Friedland, McEwen back Power Nickel’s oversubscribed $20M funding
Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent $20 million “oversubscribed” financing round backed by billionaire investor Robert Friedland and mining veteran Rob…
Stock Markets/Investing
US lithium clay projects secure backing despite extraction hurdles
The United States’ great hope for domestic lithium supply could lie in the massive-scale, long-life sediment-hosted deposits in its southwestern region. And even with tricky…
Azimut cuts high-grade lithium near Winsome’s Adina
New drill results from Azimut Resources (TSXV: AZM) confirm a wide and high-grade lithium zone on the Galinée property in the James Bay region of…
Nevada Copper on the auction block after filing for bankruptcy
Vancouver-based Nevada Copper (TSX: NCU) has started a sales process as a part of a restructuring announced this week, which included filing for bankruptcy and…
Ivanhoe Electric refutes Ma’aden share sale claims
Ivanhoe Electric (NYSE-AM, TSX: IE) addressed on Thursday what it said are misleading media headlines claiming that its joint venture partner, Saudi Arabian miner Ma’aden,…
Nevada Copper files for bankruptcy, names new boss
Cash-strapped miner Nevada Copper (TSX: NCU) has filed for bankruptcy protection under Chapter 11, kicking off a restructuring process that will halt its Pumpkin Hollow…
Fireweed Metals nets $41.7M Lundin-backed financing for Yukon crit-mins exploration
Fireweed Metals (TSXV: FWZ) has boosted a private placement to $41.7 million to fund this year’s exploration in the Macpass critical minerals district of Yukon….
SolGold inks contract for Ecuador’s biggest project
SolGold (LSE, TSX: SOLG) signed a decades-long deal with the Ecuadorian government for the country’s largest-ever mining project, the US$3.2 billion Cascabel copper-gold mine. The…
Nevada Copper plunges as financing stalls
Nevada Copper (TSX: NCU; US-OTC: NEVDF) “significantly scaled down operations” at its Pumpkin Hollow mine after it failed to secure funding and two board members…
Calibre expects Q2 output drop after pit wall slide, maintains full-year guidance
Calibre Mining‘s (TSX: CXB; OTCQX: CXBMF) shares closed unchanged on Wednesday after falling 4% the day before when it said second-quarter gold production will decline…
Australia directs Chinese crit-min backers to divest
Australia has ordered several China-linked investors to sell their 10.4% holding in rare earths project developer Northern Minerals (ASX: NTU) in a move similar to…
Taseko halts BC copper mine Gibraltar as workers strike
More than 500 workers went on strike over the weekend at Taseko Mines’ (TSX: TKO; LSE: TKO; NYSE: TGB) Gibraltar copper operation in central British Columbia,…