Financing is composed of a $21 million net smelter return royalty over the Borborema project, and a $10 million gold-linked loan.

The new 21-year mine plan includes operational enhancements such as remobilizing idle haul trucks, opening additional mining faces, and accelerating stripping to access higher-grade ore.

The funds will be used to support a mini-pilot to confirm certain process design criteria and improvements to the NICO project metallurgical processes in Canada's Northwest Territories. .

Under the terms of the current JV agreement, IAMGOLD has the option to acquire an additional 5% interest for 80% by delivering a feasibility study on the Nelligan project.

The CEO says the company is aware that the world’s eyes are on them.

The existing standard to refine these strategic minerals is an expensive and dirty process that China has spent the past 30 years mastering.

The Bucko Lake mine operated from 2009 to 2012.

The net proceeds will be used to fund its Magino gold mine in Ontario and Florida Canyon gold mine in Nevada.