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Pan American Silver Closes $4.8 Billion Acquisition of Yamana Gold
May 4, 2023
Pan American Silver has completed its acquisition of all the issued and outstanding common shares of Yamana Gold for a total of up to $4.8 billion. The announcement follows the sale of Yamana’s Canadian assets, including certain subsidiaries and partnerships
NexGen Energy to Secure $1 Billion Project Financing to Advance Rook I Uranium Project, Canada
May 3, 2023
NexGen Energy has secured non-binding expressions of interest for a total of more than $1 billion in project financing for the development of the Rook I Project in Saskatchewan, Canada. The Canadian clean fuel energy company has received significant initial
CGC to Invest $77 Million to Reopen State-of-the-Art Gypsum Quarry in Nova Scotia, Canada
May 3, 2023
CGC Inc., the Canadian division of USG Corporation, released plans to revitalize and relaunch a state-of-the-art gypsum quarry in Little Narrows, Nova Scotia. This $76,342,431 million (CAD$104 million) investment will reinforce CGC’s supply of raw gypsum material — the largest
State Set to Allocate $25 Million to Port of Alabama for Coal Operations Upgrades
May 3, 2023
The Port of Alabama is set to receive funding from the state to transform its coal operations. Last week, Gov. Kay Ivey revealed her proposal for distributing $2.8 billion in surplus educational funding. Included in that proposal was $25 million
OSMRE Allocates $4.6 Million to Revitalize Coal Communities in Montana
May 3, 2023
The Office of Surface Mining Reclamation and Enforcement announced more than $4.6 million in fiscal year 2022 funding from President Biden’s Bipartisan Infrastructure Law to create good-paying union jobs and catalyze economic opportunity by reclaiming abandoned mine lands in Montana.
Minnesota Rep. Stauber Hosts Mining Congressional Hearing in Iron Range
May 3, 2023
A congressional hearing that would normally be held in the Longworth House Office Building in Washington, D.C., convened in an Iron Range school auditorium Tuesday. U.S. Rep. Pete Stauber, R-Hermantown, chairman of the Subcommittee on Energy and Mineral Resources, brought
DOE Now Accepting Applications for Research Experience in Carbon Sequestration (RECS) 2023
May 3, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) invites graduate students and early career professionals who are interested in carbon capture, utilization, and storage (CCUS) to apply for the 2023 Research Experience in Carbon
Shell Finalizes Acquisition of Volta, Scaling Up Its U.S. Public Electric Vehicle Charging Network
May 3, 2023
Shell USA, a subsidiary of Shell, has completed the acquisition of Volta Inc. in an all-cash transaction valued at approximately $169 million. With this acquisition, Shell now owns and operates one of the largest public electric vehicle (EV) charging networks
China Pushes to Digitize Mines in Attempt to Make them Safer
May 3, 2023
China is using “smart” technology to try to improve its safety record in coal mines, as part of a push by the National Energy Administration to bolster output and stem frequent accidents and collapses. Smart-mine sensors monitor aspects such as
Ioneer’s New Mineral Resource Update Finds 168% Increase in Estimated Lithium at Rhyolite Ridge
May 2, 2023
Ioneer Ltd. released new findings showing a 168 percent increase of lithium within its Rhyolite Ridge Lithium-Boron project. The Nevada site is now estimated to hold enough lithium carbonate, a critical material in electric vehicle battery production, to power upward
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