Today's Mining Pulse
Updated 3h ago
Grid Metals and Boliden strike $7M earn‑in for Thompson East copper‑nickel project
Grid Metals Corp. has entered an earn‑in agreement with Boliden Mineral Canada that lets the Swedish miner fund up to C$9.6 million (≈US$7 million) and acquire up to an 80% interest in the Thompson East copper‑nickel‑PGM‑cobalt project. Grid will receive C$500,000 (≈US$370,000) in cash and keep a 20% stake, preserving capital for its cesium‑focused Falcon West project.
Also developing:
By the numbers: Virtus acquires Chemaf for $30M
US Considers Extending Russian Oil Waiver as Prices Spike During Iran Conflict
The Trump administration is poised to extend a 30‑day waiver that lets countries purchase sanctioned Russian oil at sea, a measure that currently expires on April 11. The waiver would free roughly 100 million barrels—about one day of global output—as oil prices climb amid the Israel‑Iran conflict and partial closure of the Strait of Hormuz. Officials say the extension aims to curb domestic fuel price spikes ahead of the November midterms, but it could undercut broader sanctions on Russia and strain ties with European allies.
Selkirk Copper Raising $30 Million From Upsized Bought Deal
Selkirk Copper Mines Inc. has upsized its bought‑deal private placement, now targeting just over $30 million CAD (about $22 million USD) to fund the restart and redevelopment of the Minto copper‑gold‑silver mine in Yukon. The offering comprises 4.41 million flow‑through shares at C$1.70...
Chinese PV Industry Brief: Polysilicon Prices Extend Decline
State-owned CECEP issued 29.5 million convertible bonds, raising ¥2.95 bn ($432 million) to fund six photovoltaic plants and storage projects totaling 900 MW. The total project outlay is about ¥4.57 bn ($670 million). Meanwhile, China’s polysilicon market saw its seventh consecutive weekly price drop, with N‑type...
Q-Gold Resources Posts Maiden Preliminary Economic Assessment for Quartz Mountain Gold Project
Q‑Gold Resources released a Preliminary Economic Assessment for its Quartz Mountain gold project in Oregon, showing an after‑tax NPV of $1.71 billion and a 55.2% IRR based on a $3,265/oz gold price. The study projects a 14‑year mine life with average...
Turkey Launches Deep Sea Drilling Mission in Somalia
Turkey’s deep‑sea drilling vessel Cagri Bey arrived off Mogadishu to launch the country’s first overseas deep‑sea oil exploration. The planned well will reach 7,500 metres, placing it among the world’s deepest offshore drills. Energy Minister Alparslan Bayraktar hailed the project...
Neo Performance Begins Producing Heavy Rare Earths at Estonia Plant
Neo Performance Materials announced that its solvent‑extraction line at the Silmet facility in Estonia has begun producing heavy rare earth oxides, specifically terbium and dysprosium, at name‑plate capacity. The new line complements Neo’s 2,000‑tonne‑per‑year sintered‑magnet plant in Narva, creating Europe’s...
Copper Claws Higher to Three-Week Peak as Investors Balance Iran with Chinese Demand
Copper prices on the London Metal Exchange rose to $12,845 a metric ton, the highest level since March 17, as investors weighed stronger demand in China against a fragile cease‑fire in the Iran conflict. The benchmark three‑month contract gained 0.6%...
SA Platinum Exports Surge but Miners Face War Inflation
South Africa’s platinum‑group‑metal (PGM) exports jumped 13% in the first two months of 2026, driven by strong demand in China and Europe, according to UBS. At the same time, the ongoing Middle‑East conflict is raising diesel prices, adding roughly 80...
“Let Them Eat Cake”: Where Uranium Narratives Break Between Scarcity and Reality
Investor‑facing uranium coverage now leans on a familiar formula: structural supply deficit, reactor build‑out, energy‑security tailwinds and an inevitable "pinch point." The article argues that this narrative eclipses the hard question of which projects can actually obtain permits, financing and...
2026 European Gas Shock Pales Beside 2022 Crisis
CHART OF THE DAY: The European natural gas crisis of 2022 vs the 2026 (so far) mini-shock. The chart starts in July (both for 2021 and 2025) and tracks prices over 2022 and YTD 2026. Of course, full caveat: the Persian...
