American Battery Technology has received a letter of interest from the U.S. Export-Import Bank (EXIM) for $900 million in financing to support the construction of a lithium mine and refinery near Tonopah, Nev. “We appreciate this support from EXIM and are proud of this further validation that our mission is closely aligned with the government’s dedication to serve the American…
Read MoreCategory: Miners News
Positive results at Galena complex in Idaho
Americas Gold and Silver reported promising results from recent metallurgical testing at its Galena complex in Idaho, confirming high recoveries of antimony alongside strong silver and copper recoveries from ore currently being processed. “I am very excited that results of our test work have successfully demonstrated the potential to recover antimony – which is designated as a critical mineral in…
Read MoreRio Tinto land exchange halted by judge
A U.S. federal judge has temporarily blocked the Trump administration from transferring land to Rio Tinto and BHP for their Resolution copper mine in Arizona, citing the Supreme Court’s ongoing deliberations in the complex case, reported Reuters. In an 18-page order, U.S. District Judge Steven Logan said the nonprofit Apache Stronghold was likely to succeed in its appeal to the…
Read MoreNormet secures Hermosa contract
Normet has been awarded a contract for an ancillary underground equipment fleet by South32 for its Hermosa project in Santa Cruz County, Ariz. The contract, executed April 23, was sealed with a ceremony at the Hermosa Centro, the site’s remote operating center. Centro was designed to support the future of mining through innovation and sustainability by providing an office-like setting…
Read MoreResolution Copper land swap gets green light
The Trump administration has moved forward with a proposed land swap for the Resolution Copper project in Arizona. The U.S. Forest Service said it has issued a legally required 60-day notice of the agency’s intent to republish an environmental report needed for the swap to occur. “We are encouraged to hear the U.S. Forest Service intends to republish the Final…
Read MoreIvanhoe Electric receives financing for Santa Cruz project
Ivanhoe Electric received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) outlining the potential to provide up to $825 million in debt financing for the development of the Santa Cruz copper project in Arizona. The project aligns with the EXIM Bank’s Make More in America initiative, which is intended to increase the United States’…
Read MoreTargeting begins at Woods Creek
Integral Metals has commenced Phase I exploration at its Woods Creek project in Montana. The program will be carried out in partnership with Big Rock Exploration, and focus on the analysis of existing sample material and the compilation of historical geochemical, geophysical and structural data. Woods Creek is considered prospective for REEs and gallium based on neighboring projects and regional…
Read MoreLithium Americas announces FID for Thacker Pass Phase 1
Lithium Americas and its joint venture partners on the Thacker Pass project in Humboldt County, Nev., have confirmed the final investment decision for the first phase of the project as it receives a previously announced $250 million investment from fund entities managed by Orion Resource Partners. Company officials said that, as part of that closing, Orion purchased senior unsecured convertible…
Read MoreEminent 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…
Read MoreNevada 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…
Read More