Articles for tag: Copper, drill, expected, Gaspé, Metals, Osisko, results

April 23, 2025

Ron Finklestien

mining

Osisko Metals Reports Encouraging Copper Drill Results in Gaspé

Osisko Metals Reports Positive Drilling Results at Gaspé Copper Project Osisko Metals (TSX: OM) has announced that initial drilling results from its Gaspé copper project in eastern Quebec have exceeded expectations, leading to a notable increase in share price. According to CEO Robert Wares, all five drilling holes from the past three months encountered significant disseminated mineralization within the defined area of the company’s 2024 resource estimate. Furthermore, the new mineralization detected occurs at depths below the existing 2024 estimate. Osisko’s strategy involves expanding the resource at the Gaspé copper system while exploring the potential to reopen the former Noranda

January 10, 2025

Ron Finklestien

mining

“Analysis: Declining Prices of Lithium, Nickel, and Cobalt Signifies Challenges for EV Battery Metals Market”

Global Electric Vehicle Battery Capacity Reaches New Heights Amid Market Shifts From January to October, the world saw a total of 674.6 GWh of new battery power, according to Toronto’s Adamas Intelligence, a firm specializing in EV supply chain research. Increasing Popularity of Hybrid Vehicles The surge in electric vehicle (EV) adoption coincides with a growing preference for hybrid vehicles, which typically contain smaller batteries. This trend reflects a noticeable shift in consumer choice. This year, plug-in hybrid vehicles (PHEVs) have seen a staggering 71% increase in battery capacity compared to a modest 17% growth for fully electric cars. The

November 21, 2024

Ron Finklestien

mining

“Mining Industry Spotlight: Allied Gold, Silicon Metals, and South Pacific Metals”

Leadership Changes Announced in Mining Sector New Appointments and Board Adjustments Silicon Metals has appointed Leighton Bocking as its new president. South Pacific Metals has brought on Dean Williamson as its exploration manager. Board Changes: Allied Gold has welcomed Oumar Toguyeni to its board of directors. Canadian Copper has added Brent Omland to its board of directors as well. Dynacor Group has announced that Roger Demers is retiring from its board of directors. Hayasa Metals has appointed Robert Furse and Derek White to its board, expanding its leadership team. Silicon Metals confirmed that Leighton Bocking will continue to serve on

May 30, 2024

Ron Finklestien

mining

Adriatic Metals seeks $50m after first concentrate sale

Chief executive Paul Cronin said Adriatic anticipates transitioning to full production capacity by the fourth quarter of the year, amidst favorable market conditions with high silver, gold and zinc prices and low treatment charges. Vares’ processing plant is currently producing at saleable grades of more than 2,500 grams per tonne of silver and close to 50% zinc. Adriatic’s plan is to increase processing until reaching nameplate capacity of 800,000 tonnes by the fourth quarter of this year. The mine is the result of Adriatic’s efforts to revive a former silver operation that was abandoned during the years of civil unrest that hit

April 26, 2024

Ron Finklestien

mining

Mining People: Appia, C2C Metals, Lincoln Strategic, QI Minerals, Honey Badger, Atacama

Goldshore Resources  appointed Michael Henrichsen as CEO. Jaxon Mining said CFO and secretary Brian Crawford has resigned. Jane Banks has joined Lincoln Strategic, a leading recruitment firm specializing in the mining sector. Newmont named Francois Hardy as chief technical officer, replacing Dean Gehring. PACE Global named Nathan M. Stubina its new CEO. Quebec Innovative Materials named John Karagianidis as the new  president and CEO. Wesdome  – Michael Michaud is stepping down from the post at SVP exploration and resources  at Wesdome Gold Mines. Board changes: Atacama Resources has three new directors – John Grant, William MacRae, and Greg Praver. Gold

April 23, 2024

Ron Finklestien

mining

Metals Company and SGS produce world’s first nickel sulphate from seafloor polymetallic nodules

Following the successful nickel sulphate production, SGS continues testing to produce what TMC believes will be the world’s first cobalt sulphate from polymetallic nodules. “The production of the world’s first nickel sulphate from deep-seafloor nodules is an important milestone, confirming that our custom flowsheet configuration can be deployed to process these remarkable rocks into final products suitable for use in batteries,” said TMC head of onshore development Jeffrey Donald. “The data collected will inform further engineering decisions to move this towards commercial scale, and TMC continues to expect that initial production will begin with a capital-light approach by leveraging the

April 22, 2024

Ron Finklestien

mining

Critical Metals names Tony Sage new chief executive officer

The company is aiming to operationalize its lithium spodumene concentrator in Wolfsberg, which will be the next significant source of lithium spodumene for European lithium-ion battery market, by 2027. Sage will oversee corporate strategy and commercial development for Wolfsberg, and will focus on evaluating additional strategic assets in the critical metals space to be brought under the company’s banner. “Critical Metals is at a pivotal juncture in our growth trajectory and development strategy following our recent listing on Nasdaq earlier this year,” Sage said in a statement. “This strategic transition of roles will better position us for future success both

March 25, 2024

Ron Finklestien

mining

Central Asia Metals Embraces Aberdeen Minerals

A Reinvigorated Exploration Ventures Central Asia Metals (CAM) has made a strategic move by acquiring a significant 28% stake in Aberdeen Minerals, a promising junior raw battery materials explorer in Aberdeenshire, Scotland. Holding a 7,400-hectare land package, Aberdeen Minerals has already uncovered a copper-nickel-cobalt deposit at its Arthrath project, an area originally unveiled by Rio Tinto back in 1968. This partnership signifies a bold step towards fostering exploration ventures, breathing new life into the dormant mining potential of the region. UK’s Critical Materials Prospects Last year, the British Geological Survey (BGS) released a comprehensive report pinpointing key areas in the

March 25, 2024

Ron Finklestien

mining

Patriot Battery Metals: Discovering New Frontiers at Corvette

Exploration Unveils Promising Lithium Findings Patriot Battery Metals has struck gold—well, in this case, lithium—at their Corvette project with a recent breakthrough in discovery. The company’s Vice President of Exploration, Darren Smith, describes the find as a testament to the vast extent of the spodumene mineralized system along the CV lithium trend. This trend sprawls across the property, with a significant chunk still awaiting exploration for lithium pegmatite—a potential treasure trove waiting to be unearthed. Expanding Horizons in Exploration The 2023 surface exploration initiative has snagged a mineralized pegmatite boulder at 0.53% Li2O, situated approximately 450 meters up-ice to the

March 22, 2024

Ron Finklestien

mining

Exploring Wheaton Precious Metals’ Booming Year in Deals with Randy Smallwood

An Exciting Year for Wheaton Precious Metals Revel in the glory of Wheaton Precious Metals – a titan in the industry – as it basks in the afterglow of one of the most sensational deal-making years it has ever witnessed. The mood is upbeat as CEO Randy Smallwood joyously announces the clinching of eight transactions, with a staggering sum exceeding $1 billion, executed over the course of approximately a year. You can sense the ebullience in Smallwood’s voice as he paints a picture of an environment brimming with deals. However, a tinge of wistfulness creeps in as he highlights the