Demand for battery metals to jump 500% by 2050

The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.

EY notes that after the fifth consecutive year of declining deal volume and values, increasing levels of financial distress will trigger more divestments, spin-offs, joint ventures and possibly hostile takeover bids.

Cameco's McArthur River mine in northern Saskatchewan is expected to produce 20 million pounds this year.

The deal values Claude Resources at Cdn$377 million in total or the equivalent of about $1.65 per share.

The move comes as the Asian country is launching a new program this week that aims to attract mining exploration.

The global exploration sector continues to struggle against strong market headwinds, a new reprt shows.

The first green shoots of a mining rally showed themselves in the fourth quarter, according to a new report from EY describing the performance of the Canadian Mining Eye Index.

The Cdn$240 million deal is expected to close in late April.

Toronto junior's shares up 14% after grabbing samples ranging from 5g/t to 198g/t gold over 15km of strike length at its newly-consolidated Qiqavik project.