Articles for tag: ahead, clashes, juniors, Metals, optimism, PDAC, reality

February 18, 2024

Ron Finklestien

mining

Canadian Mining Industry Update Canadian Mining Industry: Mixed Fortunes for Juniors Ahead of PDAC

It’s a difficult time for the junior mining exploration companies in Canada. According to Jeff Killeen, policy and program director for PDAC, there hasn’t been a single financing above C$125 million on the TSX Venture Exchange in the past year. Deals at the C$200 million level were once common, but are now a rarity. The struggles are not limited to the actual availability of capital but also concern the size of deals being made, as Killeen highlighted in a recent interview. The figures paint a stark contrast with the past, where the TSX Venture Exchange used to be a bustling

January 25, 2024

Ron Finklestien

mining

Wyloo’s Ambitious Plans Clash with Indigenous Opposition Wyloo’s Ambitious Plans Clash with Indigenous Opposition

Wyloo Mines is charging ahead with mine planning and gearing up for an updated feasibility study next year. The company has its sights set on the Ring of Fire development and is actively engaged in environmental studies and permitting activities. According to the current timeline, construction is slated to commence in 2027, with production expected to kick off by the end of 2030. Despite Wyloo’s aspirations, the project is encountering resistance from Indigenous leaders. The province asserts that there are nine First Nations located within the Ring of Fire. While two of these nations – Webequie and Marten Falls –