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BWXT Enters Agreement to Acquire Kinectrics for $525 Million
January 9, 2025
BWX Technologies has entered into an agreement to acquire Kinectrics for approximately $525 million. Kinectrics is a leader in providing lifecycle management services for the global nuclear power and transmission and distribution markets, and in the production and supply of
Equinox Gold Extends Fazenda Mine Life by Seven Years, Brazil
January 9, 2025
Equinox Gold Corp has released an updated mineral reserve and mineral resource estimate for its Fazenda Mine that has extended the Fazenda mine life to 2033. Fazenda has been operating in Bahia State, Brazil since 1984 as a combined underground
Alta Resource Technologies Raises $5.1M to Transform Mineral Separation With Advanced Biochemistry
January 8, 2025
Alta Resource Technologies has raised $5.1 million in an oversubscribed seed round co-led by DCVC and Voyager Ventures, with participation from Orion Industrial Ventures, Overture, and WovenEarth Ventures. Alta, whose technology uses custom-designed proteins that act like microscopic robots to
Northern Graphite to Resume Operations at Its Lac des Iles Processing Facility, Canada
January 8, 2025
Northern Graphite said its Lac des Iles (LDI) processing facility, halted for maintenance on November 2, will resume operations on January 13. In addition, the company has negotiated significant price increases with customers for its graphite for 2025 to reflect
British Columbia’s EAB Upholds $97K Fine Against Teck Coal for Workplace Injury
January 8, 2025
British Columbia’s Environmental Appeal Board (EAB) upheld last week a $97,500 (C$140,000) fine against Teck Coal for “severe and life-altering” injuries a contract mechanic suffered working at its Elkford operations in 2019. The mechanic was installing a wheel on a
Government of Mali Extends Gold Export Ban to Put the Squeeze on Barrick
January 8, 2025
Barrick Gold remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim attachment order has now been issued against the existing gold stock on site which further prevents its export and disrupts normal operations.
Local Artists Paint Large Mining-themed Murals in Nevada’s City of Elko
January 8, 2025
A pair of Nevada artists have contributed new mineral extraction-themed murals to a city known for its rich mining heritage. One of them, Joseph Corgile or “Joe C. Rock” as he likes to be called, painted a vast work of
Arch Resources Faces Challenges as Shareholders File Lawsuits Over Proposed Merger
January 7, 2025
Arch Resources has encountered hurdles following its proposal to merge with CONSOL Energy, as revealed in a recent 8-K filing with the U.S. Securities and Exchange Commission. According to the filing dated January 3, 2025, Arch Resources detailed its agreement
DOE Invests $45M in Regional Consortia Focused on Securing Domestic Critical Minerals, Materials
January 7, 2025
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) have allocated $45 million in federal funding for six projects to create regional consortia to accelerate the development of critical mineral and materials supply chains including
Department of the Treasury Releases Final Rules for Clean Hydrogen Production Tax Credit
January 7, 2025
The U.S. Department of the Treasury and Internal Revenue Service released final rules for the section 45V Clean Hydrogen Production Tax Credit established by the Inflation Reduction Act. The final rules include significant changes and flexibilities that address several key
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