Mining
Search documents
TomaGold Announces Amendments to Mining Property Option Agreements
Businesswire· 2025-09-22 11:30
MONTREAL--(BUSINESS WIRE)--TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) ("TomaGold†or the "Company†) announces that it has entered into amendments (the "Amending Agreements†) with Chibougamau Independent Mines Inc. (TSXV: CBG) ("CIM†) and Globex Mining Enterprises Inc. (TSX: GMX) ("Globex†), to the option agreements dated August 11, 2023, as amended, pursuant to which the Company has the right to acquire up to one hundred percent (100%) interest in certain mining properties that currently fo. ...
US agency wants to buy scandium oxide from Rio Tinto for defence stockpile
Yahoo Finance· 2025-09-22 11:23
Core Insights - The U.S. Defense Logistics Agency plans to purchase up to $40 million worth of scandium oxide over the next five years to secure supplies for the national stockpile, following China's export controls on the material [1][2] - The acquisition includes a target of 6.4 metric tons of scandium oxide, with nearly 2 tons sought in the first year, representing about 5% of last year's global production [2][3] - Rio Tinto has been identified as the sole vendor capable of meeting the government's requirements for scandium oxide, with the company actively collaborating with the U.S. government to enhance domestic production [4][5] Company Insights - Rio Tinto's facility in Quebec, Canada, produced its first batch of scandium oxide three years ago and currently has an annual production capacity of 3 metric tons [5] - The company has developed a process to extract high-purity scandium oxide from titanium dioxide production waste, which eliminates the need for additional mining [4]
X @Bloomberg
Bloomberg· 2025-09-22 11:18
Codelco has a window of opportunity to return to the debt market as investors look past a fatal accident at its largest mine and focus instead on rising copper prices and lower interest rates https://t.co/GzafWqN0bm ...
*ST正平:公司开采能力不足 能否产生收益存在重大不确定性
Xin Lang Cai Jing· 2025-09-22 11:09
*ST正平公告,公司全资子公司格尔木生光矿业开发有限公司取得了青海省自然资源厅颁发的《采矿许 可证》。公司开采能力不足,矿产资源开发未来需大规模投入建设和运营,但公司目前无充足资金、人 员及设备等用于后续开采,矿产资源后续开采进展、能否产生收益均存在重大不确定性。 ...
Metallurgical Test Work Improves Gold Recovery to 85% (+22%) for the Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-09-22 11:00
Core Viewpoint - U.S. GoldMining Inc. has announced promising results from its metallurgical test work program for the Whistler Gold-Copper Project, indicating that gold recoveries exceeding 85% are achievable, significantly improving upon previous results of approximately 70% [2][5][9]. Metallurgical Test Work Results - The 2025 metallurgical test program aimed to optimize metal recovery from drill core samples, resulting in an overall gold recovery of 85.3%, an increase of 22% from earlier tests [2][5]. - The combination of conventional flotation and sequential leach processes has been crucial in enhancing gold recovery [2][5]. - The program achieved recoveries of 79.1% copper and 55.3% silver alongside gold recovery [5][9]. Process Details - The test work involved a primary grind size of 120 µm and a secondary grind size of 16 µm, classified as 'Hard' to 'Very Hard' [4]. - A total of 28 flotation tests and four leach tests were conducted, providing essential inputs for the ongoing Preliminary Economic Assessment (PEA) [5][6]. Recovery Metrics - The locked cycle tests produced a copper concentrate with a grade of 23.7% Cu, with initial recoveries of 54.1% Au, 79.1% Cu, and 55.3% Ag [5][7]. - Additional leaching of the rougher flotation circuit tails resulted in a further recovery of 31.2% Au, contributing to the overall gold recovery of 85.3% [9][12]. Project Overview - The Whistler Gold-Copper Project is located 105 miles northwest of Anchorage, Alaska, covering approximately 53,700 acres [13]. - The mineral resource estimate for the project includes 294 million tonnes at 0.68 g/t AuEq for 6.48 million ounces AuEq indicated, and 198 million tonnes at 0.65 g/t AuEq for 4.16 million ounces AuEq inferred [13].
