What's happening: Cameco inks $1.9B uranium supply pact with India
Cameco has signed a long‑term supply agreement with India valued at C$2.6 billion ($1.9 billion). The contract will deliver roughly 22 million pounds of uranium ore concentrate over nine years starting in 2027, about 12% of Cameco’s annual output. India plans to expand its nuclear fleet to 100 GW by 2047.
Also developing:
New Found Gold released a positive preliminary economic assessment for its Hammerdown gold project, reporting an after‑tax net present value of $199.2 million at a $3,475/oz gold price. The open‑pit mine is slated to reach commercial production in the second half of 2026, supported by a 13‑year plan that targets roughly 19,300 ounces of gold annually. The study incorporates the Orion and Stog’er Tight deposits into a hub‑and‑spoke model centered on the Pine Cove processing facility, and projects low cash costs of $2,149 per ounce. Capital expenditures are estimated at $24.3 million, with additional upside potential if gold prices rise.
Ballard Mining announced that its Baldock deposit within the Mt Ida project has reached a one‑million‑ounce indicated and inferred gold resource. The infill drilling program added 76,000 ounces, raising the deposit to nine million tonnes at 3.5 g/t, while the broader Mt...

The Association of Mine Surveyors of Zimbabwe (AMSZ) will hold its first‑quarter technical visit at the Dallaglio Pickstone Peerless Mine on 27 March 2026. The eight‑hour event offers members hands‑on exposure to one of Zimbabwe’s premier gold producers and awards five CPD...

More than 7,400 mining professionals gathered at the Salt Palace Convention Center for SME’s MINEXCHANGE conference in Salt Lake City. The opening keynote, "Regaining America’s Mineral Dominance," featured Utah Governor Spencer J. Cox, USGS Director Dr. Ned Mamula, and Resolution...
Construction of the Berens River bridge has begun in northwestern Ontario, with M.D. Steele Construction appointed as the primary contractor. The bridge will provide a permanent road crossing for Frontier Lithium’s PAK open‑pit mine, located 175 km north of Red Lake. The...

NorthStandard released a white paper outlining the rapid uptake of biofuels in commercial shipping, noting a twelve‑fold increase in testing volumes to over 1 million MT between 2021 and 2025. Current 5‑10% bio‑blend usage satisfies the 2022 FuelEU Maritime requirement, but upcoming...
Australian junior miners on the ASX are converging on final investment decisions (FID) for projects slated for 2026. Aura Energy aims to secure a Q3 2026 FID for its Tiris uranium project in Mauritania, backed by a $20 million placement and...

Nouveau Monde Graphite Inc. (NMG) has acquired a 143,000‑square‑metre brownfield site adjacent to its existing 200,000‑square‑metre greenfield property in Bécancour, Québec. The purchase equips NMG to launch the first stage of its Phase‑2 battery material plant, delivering concentrated graphite for...
Québec Innovative Materials Corp. announced that drill hole DDH-26-01 intersected a second hydrogen‑associated structural zone between 313 and 330 metres depth at its West Advocate project in Nova Scotia. This finding complements the earlier 142‑191 m fault corridor, confirming a vertically...
Wyloo’s Eagle’s Nest project in Ontario’s Ring of Fire cleared a key regulatory step after the federal government decided not to subject it to a formal impact assessment. The move comes despite protests from some First Nations, who remain divided...
TD Cowen highlighted growing security concerns in Mexico’s mining sector after a January abduction and killings of ten Vizsla Silver employees. Mexico contributes roughly 28% of global mine‑site silver, plus 4% of gold and 3% of copper, making the region strategically vital....
Nickel prices began climbing in mid‑December 2025 as Indonesia signaled tighter supply, nudging the benchmark above US$17,000 per tonne. The market’s earlier volatility – a US$100,000‑per‑tonne spike in March 2022 that forced an LME trading halt – contrasts with the...
Illegal gold mining is expanding from the southern Madre de Dios basin into Peru’s northern Amazon regions of Loreto and Ucayali, following remote river corridors. The surge accelerates deforestation, mercury contamination of waterways, and exposes Indigenous communities to violence and organized...
Microsoft announced it now sources 100% of its electricity from renewable sources, a headline touted as a climate milestone. The article contends that such claims mask the physical reality that intermittent wind and solar require dispatchable backup generation to keep...
Investigative reporting reveals that Chinese firms are profiting from the illicit extraction of Venezuela’s “black sands” – coltan, niobium and tin – by partnering with armed groups. The minerals travel via river and land routes into Colombia, where fraudulent paperwork...
Shell is troubleshooting subsea equipment at its Ormen Lange offshore gas field in the Norwegian Sea after a compressor failure forced production cuts on February 16. Output has been reduced by roughly 11.9 million cubic metres per day, about 46% of the...
Gold’s 2025 rally pushed bullion over 40% higher, its strongest annual gain since 1979, and sent the VanEck Gold Miners ETF soaring 155%. The surge propelled the world’s largest gold miners into record valuations, with Newmont and Agnico Eagle topping...

Norwegian offshore services firm Reach Subsea has been awarded a contract by Equinor, on behalf of Gassco, to conduct external inspections of roughly 3,500 km of subsea pipelines. The inspections will span Gassco’s network in Norwegian waters and export routes to...
MP Materials announced a $1.25 billion investment to build a 120‑acre rare‑earth magnet campus in Northlake, Texas, under its “10X” program and a public‑private partnership with the U.S. Department of War. The facility will add roughly 10,000 metric tons of NdFeB magnet...
The Inflation Reduction Act and accompanying Bipartisan Infrastructure Law sparked a massive reshoring wave, tripling U.S. manufacturing construction spending between 2021 and 2024. The legislation attracted EV battery, solar, and other cleantech projects, creating a surge in blue‑collar jobs. Following...
Cass Information Systems announced a partnership with AI‑enabled tariff specialist Caspian to embed advanced customs audit and refund capabilities into its freight‑payment platform. The integration adds AI‑driven HTS modeling, detailed audit functions, and support for post‑summary corrections, protests, and duty‑drawback...

