IonicRE to raise $2m for demonstration plants, working capital

ASX-listed Ionic Rare Earths has received firm commitments to raise about $2-million by way of a share placement to provide working capital and to advance demonstration plant activities at both the... 

South Star upsizes private placement

Battery metals project developer South Star has increased the size of its previously announced nonbrokered private placement and will now raise gross proceeds of C$7-million. The upsized placement... 

Tantalex produces tin and tantalum from DRC plant

Canada-headquartered Tantalex Lithium has produced its first batch of tin and tantalum concentrates from its Titan plant, in the Democratic Republic of Congo (DRC). The first batch of 10 t of... 

Chiefs of Ontario calls for one-year moratorium on mining claims staking

The Chiefs of Ontario have called on the provincial government to impose a 365-day moratorium on the Mining Lands Administration System (MLAS) to stem the tide in mining claims staking. Ontario... 

Atlantic completes Stage 1 of its offtake partner process

Africa-focused lithium exploration and development company Atlantic Lithium has completed Stage 1 of its competitive offtake partnering process to secure funding for a portion of the remaining 50%... 

Resources community funding welcomed but more needed

The Queensland Resources Council (QRC) has welcomed the Queensland government’s allocation of A$118.2-million under the Resources Community Infrastructure fund towards projects in coal-producing... 

Metals Australia appoints new CEO to drive Canada graphite project

Battery metals exploration and development company Metals Australia on Thursday announced the appointment of mining engineer Paul Ferguson as CEO to drive the development of the Lac Rainy graphite... 

Giyani secures $10m of funding to progress K.Hill to a final investment decision

TSX-V-listed Giyani Metals has secured $10-million in funding from private equity fund ARCH Sustainable Resources Fund. The funding fulfils a key condition for the drawdown of a $16-million... 

Fortescue partners with Michigan to set up Detroit battery plant

Green energy, metals and technology company Fortescue Energy has partnered with the Michigan Economic Development Corporation (MEDC) to establish a battery plant in Detroit. MEDC announced this... 

Mountain Province sales fall on lower prices

Diamond miner Mountain Province on Tuesday reported a 15% year-on-year drop in full-year sales revenue. The Canadian miner sold 2.72-million carats at an average value of C$121/ct for total... 

Fresnillo achieves FY guidance

Mexican precious metals miner Fresnillo has achieved its full-year guidance of 105.1-million silver-equivalent ounces, with the company overcoming “many operational challenges”, reports CEO Octavio... 

FPX Nickel closes Sumitomo equity investment

Exploration and development company FPX Nickel has closed the private placement financing with new cornerstone investor Sumitomo Metal Mining, raising C$14.45-million. The proceeds of the private... 

Perseus confident of maintaining a strong operating performance for the full-year

Africa-focused Perseus Mining expects its strong operating performance to continue for the remainder of the financial year to end June 30, with production guidance for the full-year set at 491 000... 

TNC to send Cloncurry copper to Glencore

ASX-listed True North Copper (TNC) on Tuesday announced a partnership with commodities major Glencore, which will process concentrate from the Cloncurry copper project, in Queensland, at its nearby... 

Denison Mines awards C$16m Phoenix contract

TSX- and NYSE American-listed Denison Mines has awarded a C$16-million contract to consulting and engineering group Wood Canada for the completion of detailed design engineering for the in-situ... 

Centerra promotes Snyder to CFO

Gold mining company Centerra will promote Ryan Snyder to executive VP and CFO on April 8, to succeed Darren Millman, who is leaving to pursue another opportunity in the mining industry in... 

Laramide resumes EIS process for US uranium project

Exploration company Laramide Resources is reinitiating the review process of the draft environmental impact statement (EIS) for its La Jara Mesa uranium mine project in New Mexico, US. The TSX-... 

Koba to acquire uranium project from Havilah

The share price of ASX-listed Koba Resources jumped 12.5% on Monday, as the company announced a uranium acquisition deal with fellow listed Havilah Resources in South Australia. In terms of a... 

Toro raises cash for Wiluna uranium project

As global uranium markets continue to strengthen, Toro Energy on Monday announced a A$12.3-million boost to support development of its Wiluna uranium project, in Western Australia. The ASX-listed... 

BHP unveils second cohort for Xplor accelerator

Diversified mining group BHP has announced its second cohort of six companies, chosen from a pool of over 500 applicants, to join the BHP Xplor accelerator programme. The accelerator programme is... 

