Zijin invests $130M in Solaris and its Warintza copper project
An affiliate of China’s Zijin Mining Group is investing about $130 million in Solaris Resources (TSX: SLS; US-OTC: SLSSF) for a 15% in the company, which owns the Warintza copper…
South America
American Lithium PEA triples Falchani project value to US$5B
A preliminary economic assessment (PEA) for American Lithium’s (TSXV: LI) Falchani project in Peru has tripled its net present value (NPV) to US$5.1 billion over the 2019 estimate of US$1.5…
Does upside outweigh risks in copper-rich Chile?
Nationalization continues to be a hot topic in mining circles. As supply chains tighten and long-term demand drivers strengthen, resource-rich nations are looking to capture a greater share of their…
Lithium Chile scores huge concession in Argentina’s Arizaro Salar
Lithium Chile (TSXV: LITH; US-OTC: LTMCF) said Monday that its Argentine subsidiary Argentum Lithium has been awarded the largest concession block in the Salar de Arizaro. Argentum was one of…
Lithium price plummet due to continue
Lithium prices are expected to decline further because of rising supplies of the battery metal, subdued Chinese demand and a lacklustre American electric vehicle (EV) market. Australia, which mined about…
PEA gives Wealth Minerals’ Kuska lithium project 400,000-tonne output over 20 years
Wealth Minerals‘ (TSXV: WML; US-OTC: WMLLF) new preliminary economic assessment (PEA) for its Kuska lithium salar project in northern Chile outlines output of 20,000 tonnes per year over 20 years. …
Atico shares rise on 25-year extension of La Plata project in Ecuador
Shares of Atico Mining (TSXV: ATY; US-OTC: ATCMF) surged by 13% on Thursday after the company obtained a 25-year extension of the mining concession from the Ecuador government at its…
Barrick, Antofagasta to spend US$95M exploring for copper in Chile
Canada’s Barrick Gold (TSX: ABX; NYSE: GOLD) and Chilean miner Antofagasta (LSE: ANTO) have partnered up to explore for copper and other metals in the Alto del Carmen area of…
Top lithium miners eye partnerships with Chile’s government under new law
Some top lithium miners including China’s Tianqi Lithium Corp., South Korea’s LG Energy Solution and French critical mineral producer Eramet SA have met with Chilean government representatives in the past…
BMO cautions against excess gold sector royalty deals
A trend among gold developers to write royalties as a strategy to raise investor value amid a stifled financial market carries high risks, a new BMO Capital Markets report found…
Orea Mining to delay 2023 financial statements filing
Canadian gold explorer and developer Orea Mining (TSX: OREA; US-OTC: OREAF) said on Wednesday that it won’t file its financial results for the latest fiscal year on time due to…
Teck inks JV deals with AbraSilver and Condor Resources in South America
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) will be part of two new copper-gold joint venture projects in South America, its partners announced on Tuesday. In Argentina, a Teck subsidiary has…