Mining magnets: Arctic island finds green power can be a curse
Companies are racing for approval to dig into what the USGS calls the world’s biggest undeveloped deposits of rare earth.
Companies are racing for approval to dig into what the USGS calls the world’s biggest undeveloped deposits of rare earth.
Chinese funds stepped into the driving seat last week with one player placing a mega $1-billion bet on higher prices.
Drill highlights include 49 metres of 2.82 g/t gold and 57 g/t silver (3.58 g/t gold-equivalent) starting at 98 metre.
The company has entered into an agreement with Orion Mine Finance to add 10% from Orion’s 50% share of the project.
Falcondo’s plan to mine the Loma Miranda area was considered controversial.
This month’s crowd surge on the silver market quickly dissipated after the price lost momentum above the $30-per ounce level and fell back just as sharply as it had risen.
The Canadian miner’s subsidiary signed a definitive agreement to acquire the asset from Industrias Peñoles.
Base and battery metals exploration and development assets in North America that are on investors’ radar screens.
The company’s two Ontario underground mines both posted strong performance in the quarter.
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known investor to make $40 million within weeks.