BMI quick view: steel tariffs a sign of more restrictions ahead

On Feb. 10, U.S. President Donald Trump signed an order to introduce 25% tariffs on steel and aluminum imports (effective March 4). This is in addition to the 10% tariff on imports from Mainland China, and will add about another 0.5 pp to the average effective tariff rate on U.S. imports, bringing it to about 5.0%, up from about 3.0%…

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Eminent Gold closes on Celts deal

Eminent Gold has completed its acquisition of the Celts mineral property in Nevada for an aggregate purchase price of $400,000 from Orogen Royalties, a subsidiary of Renaissance Exploration. Eminent now holds a 100% interest in the site indirectly through its subsidiary Hot Springs Resources. Pursuant to the purchase agreement, Orogen maintains a 3% net smelter returns royalty. “The acquisition of…

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Nevada Canyon completes Nevada exploration programs

Nevada Canyon Gold has completed the initial Phase I exploration programs at two of its accelerator properties in Nevada – Agai-Pah, within the Walker Lane shear zone in Mineral County, and the Swales property in the Swales Mountain Mining District in Elko County. Phase I of the Agi-Pah exploration program consisted of reconnaissance prospecting, geological mapping, surface sampling of old…

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Integral Metals acquires Woods Creek project

Integral Metals has acquired the Woods Creek project, located within the Idaho Rare Earth Elements-Thorium (REE-Th) Belt in southwestern Montana. The strategic addition includes 25 lode claims covering 516 acres and is positioned to capitalize on the increasing demand for rare earth elements critical to modern technologies. “The acquisition of the Woods Creek project aligns with our commitment to advancing…

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