Category: Latest Mining News

Shares in Class 1 Nickel and Technologies (CSE: NICO; US-OTC: NICLF) gained 43% Thursday to 20¢ apiece after the company released a second resource update in a month for the Alexo-Dundonald project in northern Ontario.

BHP (ASX: BHP; LSE: BHP; NYSE: BHP) and Australian junior Kingsrose Mining (ASX: KRM) inked on Wednesday two joint agreements to explore and develop nickel and copper assets in Norway and Finland.

Gold Rim Exploration Inc. have announced the appointment of Mr. James Grainger as their Head of Project Development. He will start his employment on June 1st, 2024.

China’s top copper producer Zijin Mining expects to produce 4% more copper in 2025 than previously planned to profit from the metal’s price ongoing rally, driven by anticipated supply shortages.

Australia’s Lucapa Diamond (ASX: LOM) has put its 70% stake in the Mothae mine in Lesotho up for sale to focus on its core assets and is discussing options for the 30% held by the country’s government.

Rio Tinto (ASX: RIO; LSE: RIO) reportedly considered a bid for Anglo American (LSE: AAL) in recent months and the second largest miner has not dismissed the possibility of acquiring a portion or the entirety of the company, now a target of BHP (ASX: BHP).

Brazil-focused Sigma Lithium (TSXV: SGML; NASDAQ: SGML) announced on Wednesday that it has bumped up proven and probable reserves at its flagship Grota do Cirilo hard rock lithium mine by 40.5%. Shares rose slightly.

A Sierra Metals (TSX: SMT, US-OTC: SMTSF) update has converted between one-fourth and more than one-half of the resources at its Yauricocha and Bolivar underground polymetallic mines to reserves.

Savannah Resources (AIM: SAV) has announced a significant resource upgrade for the Barroso lithium project in Portugal, with 93% of resources now in the indicated category.

Li-FT Power (TSXV: LIFT; US-OTC: LIFFF) reported on Tuesday one of its strongest assays yet of 1.34% lithium oxide (Li2O) over 35 metres at its Big East target near Yellowknife, as it eyes an initial resource for Q3.

Pan American Energy (CSE: PNRG; US-OTC: PAANF) reported on Friday assays as high as 2.75% lithium oxide (Li2O) over 1 metre from its Big Mack project in northwestern Ontario, comparable with Avalon Advanced Materials’ (TSX: AVL; US-OTC: AVLNF) Big Whopper deposit.

Samarco and its shareholders, Vale (NYSE: VALE) and BHP (NYSE: BHP; ASX: BHP), have presented a new reparation proposal to the Brazilian government and the states of Minas Gerais and Espírito Santo for the breach of the Fundão dam in Mariana in 2015.