During the recent Prospectors & Developers Association of Canada 2025 Convention, the Minister of Crown-Indigenous Relations and Northern Affairs announced a federal investment of up to $420,000 to the governments of Yukon, Northwest Territories and Nunavut to support a three-year project to strengthen the growth of the mining sector in the North. Through this investment, the Government of Canada, through…
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Newmont completes sale of three operations
Global miner Newmont Corp. has completed the previously disclosed sales of the Musselwhite and Éléonore operations in Canada and the Cripple Creek & Victor operation in the United States, as part of a divestment plan of non-core assets. Orla Mining purchased the Musselwhite gold mine in Ontario for an upfront cash consideration of $810 million and gold-price linked contingent consideration…
Read MoreVirginia Tech heads Appalachia coalition on critical minerals
Virginia Tech said it is spearheading a research coalition to reveal the untapped potential of the greater Appalachian Mountains region. The initiative is part of the U.S. Department of Energy’s Carbon Ore, Rare Earth, and Critical Minerals (CORE-CM) program, which seeks to establish regional coalitions focused on accelerating the development of critical mineral supply chains from unconventional resources. The Expand…
Read MoreFury Gold Mines expands portfolio in Quebec
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…
Read MoreEquinox Gold, Calibre Mining merge into major gold producer
Equinox 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 files for Chapter 11
South 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 MoreTNC, Engie, STD developing energy projects on former mine sites
The 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 MoreHardox celebrates 50 Years, goes emission free
The year 1974 saw a breakthrough in steelmaking when steelmaker SSAB introduced the world’s first bendable wear plate. A unique combination of hardness and toughness helped to solve the issue of brittleness in conventional abrasion-resistant steels, which were nearly impossible to bend and could not withstand heavy impact in use. In 1983, SSAB’s mill in Oxelösund, Sweden, created a truly…
Read MorePiedmont Lithium, Sayona Mining to merge
Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine the two companies and create a leading North American lithium business. Sayona will be the ultimate parent entity. “This merger combines two complementary businesses and will create a larger and stronger company. MergeCo will be North America’s largest lithium producer and will have an attractive growth profile with…
Read MoreNewmont offloads Musselwhite, Éléonore
In the final months of 2024, Newmont agreed to sell two of its gold mines as part of a plan to divest its non-core assets. Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Musselwhite is a fly-in, fly-out operation located approximately 500 kilometers north…
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