’s Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) said a preliminary economic assessment (PEA) for its Boumadine polymetallic project in Morocco shows the company would need barely a year…
Gold Fields pays $50M for 12% of Founders Metals
Gold Fields (NYSE, JSE: GFI) agreed to pay about $50 million (US$36 million) to become the biggest shareholder in Founders Metals (TSXV: FDR; US-OTC: FDMIF), which is developing the Antino…
Canada backs critical minerals projects worth $6.4B
Canada’s federal government unveiled plans to support 25 new investments it says will help to unlock some $6.4 billion (US$4.6 billion) of critical minerals projects tied to the production of…
Fortuna boosts underground potential in Côte d’Ivoire
Exploration drilling at Fortuna Mining’s (TSX: FVI; NYSE: FSM) Séguéla open-pit mine in Côte d’Ivoire improves the odds of an underground operation at the Sunbird deposit, the company said. Hole SGRD2434…
China to suspend new REE export controls for 1 year
China agreed to suspend a planned expansion of export controls on rare earth elements (REE) for a year after U.S. President Donald Trump struck a broad trade deal with his…
Osisko says Gaspé assays expand copper deposit
Osisko Metals (TSX: OM; US-OTC: OMZNF) said new drilling at its flagship Gaspé project in eastern Quebec yielded multiple occurrences of copper in the deposit’s core. Hole 30-1119 cut 46…
AbraSilver logs new high-grade gold hits at Diablillos
AbraSilver Resource (TSX: ABRA; US-OTC: ABBRF) said new drill results at its flagship Diablillos project in northwestern Argentina have expanded the high-grade gold zone east of the Oculto deposit. “Numerous”…