Noront picks Wyloo’s latest offer, gives BHP five days to match
Noront Resources (TSXV: NOT) said today it has chosen to go with the latest bid put forward by Australian billionaire Andrew Forrest’s Wyloo Metals, but has given BHP (NYSE: BHP;…
Nickel
Future of Canada’s off-grid mines crucial to decarbonization, says MAC’s Brendan Marshall
Brendan Marshall is a Vice President, Economic and Northern Affairs, at the Mining Association of Canada (MAC) and works to advance the industry’s understanding of energy, climate change, taxation and…
IGO to buy Western Areas for A$1.1B amid soaring nickel demand
Australian nickel and lithium miner IGO (ASX: IGO) is buying rival Western Areas (ASX: WSA) in an all-cash deal valued at A$1.1 billion (about US$793 million), marking what could be…
Noront to negotiate with Wyloo on sweetened offer
Noront Resources (TSXV: NOT) said on Tuesday it plans to negotiate directly with Australian billionaire Andrew Forrest’s Wyloo Metals on the company’s sweetened acquisition bid, which has reignited a long-dragge-out…
Strong EV sales will buoy battery metal prices next year
Electric vehicle sales have surged nearly 90% so far this year and will likely jump by 40% year-on-year in 2022, economist Patricia Mohr tells The Northern Miner. The former vice-president…
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
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…
Asteroid “ideal for mining exploration” to enter Earth’s orbit next week
An asteroid as big as a football field that has been singled out by scientists as an ideal target for a mining exploration mission, will break into Earth’s orbit on…
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,…
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…