Rio Tinto OKs US$6.2B Simandou iron mine
“The board yesterday approved the largest mining project in the world,” CEO Stausholm told Financial Times.
Financing
Metals Acquisition IPO Down Under goes over forecast
Metals Acquisition (NYSE: MTAL.U) has raised A$325 million ($285 million) through a new listing in Australia that will help pay for the billion-dollar purchase of the…
Capstone raises $431M to advance Chilean copper projects
Capstone Copper (TSX: CS; ASX: CSC) and major shareholder Orion Resource Partners, have closed a $431-million bought deal to support the copper miner’s near-term growth…
SQM looks to nurture lithium tech startups with accelerator program
Chile’s SQM (NYSE: SQM), the world’s second largest lithium producer, is calling startups with innovative solutions in the fields of water usage, lithium and electromobility to…
Cash crunch has junior miners feeling ‘despondent’
According to Mining Intelligence data, mining financings tumbled by around 13% last year, after falling a precipitous 45% the previous year. Numbers from the Prospectors…
Video: Power Nickel CEO sounds the alarm on naked short-selling
A battle for transparency and the survival of junior mining companies against market manipulation is playing out in real-time, Power Nickel (TSXV: PNPN; US-OTC: PNPNF)…
Video: Fundraising data reveal ‘bifurcated’ junior mining market
Despite the gloomy sentiment in the junior mining sector, Kai Hoffman, CEO of Soar Financial says last year was actually pretty good in terms of…
VIDEO: Ross Beaty on what’s next for junior miners as investors shun the space
Mining veteran Ross Beaty says he’s never seen a market like the current one, where gold and copper are at or near all-time highs, but…
Uranium Royalty cashes up to fund future deals
Uranium Royalty (TSX: URC; NASDAQ: UROY), the world’s only uranium-focused royalty and streaming company, is raising US$22.9 million to fund future royalty acquisitions as well…
Private equity firms are poised to invest billions in battery metals
Private equity firms say they will boost investments in battery metal projects this year as depressed company valuations, plunging commodity prices and slumbering stock market…
Fission wants to split uranium project costs with a partner in Saskatchewan
Fission Uranium (TSX:FCU; OTCQX: FCUUF) plans to fund the $1.5-billion Patterson Lake South project in northern Saskatchewan mostly with debt but it’s considering taking on a…
Former Fortescue execs launch green iron startup
Two former executives that worked at Fortescue’s clean energy initiatives, Michael Masterman and Bart Kolodziejczyk, have launched a startup that aims to cut carbon emissions…