Hot News in this Week
Jan 2, 2026
Silver47 Exploration has amended its agreement with Research Capital Corporation to raise C$30 million ($32.77 million) through an equity offering, upsized from C$20 million due to strong investor demand, with the company issuing 28.57 million shares at C$1.05 per share and using the funds to accelerate and expand drilling programs in the US and for general working capital purposes.
Source: mining.com.au
Theta Gold Mines has secured $80 million in non-binding funding for its TGME Gold Mine in South Africa, with peak capex requirements fully covered in two tranches. The company is on track to commission the plant in Q4 2026 and reach full production in Q1 2027, with low-capex brownfields development helping keep the project on time and on budget.
Source: mining.com.au
Patagonia Lithium (ASX:PL3) Executive Chairman Phillip Thomas shared insights on the growing demand for lithium in 2025, driven by the electric vehicle sector, with Australia currently leading the way in production, followed closely by China and Chile. China plans to invest $250 billion in the lithium sector by 2027, which will more than double its current capacity, while Patagonia aims to become a producer within two years through streamlined focus on lithium exploration. The company is updating its environmental report and has collected three bottles of lithium brine from its Formentera Lithium Project in Argentina, with plans to expand the domain and increase the mineral resource estimate and average lithium value.
Source: mining.com.au
The rest of this article is reserved for signed-in users.
Sign in or create your free account to read the full article.
Disclaimer: This content is generated by AI and may contain errors. We encourage you to verify any information presented.