Exiro Nickel has entered into an asset purchase agreement to acquire a 100% interest in the Thompson operations in Manitoba, Canada, from Vale Base Metals. This includes the producing Thompson nickel mine, plus exploration assets in the Thompson Nickel Belt. “Today marks the launch of a new Canadian nickel company. Our team is honored and excited to be acquiring such…
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Americas Gold and Silver, US Antimony form JV
North American producer Americas Gold and Silver Corporation has entered into a definitive agreement with US Antimony, forming a Joint Venture through operating subsidiaries to construct and operate an antimony processing plant in Idaho’s Silver Valley. The JV, which will be 51% owned by Americas and 49% by US Antimony, will provide a mine-to-finished antimony production solution to secure the…
Read MoreHecla Mining sells Casa Berardi to Orezone Gold
Silver producer Hecla Mining has agreed to sell its subsidiary, Hecla Quebec, to Orezone Gold for up to $593 million in total consideration. Through the transaction, Orezone will acquire the operating Casa Berardi gold mine and a portfolio of exploration properties in Quebec. “The sale of Hecla Quebec represents an important milestone in Hecla’s transformation as we concentrate capital allocation…
Read MoreTrump administration seeks to end Minnesota mining ban
The Trump administration and Congressman Pete Stauber (R-Minn.-08) are taking action to end a 20-year mining ban near the federally protected Boundary Waters Canoe Area in northeastern Minnesota that was imposed under the former administration, reported Minnesota Public Radio. The move could pave the way for Twin Metals Minnesota, which is a subsidiary of Chilean mining giant Antofagasta, to reapply…
Read MoreCanada Nickel project advances under Ontario’s 1P1P framework
Canada Nickel announced that Ontario has formally named its Crawford nickel project as the second project to be advanced under the province’s new One Project, One Process (1P1P) framework. The first was Frontier Lithium’s flagship PAK lithium project. Late last year, Crawford was referred to Canada’s Major Projects Office, which advances major projects through a streamlined federal review process. “Ontario…
Read MoreMadsen gold mine hits commercial production
West Red Lake Gold Mines has declared commercial production at its flagship Madsen gold mine, located in the Red Lake Mining District of northwestern Ontario, Canada, as of January 1. The mill averaged 689 tonnes per day in December, representing 86% of permitted throughput of 800 tpd. This met the company’s internal commercial production requirement of 30 consecutive days of…
Read MoreMining equipment starting up at Borealis
Canadian junior Borealis Mining has confirmed the mobilization of mining equipment at its Borealis gold operation in Nevada, pushing forward to the company’s ultimate goal of restarting operations. The company, which has retained contractor CMI (Ledcor) to perform the work at the mine, said that the heavy mining equipment, production drill rigs and support equipment are now arriving at the…
Read MoreIoneer, Cat dealer Empire announce Rhyolite Ridge pact
Ioneer and Empire Southwest, the Caterpillar dealer for Arizona, Nevada and parts of eastern California, have signed a master service agreement for sales, services, goods, technology, and equipment rental that will help to advance the Rhyolite Ridge lithium-boron project in Nevada. Rhyolite Ridge, located in Esmeralda County, Nev., is the largest undeveloped lithium-boron ore reserve in the world outside of…
Read MoreEagle mine, Humboldt mill sold to Talon Metals
Canadian producer Lundin Mining has sold its Eagle nickel and copper mine and Humboldt mill outside of Marquette, Mich., to Talon Metals. The transaction potential was first announced in December. Lundin, according to the terms of the deal, will retain stock in Talon. Humboldt, which company officials have said is the only U.S. mill today that concentrates nickel ore, was…
Read MoreMt. Milligan secures approval to mine until 2035
The British Columbia Environmental Assessment Office (EAO) has approved an amendment to the Mt. Milligan copper-gold mine environmental assessment certificate, authorizing an extension to the mine’s life and an increase in production. The mine-life extension allows an 80-hectare expansion to the disturbance area for construction materials and an increase in production from 60,000 tonnes to 66,500 tonnes of ore per…
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