Uranium Energy to buy Rio Tinto’s Wyoming assets for US$175M
Uranium Energy (NYSE-AM: UEC) has agreed to buy Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) uranium assets in Wyoming, which include the fully-licensed Sweetwater plant and a portfolio of…
Financial Matters, M&A
SSR targets October restart at Seabee gold mine in Saskatchewan after forest fire
SSR Mining (TSX, Nasdaq: SSRM; ASX: SSR) is expecting to restart its Seabee gold operations in Saskatchewan in the second half of October after a forest fire halted activities last…
Ivanhoe Electric’s VRB Energy enters vanadium battery JV with Chinese firm
Ivanhoe Electric’s (TSX: IE; NYSE-AM: IE) cleantech subsidiary VRB Energy is forming a joint venture with a Chinese investment firm that will bring in a US$55-million investment and help scale…
CHART: Global mining and metals – a reality check
A new report by McKinsey’s energy and materials practice outlines a global mining and metals industry emerging from a few years of boom and bust and price fluctuations the consulting…
Gowest Gold preps to go private as Chinese investors hold almost half of shares
Gowest Gold (TSXV: GWA) is about to go private after the Ontario Superior Court of Justice approved a plan for shareholders to buy the company’s remaining shares. Under the plan,…
Yukon court OKs rare Indigenous bid for mine ownership
There could be landmark new life in the abandoned Minto copper-gold mine in the Yukon. The territory’s Supreme Court has approved a private bid by the Selkirk First Nation to…
Perseus ups stake in Guinea-focused Predictive Discovery to 19.9%
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is increasing its stake in Predictive Discovery (ASX: PDI), a BlackRock-backed company advancing the Bankan gold project in Guinea. The Perth-based…
Arcadium Lithium suspends Mt. Cattlin in Australia
Arcadium Lithium (NYSE: ALTM; ASX LTM), one of the world’s largest producers of the battery metal, plans to idle its Mt. Cattlin spodumene mine in Australia next year in another step…
Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking. The iron ore…
GM delays $330M Thacker Pass funding in latest sign of lithium slowdown
General Motors (NYSE: GM) has postponed a $330-million investment in Lithium Americas (TSX: LAC; NYSE: LAC), pushing the second tranche of their $650-million deal, announced in early 2023, to the…
Northern Graphite boosts production 59% despite financial challenges
Northern Graphite (TSXV: NGC; US-OTC: NGPHF), the continent’s only graphite producer, reported a 59% increase in production from the first to second quarter this year at its Lac des Iles…
Aura Minerals delays Matupá construction for more drilling to expand gold resource
Aura Minerals (TSX: ORA) (OTCQX: ORAAF) says it’s delaying construction of its Matupá gold project in Brazil for more exploration to “significantly” expand the company’s resources. The Canadian miner withdrew…