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American Lithium announces maiden PEA for TLC project
2nd February 2023 The maiden preliminary economic assessment (PEA) for the Tonopah Lithium Claims (TLC) project, in Esmerelda, Nevada, has demonstrated the project’s potential to become a substantial, long-life producer of low-cost lithium carbonate (LCE). At 99.5% LCE purity, TLC has the potential to producer... →
Automaker GM makes $650m investment to build Thacker Pass lithium mine
31st January 2023 Automotive giant General Motors (GM) has made a $650-million investment in Lithium Americas, the developer for the Thacker Pass mining project in Nevada. This investment – said to be the biggest-ever by an automaker to produce battery raw materials – would support the development of the... →
Canadian govt invests $100m in Jansen potash mine
31st January 2023 Innovation, Science and Industry Minister François-Philippe Champagne on Monday announced a $100-million investment through the Strategic Innovation Fund to support BHP’s $7.5-billion potash project. This mine, located in Jansen, Saskatchewan, is expected to generate the lowest direct emissions... →
Teck forecasts big jump in copper output this year
31st January 2023 Canadian miner Teck Resources has missed its production guidance for copper in 2022, but the company has set its sights on significantly higher output this year, as its new mine in Chile continues to ramp up. Copper production in 2023 will be in the range of 390 000 t to 445 000 t. The Quebrada... →
New integrated plan reveals Kamoa-Kakula’s true long-life nature – Friedland
30th January 2023 The newly published integrated development plan (IDP) of the Kamoa-Kakula operation in the Democratic Republic of Congo (DRC) has revealed the “true, long-life nature” of the complex that will produce high-grade copper metal for the better part of this century. The updated IDP consists of a... →
Cinovec lithium project declared strategic
30th January 2023 The share price of European Metals gained 11% on Monday, as the company announced that its Cinovec lithium project, in Czech, has been classified as strategic, which means that it has priority for grant funding from the Just Transition Fund (JTF). The JTF supports European Union regions relying... →
Receiver appointed for Trevali’s Caribou assets
27th January 2023 The Supreme Court of British Columbia has appointed FTI Consulting Canada as receiver, without security, of the assets of the base metals firm Trevali’s Caribou mine. The embattled base metals miner in August suspended operations at Caribou and halted plans to expand its Rosh Pinah mine, in... →
Champion mulls $470m project to upgrade Bloom Lake product
27th January 2023 Canada-based Champion Iron is mulling a $470.7-million investment for a direct reduction pellet feed (DRPF) project at Bloom Lake, Quebec, which will further contribute to reducing emissions in the steelmaking process. The project will upgrade Bloom Lake’s iron-ore concentrate to a DRPF-quality... →
Vision Blue, Energy Minerals Group inject $150m into Brazil rare earths developer
27th January 2023 Brazil rare earth element (REE) company Serra Verde is fully funded to advance its Brazil mining and processing operation to production, with a $150-mllion investment by Vision Blue Resources and the Energy and Minerals Group (EMG). Serra Verde, a Denham Capital portfolio company, will produce a... →
Probe Gold graduates to TSX
26th January 2023 Exploration company Probe Gold will graduate to the TSX on January 27. The company previously traded on the TSX-V. Probe states that its graduation to the TSX is a testament to its corporate and project growth. →
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