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…
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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…
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 MoreIntegral 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…
Read MoreLiberty Gold to spin-out Goldstrike project
After the recent discovery of a third zone of high-grade antimony mineralization at Antimony Ridge, Liberty Gold said it intends to “spin-out” the Goldstrike project with the Antimony Ridge discovery into a separate entity. “Antimony Ridge is an exciting, emerging story that is demanding more attention with every high-grade assay coming out of the lab. We believe that separating Liberty…
Read MoreGlobal Uranium advances exploration of Wyoming assets
Global Uranium has signed a Letter of Engagement with Big Rock Exploration to commence Phase II exploration activities at its Wyoming Group of Projects. This marks the next step in refining exploration targets across the Airline, Jeep, WAC, Big Bend, and Jabs properties. “We are excited to continue advancing our Wyoming uranium assets with the support of Big Rock Exploration,”…
Read MoreThacker Pass project gets financial boost
Lithium Americas has scored a strategic investment of $250 million from global investment firm Orion Resource Partners for the development and construction of Phase 1 of the Thacker Pass lithium project in Humboldt County, Nev. “Orion’s long-term investing horizon and experience with resource development makes them an excellent partner for Lithium Americas and Thacker Pass and contributes to our strong…
Read MoreSibanye-Stillwater exits Rhyolite Ridge project
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 MoreSpring Valley receives positive feasibility study
Solidus 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 MoreRio Tinto confirms Arcadium Lithium deal
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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