Explorers need majors to fund innovation: report
Explorers depend almost exclusively on established miners for innovation even though larger companies restrain their pioneering research, according to a new study. Almost 90% of…
Financing
Lundin, Sprott, Warke fund Highlander Silver for Peru
South America-focused Highlander Silver (CSE: HSLV) is netting $9.2 million from members of the Lundin family as well as Canadian mining billionaires Richard Warke and…
GoviEx plunges as Niger uranium project faces deadline
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) says it’s discussing with Niger’s military leaders how to avoid losing its Madaouela project licence if it fails to start the…
Lithium Americas seeks US$275M in share sale for Thacker Pass project in Nevada
Lithium Americas (TSX: LAC; NYSE: LAC) is raising US$275 million through a stock offering weeks after getting initial approval for a record government loan to advance…
Federal budget backs Indigenous mine projects with $5B while hiking capital gains tax for investors
Canada’s new federal budget contained several measures impacting the mining industry including loan guarantees for Indigenous projects, increases in the capital gains tax and credits…
Western Copper and Gold raises $40M for Casino project in Yukon
Western Copper and Gold (TSX: WRN; NYSE: WRN) is increasing a stock offering by 60% for its Casino copper-gold-molybdenum project in the Yukon. The bought…
Sibanye-Stillwater to axe 4,000 jobs in South African gold mines restructuring
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) says the planned reorganization of its four gold operations in South Africa could lay off 4,022 workers — 3,107 employees…
Ontario program funds Aussie lithium explorer Pioneer
The Ontario government is helping fund Australia-listed Pioneer Lithium (ASX: PLN) for its Root Lake project in the province’s northwest. The Ontario Junior Exploration Program,…
I-80 Gold stock drops on $100M public offering
I-80 Gold (TSX: IAU; NYSE: IAUX) shares fell by over 11% at market open Tuesday after it announced a $100-million equity financing. The units are…
Perpetua tapped for US$1.8B loan to develop gold-antimony mine in Idaho
Perpetua Resources (TSX: PPTA; NASDAQ: PPTA) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for a potential debt…
Omai Gold targets Wenot deposit in Guyana for quicker turnaround, CEO says
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) says the Wenot project in Guyana could generate more cash in the first four years than its US$375 million construction…
Proponents see northern Ontario’s Ring of Fire opposition melting like ice roads
Construction timelines remain fuzzy but proponents are still optimistic two and half years into studying roads to serve the Ring of Fire critical minerals region…