US, Orion, Abu Dhabi plan $5B mining fund
The United States government has teamed up with Orion Resource Partners and Abu Dhabi’s ADQ to create a $1.8 billion fund to invest in critical minerals – another step in…
Financing
G Mining greenlights $973M Guyana gold mine
Canada’s G Mining Ventures (TSX: GMIN; US-OTC: GMINF) said it’s going ahead with construction of the $973 million Oko West mine in Guyana that’s expected to start pouring gold in…
Electra ‘fully funded’ to build Ontario cobalt refinery
Electra Battery Materials (Nasdaq, TSXV: ELBM) says it’s now fully funded to complete the construction and commissioning of what would be the first cobalt sulphate refinery in North America. The…
Perpetua starts building $1.3B Stibnite gold-antimony mine in Idaho
Perpetua Resources (Nasdaq, TSX: PPTA) has begun early works construction at its $1.3 -billion Stibnite gold-antimony project in central Idaho, fast-tracked by the Trump administration as part of efforts to…
RANKED: Top 10 automakers by battery cobalt spending
Democratic Republic of Congo’s export quotas have lit a fire under cobalt prices and spending on the battery material is up 43% year on year despite ongoing thrifting. A surge…
Appian, World Bank unit start $1B critical minerals fund
U.K. private-equity firm Appian Capital Advisory is teaming up with the World Bank-owned International Finance Corporation (IFC) to start a $1-billion critical minerals, metals and mining fund that will be…
Petra Diamonds seeks $25M lifeline as market slumps
Africa-focused Petra Diamonds (LSE: PDL) has launched an £18.8-million (US$25-million) rights issue as part of a crucial refinancing strategy aimed at keeping the Africa-focused miner afloat during a severe downturn…
Government equity in miners becomes U.S. norm
The Trump administration is ratcheting up government ownership in mining companies that are nominally Canadian, raising questions about whether Ottawa plans similar investments. Trump has ordered his Department of War…
Fortuna soars on fast repay plan for Senegal gold project
Fortuna Mining (TSX: FVI; NYSE: FSM) says a preliminary economic assessment (PEA) for the Diamba Sud gold project in Senegal shows the Canadian miner could recoup its investment in less than…
McEwen Copper’s Los Azules eyes gain from RIGI
A feasibility study for McEwen Mining (NYSE, TSX: MUX) subsidiary McEwen Copper’s Los Azules project in Argentina outlines a mid-tier project that stands to potentially save millions of dollars in…
Titan soars as EXIM mulls $120M for graphite plant
Titan Mining (TSX: TI) shares surged to a historic high on news the U.S. Export-Import Bank (EXIM) is weighing potential funding of up to $120 million (C$167.3 million) that would…
G Mining eyes Guyana gold project decision this month
G Mining Ventures (TSX: GMIN; US-OTC: GMINF) said Monday it will decide this month whether to proceed with the Oko West project in Guyana after securing up to $537.5 million (C$753 million)…