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FTI Consulting Bolsters Mining Sector Expertise in Australia with Addition of Carrie Grimes
Globenewswire· 2026-03-02 21:30
Core Insights - FTI Consulting has appointed Carrie Grimes as a Senior Managing Director in the Business Transformation – Mining practice within its Corporate Finance segment in Australia [1][2] - Ms. Grimes brings over 20 years of experience in strategic transformation programs across various industries, including mining, oil and gas, utilities, and infrastructure [2] - Her role will focus on assisting global mining clients in navigating challenges related to resource and energy transition while capitalizing on industry opportunities [3] Company Overview - FTI Consulting is a leading global expert firm specializing in crisis and transformation, with over 8,100 employees in 32 countries as of December 31, 2025 [6] - The company generated $3.80 billion in revenues during the fiscal year 2025 [6] Industry Context - The global energy transition and geopolitical tensions are influencing commodity markets, production, capital costs, and capital flows, necessitating change within the mining industry [4] - The firm aims to enhance its capabilities in operations improvement, which is critical for asset-intensive organizations [5]
Madoro Metals Corp. Provides Update On Proposed Reverse Takeover With Narrow River Resources
Thenewswire· 2026-03-02 21:20
Core Viewpoint - Madoro Metals Corp. is progressing with a proposed reverse takeover of Narrow River Resources Pty Ltd, with ongoing work related to regulatory filings and documentation [1][2]. Group 1: Proposed Transaction Details - The proposed reverse takeover is subject to the execution of definitive documentation, regulatory approvals, and shareholder consent [3][8]. - The transaction is being advanced in accordance with TSX Venture Exchange Policy 5.2, with all necessary components being addressed [2]. Group 2: Company Overview - Madoro Metals Corp. is an emerging resource company focused on the evaluation, acquisition, and exploration of mineral properties in Canada and Mexico [6]. - The company holds a 100% interest in the First Green Lithium Property in Quebec, a 50% interest in the Ralleau mineral property, and a 100% interest in the Cerro Minas Property in Mexico [6].
Montero Mining uses AI tools to pinpoint drill targets at Chilean gold project
Proactiveinvestors NA· 2026-03-02 20:49
About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...
Silver Hammer Discusses 2026 Exploration Season and Outlook After Completion of Successful Financing
TMX Newsfile· 2026-03-02 16:47
Core Viewpoint - Silver Hammer Mining Corp. is well-financed and poised to advance an aggressive exploration program in 2026, focusing on its three high-grade silver projects in Idaho and Nevada, as well as the new Fahey Project in Idaho [2] Project Updates and Next Steps - **Silverton Project**: The company plans to complete a Phase 2 program based on Phase 1 results in Q2 2026, having completed a Phase 1 drill program of 2,420 feet across six reverse circulation holes [3][4] - **California Patent**: A 6-to-8-hole short hole RC program is set for Q2 2026 to explore beneath the historical California Mine [3] - **Silver Strand Project**: An 8-hole RC program is planned for Q2 to Q3 2026, with the Plan of Operations Permit already awarded [3][6] - **Fahey Project**: An aggressive surface exploration program will be executed from Q2 to Q4 2026, leading to a drill permit application by year-end [3][10] - **Eliza Project**: A 10-to-12-hole RC program is planned for Q3 to Q4 2026, pending final permit approval [3][7] Project Specifics - **Silverton Project**: Multiple drill targets have been identified, focusing on areas near historic high-grade mine workings, with samples submitted for analysis [4][5] - **Silver Strand Project**: Historical drilling has indicated high-grade silver and gold mineralization, with plans to follow up on these results in 2026 [6] - **Eliza Project**: Comprises four historical high-grade silver mines, with a full technical review underway to assist the upcoming exploration program [8][9] - **Fahey Project**: Located in the Silver Valley, it has over 20 identified veins, and the company plans to conduct a surface exploration review in summer 2026 [10] Company Overview - Silver Hammer Mining Corp. is focused on advancing high-grade silver projects in the U.S., controlling 100% of six previously producing silver mines in Idaho and Nevada, and aims to explore and develop projects near past-producing mines [17]
