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…
Financing
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…
Orion’s largest fundraising lifts total past $9B
Orion Resource Partners has completed the final close of its Mine Finance Fund IV at $2.2 billion, representing its biggest fundraising to date. Pension funds, sovereign wealth funds and other…
US launches $500M boost to mineral processing
The U.S. Department of Energy (DOE) plans to provide up to $500 million in funding to expand domestic critical minerals processing and battery materials manufacturing and recycling, as Washington seeks…