Eldorado funds Brixton Metals’ BC gold quest
Mid-tier producer Eldorado Gold (TSX: ELD) is pledging nearly $6.5 million to advance Brixton Metals‘ (TSXV: BBB; US-OTC: BBBXF) search for the source of river gold that once produced a…
Financing
Agnico expands First Nordic stake to 13%
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Canada’s largest miner by market value, is investing $8.2 million to advance First Nordic Metals‘s (TSX-V: FNM) Oijärvi gold project that Agnico used…
Marimaca Copper gets $68M injection from South Africa’s Assore
Chile-focused Marimaca Copper (TSX: MARI) said on Tuesday that South Africa’s Assore Group, is investing $68 million in the company through its subsidiary Assore International Holdings. Marimaca, which owns the…
SolGold signs US$750M gold stream deal for Ecuador project
Franco-Nevada (TSX: FNV NYSE: FNV) and Osisko Gold Royalties (TSX: OR, NYSE: OR) have agreed to provide US$750 million in funding to SolGold (TSX: SOLG; LSE: SOLG) for its Cascabel…
Orezone lands US$105M to expand Bomboré gold mine
Orezone Gold (TSX: ORE; US-OTC: ORZCF) has secured US$105 million in funding commitments to expand its flagship Bomboré gold mine in Burkina Faso, which achieved commercial production in late 2022….
No cyanide risk to drinking water after Victoria Gold accident, Yukon government says
Drinking water is safe to consume after the heap leach pad (HLP) accident last week at Victoria Gold’s (TSXV: GCX) Eagle mine in Yukon, a health official said Thursday, but…
Niger nixes GoviEx Uranium mining licence
Niger’s government revoked GoviEx Uranium‘s (TSXV: GXU; US-OTC: GVXXF) mining licence after it failed to start the Madaouela mine, one of the world’s largest projects for the nuclear fuel, by…
Kinross invests in Wyoming-focused gold junior
Kinross Gold (TSX: K; NYSE: KGC) has acquired 9.9% of Wyoming-focused explorer Relevant Gold (TSXV: RGC; US-OTC: RGCCF) which is advancing the Golden Buffalo project. The major spent $1.5 million…
Aus gold miner Ramelius refinances for $160M in debt
Australian gold miner Ramelius Resources (ASX: RMS) has secured a A$175 million ($160 million) revolving debt facility, along with government grants, to fund its operations and recent acquisitions. Banks including Australia and…
Rio Tinto puts $16.9M into graphite developer Sovereign
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing A$18.5 million ($16.9m) to increase its stake in Australia’s Sovereign Metals (ASX: SVM; LSE: SVML), which is advancing the Kasiya rutile-graphite…
Dead Solaris deal has cash-strapped Canadian miners considering the door
Some of Canada’s leading mining law firms say their clients are considering leaving the country because the federal government’s clampdown on Chinese investment has closed off an important funding lifeline. …
NextSource looks to tap Saudi perks for US$280M graphite anode plant
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) says it will cost US$280 million to build a new graphite anode plant in Saudi Arabia for electric vehicles as the company expands globally. The…