Articles for tag: Canada, exploration, Infographic, lithium

February 27, 2025

Ron Finklestien

mining

Visual Guide: Exploring Lithium Resources in Canada

Canadian Lithium Exploration Continues Amid Price Declines Patriot Battery Metals’ flagship Corvette lithium project in Quebec. Credit: Patriot Battery Metals Exploration firms across Canada are actively searching for lithium found in both hard rock formations and brines extracted from old oil wells. Despite a significant drop in lithium prices—from a peak of approximately $70,000 per tonne in late 2022 to the current level of around $10,600 per tonne—exploration activities are underway at an accelerated pace in Canada. The Northern Miner examines the differences in market capitalizations among the key players engaged in lithium exploration in Canada, contrasting the peak price

December 6, 2024

Ron Finklestien

mining

“Grassroots Exploration Spending Hits Record Low, Reports S&P Global”

Exploration Budget Cuts: The Shift from New Discoveries to Established Deposits In recent years, the focus of exploration budgets has shifted significantly, with less money allocated to grassroots exploration. This change has negatively impacted the discovery rate of new mineral deposits. “Based on our discovery series, we have consistently observed a downward trend in both the number of discoveries and the amount of contained metal over the years for both copper and gold exploration,” stated Cesar Pastrana, a data analyst at S&P and author of the report. Growing Caution in Exploration This shift reflects a pattern that often happens as

May 30, 2024

Ron Finklestien

mining

McEwen raises $22 million for Stock East and West gold exploration

After paying agents fees, McEwen expects to net C$28.5 million. The Fox gold complex covers 70 sq. km. along 18 km of the Destor-Porcupine fault. It includes the 2,000 tonne per day Black Fox mill and the Black Fox mine to the east. The measured and indicated resources are 14.3 million tonnes grading 4.14 g/t gold, containing close to 1.9 million oz. There is also an inferred resource of 4.2 million tonnes at 3.74 g/t gold, containing 503,000 oz. of gold. McEwen’s project pipeline includes the Fox gold project as well as Stock East and West. The former Stock mine

May 23, 2024

Ron Finklestien

mining

Greatland grows exploration portfolio in Western Australia

Greatland has identified that the area contains mantle tapping structures, which are a critical component in the formation of large-scale gold and copper mineral systems. The tenement includes a 25km strike length of mantle tapping structures, which are a key component in the formation of large-scale gold and copper mineral systems. Greatland Gold said there is already an Indigenous Land Use agreement in place at Woodlands. The company plans to speed up the exploration process by using current agreements with indigenous landowners, making exploration activities quick and efficient. The first exploration activities at Mount Egerton will include reviewing existing data

April 22, 2024

Ron Finklestien

mining

Taranis Resources wins exploration permit after legal battle

Taranis also requested the court to ask the Mines Minister Josie Osbourne for clarification on her statement that First Nations were “the rightful owners of the land,” and her reference to a “Ktunaxa-declared moratorium”, which Taranis thought to be contrary to law. The Thor copper project, an amalgamation of five historic mines, sits in Ktunaxa traditional territory, northeast of the village of Nakusp, in the West Kootenay region. “We’re incredibly pleased,” said John Gardiner, president and chief executive of Taranis, in an interview with the Valley Voice. “It took two years and approximately $200,000 in legal fees to reach this

April 21, 2024

Ron Finklestien

mining

Newmont promotes head of exploration Francois Hardy to CTO

Hardy brings more than 30 years of technical and operational experience in the mining industry. He first started with Newmont in 2002, and has since held several roles including managing director of Africa, general manager of the Tanami mine in Australia, and most recently, SVP of exploration. Before joining Newmont, he held executive positions at Avmin Ltd. and De Beers Consolidated Mines. Hardy will take over from interim CTO Dean Gehring, who currently also serves as Newmont’s EVP and chief integration officer but will be leaving the company in July. The CTO role was previously held by Aaron Puna, former

April 21, 2024

Ron Finklestien

mining

Chilean MP, NGOs demand halt to Nutrex exploration project at Juncal Andean Park

Nutrex requested Chilean authorities a deadline extension to present the required documents to start working in the area, as it had until April 16, 2024, to establish its presence on the site by setting up equipment and some infrastructure but couldn’t do so after being blocked by environmental activists.  If the extension is denied, which is one of the aims of the appeal for protection, activists would have more time to build their case, as Nutrex would have to restart the whole process and this could take up to a year.  “We have gained some time, but we also know

February 4, 2024

Ron Finklestien

mining

Peru’s Mining Innovation Steers Easier Permit Process Peru’s Mining Innovation Steers Easier Permit Process

Industry Applauds Peruvian Government’s Bold Move The Peruvian government has made a groundbreaking move to simplify procedures in the mining sector. Miners have enthusiastically welcomed this initiative, emphasizing the crucial need for enhanced coordination among regulatory bodies such as the National Water Authority (ANA) and the National Environmental Certification Service for Sustainable Investments (SENACE). The aim of the initiative is to streamline investors’ work in the responsible development of mining activities, improve efficiency, and cut bureaucratic red tape to prevent repetitive administrative procedures. Record-breaking Copper Production in 2023 Peru’s copper production in 2023 reached an unprecedented high, with over 2.75