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B2Gold to Acquire Oklo Resources for $64 Million
June 3, 2022
Canadian mining company B2Gold has entered into a binding scheme implementation deed (SID) to acquire Australia-based Oklo Resources in a deal worth A$90 million ($64 million). Under the terms of the SID, B2Gold will acquire all the outstanding shares of
Sayona Mining Raises $136 Million to Restart Authier Lithium Project in Quebec, Canada
June 2, 2022
Sayona Mining has raised A$190 million ($136.6 million) through an institutional placement to primarily fund the restart of its North American Lithium (NAL) operation in Québec, Canada. The Australian company will also use the proceeds to support its growth strategy.
Silverton Metals to Acquire Zapata’s Margaritas Gold-Silver Property, Mexico
June 2, 2022
Silverton Metals, a Canadian exploration and development company, has agreed to acquire the Margaritas gold-silver property in the Durango state in Mexico from Zapata Exploration. In this connection, the company has signed a share purchase agreement with the two sellers
Bendito Resources to Acquire Azure Minerals’ Mexican Assets for $14.3 Million
June 2, 2022
Azure Minerals has agreed to sell its subsidiaries that own and operate its Mexican precious and base metals projects to Bendito Resources in a transaction valued at A$20 million ($14.3 million). Under the terms of the deal, Azure Minerals will
Osisko Advances Trixie Mine with $20 Million Streaming Agreement, Utah
June 2, 2022
Osisko Gold Royalties’ wholly-owned subsidiary, Osisko Bermuda Limited (OBL) has entered into a binding metals stream agreement with Tintic Consolidated Metals, an indirect wholly-owned subsidiary of Osisko Development Corp. (ODV) on the Trixie test mine, as well as mineral claims
EPA Moves to Block Pebble Mine, Alaska
June 1, 2022
The Biden administration made a revised proposal on Wednesday to ban the disposal of mining waste in Alaska’s Bristol Bay watershed, dealing a potential death blow to the contentious Pebble Mine project that has been pursued for over a decade.
Tribal Request to Halt Hudbay’s Copper Mine Work is Denied, Arizona
June 1, 2022
A federal judge has rejected a request by Native American tribes to stop Toronto-based Hudbay Minerals Inc. from preparing a planned new Arizona copper mine’s site in the Santa Rita Mountains near Tucson. U.S. District Judge James Soto refused to
Astroforge Raises $13 Million Seed Round for Asteroid Mining Ambitions
June 1, 2022
Although we’ve long understood that asteroids are not simply the rubble of the universe, but potentially profitable stores of precious minerals, humanity has never been able to unlock this value. Y Combinator startup Astroforge wants to succeed where other companies
Newly Formed South Dakota Mineral Industries Association to Educate, Advocate for Mining
June 1, 2022
Educating the public and acting as a resource for mining companies and related businesses is the central goal for the newly formed South Dakota Mineral Industries Association. Officially formed in October 2021, the new association was formed to be “a
Utah’s Kennecott Mine Back Open to Visitors After Two Years
June 1, 2022
For the last two years the Rio Tinto Kennecott mine has been closed to the public because of COVID-19. Last week the mine finally got to welcome back visitors and they are preparing for a busy summer ahead. ABC4 spoke
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