Mining DECODED
Latest edition: 17 May 2024
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Spotlight
US, Canada co-invest in Fortune Minerals, Lomiko projects
The funding to Fortune is aimed at advancing the NICO cobalt-gold-bismuth-copper project in Canada towards construction.
Latest news
West Red Lake Gold Mines raises $24.1m in bought deal offering
Raymond James acted as the lead underwriter and sole bookrunner on behalf of a syndicate of underwriters.
Basin Uranium acquires Great Divide Basin uranium project in Wyoming
The company staked 104 unpatented mineral lode claims covering around 1,880 acres.
AIC gets mining lease for Jericho copper mine in Queensland
The mining lease, which commences on 1 June 2024, encompasses an area of 881.7 hectares (ha).
PT Vale Indonesia secures permit extension until 2035
Vale’s Indonesian unit, PT Vale Indonesia, has been granted an extension of its IUPK, ensuring operations until 28 December 2035.
Perpetual signs rare earth option deal in Minas Gerais, Brazil
Perpetual Resources has signed a binding term sheet with Mineracao Serra Do Sao Domingos for an option to acquire rare earth element (REE), niobium and scandium mineral rights at the Raptor project in Minas Gerais, Brazil.
Uranium miner Peninsula Energy announces $70.52m equity raise
Australian Securities Exchange (ASX)-listed uranium mining company Peninsula Energy has announced a fully underwritten equity raising of A$105.9m ($70.52m) to fully fund the company to a position of sustainable positive free cash flow within the next two years.
Torque signs option deals to acquire WA gold and lithium assets
The tenements are located near the Horse Rocks, Kangaroo Hills and Mt Marion Lithium projects, and the Spargoville region.
In our previous edition
Mining Decoded
Coal India and NMDC on global hunt for lithium mines
16 May 2024
Mining Decoded
Australia commits A$7bn to tax incentive for critical minerals processing
15 May 2024
Mining Decoded
OceanaGold Philippines raises $106m in IPO
14 May 2024
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