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Metals and Mining Industry News
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Magna Mining secures C$140m as Alpayana takes 19.9% stake in Sudbury copper-nickel producer
Magna Mining closes a C$140 million Alpayana investment, giving the miner fresh capital to accelerate its growing Sudbury copper and nickel portfolio.
NVRO Metals (TSXV: NVRO) gains 2.4% after Hecla tailings test upgrades gold 10.8 times
NVRO Metals has completed 202 hours of continuous operation on Hecla Mining Company's Greens Creek material, reporting approximately 97% sulphide oxidation and substantial preliminary gold and silver upgrading. The milestone advances a potential 35,000-tonne industrial trial, although final assays, metallurgical reconciliation and a binding commercial framework are still required.
Inventus (TSXV: IVS) to buy Golden Rose with C$2.36m stock as Pardo gold district expands
Inventus Mining has agreed to acquire the historic Golden Rose gold mine near Sudbury for eight million shares plus a royalty, expanding its regional holdings to 681 square kilometres. Historical records indicate substantial high-grade mineralisation, but investors should distinguish those figures from a modern NI 43-101-compliant resource.
St Barbara (ASX: SBM) shares surge 20% as A$475m cash pile unlocks maiden 5c dividend
St Barbara Limited finished FY26 with A$475 million of total cash, no debt and a A$490 million statutory profit after the Lingbao Gold transaction, prompting a fully franked five-cent dividend and consideration of a buyback of up to 100 million shares. The shares surged 20.3%, although almost all the reported profit came from a one-off deconsolidation gain and the remaining business was still loss-making on an underlying basis.
Trilogy Metals (TMQ) signs $35.6m Pentagon investment deal as penny warrants loom
Trilogy Metals has executed definitive agreements for a US$35.6 million strategic investment by the United States Department of War into the company and its Alaska-focused development partnership with South32. The structure gives Washington an initial 10% Trilogy stake plus deeply in-the-money future rights linked to the Ambler Road or a change of control.
Lindian (ASX: LIN) secures 13,389t heavy rare earth option for Kazakhstan SARECO plant
Lindian Resources has secured exclusive rights over 13,389 tonnes of heavy rare-earth-bearing material in Kazakhstan and a 12-month window to assess another 15,000 to 20,000 tonnes. The arrangement could broaden SARECO beyond Kangankunde's light rare earth profile, but metallurgical testing and regulatory approvals must establish whether the stockpile is commercially usable.
Canada Nickel (TSXV: CNC) closes C$21m financing as Agnico Eagle backs Crawford again
Canada Nickel has completed an upsized C$21 million financing shortly after securing federal approval for the Crawford project. Agnico Eagle participated through Avenir Minerals, but the offering also adds 14 million shares and seven million potential warrant shares as Canada Nickel moves deeper into the capital-intensive engineering stage.
Soma Gold (TSXV: SOMA) targets H2 recovery after Q2 mine margin falls from 25% to 10%
Soma Gold Corp. (TSXV: SOMA) reported Q2 2026 revenue of C$20.4 million, down 11% from C$23 million a…
LithiumBank (TSXV: LBNK) shares jump 13% after C$5.5m Boardwalk financing closes
LithiumBank Resources increased and completed a C$5.52 million financing for its Boardwalk lithium brine project after investor demand exceeded the original offering. The shares rallied on the announcement day, but the unit structure introduces meaningful dilution and another potential block of shares through C$0.90 warrants.
Broken Hill Mines (ASX: BHM) lands A$90m funding package after Centenary discovery
Broken Hill Mines has secured a fully underwritten A$90 million equity package to accelerate the Rasp and Pinnacles operations, alongside a proposed US$30 million zinc-linked working-capital facility. The financing materially strengthens its development capacity but comes with substantial new equity issuance after BHM shares had already rallied on the Centenary discovery.