Rio Tinto has entered a definitive agreement to acquire Arcadium Lithium for $6.7 billion. The transaction, which will be implemented by way of a Jersey scheme of arrangement, is expected to close in mid-2025. “Acquiring Arcadium Lithium is a significant step forward in Rio Tinto’s long-term strategy, creating a world-class lithium business alongside our leading aluminum and copper operations to…
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Southwest Critical confirms Arcadium Lithium deal
Southwest Critical Materials, an affiliate of private equity firm Kinterra Capital, has acquired the Pumpkin Hollow copper project from Nevada Copper. In August, Nevada Copper entered into a stalking horse asset purchase agreement with Southwest Critical Materials after voluntarily filing for Chapter 11 bankruptcy in June. With this acquisition, Kinterra now controls more than 11 billion pounds of copper across…
Read MoreInterior Department signs off on Rhyolite Ridge project
The U.S. Interior Department gave final approval to ioneer’s Rhyolite Ridge lithium mine in Nevada, the first domestic lithium mine permitted by the Biden administration, reported Reuters. The news agency said the approval concluded a review process lasting over six years. It comes amid recent efforts by the Biden administration to support domestic critical minerals production. “This is a science-based…
Read MoreLiberty Star pays federal fees for Arizona projects
Liberty Star Minerals paid the Bureau of Land Management US $18,600 for 93 unpatented federal lode mining claims covering 1,594.68 acres within the Hay Mountain Project in Cochise County, Arizona. The payment included six claims comprising 320 acres within the Red Rock Canyon Gold property. Additional Liberty Star fee payments for Mineral Exploration Permit lands due throughout the year to…
Read MoreLiberty Gold obtains permit to explore near Black Pine
Liberty Gold has received a Hardrock Prospector Permit covering four areas located directly adjacent to the company’s Black Pine oxide gold project in Idaho. The permit provides exclusive right to prospect and explore for leasable mineral deposits in the areas, which are administered by the federal government. ”We wish to acknowledge the extensive efforts made by the United States Forest…
Read MoreAmericas Gold and Silver consolidates Galena JV
Americas Gold and Silver has entered into a binding agreement with an affiliate of mining investor Eric Sprott and Paul Andre Huet to acquire the remaining 40% interest in the Galena silver complex in Idaho, consolidating the current joint venture. Under the terms of the deal, Americas Gold will issue 170 million common shares to the owners of the Sprott…
Read MorePatriot Gold to purchase Wyoming gold project
Exploration company GFG Resources has signed a definitive agreement for the sale of its Rattlesnake Hills gold project in central Wyoming to Patriot Gold Vault for an aggregate consideration of C$3.3 million. The district-scale project comprises of 1,573 unpatented lode mining claims as well as eight Wyoming State mining leases covering an area of approximately 30,400 acres. Four significant zones…
Read MoreBowman appoints Secrest as Mining VP
Virginia consultancy Bowman Consulting Group has selected Gabriel Secrest to serve as its vice president of Mining and West regional manager. Secrest, an 18-year industry expert in mining project development and execution, including project and engineering management, risk management, feasibility studies and mechanical engineering, is succeeding Kent Lang, who stepped down to retire. In this new role, Secrest will leverage…
Read MoreUtah Mining Association looks toward annual convention
The Utah Mining Association will gather at the Marriott City Center in downtown Salt Lake City for its 109th annual convention, November 13-14. Attendees will enjoy valuable insights from mining industry experts at several technical sessions. Featured speakers and sessions include Mick Thomas, Utah Department of Natural Resources, and Kimberly Shelley, Utah Department of Environmental Quality, Utah’s Roadmap: Becoming the…
Read MoreDoD awards millions to Montana Tech for upskilling
The Department of Defense recently said it issued a $6.56 million award via the Defense Production Act Investment (DPAI) office to Montana Technological University, also known as Montana Tech. The award will fund the development and delivery of a critical workforce development program that will allow trainees to upskill their capabilities in metallurgical, geological, mining, and environmental engineering. The project…
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