Articles for tag: Chile, cobalt, earth, extraction, offers, projects, rare

February 9, 2025

Ron Finklestien

mining

Chile Invites $4 Million Investment for Cobalt and Rare Earth Mining Initiatives

Chile’s New Initiative to Exploit Tailings for Strategic Minerals The call for proposals, which remains open until March, reflects Chile’s ongoing initiative to leverage its extensive tailings resources, estimated at nearly 800 sites nationwide. Rising Demand for Essential Minerals This effort coincides with an anticipated increase in the global demand for metals, particularly those vital for the energy transition. Commodities such as lithium and cobalt, key components in electric vehicle batteries, alongside rare earth elements necessary for renewable energy technologies, are driving this demand. Chilean Mining Minister Discusses Economic Opportunities “These are strategic minerals, especially cobalt and rare earths, where

April 25, 2024

Ron Finklestien

mining

Miners struggle to finance projects amid surging battery demand — IEA

In its recent Global EV Outlook 2024, IEA highlights the necessity of external sources to support large-scale capital expenditure in mining projects, however miners Albemarle, Core Lithium, Liontown Resources and Pilbara Minerals recently announced project spending reductions, lower dividends, and job cuts. Nickel and cobalt projects in Australia have also been delayed or halted, involving companies like BHP, First Quantum Minerals and Wyloo Metals. In the US, Piedmont Lithium Inc. is letting go of 25% of staff. “Over the 2024-2026 period, we could see progressive consolidation of critical mineralextraction and refining projects and businesses around lowest-cost producers,” said the Agency.

March 20, 2024

Ron Finklestien

mining

Calibre’s Ambitious Expansion: Eyes Set on Canada, US, and Nicaragua

Calibre’s Strategic Allocation of Funds Calibre’s recent move to secure $74 million in funding has set the stage for a significant advance in its projects spanning across Canada, the US, and Nicaragua. The earmarked funds will fuel the ongoing development of the Valentine gold project in Newfoundland, the El Limon and La Libertad gold mines in Nicaragua, and the Pan gold mine in Nevada. Additionally, provisions have been made for further exploration initiatives and to bolster general corporate operations and working capital reserves. Valentine Gold Project: A Marvel in the Making A standout among Calibre’s endeavors is the wholly-owned Valentine

February 8, 2024

Ron Finklestien

mining

Capstone’s $265 Million Funding Boost for Chilean Copper Projects

Capstone Initiates Major Investment in Chilean Copper Operations Capstone, a Vancouver-based miner, has recently raised an impressive $265 million to advance its Chilean copper endeavors, symbolizing a significant and highly anticipated development in the mining sector. The funding will play a crucial role in propelling Capstone’s Mantoverde and Santo Domingo projects to new heights. Funds Allocation and Project Details The company plans to utilize the net proceeds from the offering to enhance its Chilean copper developments, particularly the Mantoverde optimized project and Santo Domingo detailed engineering, as well as for future exploration programs. The Mantoverde project boasts the potential to