The company says the money will be used to complete key development milestones for the British Columbia gold-silver project.

Banyan said it will continue to focus on growth at the Yukon property and has already drilled 15,000 metres subsequent to this mineral resource update.

The investment bank says its forecasts for major rises in raw materials this year hadn’t panned out so far, but calls for a major rally.

The company is piloting its patented process at its Markham, Ontario, facility.

Firms in the materials sector have raised C$1.6 billion on the Toronto Stock Exchange since the beginning of 2023.

Women currently hold 14% of all mining executive positions and 12.3% of board roles, data showed.

Vast US government spending powers unleashed through the Inflation Reduction Act and Defense Production Act are intended to kickstart a made-in-America green industrialization effort.

Teck has paid millions in fines related to pollution from its British Columbia operations and is still working to stem the contamination of watersheds in the region.