Myriad sells New Mexico uranium project for 6X return
Myriad Uranium (CSE: M; US-OTC: MYRUF) plans to sell its Red Basin project in New Mexico to a new mining tech venture and partner with it on other uranium exploration…
M&A
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…
Rio Tinto to delay Quebec lithium plant build
Rio Tinto (ASX, LSE: RIO) plans to slow the construction of its Nemaska lithium processing plant in Quebec due to rising costs, which could see its commissioning delayed, Bloomberg reported….
First Quantum sells Turkish mine for $340M
First Quantum Minerals (TSX: FM) will sell its Çayeli mine in Turkey to a company controlled by Cengiz Holding as the Canadian miner raises additional capital for its priority assets….
Editorial: The new feasibility
All the largest companies are doing it. Why shouldn’t Canada do it, too? The global mining industry has converged on a single idea: copper is the most important strategic metal….
Lynas-Japan deal ‘insulates’ from China rare earth prices
A revised deal between Australia’s Lynas Rare Earths (ASX: LYC; US-OTC: LYSDY) and Japanese customer JARE firms up supplies of heavy rare earths and creates a price floor as a…
Lundin spends $215M to boost Chile footprint
Lundin Mining (TSX: LUN) agreed to pay $215 million (C$292 million) to boost its majority stake in Chile’s Caserones copper mine and acquire a piece of the nearby Los Helados…
Gold M&A: Pan African to buy Emmerson for $219M
All-share transaction would unite partners at Tennant Creek and give investors exposure to a larger gold producer.
How Canada’s biggest iron project is almost unknown
In the remote wilderness of northern Quebec sits the largest iron ore project you’ve never heard of – MetalQuest Mining’s (TSX: MQM; US-OTC: MQMIF) Lac Otelnuk. Hosting 4.9 billion tonnes in proven and probable reserves grading 28.7%…
Interactive infographic: 25 years of global mining M&A
Click on the “view details” bars in the infographic to learn more about each era.
Kazakhstan rules spur Canadian uranium explorer exit
Laramide Resources (TSX, ASX: LAM), one of the few Western companies to explore for uranium in Kazakhstan in recent years, is leaving the country as regulatory changes tighten restrictions on foreign participation. State miner Kazatomprom (LSE: KAP) – the world’s top uranium…
USA Rare Earth to buy final Round Top stake for $73M
USA Rare Earth (Nasdaq: USAR) is to acquire the remaining minority interest in the Round Top rare earth deposit in Texas in a $73 million all-stock deal, securing full control…