March 14, 2023 #Analytics #Palladium #Precious metals
Queensland Pacific Metals inks nickel supply agreement with New Caledonian mining company SMGM
Queensland Pacific Metals Ltd (ASX:QPM) has struck a binding ore supply deal with New Caledonian company Société Minière Georges Montagnat (SMGM), one of the original supporters of QPM and the TECH Project. The companies have formalised the 10-year ore supply agreement for up to 200,000 wmt per annum, targeting a typical limonite ore specification of 1.5% nickel and 0.18% cobalt....
XLR8 Metals is preparing a brew with strong nickel potential in Tanzania and Sweden
Nickel is one of the critical metals which plays an instrumental role in the energy transition and it’s likely that the electrification of transport will see nickel prices remain strong over the coming decades. The metal’s inclusion in the US critical minerals list, underpinned by the US Government’s Inflation Reduction Act, along with the recently announced Critical Raw Materials Act...
Ground Breakers: Gold retreats, copper-zinc discovery powers Aeris
Gold miners have shed the exuberant skin they formed as failing banks sent investors rushing for safe havens early this week. That has been replaced by a nervous atmosphere, with nailbiting all round as gold producers wait to see where the US Fed heads with interest rates tonight. Prices fell over 2% overnight, with the London Bullion Marketing Association reporting...
Nornickel completing last stage of Taimyrsky mine rehaul to extend production capacity, lifespan
Russian diversified metals producer Nornickel is rehauling its Taimyrsky mine, and the upcoming completion of the Bolshoi Gorst area project is set to increase its production capacity, the company announced. Nornickel launched the investment project targeting the Bolshoi Gorst area in 2009. The project was divided into five parts, and the final one is nearing completion. The cost of the...
France sets sights on ‘lithium club’
Lithium de France has successfully completed its latest funding round, raising EUR 44 million after equity was allotted to institutional buyers including Arverne Group, Equinor Ventures and Hydro. It is worth nothing that Arverne Group, the main investor in Lithium de France, implements geothermal projects in France, Equinor Ventures is a subsidiary of Norwegian oil and gas corporation Equinor, which...
Nickel miner Mincor seeks better offer after Forrest bids $760m
Takeover target Mincor Resources has told its shareholders to wait for a better offer after mining billionaire Andrew Forrest lobbed a $760 million bid for one of Western Australia’s biggest nickel producers. Shares in the Perth-based Mincor shot up 41 per cent, or 43 cents, to $1.47 a share on Tuesday, well above the $1.40 a share offer put on...
Posco Future M to invest $300 million to build high-nickel cathode plant
Posco Future M will invest 392 billion won ($300 million) to build a high-nickel cathode plant in Pohang, to seize the opportunity that is the growing demand for the high-density battery. The facility in North Gyeongsang will produce 30,000 tons of high-nickel nickel-cobalt-aluminum (NCA) cathodes annually, which is enough to supply batteries for 300,000 EVs. The investment comes as the...
Copper rose as worries over a global banking crisis eased
Copper yesterday settled up by 0.48% at 758.35 as worries over a global banking crisis eased, with copper further supported by improving consumption in China. Measures by authorities to avert a global banking crisis lifted market confidence as investors welcomed a historic Swiss-backed acquisition of troubled Credit Suisse (SIX:CSGN) by UBS Group and emergency dollar liquidity from top central banks....
Rio Tinto has more work to do, cultural heritage audit finds
Rio Tinto has more work to do to protect Indigenous cultural heritage at its mines around the world, according to an independent audit of its practices, the world’s biggest iron ore miner said on Monday. Rio Tinto commissioned the audit as part of a pledge to overhaul its practices after it destroyed culturally significant rock shelters at Juukan Gorge in...
McEwen says stage is set for better 2023, urgency of copper IPO reduced
Canadian mining firm McEwen Mining has pushed out plans for going public with its copper venture to later in the year or early next year, chairperson and chief owner Rob McEwen said on Tuesday, noting that the recent investments by European automotive group Stellantis and diversified major Rio Tinto have reduced the urgency to do an initial public offering (IPO)....
Recharge Metals is moving into Quebec’s hottest lithium address
Recharge Metals is pivoting towards lithium exploration with its acquisition of intriguing Express project in the heart of Quebec’s James Bay region – an emerging lithium district. The large-scale project, which covers 73.5km2, has reported outcropping pegmatites and is interpreted to be within a spodumene-bearing pegmatite trend that hosts the high-grade James Bay Deposit and Pontax Lithium Project. However, the...
IperionX and SLM Solutions announce titanium powder supply MOU
IperionX Ltd., Charlotte, North Carolina, USA, has announced the signing of a non-binding Memorandum of Understanding (MOU) with SLM Solutions Group AG, Lübeck, Germany, for the potential supply of spherical titanium metal powders from IperionX’s planned Titanium Demonstration Facility (TDF) to SLM. SLM serves customers with an installed base of over 850 Laser Beam Powder Bed Fusion (PBF-LB) Additive Manufacturing...
Lithium de France raises EUR 44 million Series B funding
Lithium de France, a pioneer in geothermal heat and lithium headquartered in Bischwiller in Northern Alsace, France, has successfully finalized its Series B for an amount of 44 million. This follows a previously reported Series A funding round that will finance the company’s work on extracting lithium from geothermal brine. The capital increase will be subscribed by its main shareholders,...
Resouro Commences Field Work at Tiros Titanium and Rare Earths Project in Brazil to Collect Data for Initial Resource Estimation
Resouro Gold Inc. (TSXV: RAU) (“Resouro” or the “Company”) is pleased to announce that the Company has initiated a work program at the Tiros Titanium-REE Project where Resouro recently acquired a 33% stake with a farm-in agreement for a 90% interest announced on February 15, 2023 (see Press Release). The Tiros Project represents 10 mineral concessions totalling 152 km2 located...
Antilles Gold launches entitlement issue of new options to fund copper exploration in Cuba
Antilles Gold Ltd (ASX:AAU, OTCQB:ANTMF) is conducting a pro-rata non-renounceable entitlement issue of a new class of options to fund the exploration of its copper prospects in Cuba. Options will have an exercise price of A$0.10 per option, expiring on June 30, 2025, with eligible shareholders of the company receiving one new option for every three fully paid ordinary shares...
Aterian reports high-grade copper from work at Morocco project
London-listed Aterian has announced results, including 4.43% copper and 3.11% copper from brecciated vein samples, from geological work completed on its Jebilet Est project. The project, which covers an area of 45.2 km2, is located north of Marrakech within the Marrakech-Safi region of Morocco. The project is one of 15 copper, silver and base metal projects owned by Aterian which...
Asra onto high-grade rare earths, scandium near Leonora
Asra Minerals’ Yttria prospect within its Mt Stirling project near Leonora in WA’s Goldfields has thrown up traces of highly sought-after “heavy” rare earths in addition to lucrative scandium that stretches from only 2m below surface to the bottom of 40m drill holes. Headline drill numbers include 48m at 90 parts per million scandium oxide from 3m and 7m at...