Greenland Resources Conditionally Approved for up to $7 Million From the Government of Canada
Businesswire· 2026-03-02 16:47
Core Viewpoint - Greenland Resources Inc. has received conditional approval from the Government of Canada for a non-repayable contribution of up to $7,000,000 to support its Malmbjerg Molybdenum Optimization & Magnesium and Rare Earth By-product Feasibility Study project [1] Funding Details - The funding amount is set at a maximum of $7,000,000 [1] - The financial support will be provided through Natural Resources [1] - The approval is conditional and subject to final diligence and definitive documentation [1]
NorthWest Announces Updated Mineral Resource at Kwanika Reflecting Strategic Shift to Higher-Grade Copper-Gold Focus
Globenewswire· 2026-03-02 14:49
Core Viewpoint - NorthWest Copper Corp. has announced an updated mineral resource estimate for the Kwanika Central deposit, which is part of its 100% owned Kwanika-Stardust Project, aimed at supporting an updated Preliminary Economic Assessment (PEA) targeted for mid-2026 [1][2]. Mineral Resource Overview - The updated mineral resource estimate includes: - Indicated Mineral Resource: 16.22 million tonnes (Mt) grading 0.63% Cu, 0.74 g/t Au, 2.0 g/t Ag, or 1.27% CuEq, totaling 226.6 million lbs of Cu, 383 thousand ounces of gold, and 1,035 thousand ounces of silver [5][7]. - Inferred Mineral Resource: 28.97 Mt grading 0.48% Cu, 0.63 g/t Au, 1.5 g/t Ag, or 1.05% CuEq, totaling 307.6 million lbs of Cu, 589 thousand ounces of gold, and 1,393 thousand ounces of silver [5][7]. Open Pit and Underground Resource Breakdown - Open Pit Mineral Resources: - Indicated: 8.99 Mt grading 0.55% Cu, 0.51 g/t Au, 1.8 g/t Ag, or 0.98% CuEq, for 109.5 million lbs of Cu, 148 thousand ounces of gold, and 512 thousand ounces of silver [5][8]. - Inferred: 9.18 Mt grading 0.33% Cu, 0.35 g/t Au, 1.0 g/t Ag, or 0.63% CuEq, for 66.1 million lbs of Cu, 104 thousand ounces of gold, and 300 thousand ounces of silver [5][8]. - Underground Sub-Level Cave (SLC) Mineral Resources: - Indicated: 7.23 Mt grading 0.73% Cu, 1.01 g/t Au, 2.3 g/t Ag, or 1.64% CuEq, for 117.0 million lbs of Cu, 235 thousand ounces of gold, and 523 thousand ounces of silver [5][10]. - Inferred: 19.8 Mt grading 0.55% Cu, 0.76 g/t Au, 1.7 g/t Ag, or 1.24% CuEq, for 241.5 million lbs of Cu, 485 thousand ounces of gold, and 1,093 thousand ounces of silver [5][10]. Mining Methodology and Future Plans - The updated resource estimate incorporates a top-down sub-level cave mining method, which is a first for this deposit, and aims to manage dilution through higher resolution mine designs and processing technologies [4][5]. - The company plans to advance the project towards the completion of a PEA by mid-2026, with expectations of demonstrating a more economically compelling project compared to the 2023 PEA [2][4]. Technical and Geological Context - The Kwanika Central deposit is located in a geologically favorable area known for hosting significant copper-gold porphyry deposits, with mineralization related to Jurassic intrusions [16][17]. - The project covers an area of 35,700 hectares and is situated 150 km north of Fort St. James in British Columbia [15]. Data Verification and Quality Assurance - The mineral resource estimate was prepared by SLR Consulting in accordance with industry standards, and the data used has undergone rigorous quality assurance and quality control procedures [20][23]. - Independent reviews confirmed the reliability of the sampling and analytical methods used in the resource estimation [25][26].
