Nonferrous metals exploration budget down by 11% in 2020 – S&P report
The global budget for nonferrous metals exploration was $8.7 billion in 2020 down from the $9.8 billion registered in 2019.
Canada
Phase 2 of lithium-ion anode plant planned by Nouveau Monde
The front-end loading engineering (FEL-1) analysis for the second phase of Nouveau Monde Graphite’s (TSXV:NOU; OTCOX:NMGRF; FRANKFURT:NM9) lithium-ion anode project in Bécancour, Que., is complete. The study concludes that the…
Franco-Nevada posts ‘record’ results, grows royalty portfolio
The company has also announced that it has adopted a goal of at least 40% of diverse representation at the board and senior management levels. Last year, Franco-Nevada sold 521,564…
NexGen closes $150M bought deal for Rook I uranium
NexGen Energy (TSX: NXE; NYSE: NXE) has closed its previously announced $150-million bought deal financing. The company issued 33.4 million common shares at a price of $4.50 per share. The…
PDAC: Enormous opportunities to go green in Canada, says minister of industry
Canada is uniquely positioned to become a “global leader in electric vehicle manufacturing,” says Francois-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, in a fireside chat with Invest in…
Feds announce $7.1M for new wind turbines at Raglan mine
As part of its climate efforts, the federal government is providing $7.1 million to Tugliq Energy to help fund the installation of two more wind turbines at Glencore‘s remote Raglan…
Tudor Gold counts almost 20M equivalent oz. at Treaty Creek
The maiden resource for the Treaty Creek gold project in contains 19.4 million oz. gold equivalent in the Goldstorm and Copper Belle zones, says 100% owner Tudor Gold Corp. (FSE:TUC)….
Sabina raises $35M in bought deal
Developer Sabina Gold & Silver (TSX: SBB) has announced a $35-million bought deal financing led by BMO Capital Markets. The underwriters have agreed to purchase 18 million common shares of…
Canadian Palladium drills East Bull strike to 2.5 km near Sudbury
Recent drilling has defined a strike length of over 2.5 km at the East Bull palladium deposit, 90 km west of Sudbury, Ont. The property, on which Canadian Palladium Resources…
Sphinx buys former New Calumet zinc-lead-silver mine
Sphinx Resources (TSVZ:SFX) is buying 100% interest in the former New Calumet zinc-lead-silver mine in the Pontiac district of Quebec, about 10 km northwest of Bryson. The property, consisting of…
Barrick’s Bristow and Blackrock’s Hambro discuss ‘profits with purpose’ at PDAC
The 89th annual Prospectors and Developers Association of Canada convention kicked off yesterday a little differently – in an online format thanks to the ongoing coronavirus pandemic. The highlight of…
Labrador Iron releases PEA on construction-ready Houston project in Canada
A preliminary economic assessment from Labrador Iron Mines Holdings (US-OTC: LBRMF) on its 52%-held Houston project on the Labrador-Quebec border suggests a 12-year open pit producing 2 million tonnes per…