Hot News in this Week
May 30, 2025
enCore Energy has received approval to expand its radioactive materials license in Texas to include the Upper Spring Creek project, which is located in the historic Clay West uranium district. The expanded license will enable the construction of wellfields and a satellite ion exchange facility to feed the company's Rosita central processing plant, with the license set to be up for renewal in 2032. According to enCore, the Texas regulatory approval marks its third permitted uranium facility in the state, and the company has begun advancing development at Upper Spring Creek with drilling rigs already mobilized to the site.
Source: www.mining.com
Frontier Lithium announced a definitive feasibility study for its PAK project in northern Ontario, which boosted reserves by 37% and calculated a net present value of C$932 million based on an 8% discount rate. The study provides a "robust basis" for Frontier to target a final investment decision within two years, and the company is making progress on project financing and permitting. The PAK project is expected to generate over C$1 billion in federal tax revenue and create over 230 jobs during its 31-year mine life.
Source: www.mining.com
Franco-Nevada Corporation has agreed to buy a 7.5% royalty interest in the Côté Gold mine in Ontario, Canada for $1.05 billion, expanding its portfolio of assets generating long-term revenue without direct ownership or operation risks, which is expected to be one of the largest single-asset royalty acquisitions in Canadian mining history and will close by the end of June.
Source: www.miningfeeds.com
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