September 7, 2023

First Mining PEA pegs Duparquet initial capex at $516 million

Looking at the after-tax numbers, Duparquet has an NPV with a 5% discount of C$588 million ($430m) and IRR of 18.0%.

September 7, 2023

Summit Nanotech eyes $150m to scale up lithium extraction method

The Canadian startup expects that its upcoming financing round reflects a valuation of $400-million to $600-million.

September 7, 2023

ICMM releases guidelines to tackle Scope 3 emissions

Document provides a standardised framework for mining and metals firms to calculate and disclose their value chain emissions.

September 6, 2023

Snowline Gold shares rise on $12 million bought deal financing

The strengthened treasury would allow the company to advance exploration on the Rogue project's Valley discovery.

September 6, 2023

Prefeasibility for FPX Nickel’s Baptiste project puts NPV over $2 billion

The company intends to develop a high-margin, long-life, large-scale and low-carbon mine. It will produce a 60% nickel concentrate for direct feed into the stainless steel industry.

September 6, 2023

Northern Dynasty updates Pebble PEA, adds southern access route

The 2023 PEA provides fresh production, financial and cost estimates, detailing an infrastructure plan for the “southern route” of access to the mine.

September 5, 2023

BP buys up all of Woodfibre LNG’s future offtake capacity

The British oil and gas giant has inked a third LNG Sales and Purchase Agreement with Woodfibre LNG, which is in early stages of construction of its plant in British Columbia.

September 5, 2023

No quick end for sale of Teck’s coal unit as mining giant weighs more bids than expected

Switzerland’s Glencore will face a highly competitive bidding process whose outcome will not be known quickly.

September 5, 2023

Skeena boosts Snip indicated resource by 237% to 823,000 oz

The increased tonnage in the indicated resource comes as the inferred resource shrinks to 499,000 oz. of  gold.

September 5, 2023

Cameco 2023 forecast down at Key Lake, Cigar Lake, McArthur River operations

Total production from operations is forecast to be 30.3 million lb. uranium concentrate (U3O8), down approximately 9%.