Dartbrook coal mine to restart after 18 years on care and maintenance

After 18 years in care and maintenance, the Dartbrook coal mine in the Hunter Valley is poised for a restart, Australian Pacific Coal (AQC) interim CEO Ayten Saridas announced on Monday. The... 

Angus Gold welcomes Wesdome as investor

TSX-V-listed Angus Gold has announced a C$4.64-million nonbrokered flow-through private placement, including an investment from Wesdome Gold Mines. The offering will consist of 5.5-million special... 

Labyrinth receives Canada tax credit

Australia’s Labyrinth Resources said on Friday it had received a tax credit of C$415 453 (about A$470 000) from Revenue Quebec, in Canada, stemming from its resources-related expenditure in the... 

Danakali warns about 'vulture' share purchase offers

ASX-listed Danakali has warned shareholders to be cautious about accepting offmarket offers for their shares, nothing that it has become aware of predatory activity by parties offering shareholders... 

OreCorp notes Perseus' meeting with Tanzania officials

Australia-listed OreCorp on Thursday confirmed that it had not received any proposal from fellow-listed Perseus Mining to acquire all of the shares in the company. Perseus did express an interest... 

WA1 lands A$40m for West Arunta exploration

Western Australia-based minerals company WA1 has received firm commitments for a placement to raise A$40-million for its flagship West Arunta gold and copper project. Under the placement, the... 

Elevate Uranium accelerates Namibia growth strategy

Australia-listed explorer Elevate Uranium is accelerating its growth strategy in Namibia, underscoring its confidence in the country’s uranium potential. The exploration company kicked off its... 

Perenti secures A$420m of contract extensions

Mining services company Perenti has announced that its underground mining businesses have been awarded contract extensions valued at A$420-million. This includes a 12-month, A$125-million contract... 

Seabridge applies to BC for ‘substantially started’ status for KSM

Dual-listed Seabridge Gold has applied to the British Columbia Environment Assessment Office (BC EAO) for ‘substantially started’ status for its 100% owned KSM project. Under the BC Environmental... 

Sumitomo makes strategic investment in FPX Nickel

Major nickel producer Sumitomo Metal and Mining (SMM) has made C$14.4-million strategic equity investment in FPX Nickel, underscoring the Vancouver-based junior’s view that its Baptiste project is... 

Global Uranium receives key permit for US project

North America-focused Global Uranium and Enrichment (GUE) has been granted its final permit for the start of exploration activities at its Tallahassee uranium project in Colorado, US. The approval... 

Pantoro to start Scotia underground development earlier than planned

ASX-listed Pantoro has decided to accelerate the start of development of the Scotia underground mine at its Norseman project, in Western Australia. Development of the underground mine is now... 

Patriot kicks off big lithium drill campaign at Corvette

TSX-V and ASX-listed Patriot Battery Metals has commenced the 2024 winter drill campaign at its Corvette property, in James Bay, Quebec, which the company says is the most aggressive to date. The... 

Taseko to accelerate construction activities at Florence

Vancouver-headquartered Taseko Mines will be accelerating construction activities at the Florence project, in Arizona, as the company concluded more financing for the mine. TSX-, NYSE American-... 

Cosmo Metals to acquire WA gold project

ASX-listed Cosmo Metals has signed a term sheet to acquire La Zarza Minerals, which holds the tenements comprising the Kanowna gold project (KGP), in Western Australia. Cosmo MD James Merrillees... 

Barrick meets FY gold and copper guidance

Canada-headquartered Barrick has achieved its 2023 production guidance, producing 4.05-million ounces of gold and 420-million pounds of copper last year. The 2023 output, however, is a reduction... 

Seventh consecutive year of production growth for Karora

The Beta Hunt and Higginsville mines, in Western Australia, have delivered a production record of 160 492 oz in 2023, capping the seventh consecutive year of production growth for Toronto-listed... 

FireFly reports ‘outstanding’ grades at Green Bay

Australia-listed FireFly Metals, formerly AuTECO Minerals, has reported “outstanding” high-grade copper and gold assays from its first drilling programme at the Green Bay project, in Canada. As... 

Alamos expands Quebec footprint with Orford acquisition

Toronto- and New York-listed Alamos Gold on Monday announced a definitive agreement on to acquire all of the issued and outstanding shares of TSX-V-listed Orford Mining Corporation. The... 

Dampier Salt sells WA salt operation for A$375m – Rio Tinto

Diversified miner Rio Tinto on Tuesday announced the sale of Dampier Salt’s MacLeod salt and gypsum operation in Carnarvon, Western Australia, to privately owned Leichhardt Industrials for...