Pentagon backs $150M Blue Moon tungsten restart
The U.S. Department of Defense is putting $450 million (C$626 million) into The Elmet Group (Nasdaq: ELMT), with $150 million earmarked for Blue Moon Metals’ (TSXV: MOON; Nasdaq: BMM) Springer…
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U.S. takes 10% Trilogy stake in Alaska push
The U.S. government has closed a $35.6-million (C$49.4-million) investment giving it about 10% of Trilogy Metals (TSX, NYSE-A: TMQ), deepening Washington’s direct involvement in developing the company’s copper-rich projects in…
Saudi Arabia touts mineralized uranium, rare earths find
Saudi Arabia has identified an estimated 110 million tonnes of mineralized material containing rare earths and uranium in the Medina region as the kingdom moves to develop nuclear power and…
Mining leads Carney’s $1T investor pitchbook
Mining projects dominate the investment prospectus Canadian Prime Minister Mark Carney will put before global investors in Toronto next week, reported to account for 63 of its 167 opportunities. LithiumBank…
Talon drops plan to build North Dakota mill for Tamarack
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)-backed developer Talon Metals (TSX: TLO; OTC: TLOFF) has dropped plans to build a mill in North Dakota to process ore from its…
EU scrutiny of Anglo-MMG nickel deal tests China stance
China-backed MMG (HKG: 1208) is urging European regulators to approve its $500-million (C$690 million) purchase of Anglo American’s (LSE: AAL) Brazilian nickel business in a case that could test how…
Hormuz nat-gas shock revives coal trade: IEA
Almost no coal passes through the Strait of Hormuz, but the Middle East conflict is nevertheless lifting coal trade and prices as restricted liquefied natural gas supplies push some power…
Mineral tracking a must for industry credibility: OECD
Better traceability of critical minerals like lithium and nickel can boost the credibility and integrity of the supply chain, a new report this week by the Organization for Economic Co-operation and…
Chile bill targets foreign cash for next mining boom
Chile is opening its capital markets to junior explorers as the world’s top copper producer and second-largest lithium supplier seeks more investment to fund new mineral discoveries. The Senate-approved bill,…
ACG buys project to boost copper output in Turkey
ACG Metals (LSE: ACG) is buying a Turkish mining licence that contains the Keşkek gold project to double annual copper-equivalent output at the company’s nearby Gediktepe mine to 40,000 tonnes. …
BHP, KGHM join forces in global hunt for copper
BHP (ASX, LSE, NYSE: BHP), the world’s largest miner, and KGHM Polska Miedź (WSE: KGH) are joining forces to hunt for new copper deposits globally as demand for the metal…
Galantas exits mired Omagh gold project in Ireland
Galantas Gold (TSX-V, LSE-A: GAL) has sold its remaining 20% indirect interest in Northern Ireland’s Omagh gold project to Ocean Partners UK for $5 million (C$6.92 million), completing its exit…