Aether raises US$49M to extract lithium using AI
American start-up Aether said on Wednesday it has raised US$49 million to scale its AI and machine learning-based platform aimed at helping miners extract critical metals in a more resource-efficient…
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Chaarat Gold sells Kapan mine in Armenia for US$54.5M
Chaarat Gold Holdings (LSE: CGH) is selling its only operating mine, Kapan, for US$54.5 million ($73.4 million) to Armenian miner Gold Mining Company. The miner, which once tried buying Centerra’s Kumtor…
Barrick CEO criticizes western funds’ shortsightedness, adds praise to Saudi’s PIF
Western fund managers should follow in the footsteps of sovereign wealth funds that are investing in mining projects in some of the world’s riskiest jurisdictions, Barrick Gold (TSX: ABX; NYSE:…
Drilling at Probe Gold’s Monique project returns grades of up to 10 grams per tonne
Probe Gold (TSX: PRB; US-OTC: PROBF) says results from 37 drill holes, totaling 10,772 meters, have returned significant gold intercepts from surface to 425 meters vertical depth at the Monique…
Podcast: Why oil companies are interested in lithium, ft Zelandez CEO Gene Morgan
This week’s episode features Zelandez CEO Gene Morgan in conversation with host Adrian Pocobelli on the challenges related to lithium extraction. Morgan, whose company is a lithium brine service provider,…
Erdene to pour first gold at Mongolia mine in 2025
Erdene Resource Development (TSX: ERD) said on Tuesday it expects to pour first gold at its Bayan Khundii project in southwestern Mongolia in late 2025, when it will become one…
Lucara Diamond to replace CEO Eira Thomas
Lucara Diamond (TSX: LUC) announced Monday the company will appoint William Lamb as president and chief executive officer and a director, replacing Eira Thomas. Thomas co-founded Lucara in 2007, with…
New Found Gold explores use of Maritime’s processing facility for early production
New Found Gold (TSXV: NFG; NYSE-A: NFGC) is considering taking its Queensway project in Newfoundland and Labrador into early production using the nearby gold processing facility held by Maritime Resources…
Surprise: mine spending grows in Mexico despite new law, Obrador’s populist tilt
What’s happening in Mexico? Corporate mining project investments soared this year in the world’s largest silver producer even as the government targeted companies in a tough new law a year…
The Metals Company stock surges on US$27M capital raise
The Metals Company (NASDAQ: TMC), an explorer of lower-impact battery metals from seafloor polymetallic nodules, has announced a registered direct offering that would see the company raise gross proceeds of…
Hochschild Mining sees 300,000 oz per year potential in Chile gold project
Hochschild Mining (LSE: HOC) said on Monday it has completed a reevaluation of its Volcan gold project in Chile, which it added to its portfolio in 2012 with the acquisition…
Vision Blue injects US$40M into PNG lime project
Vision Blue Resources (VBR), a U.K. investment fund focused on battery and technology metals, has agreed to pay US$40 million ($53.8 million) to junior Mayur Resources (ASX: MRL) for a…