OTC-listed Chilean Cobalt inks Glencore offtake deal
Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of…
cobalt
Friedland, McEwen back Power Nickel’s oversubscribed $20M funding
Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent $20 million “oversubscribed” financing round backed by billionaire investor Robert Friedland and mining veteran Rob McEwen. The Toronto-based junior said…
Sacked Nickel 28 CEO repays $3.2M
The CEO of a Canadian company with a small stake in a Papua New Guinea (PNG) nickel-cobalt mine is repaying about $3.2 million in shares and resigning from the board…
Chilean Cobalt lines up potential US$317M loan from EXIM Bank
The United States Export-Import Bank has signed a letter of interest to back Philadelphia-based critical minerals explorer Chilean Cobalt (US-OTC: COBA) with US$317.4 million in debt to restart the La…
Canada’s Cornish Metals to sell Nickel King asset
Cornish Metals (TSXV: CUSN; LSE: CUSN) is selling its Nickel King property in the Northwest Territories to Northera Resources for up to US$6 million to focus on advancing its flagship…
Ivanhoe Electric refutes Ma’aden share sale claims
Ivanhoe Electric (NYSE-AM, TSX: IE) addressed on Thursday what it said are misleading media headlines claiming that its joint venture partner, Saudi Arabian miner Ma’aden, planned to sell its shares…
Snapshot: Eight companies advancing projects in BC, the Prairies and the Far North
Canada is one of the best-endowed countries on Earth when it comes to minerals and has the skilled workforce needed to extract them. Here’s a look at eight companies active…
American Creek gains on $210M sale of Treaty Creek stake in BC
Shares in American Creek Resources (TSXV: AMK) shot up Friday on the news it entered into a non-binding letter of intent with private company Cunningham Mining to acquire all of…
Pink sea pigs, transparent sea cucumbers discovered in area targeted by deep-sea miners
A Pacific research expedition found transparent sea cucumbers, bowl-shaped sponges and pink sea pigs among other species in the same area where The Metals Company (NASDAQ: TMC) wants to harvest polymetallic…
Most energy and mining projects 20% in the red: study
Miners and energy companies are facing average budget overruns of 15% to 20%, which puts nearly US$1.5 billion of capital invested in energy transition-related projects at risk each year through…
US Congress to fund US$2M Pentagon study on deep sea mining
The Pentagon will explore the feasibility of refining ocean-floor minerals in the U.S., reports the Wall Street Journal.
JV Video: Ontario eager to feed new EV plants with local mines, says mines minister
Under its Building More Mines Act and Critical Minerals Strategy, Ontario has targeted $43 billion towards its electric vehicle supply chain. “Canadian miners, Ontario miners … we know how to…