Germany to backstop Savannah’s spodumene lithium project in Portugal
Germany’s export credit agency Euler Hermes has signed a non-binding letter of interest for a project finance loan guarantee of up to US$270 million for…
Financing
Blue Moon acquires two brownfield copper projects in Norway for US$67M
Blue Moon Metals (TSXV: MOON) (OTCQB: BMOOF) says it’s buying two former copper-producing assets in Norway to diversify from its zinc project in California while…
ArcelorMittal blames EU policy gaps for greening delay
ArcelorMittal (NYSE: MT), the world’s second-largest steelmaker, is delaying plans for transitioning to low-carbon steel production, blaming insufficient policy clarity and support from the European…
Vedanta to invest US$2B in Saudi copper projects
Vedanta Copper, a subsidiary of India’s Vedanta, has announced plans to invest US$2 billion in copper-processing facilities in Saudi Arabia, a fresh boost to the…
Northvolt CEO steps down after bankruptcy filing
The chief executive of Northvolt, Peter Carlsson, has quit just 24 hours after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the…
Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
Solaris Resources (TSX: SLS; NYSE: SLSR) has hired Glencore’s (LSE: GLEN) former head of copper as its new CEO and advanced plans to move its…
Troilus Gold amasses US$1.3B in export credit agency loan guarantees
Troilus Gold (TSX: TLG; US-OTC: CHXMF) continues to receive the financial backing of global export credit agencies, this time from Export Development Canada (EDC), to…
Mali junta frees Resolute CEO
Resolute Mining (ASX: RSG; LSE: RSG) CEO Terence Holohan and two colleagues have been released from detention by Malian authorities, the company said on Thursday….
Troilus offered US$1B in European loan guarantees
Troilus Gold (TSX: TLG) has inked preliminary deals for US$1 billion in loan guarantees from Germany, Sweden and Finland to help restart a former copper…
BHP to spend up to US$14B in Chilean copper expansion
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has outlined its ambitious plans to boost copper production in Chile, aiming to increase output by 430,000 to…
Sayona, Piedmont to create lithium giant in US$623M merger
Australia’s Sayona Mining (ASX: SYA) is buying U.S.-based Piedmont Lithium (ASX: PLL; NASDAQ: PLL) in an all-stock deal that will consolidate their Canadian operations and boost the…
Gold looks good on Trump tariffs, tax cuts
Donald Trump’s presidential win is likely to be gold positive in the medium term, according to John Reade, chief market strategist for the World Gold…