Pan American sees lower Mexico mine expansion costs
Pan American Silver (TSX, NYSE: PAAS) unveiled a new preliminary economic assessment (PEA) that cuts the projected cost of expanding the La Colorada mine in Mexico by almost one-third while…
Financing
U.S. joins $1T mineral security consortium
The United States plans to commit $250 million towards a new investment vehicle aimed at securing critical mineral and energy supply chains, as Washington steps up efforts to counter geopolitical…
Nevada King surges as Centerra takes 9.9% stake
Canadian miner Centerra Gold (TSX: CG; NYSE: CGAU) is paying $10 million (US$7.3 million) for a minority stake in junior Nevada King Gold (TSXV: NKG; US-OTC: NKGFF) to boost its…
Atco backs Nunavut road project with $10M investment
Utilities and infrastructure company Atco (TSX: ACO.X) is investing $10 million (US$7.2 million) for a 40% stake in Inuit-backed West Kitikmeot Resources (WKR), which is developing a project that would…
China spent $120B to lock down critical minerals overseas: report
China has invested more than $120 billion in overseas mining and upstream processing since 2023, accelerating a state-backed push to secure the raw materials underpinning the global energy transition, says…
‘Critical minerals corridor’ seen linking mines, markets
Canadian property developer BMI Group says the clutch of industrial buildings it’s amassed in Ontario and Quebec could help strengthen Canada’s role in the battery supply chain by linking mines…
BHP starts $5B upgrade at world’s largest copper mine
BHP (ASX, NYSE, LSE: BHP) has kicked off the environmental permitting process for a new concentrator at its giant Escondida copper mine in Chile, a project valued around $5 billion…
Silver X raises C$69M in private placement
Silver X Mining (TSXV: AGX) has closed a convertible debenture financing of C$69 million to support its projects based in Peru. Under a brokered private placement, the Canadian silver miner…
Freeport seeks permit for $7.5B Chile copper expansion
U.S. miner Freeport-McMoRan (NYSE: FCX) has begun the environmental permitting process for a $7.5-billion expansion of its majority-owned El Abra copper mine in Chile. The project, owned 51% by Freeport…
Ontario funds up to $215K per early-stage project
Ontario is backing 68 early-stage exploration projects in new awards under a government funding program. The financing, delivered through the Ontario Junior Exploration Program (OJEP), will cover up to half…
Congo to OK first mine sale in US deal
The Democratic Republic of Congo (DRC) is reportedly ready to approve the sale of Chemaf to U.S.-based Virtus Minerals, advancing a strategic minerals partnership between Washington and the African nation…
Nouveau Monde Graphite scores $460M funding deal
Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) has secured almost enough financing for the next stage of its Matawinie project, which Ottawa has already referred to its Major Projects Office…