Cobalt Holdings drops London IPO plans
Metals investor Cobalt Holdings has dropped plans to list this month on the London Stock Exchange, cancelling what would’ve been that market’s biggest initial public offering in mining since 2018….
Financing
Defense Metals eyes $250M loan for BC rare earths
Defense Metals (TSXV: DEFN) said Export Development Canada could lend up to $250 million (C$342 million) to help the company develop and build its main Wicheeda rare earth project in British Columbia. The…
SolGold to quit Toronto exchange, eyes ASX
Ecuador-focused SolGold (LSE, TSX: SOLG) has applied to voluntarily delist its ordinary shares from the Toronto Stock Exchange on June 18 because the amount of trading doesn’t warrant the cost….
Ioneer quadruples Nevada project reserves, costs double
Australia’s Ioneer (ASX: INR) has quadrupled ore reserves at its Rhyolite Ridge lithium-boron project in Nevada, sharply increasing both the project’s mine life and its development cost. The company’s flagship…
Lynas secures rare earth feed in Malaysia
Lynas Rare Earths (ASX: LYC; US-OTC: LYSDY), backed by Australian mining magnate Gina Rinehart, has secured additional feedstock for its advanced materials plant in Malaysia, the company says. The miner…
Japan floats rare earth cooperation with U.S.: report
Japan is looking to bolster its economic ties with the United States by establishing a partnership around critical minerals such as rare earths, local media reported. Japanese Prime Minister Shigeru…
Copper price must double to meet future mining needs — study
To meet the world’s future needs, copper prices must at least double their current levels in order to incentivize companies to build more mines, a study published in the latest…
Can silver mining meet green transition demand?
Silver’s unique industrial role in solar panels, electric vehicles (EVs) and grid infrastructure is pushing demand to record highs, but miners and analysts are at odds over how to address…
Fortuna buys 15% of Awalé Resources
Awalé Resources (TSXV: ARIC) has been given a $8.26 million (US$6 million) investment boost from Fortuna Mining (TSX: FVI; NYSE: FSM) to support its exploration activities in Côte d’Ivoire, sending…
Frontier feasibility lifts PAK lithium reserves by 37%
Frontier Lithium (TSXV: FL; US-OTC: LITOF) said a definitive feasibility study for the $943-million capex PAK project in northern Ontario boosted reserves by 37%. The study, which calculates a net present…
Anglo American’s platinum spinoff debuts as Valterra
Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), began trading as a standalone entity on the Johannesburg Stock Exchange on Wednesday, marking the official demerger from parent company Anglo…
Terra Metals, Metalex in $100M Zambia deal
U.S.-based critical minerals developer Terra Metals and resource investment firm Metalex Commodities have finalized talks on the creation of what they call a “new copper and cobalt production powerhouse” in…