China’s Shenghe throws Vital Metals a lifeline
Chinese rare earth miner Shenghe Resources is acquiring new shares in Vital Metals (ASX: VML) for an initial A$5.9 million ($3.8 million), allowing the Australian miner to move forward with…
Australia, NZ & South Pacific
Rinehart buys 18% in Azure Minerals to block SQM takeover
Australia’s richest woman Gina Rinehart’s Hancock Prospecting said on Friday it had acquired 18% of Azure Minerals (ASX: AZS), in a strategic move aimed at checking Chilean lithium giant SQM’s…
Rinehart may block SQM’s $1B takeover bid of Azure Minerals
Australian billionaire Gina Rinehart, who recently thwarted Albemarle’s (NYSE: ALB) attempt to buy Liontown Resources (ASX: LTR), is now said to be evaluating ways to block Chilean lithium giant SQM’s A$1.6…
SolGold advances plan to sell flagship Ecuador copper project
SolGold (LSE: SOLG) said on Wednesday it’s making headway with the potential sale of its flagship Cascabel copper-gold project in Ecuador, as it has held talks with more than 20…
Petra Diamonds says supply curbs, India’s moratorium stabilizing market
Petra Diamonds (LSE: PDL) said on Tuesday that operations at its Cullinan and Finsch mines in South Africa, and the resumption of production at the Williamson mine in Tanzania, led…
SQM buys 30% stake in Australia’s Pirra Lithium
Chilean lithium giant SQM (NYSE: SQM) has agreed to buy a 30% interest in Australia’s Pirra Lithium, a junior launched in March from the combination of certain exploration assets in…
Atlantic Lithium gets go-ahead for Ghana’s first battery metal mine
Atlantic Lithium (ASX: A11) has the green light to develop Ghana’s first lithium operation after its local subsidiary received a mining permit for its flagship Ewoyaa project. The 15-year permit…
Ionic wins licence to mine rare earths in Uganda
Australia’s Ionic Rare Earths (ASX: IXR) on Friday secured a large-scale mining licence for its the Makuutu heavy rare earths project in Uganda. The permit was granted by the Ugandan Directorate…
IsoEnergy closes $36.6M private placement for uranium hunt
IsoEnergy (TSXV: ISO; US-OTC: ISENF) has closed its previously announced private placement raising $36.6 million to continue its hunt for economic uranium deposits. The company issued about 8.1 million subscription…
Paladin becomes sole owner of Michelin uranium project in Labrador
Shares in Australia’s Paladin Energy (ASX: PDN) rose Wednesday after the company announced it had increased its interest in the Michelin uranium project, in Labrador to 100% from 75% previously. As…
Codelco makes first foray into lithium with US$245M deal for Aussie developer
Chilean state-owned copper miner Codelco, the world’s largest copper producer, has reached a deal with Lithium Power International (ASX: LPI) to buy the Australian producer of the battery metal for…
Rio Tinto cuts Canadian iron ore guidance
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has once again cut iron production targets for its iron ore operations in Canada, citing extended plant downtime and conveyor belt failures. Output from…