Infinitum Copper plans IPO in January; advances Adelita project in Mexico
With an “A” team of technical advisors, Infinitum Copper has big plans for its Adelita copper project in Mexico, and plans to list on the Toronto Venture Exchange early next…
Copper
Ivanhoe Mines strikes streams and offtake agreements for Platreef
Ivanplats, the South African subsidiary of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), has struck two stream financing deals with Orion Mine Finance and Nomad Royalty for its Platreef palladium-rhodium-platinum-nickel-copper-gold project…
Dolly Varden Silver to acquire Fury Gold Mines’ Homestake Ridge project
Dolly Varden Silver (TSXV: DV; US-OTC: DOLLF) is acquiring Fury Gold Mines’ (TSX: FURY; NYSE-AM: FURY) Homestake Ridge gold and silver project in British Columbia’s Golden Triangle in a cash…
MMG to shut down Las Bambas copper mine by mid-December
Chinese miner MMG will end copper production from its Las Bambas mine in Peru by mid-December following months-long road blockades that have prevented essential supplies from reaching the operation, forcing…
Midland Exploration options Tete Nord nickel-copper property to Rio Tinto
Midland Exploration (TSXV: MD) is optioning its Tete Nord nickel-copper property near the town of La Tuque in Quebec to Rio Tinto Exploration Canada. Under the agreement, Rio Tinto Exploration…
Clean Air Metals’ PEA rates Thunder Bay North NPV at $378M, IRR at 29.8%
Clean Air Metals (TSXV: AIR; US-OTC: CLRMF) has released a preliminary economic assessment for its 100%-owned Thunder Bay North project putting the after-tax net present value with a 5% discount…
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Turquoise Hill okays Oyu Tolgoi US$75M bridging budget
Turquoise Hill Resources (TSX, NYSE: TRQ) has approved a bridging budget of US$75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the…
UPDATED: Capstone Mining, Mantos Copper to merge
Canada’s Capstone Mining (TSX: CS) and Chile-focused Mantos Copper, run by British investment firm Audley Capital Advisors and Orion Mine Finance, are merging to form a new copper producer called Capstone Copper….
Feds, BC government launch climate resilience committee in wake of devastating floods
The federal and B.C. governments have formed a new committee to address climate resilience in British Columbia following the devastating flooding, mudslides, and damage to highways and rail infrastructure in…
TSX tumbles, Nov. 22-26
The S&P/TSX Composite Index fell 1.99% or 429.10 points to finish the November 22-26 trading week at 21,125.90 points. The S&P/TSX Global Mining Index was down 0.76% or 0.76 points…
Rio Tinto grabs 51% stake in Janice Lake copper-silver project in Saskatchewan
Rio Tinto Exploration Canada (RTEC) is set to become the majority owner of Forum Energy Metals’ (TSX-V: FMC) Janice Lake copper-silver project in Saskatchewan, Canada, the Vancouver-based company said on…