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Metals and Mining Industry News
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SigmaRoc (AIM: SRC) jumps 10.5% after €118m Dolomitas deal
SigmaRoc is acquiring Lithuania's Dolomitas for €110 million plus €8 million of non-core assets, adding 3.5 million tonnes of annual dolomite production while first-half EBITDA margins expand sharply.
Element 25 (ASX: E25) locks in A$50m NAIF deal for Butcherbird
Element 25 Limited has reached contractual close on a binding A$50 million NAIF financing package for its Butcherbird manganese expansion, converting a 2025 funding commitment into executed project debt while financial close and first drawdown still depend on remaining conditions.
Green Canada Uranium cleared for TSXV debut after C$2.9m financing and RTO
Green Canada Uranium Corp. has received final TSX Venture Exchange approval and is expected to begin trading September 9 under GCUC after completing a reverse takeover, C$2.92 million of financing and the acquisition of the Marshall uranium project.
Iondrive’s new study shows a 379% IRR. One feedstock assumption explains much of it
Iondrive Limited has published an updated economic evaluation for a single U.S. IONSolv rare earth recycling module showing a US$243 million post-tax NPV and US$62.1 million of annual EBITDA, but the economics depend heavily on securing commercial quantities of much richer magnet feedstock than used in its previous study.
Kazatomprom’s uranium dominance comes into focus as countries accelerate nuclear power investment
Kazatomprom sees uranium supply pressure building as global nuclear investment accelerates. Find out what the shift means for the world’s top producer.
Sigma Lithium mine suspended again. Can its 330,000t production target survive?
A Brazilian court has suspended environmental licences and mining activities at Sigma Lithium’s Grota do Cirilo operation, putting renewed pressure on a production ramp that targets 240,000 tonnes over 12 months and 330,000 tonnes in 2027.
Western Resources (TSX: WRX) faces delisting as US$108m potash debt bites
Western Resources Corp.’s potash subsidiaries have secured court protection until December 18 and up to US$6 million of interim financing, but the Milestone project has entered a formal sale and investment process after a senior lender said at least US$108.2 million became immediately due.
Golden Minerals names David Watkins CEO with $2.5m cash. Why does the Argentina drill now matter?
Golden Minerals has appointed veteran mining executive David Watkins as its next president and chief executive officer as the exploration company prepares to drill in Argentina, faces another future financing requirement and potentially gains First Quantum Minerals as a new project partner.
Worley (ASX: WOR) wins BHP Olympic Dam and Carrapateena EPCM work
Worley Limited has secured study and EPCM contracts from BHP for potential expansion projects at Olympic Dam and Carrapateena, giving the engineering group exposure to a major copper-growth programme while the projects themselves remain subject to final investment decisions.
Lightning Resource doubles share base as Prospector asset acquisition closes
Lightning Resource Corp. has completed its acquisition of Prospector Metals’ non-Yukon assets and released C$4 million of previously escrowed financing, adding four Canadian exploration projects while increasing its basic share count from roughly 29.4 million to about 66.8 million.