Critical Metals scores game-changing REE project

U.S.-based Critical Metals has signed a binding heads of agreement to acquire a controlling interest in one of the largest rare earth deposits in the world – the Tanbreez project in southern Greenland. Acquired from Rimbal Pty Ltd., Tanbreez offers Critical Metals a foundational permitted rare earth asset in North America and Europe. The company noted the transaction is valued…

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Seabridge Gold secures US$150 million in royalty deal

Seabridge Gold subsidiary KSM Mining has agreed to principal terms of a royalty agreement under which Sprott Resource Streaming and Royalty pays US$150 million for a 1.2% net smelter royalty for all metals produced at the KSM project in northern British Columbia, Canada.  The proceeds will be used to complete the physical works at KSM for which Seabridge expects to…

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Pan American to spin out Utah project

Canadian-based Pan American Energy has confirmed plans to spin out its Green Energy lithium project in the Paradox Basin, Grand County, Utah, so it can focus on its other projects including the Horizon lithium project in Nevada. The company, which will place Green Energy into a wholly owned subsidiary, will also be turning its attention to its Big Mack lithium…

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