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Allegiance Coal Calls in Administrators to Undertake Urgent Assessment of the Company
February 23, 2023
Allegiance Coal went into voluntary administration on Wednesday, days after announcing plans to pivot back to metallurgical coal production at both of its North American operating mines in response to a dramatic fall in thermal coal prices. The administrators on
Teck Resources Becomes Teck Metals After It Spins Off Coal Unit
February 23, 2023
Teck Resources Limited is reorganizing its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd. (EVR). The separation will create two world-class resource companies and provide investors with choice for allocating investment
Osisko Metals Forms JV with Appian Natural Resources to Advance Pine Point Project, Canada
February 23, 2023
Osisko Metals has entered into an investment agreement with a subsidiary of Appian Natural Resources Fund III, a fund advised by Appian Capital Advisory. Osisko Metals and Appian have agreed to form a joint venture for the advancement of the
Taseko Increases Stake in Gibraltar Mine in British Columbia, Canada
February 23, 2023
Taseko Mines Limited has entered into a definitive agreement to acquire an additional 12.5 percent interest in the Gibraltar Mine from Sojitz Corporation. Gibraltar is operated through a joint venture which is owned 75 percent by Taseko and 25 percent
Refined Metals Corp. to Acquire Horizon South Lithium Property, Nevada
February 23, 2023
Refined Metals Corp. has entered into a property option agreement with Horizon South Lithium Corp. Refined Metals has been granted the right to acquire a 100 percent interest in the Horizon South Lithium Property. “The property is in a highly
Hecla Enters Into Agreement to Acquire ATAC Resources
February 23, 2023
Hecla Mining Company has entered into a non-binding letter of intent (LOI) to acquire ATAC Resources Ltd. and its Rackla and Connaught projects in Yukon, Canada. Under the proposed transaction, the company would acquire all of the issued and outstanding
After Alabama’s Longest Strike, Warrior Met Coal Workers Prepare to Return to Mines
February 22, 2023
Warrior Met Coal and members of the United Mine Workers of America are preparing for about 800 miners to return to work after almost 23 months on strike. Last week, the union sent a letter to Warrior Met with an
Conservationists File New Emergency Appeal Against Lithium Americas’ Thacker Pass Project, Nevada
February 22, 2023
Conservationists are seeking an emergency court order to block construction of a Nevada lithium mine after a U.S. judge directed a federal agency to revisit part of its approval of the plans but allowed construction to go forward in the
Magnis Signs Offtake Agreement With Tesla for North American Anode Active Material Production
February 22, 2023
Magnis Energy Technologies Ltd. has entered into a binding offtake agreement with Tesla for the supply of Anode Active Material (AAM) beginning in February 2025 with fixed pricing. Under the agreement Tesla will purchase a minimum of 17,500tpa starting from
Iluka Resources Approves $330 Million FID on Balranald Critical Minerals Project, Australia
February 22, 2023
Iluka Resources has taken a final investment decision (FID) on the Balranald critical minerals project in New South Wales, Australia, which will involve a capital cost of A$480 million ($330 million). The FID follows a definitive feasibility study (DFS) for
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