Hot News in this Week
Feb 28, 2025
Ecora Resources, a critical minerals royalty company, has signed a $50 million streaming deal with Moxico Resources for the Mimbula copper mine in Zambia, which will provide the company with a high-margin operation and enhance its growing copper portfolio.
Source: Mining.com
Avalon Advanced Materials has increased its measured and indicated tonnage at its Separation Rapids hard rock lithium project in Ontario by 28% over the previous resource estimate, with a total of 12.98 million tonnes grading 1.34% lithium oxide (Li2O) and containing 173,306 tonnes of lithium. This update comes as lithium prices remain in a slump but some analysts predict long-term price increases, with a potential rebound expected next year followed by an uptrend into the 2030s. Avalon has also made progress in the last five months with debt financing and a preliminary economic assessment valuing its Lake Superior lithium processing plant at more than three times its estimated costs.
Source: Mining.com
In a stunning new estimate, U.S. Gold Corp. predicts that repurposing waste rock at its CK Gold Project in Wyoming could generate a whopping $100 million in annual revenue, more than twice the income from gold and copper production combined.
Source: Miningfeeds.com
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