Mining
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X @Bloomberg
Bloomberg· 2026-03-10 01:40
Mongolia’s government is seeking to renegotiate a loan from Rio Tinto, which the nation used to fund its share of building one of the world’s biggest copper deposits, the Financial Times reported https://t.co/NTYj3XATpv ...
Venezuelan lawmakers open debate on a mining bill to lure foreign capital
Yahoo Finance· 2026-03-10 00:52
Core Viewpoint - Venezuelan lawmakers are debating a bill proposed by acting President Delcy Rodríguez to regulate the mining industry and attract foreign investment, reflecting a shift towards privatization in the country’s resource sectors [1][2]. Group 1: Legislative Intent and Context - The bill aims to generate confidence among foreign investors who previously lost assets due to expropriations, and to draw capital necessary for boosting the mining industry [2]. - This legislative action follows pressure from the Trump administration and is part of a broader strategy to stabilize Venezuela, which has faced a complex crisis during Nicolás Maduro's presidency [3][4]. Group 2: Resource Potential and Industry Conditions - Venezuela is rich in various minerals, including gold, copper, coltan, bauxite, and diamonds, with critical minerals like niobium and tantalum essential for technology and electric vehicle batteries [5]. - The mining industry currently suffers from unsafe working conditions due to poor regulation, highlighting the need for reform [5]. Group 3: Bill Provisions and Investor Assurance - The proposed bill includes regulations on mineral rights, categorization of mining operations, and provisions for independent arbitration of disputes, which are crucial for protecting foreign investments from future expropriation [7]. - The independent arbitration clause mirrors similar provisions in the recent oil industry reform, indicating a trend towards enhancing investor protections [7].
X @The Wall Street Journal
The Wall Street Journal· 2026-03-09 23:33
Exclusive: Emissions from a Chinese cobalt-processing plant in central Africa sickened residents and workers as the company raced to increase production of a mineral critical to making electric-car batteries, an environmental group says. https://t.co/2h77Lu240J ...
MAX Power Announces $20 Million Brokered Offering
Globenewswire· 2026-03-09 22:49
Core Viewpoint - MAX Power Mining Corp. is initiating a private placement offering to raise between C$4,000,000 and C$20,000,000 to fund various projects related to natural hydrogen exploration and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 15,384,615 units priced at C$1.30 each, with each unit comprising one common share and one-half of a common share purchase warrant [1][3]. - Each warrant allows the holder to purchase one common share at an exercise price of C$1.80 within 24 months from the closing of the offering [3]. - An over-allotment option allows the agent to sell an additional 15% of the units to cover any over-allotments, exercisable up to two business days before closing [4]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to an ongoing program of analytical testing, resource modeling, and estimation of the Lawson Natural Hydrogen Discovery [2]. - Funds will also be used for acquiring 2D and 3D seismic data across various targets in Saskatchewan, drilling additional wells, and general corporate purposes [2]. Group 3: Company Background - MAX Power is focused on mineral and energy exploration, particularly in the natural hydrogen sector, holding approximately 1.3 million acres of permits and an additional 5.7 million acres under application [11]. - The company has drilled Canada's first well targeting natural hydrogen at the Lawson site, confirming a working subsurface system [11]. - MAX Power also has properties in the U.S. and Canada focused on critical minerals, including a lithium discovery in Arizona [11].
METC CLASS ACTION NOTICE: Faruqi & Faruqi, LLP Reminds Ramaco Resources (METC) Investors of Securities Class Action Deadline on March 31, 2026
TMX Newsfile· 2026-03-09 22:31
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ramaco Resources, Inc. due to allegations of misleading statements regarding the company's mining activities, particularly at the Brook Mine, which has led to a significant drop in stock price [2][4][5]. Group 1: Legal Investigation - Faruqi & Faruqi is encouraging investors who purchased Ramaco securities between July 31, 2025, and October 23, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Ramaco, with a deadline of March 31, 2026, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Ramaco - The complaint alleges that Ramaco and its executives violated federal securities laws by making false statements and failing to disclose that significant mining activity had not commenced at the Brook Mine [4]. - Wolfpack Research published a report claiming that the Brook Mine is a "hoax" and that no active mining has occurred since its groundbreaking in July 2025, leading to a stock price drop of $3.81, or 9.6%, to close at $36.01 on October 23, 2025 [5].
