Victoria Gold CEO says company won’t fold, contamination minor
Victoria Gold (TSXV: VGCX) says the danger of major contamination from its Eagle mine in the Yukon has passed and the company is financially solvent for now. CEO and president…
Financing
Big Oil seizes lithium opportunities
Mining companies could benefit in cash and technology as major fossil fuel companies such as ExxonMobil (NYSE: XOM), Occidental Petroleum (NYSE: OXY) and Equinor (NYSE: EQNR) invest in lithium, a potential lifeline amid…
Zambian copper goals face challenges despite billions pouring in
Zambia wants to increase copper output to 1 million tonnes by 2027 as billions of dollars in investments flow to the African country and the regional mining belt it’s part…
ACG opts for US$290M copper mine in Turkey after dead US$1B nickel deal
ACG Acquisition (LSE: ACG), founded by a mining executive who helped create aluminum giant Rusal, is taking another stab at green metals after a US$1 billion deal last year failed to…
Ramp surges on Sprott backing for Sask. project
Ramp Metals (TSXV: RAMP) shares gained more than a quarter of their value on Wednesday after gold bug Eric Sprott invested in the Saskatchewan explorer. Sprott is the lead investor in…
Heliostar gains on Mexican mines buy
Heliostar Metals (TSXV: HSTR; US-OTC: HSTXF) is again buying assets from the former Argonaut Gold to expand in Mexico. Its shares rose. Vancouver-based Heliostar is negotiating with lenders for a…
Montage Gold raises $180M from Zijin, Lundin for Koné project in West Africa
China’s Zijin Mining Group and the Lundin family are part of a $180 million capital raising to increase their stakes in Montage Gold (TSXV: MAU; US-OTC: MAUTF) and advance its…
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…
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….