Blue Moon Metals launches C$60m bought-deal financing

Toronto-listed Blue Moon Metals has announced a C$60-million bought-deal public offering to fund development and exploration across its portfolio of polymetallic projects. The financing, led by... 

Gold Fields exits Galiano Gold stake in C$151m deal

Gold major Gold Fields has divested its entire holding in Toronto-listed Galiano Gold, selling 50.47-million common shares in a C$151.4-million transaction. The shares, representing about 19.5% of... 

Yellow Cake launches $125m placing to fund uranium purchase

London-listed Yellow Cake on Wednesday announced plans to raise about $125-million (£92.5-million) through a non-pre-emptive placing of new ordinary shares to fund the purchase of 1.33-million... 

Canyon secures A$215m funding to fast-track Cameroon bauxite project

ASX-listed Canyon Resources on Thursday announced a strategic funding package of about A$215-million to accelerate development of its Minim Martap bauxite project in Cameroon. The package... 

Moab lifts uranium resource at Manyoni project in Tanzania

ASX-listed Moab Minerals on Tuesday reported a 25% increase in contained uranium oxide (U3O8) at its Manyoni project in Tanzania after updating its mineral resource estimate (MRE) to Joint Ore... 

Forrestania secures ground next to Edna May

Gold and lithium explorer Forrestania Resources has struck a deal to acquire four granted exploration licences adjacent to the Edna May gold mine, in Western Australia’s Southern Cross region. The... 

Sage Potash PEA outlines $502m NPV, 39% IRR for Utah project

TSX-V-listed Sage Potash has delivered a positive preliminary economic assessment (PEA) for its Sage Plain potash project, in Utah’s Paradox basin, outlining an after-tax net present value (NPV) of... 

Duketon secures option on Boodanoo gold project

ASX-listed Duketon Mining has entered into an option agreement to acquire the Boodanoo gold project, located about 80 km south-south-east of Mount Magnet in Western Australia. The company said on... 

Newmont pours first gold at Ahafo North in Ghana

Gold major Newmont has achieved first gold at its Ahafo North project, in Ghana. The milestone, which was reached on September 19, marks a key step toward commercial production, which is targeted... 

Ioneer relocates CFO role to US as Bucknell steps down

ASX- and Nasdaq-listed Lithium project developer Ioneer on Monday announced the resignation of CFO Ian Bucknell, who is leaving the company in mid-December to pursue other interest. MD Bernard... 

Brightstar wins key approvals for Lord Byron at Laverton

ASX-listed Brightstar Resources has secured approvals from Western Australia’s Department of Mines, Petroleum and Exploration for its Lord Byron openpit, clearing the way for the project to start... 

Perpetua wins US Forest Service approval to start Idaho mine development

Exploration and development company Perpetua Resources has secured a key US Forest Service authorisation to begin development of its Stibnite gold and antimony project in Idaho, clearing the way... 

Utah Road upgrade delivers safer, stronger Pilbara freight link

Pilbara Ports has completed Stage 5 of the Utah road pavement rehabilitation project, delivering a key upgrade to one of Western Australia’s busiest freight corridors. The A$11.8-million works,... 

Prieska, climate goals and green ammonia make headlines

Mining Weekly Editor Martin Creamer discusses Glencore's plans to provide financing and an offtake term sheet for Orion Minerals' Prieska copper mine, in the Northern Cape; South Africa receiving a... 

Capstone restores full output at Mantoverde after motor failure

Canadian miner Capstone Copper has resumed full sulphide copper production at its Mantoverde mine in Chile, following repairs to a ball mill motor that had left the site running at half capacity... 

Surge Copper closes C$4.5m placement with South Africa's African Rainbow Minerals

Canada’s Surge Copper said on Thursday it had closed a C$4.5-million private placement with African Rainbow Minerals (ARM), boosting the South African mining group’s stake in the company to 19.9%.... 

Paseka Leeuw

This week we profile Paseka Leeuw, head of the School of Mining Engineering at the University of the Witwatersrand, in Johannesburg 

Ivanhoe confirms on schedule start of Stage 2 dewatering at Kakula

TSX- and OTCQX-listed Ivanhoe Mines says Stage 2 dewatering at the Kakula mine, in the Democratic Republic of Congo, started on schedule and that the company will provide an update on the copper... 

Nevada Lithium identifies rubidium, cesium at Bonnie Claire

Canada’s Nevada Lithium Resources has reported the presence of significant rubidium and cesium mineralisation at its 100%-owned Bonnie Claire lithium project, in Nevada. The company said on... 

Atico secures investment protection agreement for La Plata project

Canadian junior Atico Mining has signed an Investment Protection Agreement (IPA) with the Ecuadorian government for the development of its La Plata project, covering $157.9-million in planned... 