Vanguard Mining Files Maiden NI 43-101 Technical Report for Brussels Creek Project, British Columbia
Vanguard Mining Corp. has filed its maiden NI 43-101 Technical Report for the 100%-owned Brussels Creek Project in British Columbia, establishing a formal technical foundation for the gold‑copper prospect. The report, prepared by qualified geologist Jeremy Hanson, highlights a porphyry‑epithermal...
Peru Pulls Permit for $1.8B Tia Maria Copper Mine
Peru's Ministry of Energy and Mines has revoked Southern Copper's permit for the $1.8 billion Tía María copper project, citing a lack of legal justification and incomplete technical plans such as waste‑dump design. The decision forces a fresh review of a...
Sky Robots Showcases Integrated Drone Security Model for Mines, Other High-Value Assets
Sky Robots unveiled an integrated drone security platform aimed at mines and other high‑value assets, combining VTOL fixed‑wing aircraft for persistent surveillance with rapid‑response multi‑rotor drones. The solution bundles remote piloting, ROIP communications, AI‑driven flight safety, and a full suite...
Drillship Comes to Africa for Türkiye’s First Deepwater Drilling Foray Abroad
Turkey’s Ministry of Energy confirmed that the seventh‑generation ultra‑deepwater drillship Çağrı Bey has arrived in Somalia to launch the country’s first deep‑sea exploration drilling operation abroad. The vessel will target the CURAD‑1 well, slated to reach a total depth of 7,500 m—potentially...
US Minerals Deal Helps Congo Raise $1.25bn in Maiden Bond
The Democratic Republic of Congo completed its inaugural sovereign Eurobond, raising $1.25 bn. The issue comprised $600 m of 2032 notes at an 8.75% yield and $650 m of 2037 notes at 9.50%, with order books reaching $2 bn and $2.8 bn respectively, allowing tighter...
Saudi Arabia Maintains Oil Exports From Key Red Sea Port for Now
Saudi Arabia’s east‑west pipeline, which feeds Red Sea export terminals, suffered a drone strike that knocked out one pumping station and cut capacity by about 700,000 barrels per day. The reduction won’t affect Yanbu’s shipments immediately because oil already in...
Ventura Offshore’s Sixth-Gen Drillship Picks up 135-Day Extension in Brazil
Ventura Offshore announced a 135‑day extension for its DS Carolina ultra‑deepwater drillship, pushing the contract through September 2026 and adding roughly $29 million to its backlog. The delay shifts the next campaign on the Sepia‑Atapu field to January 2027, but otherwise leaves the terms...
AMLM Poised for Rebound as Technicals Cool
Disseminated on Behalf of American Lithium Minerals Inc $AMLM $AMLM has been actively announcing acquisitions to build a diversified portfolio (Lithium, REE, Gold, Silver, Copper) in mining-friendly areas. It's also mentioned interest in real-world asset (RWA) tokenization for its projects (gold,...
Solid Spikes Lead to Mine Water Treatment Failure
A new review in *Separations* highlights that treating mine water with high suspended solids (HSS) demands system stability more than peak separation efficiency. The authors analyze two decades of research on hydrocyclone‑filtration integration, showing typical cyclone efficiencies of 85‑95% but...
Coal Miner Secures 6% Debt, yet Equity Multiples Stagnant
And just like that as we enter the final year of the price contingent window...we see the debt termed out another ~5 years Obviously coal price dependent but the Koala definitely feels like it doesn't own enough Whitehaven $WHC.AX Take a bow...
WBullion Gold Concludes Drilling at Quebec’s Langlade Project
Bullion Gold Resources has finished a 1,771‑metre diamond drilling program at its Langlade project in Quebec, completing 11 holes. Core analysis identified chalcopyrite and sphalerite mineralisation, with scapolite alteration suggesting strong hydrothermal activity. The company’s geophysical interpretation points to east‑west...
Goldstorm Raising $4.0 Million for Golden Triangle Exploration
Goldstorm Metals Corp. announced a non‑brokered private placement expected to raise roughly $3.0 million USD (CAD $4 million). The offering comprises HD units at $0.20, flow‑through (FT) units at $0.24, and Charity FT units at $0.31, each bundling a share and half a...
Paladin Targets 2027 Uranium Decision on Patterson Lake South
Paladin Energy said it will decide by the end of 2027 whether to fund the Patterson Lake South (PLS) uranium project in Saskatchewan. The high‑grade Triple R deposit is moving through front‑end engineering, design and permitting after receiving provincial environmental approval....
