Investing
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GOLD: Centerra unloads Boroo mine, Gatsuurt project
MONGOLIA – Toronto-based Centerra Gold is selling its assets in Mongolia. That includes the suspended Boroo gold mine and mill as well as the Gatsuurt gold development project. Both properties are to be purchased by OZD Asia pte for net…
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Metallic finds more veins at Keno and McKay Hill districts
Metallic Minerals (TSXV: MMG; US-OTC: MMNGF) is wrapping up its $2.5-million summer work program in the Yukon. The company fanned out across both its Keno silver district and McKay silver-lead-zinc district in the territory. It found several mineralized vein structures and…
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LITHIUM: Nemaska collects first $75M from Orion streaming pact
QUEBEC CITY, Que. – Nemaska Lithium says its subsidiary Nemaska Lithium Shawinigan Transformation has received the first payment of US$75 million from affiliates of Orion Mine Finance II LP. The is the first payment of the US$150-million streaming arrangement Nemaska…
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Franco-Nevada teams with oil firm Continental Resources to buy mineral rights
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma. Franco-Nevada says it will contribute about US$220 million for the acquisition of…
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GOLD: Moneta intercepts 47.00 m @ 2.08 g/t in a new mineralized shoot at Southwest Zone
TORONTO – Moneta Porcupine Mines Inc. is pleased to announce the results from seven additional diamond drill holes completed on the South West Deposit (“South West”) located within the Company’s Golden Highway Project, located 110 km east of Timmins. Highlights: Step-out…
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Technology Metals Snapshot: Eight juniors step up to meet the tech-metal challenge
The wider use globally of advanced technologies such as electric vehicles has led to a boom in juniors developing technology-metal assets, with an emphasis on lithium, cobalt, vanadium and rare earths. Here is a look at eight such juniors active…
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COPPER: Kintavar Exploration bets on Mitchi copper project in Quebec
Noranda was poking around southern Quebec in the 1970s when it drilled into what it believed was a skarn deposit grading around 0.5% copper, and walked away because it was too low grade. That ground, now known as the Mitchi…
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GOLD: Barrick invests $38M in Midas Gold’s Stibnite project
IDAHO – Barrick Gold of Toronto has agreed to invest at least $38 million (all figures U.S. dollars) in Midas Gold Corp. of Vancouver. Midas’s principle asset is the advanced Stibnite gold project 64 km east of McCall. Barrick has…
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BASE METALS: Anglo pulls support from Nautilus’ Solwara 1 project
PAPUA NEW GUINEA – A day before its May 8 annual meeting, Anglo American said it is pulling out of the Solwara 1 deep ocean mining project run by Nautilus Minerals of Toronto. Nautilus has held exploration licences for polymetallic…
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NEW JOBS: Ontario using Heritage Fund to boost mining employment
ONTARIO – The Government of Ontario is hoping to create 20 new full-time jobs in the mining supply and services sector. Through the Northern Ontario Heritage Fund Corp., the government will invest in 12 mining equipment and services companies in…
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Finland takes top spot for investment attractiveness: Fraser Institute
The following is an edited release by the Fraser Institute on the publication of its 2017 Annual Survey of Mining and Exploration Companies by Ashley Stedman and Kenneth P. Green. For more information, visit www.FraserInstitute.org. This survey is an attempt to…
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NICKEL-COBALT: Cobalt 27 picks up royalty on RNC’s Dumont project
QUEBEC – Cobalt 27 Capital Corp. has agreed to acquire an existing 1.75% net smelter return royalty on the Dumont nickel-cobalt project belonging to RNC Minerals. The mine is construction ready near the town of Amos. This is the first…
