The project's preliminary economic assessment based on prior resource estimates outlined a 25-year operation that would produce 842,000 tonnes of nickel.

Many miners have raised their unit cost guidance during their June-quarter financial reporting, signalling an intensification of a trend picked up on during the first quarter.

Pure Gold said output fell during the second quarter due in part to cash-preservation measures taken by the company while negotiating financing agreements.

The aggregate purchase price for the outstanding shares of Loncan will be equal to C$16 million.

Over its 12-year mine life, the Lawyers mine is expected to produce 141,000 oz. of gold and 2.2 million oz. of silver annually.

The second phase has now begun, consisting of bathymetry for receiving waterbodies and lakes surrounding the project.

The world must rapidly build clean energy infrastructure to confront climate change. That means mining.

One drill hole returned 0.69 g/t gold and 0.17% copper over 8.93 metres, including 9.05 g/t gold and 1.75% copper over 0.41 metre.