Navigating Monday’s Market: Futures Dip Amid H-1B Visa Concerns and Key Economic Data Ahead
Stock Market News· 2025-09-22 10:07
Market Overview - U.S. stock futures are trending lower, indicating a cautious start to the trading week after major indexes closed at record highs [1][2] - The S&P 500 futures are down 0.3%, Dow Jones futures are also down 0.3%, and Nasdaq futures show a larger decrease of 0.4% [2] - European indexes have started the week lower, with Germany's DAX down 0.6%, France's CAC 40 down 0.5%, and London's FTSE 100 declining by 0.1% [3] Economic Data and Events - Key economic data to be released includes the August Personal Consumption Expenditures (PCE) price index, with consensus estimates predicting a 2.7% increase for the headline PCE and a 2.9% rise for the core PCE [4] - Provisional Purchasing Managers' Index (PMI) surveys for September are expected, with the U.S. S&P Manufacturing & Services PMI scheduled for Tuesday [5] - A looming deadline to prevent a U.S. government shutdown is also a concern for investors [5] Corporate Developments - President Trump's decision to impose a $100,000 one-time fee for new H-1B visas is expected to significantly impact technology and financial sectors, leading to lower shares for Indian IT companies like Tata Consultancy Services and Infosys [6] - FedEx Corporation shares advanced by 2.3% after reporting stronger-than-expected first-quarter fiscal 2026 adjusted earnings [7] - Lennar Corporation shares fell by 4.2% after missing third-quarter fiscal 2025 adjusted earnings estimates [7] - Newmont Corporation surged 4.3% following the sale of its stake in Orla Mining [7] - Brighthouse Financial Inc. experienced a significant jump of 27.2% amid advanced acquisition talks with Aquarian Holdings [7] - Apple Inc. shares jumped 3.2% driven by strong demand for the new iPhone 17, with preorders in China reportedly topping those of the iPhone 16 in just one minute [7] - Oracle Corporation gained 4% after reports of discussions with Meta Platforms for a multi-year cloud computing deal worth $20 billion [11] - Airline stocks, including British Airways owner IAG, Lufthansa, and Air France-KLM, are down following a cyberattack targeting major airports [11]
LEADING EDGE MATERIALS PROVIDES AN UPDATE ON THE NORR KARR HREE PROJECT
Globenewswire· 2025-09-22 06:30
Core Viewpoint - Leading Edge Materials Corp. is advancing its Norra Kärr Heavy Rare Earth Elements Project by submitting supplementary information for an Exploitation Concession application, addressing environmental concerns raised by local authorities and stakeholders [1][2][5]. Company Updates - The company has submitted additional information to the Mining Inspectorate in response to requests from the County Administrative Boards of Jönköping and Östergötland regarding environmental impacts [2]. - CEO Kurt Budge expressed confidence in the comprehensive response to permitting questions, highlighting over 15 years of development work on the Norra Kärr project [6]. - The project features a 65% smaller operational footprint and focuses on extraction and mineral processing, aiming to reduce environmental impact while enhancing commercial potential [8]. Industry Context - China currently dominates the rare earth elements supply chain, creating a reliance for Europe on Chinese sources for heavy rare earth elements (HREEs) [3]. - Recent geopolitical developments, including the EU's negotiation to relax REE export restrictions from China, have led to significant price increases for HREEs like dysprosium and terbium [4]. - The Geological Survey of Sweden has recognized the Norra Kärr deposit as one of Europe's richest sources of heavy rare earth elements, underscoring its importance for Sweden and the EU's supply [5].
X @Bloomberg
Bloomberg· 2025-09-22 02:55
Copper held gains from the previous session, as traders weighed the impact on global supplies from an accident in Indonesia that’s left the world’s second-largest mine suspended for two weeks. https://t.co/9uPrE0g4QY ...
X @Bloomberg
Bloomberg· 2025-09-22 01:55
Cobalt prices edged lower in China after the Democratic Republic of Congo announced plans at the weekend to replace a months-long ban on shipments of the raw material with export quotas https://t.co/XzjfP1DFMF ...
刚果(金)将于10月结束钴出口禁令,并引入配额制
Hua Er Jie Jian Wen· 2025-09-22 01:32
全球最大的钴生产国——刚果(金)正准备结束长达数月的出口禁令,取而代之的是一套严格的出口配 额体系。 9月21日周日,刚果(金)战略矿产市场监管控制局(ARECOMS)在一份声明中宣布,自今年2月起实 施的钴出口禁令将于10月15日结束。紧随其后,一项新的出口配额政策将立即生效,直至另行通知。 配额细节出炉,供应"阀门"拧紧 根据ARECOMS发布的新规,该国矿企在今年剩余时间内将被允许出口略超1.8万吨的钴。而在2026年 和2027年,每年的出口配额上限被设定为9.66万吨。 这一数字与刚果(金)的实际产能形成鲜明对比。根据专业贸易公司Darton Commodities的数据,仅在 2024年,该国的钴产量就接近22万吨,占全球总产量的约四分之三。这意味着,未来的年度出口配额不 足其2024年产量的一半,或预示着全球钴供应依然将受到显著限制。 ARECOMS表示,配额将根据各公司的历史出口量按比例计算,并"将通知到每家公司"。 值得注意的是,2026年和2027年授权出口量中有10%将分配给该机构,"用于国家战略重点项目"。 ARECOMS声明还说,该机构有权根据市场走势或"推进钴氢氧化物向高附加值产品 ...