Sprott increases stake in Orefinders

Final regulatory hurdle before construction can start at $2.8 billion nickel project in Quebec, Canada.

The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Until now Canadian companies needed to have at least 51% stake in any uranium project.

Collectively, Canada's energy sector lost more than $600 million in the first three months of this year, and the Canadian economy shrank in the same period, as the collapse in oil prices took its toll.

In recent months the mine has been pumped out and now the company is working on fixing existing power lines and bringing equipment to the site.

The Chinese firm already mines gold next door to a Phoenix deposit.

"I can feel the dust on my teeth."

Seabridge's KSM project in BC, world's largest undeveloped gold deposit, comes under attack from non-profit founded by Sierra Club chairman.