Ivanhoe secures $500m investment from Qatar sovereign wealth fund

Canadian miner Ivanhoe Mines on Wednesday announced a $500-million investment from sovereign wealth fund Qatar Investment Authority (QIA). Under the terms of the private placement, Ivanhoe will... 

FPX Nickel secures C$3.5m federal funding for Baptiste project studies

Vancouver-based FPX Nickel has been awarded C$3.5-million from Natural Resources Canada’s (NRCan’s) Critical Minerals Infrastructure Fund (CMIF) to advance its Baptiste nickel project, in central... 

Patriot to rebrand as PMET Resources, reflecting critical minerals focus

Patriot Battery Metals will change its name to PMET Resources this week, marking what it describes as the next stage in its evolution into a diversified global critical minerals company. The... 

Hochschild appoints new COO as it advances Brazil projects

London-listed Hochschild Mining has appointed Cassio Diedrich as its new chief operating officer (COO), effective September 15. Diedrich, a Brazilian mining engineer, brings more than 15 years of... 

enCore advances federal permitting for South Dakota uranium project

Uranium company enCore Energy said a US Environmental Protection Agency (EPA) board rejected a challenge from Native American and environmental groups over permits for its Dewey Burdock in-situ... 

Magnetic secures mining leases for Lady Julie gold project

ASX-listed Magnetic Resources has received approval for all mining leases covering its Lady Julie gold project (LJGP) in Western Australia, marking a key step as the company advances the project... 

Fourmile to produce up to 750 000 oz/y, says Barrick

Gold and copper major Barrick Mining is casting its Nevada Fourmile project as one of the most significant gold discoveries in decades, with new studies suggesting it could become a top global... 

Exim signals $250m financing interest in Highland Copper's project

TSX-V- and OTCQB-listed Highland Copper has received a non-binding letter of interest (LoI) from the Export-Import Bank of the United States (Exim) for up to $250-million in potential debt... 

Exim signals financing interest in Syerston scandium project

ASX- and OTC-listed Sunrise Energy Metals has received a letter of interest (LoI) from the Export-Import Bank of the United States (Exim) for up to $67-million (A$103-million) in potential debt... 

Sayona study backs NAL expansion with lower costs, higher returns

ASX- and Nasdaq-listed Sayona Mining has released the results of a scoping study into the expansion of its North American Lithium (NAL) operation in Québec, confirming improved economics through... 

De Beers unveils next generation subsea diamond recovery crawler

Diamond company De Beers' Upstream Technology business has developed a next generation of advanced subsea diamond recovery crawlers, with the first unit having been installed on Debmarine Namibia's... 

Peninsula produces first yellowcake at Lance project

ASX-listed Peninsula Energy on Tuesday announced it had achieved first dried yellowcake production from its expanded Lance central processing plant (CPP) in Wyoming, US. The achievement follows... 

Theta Gold start earthworks, civil engineering at South African project

ASX-listed Theta Gold Mines has started earthworks and civil engineering activities at its flagship TGME gold mine project in South Africa, marking a pivotal milestone in the transition from... 

St Barbara tax reassessment paves way for Simberi lease extension

ASX-listed St Barbara on Monday said Papua New Guinea’s (PNG’s) Internal Revenue Commission (IRC) would revoke tax assessments issued in December 2024 and reissue revised reassessments as early as... 

B2Gold trims Goose output guidance, but reaffirms 2025 group forecast

Canadian gold miner B2Gold has lowered its 2025 output forecast for the Goose mine, in Nunavut, owing to crushing plant constraints, but reaffirmed its consolidated production guidance of 970 000... 

Lindian appoints executive to lead Kangankunde project delivery

ASX-listed Lindian Resources reports that nonexecutive director Zekai (Zac) Komur will transition to an executive role and lead the project delivery of the company's Kangankunde rare earths... 

Mongolia backs PPP road project supporting Aspire’s Ovoot coal mine

Australia's Aspire Mining on Friday said the Mongolian Cabinet had endorsed the Murun–Uliastai highway project under a build–operate–transfer public–private partnership (PPP) agreement, a move the... 

Electra unveils terms of $30m financing to complete cobalt refinery

Dual-listed Electra Battery Materials on Friday announced the detailed terms of its previously flagged $30-million private placement, a key step in its restructuring and in completing construction... 

G2 Goldfields secures C$49.5m in placement

Toronto-listed G2 Goldfields has raised firm commitments for a C$49.5-million non-brokered private placement to fund exploration and development of its gold projects in Guyana. The company will... 

Askari divests Burracoppin gold project to Forrestania to sharpen African focus

ASX-listed Askari Metals has signed a binding share sale agreement with Forrestania Resources to divest its Burracoppin gold project in Western Australia for A$700 000, paving the way for the...