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Nov 28, 2025
Power One Resources has made a significant discovery of gold mineralization at its Pecors property in Ontario, Canada, marking the first time gold has been found on the property despite its historical focus on uranium and base metals. The discovery broadens the project's exploration scope and comes at a strategic time amid record-high gold prices fueled by inflation, global instability, and central bank purchases. Power One plans to refine its geological understanding of the polymetallic system and conduct further sampling of the gold-bearing zone.
Source: www.mining.com
Centerra Gold, a Toronto-based mining company, has acquired a 9.9% stake in Metal Energy, a Canadian critical minerals explorer, for $9.3 million through a financing round that included the issuance of flow-through shares and common shares. The proceeds from the financing will be used to fund drilling at Metal Energy's NIV copper-gold-molybdenum project in British Columbia, which is fully permitted and has several drill-ready targets. This investment marks Centerra's latest move in the junior mining sector, following its acquisition of stakes in several other Canadian explorers over the past year.
Source: www.mining.com
According to Robin Martin, head of market development at the London Metal Exchange (LME), copper prices on the US Comex exchange are expected to maintain their price premium over the LME for at least the next 18 months due to uncertainty over copper tariffs in the US, with inventories recently exceeding 400,000 short tons and the LME taking steps to broaden access for Chinese market participants.
Source: www.miningfeeds.com
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