Five Eyes countries working to fight critical minerals dumping, Canada minister says

The company has set of guidance of 130,000-145,000 GEOs for the year.

The project facilitates remote access to hyperspectral drill core imagery in the eastern Canadian province, impacting mineral exploration in the region.

The new zone remains open to the northwest, projecting towards the Homestake Main deposit.

The new resource includes 813 million tonnes of indicated material grading 0.29% nickel equivalent.

Results from a 2021 campaign show that Minastyc holds important concentrations of critical minerals, including niobium, gallium and germanium.

New Gold aims to produce 410,000 to 460,000 ounces in 2026 by boosting output at current mines and completing growth projects.

Uranium spot prices more than doubled to $100/lb. at the end of January 2024.

The processing plant in Ontario is expected to begin production in 2027 and process 80,000 tonnes of nickel annually.

Proceeds will go towards the Mantoverde optimized project and Santo Domingo detailed engineering.