QazMoly nears $240M US funding for tungsten project in Kazakhstan
Kazakh company QazMoly said it could get as much as $240 million (C$328 million) in United States funding to develop its Drozhilov project in Kazakhstan if a deal can be…
Financing
MP Materials builds $1.25B Texas magnet plant
MP Materials (NYSE: MP) is due to break ground within days on a billion-dollar rare earth magnet manufacturing campus near Dallas. The $1.25-billion project, dubbed 10X, is expected to “dramatically…
Panama growth hinges on Cobre Panama restart: report
Panama’s economy grew 4% in 2025, and business leaders say reopening First Quantum Minerals’ (TSX: FM) Cobre Panama copper mine is critical to lifting growth to as much as 6%…
Hycroft Mining extends climb on Sprott share buy
Hycroft Mining Holding (Nasdaq: HYMC) soared for a second straight day Wednesday after a securities filing revealed that Canadian billionaire Eric Sprott has continued to buy the stock despite its…
Quick payback seen for Yukon’s Coffee gold project
Newmont (NYSE: NEM)-backed developer Fuerte Metals (TSXV: FMT; US-OTC: FUEMF) says it would need barely a year at current gold prices to recoup the C$983 million ($718 million) initial capital…
Andes Iron’s $2.5B Chile project hits fresh snag
A Chilean court of appeals has overturned a favourable court ruling in the long-running dispute over Andes Iron’s $2.5-billion Dominga iron ore and copper project, effectively sending the development back…
Faraday jumps on Lundin-, BHP-backed $100M deal
Faraday Copper (TSX: FDY) is raising $100 million (US$73 million) through a private placement backed by the Lundin Family Trusts and BHP Group (ASX: BHP) to fund the ongoing development…
Lundin Gold sells silver stream to LunR in $670M deal
Lundin Gold (TSX: LUG) said it will sell a silver stream on its Fruta del Norte mine in Ecuador in return for newly issued shares of LunR Royalties (TSX-V: LUNR)…
First Quantum’s Argentina copper mine valued at $5.9B
A new technical report on First Quantum Minerals’ (TSX: FM) Taca Taca copper-gold project in northwest Argentina shows the project’s value has more than doubled in five years thanks in…
Orla sees $1.3B value in Mexico underground mine
Orla Mining (TSX: OLA) (NYSE: ORLA) said a preliminary economic assessment (PEA) shows an underground mine at its Camino Rojo property in Mexico would extend the operation’s projected life and…
Vale to sell Manitoba nickel complex to investor group
Brazilian mining giant Vale (NYSE: VALE) is selling control of Manitoba’s Thompson nickel mine complex to a trio of investors that agreed to inject up to US$200 million ($280 million)…
Rio gains control of Nemaska, eyes $300M investment
Rio Tinto (ASX, LSE, NYSE: RIO) said it plans to invest more than $300 million (C$411 million) this year to expand its lithium business in Quebec after assuming control of Nemaska…