X @Bloomberg
Bloomberg· 2026-03-02 14:44
Uzbekistan, one of the world’s largest gold producers, has taken to hoarding its output of the precious metal as prices hit records amid global geopolitical turmoil https://t.co/gEsZf9sP7n ...
Cerro de Pasco Resources Enters Project Development Funding Agreement with U.S. International Development Finance Corporation for Quiulacocha
Globenewswire· 2026-03-02 14:42
Core Insights - Cerro de Pasco Resources Inc. has entered into a Project Development Funding Agreement with the U.S. International Development Finance Corporation to support the Quiulacocha Tailings Reprocessing Project in Peru [1][2] Funding Details - DFC will provide up to US$5 million in milestone-based funding for project development activities, with the potential for an additional US$300 million in long-term direct loan financing for construction, subject to various conditions [2][4] - The funding will support activities such as Sonic Drilling, Geotechnical and Hydrogeological Drilling, a Feasibility Study, and an Environmental and Social Impact Assessment [4][5] Project Significance - Quiulacocha is recognized as one of the largest historic tailings resources globally, targeting the recovery of silver, base metals, gallium, and indium, which are essential for advanced technologies [3][6] - The project aligns with the strengthened cooperation between the United States and Peru regarding secure and responsible mineral supply chains [7] Company Strategy - Cerro de Pasco Resources focuses on reprocessing and remediating historic mining waste to unlock value while promoting environmental sustainability [8]
Royalties Inc. Reports Federal Prosecutor Recommends Denying Capstone's Amparo
TMX Newsfile· 2026-03-02 14:34
Core Viewpoint - Royalties Inc. is optimistic about the resolution of a legal dispute regarding royalty payments owed by Capstone Gold, which could lead to the collection of approximately US$10 million in royalties owed to Minera Portree de Zacatecas S.A. de C.V. (MPZ) for the years 2019-2026 [1][4]. Legal Proceedings - The Federal Prosecutor has formally opposed Capstone Gold's constitutional challenge (Amparo) against a ruling that upheld MPZ's royalty rights, indicating that the state court's decision is sound and should be confirmed [1][4]. - The dispute centers around a 2% royalty claim related to five mining concessions at the Cozamin mine, with the courts affirming MPZ's entitlement to royalties based on a 2002 agreement [2][3]. Financial Implications - The estimated value of the royalties owed to MPZ is around US$10 million, excluding interest and damages, with the potential for future revenues from the Cozamin mine reaching US$400 million, translating to US$8 million in annual royalty payments [4][5]. - If Capstone had been paying the royalties since 2019, MPZ's market cap could have been valued at US$100 million, reflecting the significant economic impact of the delayed payments [5]. Future Prospects - The copper price has more than doubled and the silver price has quadrupled since 2019, enhancing the future value of the royalties owed to MPZ [4]. - The Cozamin mine's future royalty obligations are expected to exceed the materiality threshold set by Capstone's auditors and attract investor interest, especially if mining operations continue to expand [4][5]. Company Background - Royalties Inc. holds an 88% stake in MPZ, which has a confirmed claim to a 2% net smelter return (NSR) established in 2002 on the Portree claims, a significant portion of which is located at the Cozamin mine [10].
NextSource Materials Signs Agreement for the Supply of Graphite Fines as Additional Source of Feedstock for its Battery Anode Facility in Abu Dhabi
Accessnewswire· 2026-03-02 13:57
Core Viewpoint - NextSource Materials Inc. has entered into a binding agreement with Syrah Resources Limited for the supply of natural graphite fines for its planned battery anode facility in Abu Dhabi, UAE [1] Group 1: Agreement Details - The agreement stipulates that NextSource will source a minimum of approximately 34,000 tonnes and up to 68,000 tonnes of natural graphite fines over a seven-year period [1] - The annual committed and optioned volumes are subject to specific conditions precedent being satisfied [1]