Canadian-based Fury Gold Mines has entered into an agreement to acquire Quebec Precious Metals in an all-share deal, which creates a combined company that consolidates a prospective gold and critical minerals exploration portfolio totaling over 157,000 hectares in Quebec. The exchange ratio implies a price of C$0.04 per Quebec Precious Metals share and a premium of approximately 33%. “This transaction…
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Sibanye-Stillwater said it has made the decision to not proceed with the Rhyolite Ridge lithium-boron project in Nevada under a joint venture agreement with ioneer. The miner received updated project and technical information from ioneer in October 2024. After a comprehensive review on the results, the board of directors “resolved not to proceed with Rhyolite Ridge as, among other things,…
Read MoreMcLanahan Corp. announced the launch of its podcast – Groundwork. Released bi-weekly, each Groundwork episode will feature McLanahan subject matter experts and industry guests talking about key material processing topics. From agriculture to mining to material recycling, hosts will discuss the best ways to process the raw materials that power the world, because if it’s not grown, it’s mined. The…
Read MoreEquinox Gold said it will acquire all the issued and outstanding common shares of Calibre Mining as part of a court-approved plan of arrangement. The merger will create the second largest gold producer in Canada. The combined company will continue under the name “Equinox Gold Corp.” Its implied market capitalization is estimated at C$7.7 billion. “This merger represents a transformative…
Read MoreSouth Fork Coal Co., which operates surface mines in Greenbrier County, W.Va., has filed for Chapter 11 bankruptcy protection in the U.S. bankruptcy court in Delaware earlier this month, reported WV Public Broadcasting. The bankruptcy filing lists assets of $50 million to $100 million and liabilities of the same amount. South Fork owes nearly $5 million to the state of…
Read MoreSolidus Resources has announced the results of the feasibility study for its Spring Valley gold project in Pershing County, Nev. The study was prepared by lead consultant Ausenco Engineering Canada. “The Spring Valley project will be Nevada’s next large heap leach gold mine with a 10-plus year mine life and first quartile AISC. The completion of the feasibility study represents…
Read MoreThe Nature Conservancy said that it and partner Cumberland Forest Limited Partnership have joined together with Sun Tribe Development and power producer Engie for the development of 17 new renewable energy projects on former Appalachian coal mines. The projects include 14 solar energy and three battery storage projects on 360 acres. It is the second round of energy project announcements…
Read MoreWestwater Resources has successfully commissioned the CSPG qualification line at its Kellyton graphite processing plant in east-central Alabama. The new line offers the capability of processing approximately 1 metric ton of CSPG battery anode material each day. The U.S.-based company developed and optimized its CSPG products over the past several years using the individual pilot lines at each of its…
Read MoreGeneral Kinematics, an Illinois-based vibratory equipment manufacturer and system integrator, has partnered with Mine Resource Group (MRG), an Indiana-based aggregate equipment, parts and service supplier. The partnership strategically allows General Kinematics to further increase its ability to readily service customers in the aggregate and mining industries. With several decades of experience servicing aggregate industry customers with equipment, on-site services, consulting,…
Read MoreWayne Palmer was nominated by President Trump to serve as assistant secretary of the Mine Safety and Health Administration (MSHA) at the Department of Labor. He is the former executive vice president of the Essential Minerals Association (EMA). “Wayne has not only been a terrific asset to the EMA team since he joined the association in 2021, but he has…
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