Indonesia emerges as a cobalt powerhouse amid surge in demand
Demand for cobalt is set to more than double by 2030 to 388,000 tonnes as the electric vehicle (EV) sector shifts into overdrive, says a new Benchmark Mineral Intelligence report….
Metals and Minerals Markets
Faraday Copper PEA ‘scratches the surface’ with a US$2.7B, 32-year Copper Creek plan
Faraday Copper (TSX: FDY; US-OTC: CPPKF) has released a preliminary economic assessment (PEA) outlining a long-life project at its Copper Creek project in southern Arizona that could produce 51,100 copper-equivalent…
Tearlach confirms Gabriel lithium discovery in Nevada
The first rush assay results from Tearlach Resources’ (TSXV: TEA) initial drilling program on the Gabriel lithium project in Nevada have confirmed a discovery last year by Blackrock Silver (TSXV:…
Lumina’s Cangrejos ranks as 26th-largest global gold asset, according to new PFS
A new prefeasibility study on Lumina Gold’s (TSXV: LUM, US-OTC: LMGDF) Cangrejos gold-copper project in El Oro province, southwest Ecuador, substantially improves the large but low-grade project’s economics. The study,…
Namibia-focused Osino cuts best gold hit yet
Osino Resources (TSXV: OSI; US-OTC: OSIIF) has reported the best gold drill intercept in the company’s history at its Ondundu project in Namibia. Hole ONRC23-017 returned 109 metres grading 2.3…
How humanity’s conquest of space will depend on mining lunar water
With an eye to exploring Mars and beyond, space agencies worldwide are looking to mining to supply water, fuel and oxygen needed to send astronauts on longer missions. The target?…
Denison pushes ahead with Midwest uranium ISR study
Denison Mines (TSX: DML; NYSE: DNN) has received the thumbs up from the Midwest Joint Venture (MWJV) to complete more in-situ recovery (ISR) evaluation work at its 25.17% owned Midwest…
Cleveland-Cliffs forecasts Q2 headline earnings ‘multiple times higher’
U.S.-based integrated steelmaker Cleveland-Cliffs (NYSE: CLF) has signalled to the market it expects to report first-quarter 2023 revenues of about US$5.2 billion after it shipped 4.1 million net tons of…
General Motors to invest US$50M in lithium startup EnergyX
General Motors’ venture capital arm will lead a US$50 million financing round for EnergyX, which is developing a more efficient method to extract lithium from salt beds. According to company…
TSXV dips during Apr. 3-6 trading week
The S&P/TSX Venture Composite Index retreated by 8.33 points or 1.3% over the Apr. 3-6 trading session to end at 625.85. The TSXV’s top value gainer this week was NGEx…
Mixed fortunes for the American indexes during Apr. 3-6 trading week
The Dow Jones Industrial Average gained 211.1 points or 0.6% to 33,485.29 and the S&P 500 fell 4.29 points or 0.1% over the week to 44,105.02. Franco-Nevada was the top…
BofA turns bearish on lithium
New lithium supplies coming to market from at least six new projects in the next six months will exacerbate the price pressures the battery-making ingredient has been grappling with the…