With this update, Lundin has effectively replaced all reserves mined (1.38 million ounces) from the beginning of operations in late 2019 while adding additional reserves (1.58 million ounces).

Many in industry say Canada must do more to be a key player in the green transition as the IRA is already spurring investment in the United States.

Arca was named as one of Canada’s most investable cleantech ventures and won a $1 million award from XPRIZE and the Musk Foundation in a carbon removal competition.

The updated Eagle technical report shows an average annual gold production of 202,000 ounces over the first eight years.

The company also shared over C$330 million with its shareholders in dividends and share buybacks.

Li-FT acquired the Yellowknife lithium project last year.

Gold Fields shares fell 5% on Thursday after it flagged a further delay at its Salares Norte project in Chile.