Mountain Province Diamonds Announces Guidance for 2026, Fourth Quarter and Full-Year 2025 Production and Sales Results, and Details of its Earnings Release and Conference Call for Fourth Quarter and Full-Year 2025
Prnewswire· 2026-03-09 22:00
Guidance for 2026 - The company provides guidance for 2026, including sustaining capital expenditure of $6 million, expected recovery of 6.6 to 7.2 million carats, and total tonnes mined between 23 to 26 million [1] - Discussions with De Beers regarding revised operating costs are ongoing, with production cost details to be finalized later [1] Q4 2025 and FY 2025 Production and Sales Highlights - FY 2025 production totaled 4.33 million carats, slightly above the guidance of 4.3 to 4.7 million carats [1] - Ore mined in FY 2025 was 1.8 million tonnes, below the guidance of 1.9 to 2.2 million tonnes [1] - Approximately 1.9 million carats were sold in 2025 at an average value of $83 per carat, totaling $155.7 million, compared to 2.7 million carats sold in FY 2024 at an average value of $98 per carat for total proceeds of $267.7 million [1] Q4 2025 Production Statistics - Total tonnes mined in Q4 2025 were 8,241,493, an 8% decrease from Q4 2024 [1] - Ore tonnes mined in Q4 2025 were 842,805, a 45% decrease compared to Q4 2024 [1] - Diamonds recovered in Q4 2025 were 1,861,856, with an average grade of 2.15 carats per tonne, a 109% increase from Q4 2024 [1] Sales Performance - Q4 2025 diamond sales totaled 634,333 carats at an average value of $72 per carat, resulting in total proceeds of $45.7 million, compared to 542,812 carats sold in Q4 2024 at an average value of $96 per carat [1] - For FY 2025, 1,880,795 carats were sold at an average value of $83 per carat, totaling $155.7 million, down from 2,718,082 carats sold in FY 2024 at an average value of $98 per carat [1] Conference Call Details - The company will host a conference call on March 25, 2026, at 11:00 am EDT to discuss Q4 and FY 2025 financial results [2]
Zentek Provides PDAC 2026 Update - Government and First Nations Engagement
Accessnewswire· 2026-03-09 20:10
Core Insights - Zentek Ltd. provided an update on its activities at the PDAC 2026 Convention, focusing on government and First Nations engagement regarding the Albany Graphite Project [1] Government Engagement - The company participated in the TSX Canadian Mining Roundtable on March 2, 2026, discussing Canada's critical minerals strategy and the importance of domestic projects for NATO-aligned supply chains [1] - Albany Graphite's nuclear-grade purity and its location in Northern Ontario were highlighted during discussions with federal government representatives and Invest Ontario [1] - The company is advancing Albany's positioning within federal and provincial critical minerals funding frameworks, consistent with its government engagement strategy outlined in a previous news release [1] First Nations Engagement - Zentek attended a working session hosted by the Chiefs of Ontario, focusing on Indigenous consultation frameworks for mineral development in Ontario [1] - A working session with Constance Lake First Nation (CLFN) was held to advance collaboration, as the company prepares for environmental baseline studies and a new Preliminary Economic Assessment [1] - An existing implementation agreement with CLFN outlines governance, roles, responsibilities, and a framework for future project partnership [1] Albany Graphite Project - The Albany Graphite Project is located in Northern Ontario and is held through the company's subsidiary Albany Graphite Corp [1] - Independent testing confirmed Albany graphite achieves ultra-high purity of 99.9992% with a boron concentration of 2.60 ppm, suitable for nuclear-grade applications and lithium-ion battery anodes [1] - The project aims to become a North American source of critical-grade graphite for nuclear, battery, and defense supply chains [1] Company Overview - Zentek Ltd. is focused on developing and commercializing graphene-enabled and advanced material technologies across clean air, next-generation materials, and critical minerals [1] - The company's core platforms include Albany Graphite, ZenGUARD™, and Triera [1]
1911 Gold closes $15M first tranche of Auramet credit facility
Proactiveinvestors NA· 2026-03-09 19:37
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]
Is La Colorada Mine Set to Become Major Growth Driver for PAAS?
ZACKS· 2026-03-09 18:10
Core Insights - Pan American Silver Corp. (PAAS) invested $94 million in 2025 to advance major projects, particularly focusing on the La Colorada mine in Mexico and reevaluating the Skarn project due to new high-grade silver discoveries [1][8] Group 1: Project Developments - The company plans to combine the La Colorada vein mine with the Skarn project using a phased development approach, allowing for initial focus on high-grade, low-tonnage, and less capital-intensive stages [2] - Initial mine infrastructure mobilization is underway at the Skarn project, while drilling and underground development continue in Candelaria's deep east sections [3] - Exploration at La Colorada has yielded exceptional results, with at least four new high-grade veins discovered, and 40% of drill holes exceeding 1,000 g/t silver, indicating potential for resource expansion [3][8] Group 2: Production Expectations - Pan American Silver anticipates total silver production of 25-27 million ounces in 2026, with significant contributions from La Colorada expected to drive this growth [4] Group 3: Market Performance and Valuation - PAAS shares have increased by 158.3% over the past year, compared to the industry's growth of 212.3%, while the Basic Materials sector rose by 47.5% and the S&P 500 by 24.6% [7] - The consensus estimate for PAAS's earnings in 2026 is $3.97 per share, reflecting a year-over-year increase of 56.3%, with a slight increase to $4.14 expected in 2027 [10] - PAAS is currently trading at a forward price-to-earnings multiple of 14.88X, below the industry average of 18.15X [11]
X @CoinMarketCap
CoinMarketCap· 2026-03-09 17:35
LATEST: ⚡ Nvidia-backed startup Starcloud says it will start mining Bitcoin from space later this year when its second spacecraft launches. https://t.co/4nllwn4sk2 ...