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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.