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Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale SA (NYSE: VALE) has inked a deal to acquire Mitsui & Co’s stake in the Moatize metallurgical and thermal coal mine and port project in Mozambique, as the Brazilian miner works to exit the fossil fuel and become carbon…
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QC Copper to buy 50% share of ‘strategic’ Roger project in Quebec
QC Copper and Gold (TSXV: QCCU) has signed a definitive agreement with Pasofino Gold (TSXV: VEIN) to add a 50% share of the Roger copper-gold project in Quebec’s Chibougamau district to its portfolio of copper-gold holdings in the region. In…
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Thor acquires Barrick’s majority interest in Central Houndé project
Thor Explorations (TSXV: THX) announced on Monday it has agreed with Barrick Gold (TSX: ABX; NYSE: GOLD) to terminate the 2015 earn-in agreement between Thor and Acacia Mining, subsequently acquired by Barrick, on the Central Houndé project in southwestern Burkina Faso. Following…
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Musk Metals grabs Elon lithium project in Quebec
Canadian junior Musk Metals (CNSX: MUSK: US-OTC: GPMNF) is buying the Elon lithium project in Quebec, which would add the coveted battery metal to its gold-focused portfolio. “Fuelled by the recent shift to electric vehicles, demand for battery metals and materials…
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Agnico Eagle sells projects in Finland and Sweden
Agnico Eagle Mines (TSX, NYSE: AEM) will sell its Oijarvi gold project, in central Finland, and the Solvik gold project, in southern Sweden for $10-million to Gold Line Resources (TSXV: GLDL). Gold Line will acquire a 100% interest in both…
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Nighthawk adds Kim & Cass property to Colomac holdings
Nighthawk Gold (TSX: NHK) has entered into a binding option agreement with a subsidiary of natural gas and oil-focused Pine Cliff Energy (TSX: PNE) to acquire a 100% interest in the 31-sq.-km Kim & Cass property, adjacent to its existing…
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Max Resource’s Cesar project grows to district-scale size
Max Resource (TSXV: MXR) announced that it has, for the second time this year, expanded its Cesar copper-silver project in northeastern Colombia by adding a 500-sq.-km land package adjoining Cesar West’s northern boundary. According to the Canadian miner, with this…
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Wesdome to sell Moss Lake to Goldshore Resources for $57M
Privately held Goldshore Resources has signed an asset purchase agreement with gold producer Wesdome Gold Mines to acquire the 143-sq.-km Moss Lake gold project, 100 km west of Thunder Bay, for total consideration estimated at $57 million. The B.C.-incorporated company…
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Moneta Porcupine acquires O3 Mining’s Garrison project in Timmins camp
O3 Mining (TSXV: OIII; US-OTC: OIIIF) is selling its Golden Bear assets, including the Garrison gold project, to Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF) and taking a 30% stake in the company in a deal worth about $48 million.…
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Fortune Nickel and Gold acquires strategic lands in Ontario
Fortune Nickel and Gold, a wholly-owned subsidiary of Here To Serve Holding, announced that it has acquired strategic lands in Ontario, in the general area where Canada Nickel has discovered several significant deposits of nickel and other metals. In detail,…
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ALX to acquire Electra nickel project in Ontario
ALX Resources announced that it has executed a definitive agreement for an option to purchase a 100% interest in the Electra nickel project in the Thunder Bay South mining district of Ontario. In a press release, ALX said that the…
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Surge Copper acquires option on 70% stake in Berg copper project
Explorer Surge Copper has entered into a definitive option agreement with Centerra Gold to hold the right to acquire a 70% interest in the Berg porphyry deposit in central B.C. Under the terms of the agreement, Surge can earn a…
