The two claim blocks are 56 miles southwest of Kennecott’s prolific Bingham Canyon Mine Complex.

Foran holds eight properties encompassing over 140,000 hectares within the Hanson Lake District of eastern Saskatchewan.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange were down 11.6% last Friday.

For 2023, the company is forecasting copper production to reach 88 million to 99 million lb.

The investment community has turned net short of CME copper for the first time in five months, while funds have cut their long exposure on the London Metal Exchange.

With the acquisition of Yamana, Pan American is increasing its Latin American portfolio to 12 mining operations.

In summer 2022, Western published a feasibility study on the Casino project, outlining an after-tax NVP of C$2.3 billion with an IRR of 18.1%.

Country will introduce in its budget a 30% investment tax credit to boost clean-tech manufacturing, Reuters reported.