Investors should heed growing supply after uranium’s recent runup
Uranium prices surged from just over US$50 per lb. in April 2023 to more than US$100 per lb. by January 2024. Since then, there has been a moderate pull-back; uranium…
Canada
World Bank tribunal rules against Canada’s Montauk in dispute with Colombia
A World Bank tribunal has ruled in favour of Colombia in a feud with Canada’s Montauk Metals (TSXV: MTK). A mining ban imposed by the Gustavo Petro administration on the…
Canada adds high-purity iron, phosphorus, silicon metal to critical minerals list
Natural Resources Canada has made three additions to the country’s critical minerals list. High-purity iron used in green steel making and key to decarbonization; phosphorus, which is essential for batteries…
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…
Fireweed Metals nets $41.7M Lundin-backed financing for Yukon crit-mins exploration
Fireweed Metals (TSXV: FWZ) has boosted a private placement to $41.7 million to fund this year’s exploration in the Macpass critical minerals district of Yukon. The share offering supported by…
Red tape is top threat facing BC mining industry: PwC
Critical metals are a key economic driver for British Columbia’s mining industry, but government regulation, interest rates and inflation threaten opportunities, accounting firm PwC says in a new report. Green…
Hudbay, unions reach deal for Arizona copper project
Canada’s Hudbay Minerals (TSX, NYSE: HBM) has reached a labour agreement with union leaders to construct the Copper World mine in Arizona. The agreement marks a key step in the…
Ranchers to fight coal bid in Alberta court
Applications to drill for metallurgical coal in southwestern Alberta are pitting ranchers against an exploration company backed by Australian mining billionaire Gina Rinehart. Calgary-based Northback Holdings, a subsidiary of Rinehart’s…
Maritime’s Hammerdown set for re-start decision
Maritime Resources TSXV: MAE; US-OTC: MRTMF) says it has all major permits to restart the former Hammerdown gold mine in Newfoundland and Labrador. The company has completed clean up at…
B2Gold nets US$90M stake in Versamet after royalty package sale
Canadian gold major B2Gold (TSX: BTO; NYSE-AM: BTG) has agreed to sell a portfolio of 10 precious and base metals revenue shares to Sandbox Royalties, to be renamed Versamet Royalties,…
Atlantic Mining sees Touquoy mine as green energy hub
Atlantic Mining Nova Scotia, a subsidiary of St Barbara (ASX: SBM), has kicked off a program to explore the feasibility of converting the now closed Touquoy gold mine in Moose…
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…