Resolution Minerals has received an unsolicited, indicative, and non-binding offer from Snow Lake Resources to acquire the Horse Heaven project in Idaho for A$225 million. The proposal outlines the acquisition via a combination of cash and Snow Lake shares, with the ratio to be agreed upon. The Resolution Minerals board of directors has started to review the offer. The board…
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Interior Department approves Rosebud expansion
The Department of the Interior has approved a mining plan modification for the Rosebud mine in Rosebud and Treasure counties, Mont. The decision enables the recovery of approximately 33.75 million tons of federal coal and extends the mine’s operation through 2039. The Interior said this marks the second-largest federal coal mine expansion approved since the beginning of the second Trump…
Read MoreAmerican Rare Earths begins test mine at Cowboy State
American Rare Earths, through its subsidiary Wyoming Rare (USA) Inc., has commenced construction of a test mine at the Cowboy State mine, part of the Halleck Creek deposit in Wyoming. The test mining program will extract approximately 3,200 tonnes of ore. “The commencement of test mining at CSM is a critical milestone in the company’s development pathway. Demonstration plants require…
Read MoreMitsubishi Corp. becomes JV partner in Copper World
Mitsubishi Corporation has agreed to acquire a 30% interest in Copper World LLC, a wholly-owned subsidiary of Hudbay Minerals, for an initial cash contribution of $600 million. The company owns the Copper World project in Arizona. “Securing Mitsubishi as a 30% partner in Copper World is an important milestone for Hudbay as we establish a long-term strategic partnership to advance…
Read MoreResolution Minerals names geologist to lead Horse Heaven
Resolution Minerals announced the appointment of U.S.-based geologist Austin Zinsser, P.G. as lead consulting geologist to support exploration and development of the company’s flagship Horse Heaven antimony-gold-silver-tungsten project in Idaho. Zinsser brings more than 15 years of experience in applied geological science and mineral development, including 12 years at Perpetua Resources’ Stibnite gold project, directly adjacent to Horse Heaven. His…
Read MoreNevada Canyon sells Swales property
Nevada Canyon Gold has sold its Swales gold property exploration lease in Elko County, Nevada, to Metals One Nevada, a wholly owned subsidiary of Metals One. The deal includes a total combined area of approximately 2780 acres and 139 unpatented mining claims. Total consideration for the lease comprised of a $100,000 cash payment and the grant of a 2% net…
Read MoreInterior Department green lights Antelope mining plan
The U.S. Department of the Interior has approved a mining plan modification that will unlock 14.5 million tons of federally owned coal at the Antelope mine in Converse County, Wyo., extending the life of the mine through 2037. “The Trump administration is delivering on its promise to revitalize American coal and unleash our nation’s energy potential,” said Secretary of the…
Read MoreEquinox Gold divests Nevada assets
Equinox Gold has sold its 100% interest in the Pan gold mine, Gold Rock project, and Illipah project in Nevada to Canadian developer Minera Alamos for a total consideration of US$115 million. “The sale of our non-core Nevada assets reflects our commitment to portfolio optimization and disciplined capital allocation. This transaction simplifies our business and allows the team to focus…
Read MoreRare Element Resources demo plant update
Colorado-based Rare Element Resources has provided an update on the development progression of its rare earth processing and separation demonstration plant in Upton, Wyo., after it started a thorough review of the as-built plant in April. The miner said the review has been steadily progressing and has resulted in several areas of improvement being identified requiring rework, and in some…
Read MorePOSCO, Anson Resources to demo DLE tech
South Korean steelmaker POSCO Holdings has signed a memorandum of understanding with Anson Resources to establish and operate a demonstration plant to validate its direct lithium extraction (DLE) technology. Under the agreement, Anson will provide the lithium feedstock and the project site, while POSCO will conduct a full-scale evaluation of the business potential of its DLE technology. Depending on the…
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