Callinex drills high-grade copper in Rainbow discovery step-out in Manitoba

Turns out, it may be easier to strike gold by growing green.

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.

Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up.

The project is being proposed by Toronto-based Aquila Resources.

It could take up to 90 days to make determinations.

"No drilling, no discoveries, no reserves, no mines."

Geopolitical turmoil not piercing bullion markets yet – gold in tightest weekly trading range in percentage terms since 2012; in dollar terms since 2007.

The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.

“The dominant union, which represents the majority of workers, is not involved in the action,” an official statement reads.