Pembridge Resources in trading halt as it seeks liquidation
The trading of Pembridge Resources’ shares (LSE: PERE) came to a halt on Thursday after the embattled miner said the board had decided to place the firm into creditors’ voluntary…
News
Miners in Chile to pay more taxes as long-awaited reform approved
Chilean lawmakers have approved an amended mining royalty bill, in the works for almost two years, which will make companies operating in the country pay more taxes and royalties to…
New Tesla low-voltage system a ‘big deal’ for copper, says Musk
In front of an audience of investors, Tesla CEO Elon Musk made a presentation that was full of optimism during the 2023 Tesla shareholder meeting. Musk said the company is…
Neo Performance Materials preps to drill at Greenland rare earths project as CEO steps down
Canadian-based permanent magnet manufacturer Neo Performance Materials (TSX: NEO) is preparing for its first exploration program at its Sarfartoq rare earths project in Greenland, just as its CEO and founder…
Discovery-geared Collective pries more porphyry secrets from Guayabales
Since going public in May 2021, Colombia-focused Collective Mining (TSXV: CNL) has made four notable discoveries, including the Apollo high-grade porphyry system last June. Its share price has reflected its…
GoGold PEA projects 13-year mine life for Los Ricos North
GoGold Resources (TSX: GGD; US-OTC: GLGDF) has released a preliminary economic assessment (PEA) for its Los Ricos North open-pit silver project in Jalisco state, Mexico, that forecasts an initial capital…
De Beers merges two auctions as diamond sales disappoint
It sold $480 million worth of rough diamonds in the period between May 1 and May 16, 21% less than in the same period of 2022.
Wheaton adds Lumina’s Cangrejos project gold stream
Wheaton Precious Metals (TSX: WPM; NYSE: WPM) is adding a gold stream from Lumina Gold’s (TSXV: LUM) flagship Cangrejos project to its portfolio of assets, in a deal worth US$300…
First Quantum launches US$1B debt offering
First Quantum Minerals (TSX: FM) is offering US$1 billion in senior notes to repay existing loans and redeem previously issued notes. First Quantum’s stock was up 1.2% by 11:30 a.m….
Osisko cofounder Wares praises private equity, scolds debt financiers, nips NIMBYism
Osisko Metals (TSX: OM; US-OTC: OMZNF) is part of a rising trend tapping private equity to help build projects, but it’s wary of the growing role of “predatory” debt financing. …
Northern Miner Podcast: ‘We have to set ambitious goals’ — Mangrove Lithium CEO on meeting EV battery demand this decade
In this week’s episode, we are joined by Dr. Saad Dara, cofounder and CEO of Mangrove Lithium. Dr. Dara shares insights into the company’s innovative electrochemical lithium refining method, delves…
Chile to negotiate with lithium partners on case-by-case basis, says mining minister
Chile’s mining minister Marcela Hernando clarified the country had announced a strategy, not a policy.