Opportunities In Gold Explorers And Developers – Part 3
The author resumes the third installment of a series spotlighting opportunities in junior gold explorers and developers. The piece promises to dissect volatile pre‑revenue gold equities, flagging upcoming company catalysts and overlooked value drivers. By revisiting these under‑appreciated assets, the...
Russian Tanker Heads to Iran as Only Regional Oil Exporter
A Russian VLCC crossed the Strait of Hormuz heading to Kharg Island to load Iranian oil. Here you have a war against Iran and Iran is currently the only country in the region actively exporting oil on a daily basis —...
Argentina Passes Glacier Mining Bill
Argentina's Congress approved an amendment to the 2010 Glacial Law, opening high‑altitude glacial regions to mining. The new bill grants individual provinces the authority to set their own environmental standards for such operations. This shift overturns previous nationwide prohibitions on...
Epiroc Underground Loaders and Haulers Head for Zambia
Mopani Copper Mines in Zambia has placed an order for a new fleet of Epiroc underground equipment, including Minetruck MT42 haulers and Scooptram loaders. The machines will operate at the Nkana and Mufulira copper mines, where they are expected to...
Beauce Gold Fields Drilling Beauce Gold Project, Quebec
Beauce Gold Fields (TSXV: BGF) has started a diamond‑drill campaign in the Grondin zone of its Beauce gold project in Quebec. The first phase consists of five holes totaling about 500 m to test depth extensions and continuity of the Saddle...
Weekly Newsletter 10 April 2026
Gold’s price rally has dominated mining headlines over the past year, prompting heightened exploration and production activity across the sector. Mining Magazine’s weekly newsletter underscores this trend while promoting its suite of premium research, including the 2026 Future Fleets Insights,...
Australia Backs Proposed LNG Terminal to Stave Off Victoria’s Gas Supply Crunch
Viva Energy has obtained federal environmental clearance under the EPBC Act for a new liquefied natural gas (LNG) terminal at Geelong Refinery Pier. The approval follows a positive state assessment and allows the project to proceed subject to conditions. Viva...
EU, US Near Critical Minerals Pact to Counter China’s Grip
The European Union and the United States are close to finalising a critical‑minerals pact that would coordinate production, pricing and supply‑chain resilience to curb reliance on China. The draft action plan proposes minimum‑price mechanisms, joint standards, and investment projects, while...
Case Study: Underground Digitalisation at Rampura Agucha
Hindustan Zinc is digitising its flagship Rampura Agucha underground mine in Rajasthan, deploying automated haul trucks, remote‑monitoring sensors, and low‑emission power systems. The initiative links equipment to a central control platform, enabling real‑time performance analytics and predictive maintenance. Early results...
Coal India Absorbs Price Shock Despite Sharp Rise in Operational Costs
Coal India said it will absorb a sharp rise in input costs, including a 44% jump in ammonium nitrate to ₹72,750 per ton (≈$877) and a 54% surge in industrial diesel to ₹142 per litre (≈$1.71). Explosives costs rose 26%...
Strait of Hormuz Control Key to Iran’s Deterrence Strategy
Iran’s Islamic Revolutionary Guard Corps has formalized control over the Strait of Hormuz, requiring vessel‑by‑vessel clearance and tolls paid in Chinese yuan or cryptocurrency. The move leaves roughly 175 fully‑laden tankers—about 150 million barrels of crude and products—stranded in the Arabian...
Gulf of Suez Oil Output on the Rise as New Well Joins in on the Action
GUPCO has brought the South Wasl BB exploration well online in Egypt’s Gulf of Suez, adding roughly 2,500 barrels of oil and 3 million scfd of gas per day. The new well is tied directly into existing facilities, pushing GUPCO’s total output...
Diana Mendez: Women Can Make a Difference
Diana Mendez, executive director of Insuco LatAm, highlighted how women can drive transformative change in the mining sector. Drawing on her experience in Peru, Canada and Mexico, she emphasized gender‑inclusive strategies that improve community relations and operational resilience. Insuco, a...
Radify’s Plasma Reactors Target China’s Rare‑Earth Stronghold with $3M Funding
Radify Metals has closed a funding round of just under $3 million to scale its plasma‑reactor technology that can turn metal oxides into pure rare‑earth metals. The startup says its compact reactors could produce several kilograms of dysprosium and neodymium per...
