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Galiano Gold to Acquire Gold Fields Stake in Asanko Mine for $170 Million, Ghana
January 4, 2024
Galiano Gold has entered into a binding share purchase agreement (SPA) with subsidiaries of Gold Fields Limited to acquire Gold Fields’ 45 percent interest in the Asanko Gold Mine (AGM). The two companies currently hold 45 percent stake each in
Paramount Gold Secures $15 Million to Fund Continued Permitting for Grassy Mountain Mine, Oregon
January 3, 2024
Paramount Gold Nevada has closed on $15 million financing with Sprott Resource and Streaming Royalty Corp. through the issuance of a non-dilutive secured royalty convertible note (RCN). The proceeds of the financing will be used to fund the continued permitting
Agnico Eagle Acquires 12% Stake in Canada Nickel for $23.1 Million
January 3, 2024
Canada Nickel Company is raising funds via a flow through financing. In a rare positive end-of-year news release, it was disclosed that Agnico Eagle Mines has acquired a large stake in the nickel explorer. Rather than purchase units direct from
Burley Minerals to Acquire Five Lithium Projects from Aurora Lithium in Manitoba, Canada
January 3, 2024
Burley Minerals, an Australian minerals explorer, has announced its intent to acquire five lithium projects in Manitoba, Canada from Aurora Lithium. In this connection, the company has entered into a binding heads of agreement with the vendors of Aurora Lithium.
Orano Mining to Establish Mongolia’s First Uranium Mining and Processing Venture
January 3, 2024
Mongolia’s exports are 90 percent dependent on natural resource extraction. In October 2023, during a state visit to France, Mongolian President Ukhnaa Khurelsukh signed a landmark agreement that paved the way for a US$1.7 billion investment by French government-owned Orano
North Dakota Coal Miners Unearth Ancient Mammoth Fossil
January 3, 2024
A group of coal miners made a “mammoth” discovery this year while working in North Dakota. While working overnight at the Freedom Coal Mine during the Memorial Day weekend, the miners uncovered the remains of an ancient mammoth that went
U.S. Companies Work to Ramp Up Domestic Rare Earth Manufacturing
December 29, 2023
China has dominated the rare earth element supply chain for decades. The U.S. is working to build out its own facilities, using more environmentally friendly manufacturing. “The foreign dependency is real. It’s actually not getting better. A lot of years
Surge Copper to Acquire Canterra Gold’s Berg Property in $1.2 Million Deal, Canada
December 29, 2023
Surge Copper has entered into a definitive purchase agreement with Thompson Creek Metals Company (TCM), a wholly-owned subsidiary of Centerra Gold, to acquire a 100 percent interest in the Berg Property for total consideration of 21,221,165 common shares of Surge,
Supreme Court to Hear Challenge to EPA Good Neighbor Rule
December 29, 2023
The Supreme Court will hear arguments in February on whether the Environmental Protection Agency can continue enforcing its anti-air-pollution good neighbor rule in 10 states, an effort to restrict smokestack emissions from power plants and other industrial sources that burden
March 26-27: Countdown is On for 2024 West Virginia Coal Show
December 29, 2023
There’s no doubt about it: the industry is ready for a truly great coal show. Organizers SEMCO Publishing and North American Mining magazine are working non-stop on the details for the first annual 2024 West Virginia Coal Show, being held
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