The proceeds from the financing will be used to fund a 2018 exploration program at the Company's KSM project in Northwestern British Columbia, Canada.
Canada Mining News
The smelter, which produces some 430,000 metric tonnes of aluminum annually, has been operating at reduced capacity by non-union workers since Jan. 11.
Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.
Canaccord Genuity reported that Marathon Gold Corp. released an updated resource on its Valentine Lake gold project in Newfoundland.
Ontario and First Nations partners have signed historic resource revenue sharing agreements in mining and forestry – the first of their kind in the province.
The Brazil-based lithium mine developer eyes a wave of demand for the metal used in rechargeable batteries for iPhones and electric cars.
The materials industry, which includes miners, trails all other sectors in the Bloomberg World Index on rates of female participation.
The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.
Provincial fuel tax is supposed to help pay for public roads and highways by charging the vehicle owners who use them. The Nova Scotia government gives other resource industries a tax rebate for fuel used in vehicles that do not go on public roads, such as fishing boats, farm tractors and forestry harvesters.
Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based upon the 20-day average price of the stock.
The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.
The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.
Most records of early exploration work on the property have been lost.
The Mining Association of Canada - representing firms including Barrick Gold Corp. and Teck Resources Ltd. - expressed “profound disappointment.”
The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.
Bringing the project to production is expected to take about four years, but Donlin gold project is still has a long way to go in the permitting process before construction and operations can begin.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Pan American Silver management has engaged with the protesters in a mediation process.
The rock weighed 327 carats and it is a top white gem diamond.
Espley is very active in the mining community as a board member of MIRARCO and the Canada Mining Innovation Council.
But the Canadian company said the uranium market remained “quiet.”
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
Auryn Resources announced that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru.
Agnico said it started a strategic review on selling about 2,100 hectares of the Coleman and the South Lorrain cobalt-rich properties in Canada.