Canada’s new federal budget contained several measures impacting the mining industry including loan guarantees for Indigenous projects, increases in the capital gains tax and credits from mines to manufacturing for…
Western Copper and Gold (TSX: WRN; NYSE: WRN) is increasing a stock offering by 60% for its Casino copper-gold-molybdenum project in the Yukon. The bought deal increased to $40 million from…
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) says the planned reorganization of its four gold operations in South Africa could lay off 4,022 workers — 3,107 employees and 915 contractors. The company…
The Ontario government is helping fund Australia-listed Pioneer Lithium (ASX: PLN) for its Root Lake project in the province’s northwest. The Ontario Junior Exploration Program, which pays up to half…
I-80 Gold (TSX: IAU; NYSE: IAUX) shares fell by over 11% at market open Tuesday after it announced a $100-million equity financing. The units are priced at $1.65 each, comprising…
Perpetua Resources (TSX: PPTA; NASDAQ: PPTA) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for a potential debt financing of up to US$1.8…
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) says the Wenot project in Guyana could generate more cash in the first four years than its US$375 million construction cost. Annual after-tax free cash…
Construction timelines remain fuzzy but proponents are still optimistic two and half years into studying roads to serve the Ring of Fire critical minerals region in northern Ontario. Three all-season…
MP Materials (NYSE: MP) is being funded US$58.5 million from the United States government to finish building the country’s first integrated rare earth magnet plant, one that will supply General…
The federal government is extending its 15% mineral exploration tax credit for investors in flow-through shares for another year. The extension, expected to provide $65 million in support for exploration,…
Arguably, no one is more aware of the coming copper shortage than copper miners themselves. Glencore CEO Gary Nagle warned in late 2022 — just months before the company made…
Ontario’s new budget expands the critical minerals innovation fund by $15 million as the province prepares to enact streamlined mining permit approvals next week. The critical minerals innovation fund aims…
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