Australian Dollar Hits 3‑Year High Near $0.72 as RBA Tightens and Commodities Surge
The Australian dollar surged to its strongest level since 2023, trading around 0.7065‑0.7080 USD and up more than 10% year‑over‑year. The rally is driven by the Reserve Bank of Australia's aggressive rate hikes to 4.10% and a robust commodity export...
Ascend Elements Files for Chapter 11 After Raising $1.1 Billion
Battery recycling startup Ascend Elements announced a voluntary Chapter 11 filing Thursday, ending a decade‑long effort that attracted more than $1.1 bn in equity and government grants. The move highlights the capital intensity of circular‑economy ventures and raises questions about the...
Australian Miner Proves Renewables Boost Profit and Planet
No "net zero" fluff: Giant Australian mining group proving that Real Zero is better for planet and profits >24-hour renewables operations by 2027 >100% fossil-fuel-free mining by 2030 >1.2GW solar + 600MW wind + 5GWh BESS >Electrified rail & 800+ haul trucks >$100m saved/ year If...
Deep Dive Into Rio Silver's Pure-Play Potential
Don Durrett & John Feneck Take a Closer Look at Rio Silver’s $RYO.V | $RYOOF Pure-Play Silver Story (Check it out at 10 min mark, RYO CEO Chris Verrico) https://t.co/z8B41tz2dy
Nigeria: When There Is No Playbook - Building Community Relations in Nigeria's First Legal Large-Scale Gold Mine
Segilola Resources Operating Limited launched Nigeria’s first legally recognised large‑scale gold mine in Osun State and had to invent a community‑relations framework from scratch. The company openly acknowledged the oil‑and‑gas legacy of mistrust, integrated traditional Yoruba rulers into operational decisions,...
Horm
VIDEO COLUMN (2): The Hormuz question. What's happening in the world's most important oil and LNG chokepoint? Let me explain the situation in the strait, and how its shipping lines (and status) are changing, perhaps for ever. @Opinion #Hormuz #IranWar ...
Lithium Corp Rebounds Off Support, Signaling Sector Lift
Lithium Corp $LTUM +11%. Big picture: retraced to support and starting to reverse. Elevator going up? Lithium, Graphite, REEs, Neodymium, Fluorspar ... https://t.co/5lg7wi0KvS
Barry FitzGerald: Gold Streaming Giant Wheaton Confirms True Value in Garimpeiro Copper Pick KGL
Australian junior miner KGL Resources secured a $300 million streaming agreement with Canada’s Wheaton, the world’s largest precious‑metals streaming firm, to monetize future gold and silver from its undeveloped Jervois copper‑silver‑gold project. The deal effectively values KGL at about $204 million, a...
Uranium Stock Shows Strong Cup‑Handle Breakout, Awaiting Peace‑Talk Fallout
$UUUU Daily. Strong open for uranium/rare earths play with massive "handle" on cup & handle pattern which may as well be the Big Dipper. Could get traction next week if peace talks fall apart. https://t.co/SWvjRhH1Of
OPEC+ Supply Chains Crippled, US Fuels Global Allies
So, the oil and gas infrastructure of major OPEC+ producers in the Gulf and Russia is being blocked, disrupted, and damaged... While China is forced to halt exports of petroleum products, and the US is supplying fuel to satellite countries like...
Why Zimbabwe Earns $400 Less Per Tonne of Lithium Than Australia — and the Bold Plan to Fix It
Zimbabwe’s lithium sector is losing $300‑$400 per tonne to Australian rivals because of under‑declared grades, undervalued shipments and transfer‑pricing that divert profits abroad. In February 2026 the Mines Minister imposed an outright ban on raw lithium concentrate exports, demanding verification...
European Gas and Power Prices Slide to One-Month Lows
European wholesale natural gas (TTF) and power prices (Germany) are heading toward a 1-month low. The German 1-year forward electricity contract is now at the same level it was back in November. Meanwhile, TTF gas is at the level it...
EU and US Near Deal to Counter Chinese Mineral Dominance
EU and US near critical minerals deal to combat Chinese control https://t.co/9Sfd9SN3G1 via @AlbertoNardelli @JoeDeaux https://t.co/t2pPn5nVtw