One of the world’s largest copper producers in Zambia has ordered 16 Sandvik D25KX down‑the‑hole rotary drill rigs to replace its aging surface fleet and support a newly commissioned expansion. The order, booked for 2025, includes Sandvik’s Remote Monitoring Service,...
Core Lithium has entered a binding agreement to sell its remaining 5,100 dry metric tonnes of spodumene concentrate from the Finniss Lithium Project to Glencore International. The price is fixed to the Fastmarkets SC6 CIF China rate of $2,023 per...
Midas Minerals announced high‑grade copper‑silver intercepts at the Spaatzu Prospect, part of its Otavi Copper Project in Namibia. Drill‑hole MORC010 returned 26 m at 1.37% copper and 31.1 g/t silver, with additional zones exceeding 2% copper. To date the company has completed...
Questcorp Mining has launched a 2026 induced polarization (IP) survey across its 1,168‑hectare North Island Copper Project on Vancouver Island. The 10‑15 km program, run by Peter E. Walcott & Associates, will refine the historic Marisa Zone porphyry copper targets and feed a...
Panama’s economy expanded 4% in 2025, driven mainly by services, while manufacturing lagged at 0.46%. Business group SIP says reopening First Quantum’s Cobre Panama copper mine could lift GDP growth to 6% by 2027, versus a 3.7% slowdown if the mine...

A recent Scientific Reports study examined how mining‑induced stress redistribution activates a 70° normal fault in China’s Ordos Basin during thick coal seam extraction. Field data and similar‑material simulations showed peak floor stress rising to 19.95 MPa and roof stresses increasing...
Xali Gold announced that the Santa Ana community approved its continued exploration at the Pico Machay Gold Project in Peru on February 22, 2026. The company will immediately launch a Phase I field program to update historic geological, engineering and economic...
Samsara unveiled a next‑generation Bluetooth asset tag and a smaller Asset Tag XS, expanding its IoT tracking portfolio for fleet equipment managers. The tags run on an enhanced Samsara Network that now incorporates Hubble’s 90 million‑device consumer smartphone mesh, boosting indoor...

EnCap Flatrock Midstream is exploring a sale of its gas‑pipeline subsidiary Momentum Midstream for a price exceeding $5 billion. The private‑equity firm has engaged advisers and is gauging interest from rivals and other buy‑out funds. Momentum operates roughly 4,000 miles of...

Eni SpA has approved a final investment decision to convert units at its Pavia refinery into a biorefinery capable of processing up to 550,000 metric tons of waste‑derived feedstock per year. The project, which repurposes the Hydrocracker (HDC2) with Ecofining™...
White Gold Corp. announced new assay results from its 2025 diamond drill program at the Golden Saddle and Arc deposits in Yukon. The drilling pushed the high‑grade core at Golden Saddle 50 m westward at a depth of 350 m and intersected...

Norwegian offshore vessel owner Eidesvik Offshore has commissioned the conversion of the 95‑metre platform supply vessel Viking Energy to run on ammonia, with work slated for completion in autumn 2026. Wärtsilä will provide a 25 MW dual‑fuel engine capable of burning...
Cambria Gold Mines (formerly Ascot Resources) has launched a 27,000‑meter resource‑upgrade drill program at its Premier gold‑mine complex in British Columbia’s Golden Triangle. The initiative, funded by a C$175 million financing package, focuses on close‑spaced drilling of the Premier‑Northern Lights and...
Vital Metals announced ultra‑high‑grade rare‑earth and niobium grab samples from six prospecting zones at its Nechalacho project, suggesting a mineralized system far larger than the current Tardiff deposit. The updated resource now totals 48.6 Mt measured‑indicated with 1.32% TREO and 0.25%...
The U.S. has expanded its critical‑minerals list to 60, adding ten new elements in 2025, underscoring a widening supply gap. Because new mines take 10‑30 years to develop, the government is urging a systematic exploration strategy on mine‑enabling public lands....

Everllence, formerly MAN Energy Solutions, will supply four electrically driven compressor trains to MODEC for an FPSO serving ExxonMobil’s Hammerhead field offshore Guyana. The order includes two low‑pressure gas compressors with variable‑frequency drives and two export‑gas compressors with fixed‑speed drives....

Fraunhofer’s FZEB has launched the ProBatman project to develop direct recycling of lithium‑ion battery cathodes, aiming to recover high‑purity materials while minimizing waste. Coordinated by Netzsch‑Gerätebau, the consortium includes BMW, EurA AG, the University of Würzburg and several technology firms,...

Bridgestone Americas unveiled three new off‑the‑road tyres at CONEXPO‑CONAGG, targeting haul trucks, dump trucks and loaders. The MasterCore VMTD 27.00R49 offers a 14 % deeper tread, 10 % longer life and a 10 % load‑capacity boost for 100‑ton trucks. The V‑Steel Rock Deep...

Namibia's Ministry of Environment announced that the decision on the proposed uranium mining project in Omaheke will be guided by scientific evidence rather than political pressure. Russian‑linked Headsprings Investments, a Rosatom subsidiary, has applied for an exclusive prospecting licence to...
Chile’s mining ministry is set to file five new lithium contracts in March, just days before President Gabriel Boric departs office, as part of a push to accelerate the 2023 national lithium strategy. The contracts target the Salar de Ascotán,...

Caterpillar’s diesel‑electric LHD, the R2900XE, has been delivered to Brazil’s FERBASA, marking the country’s first unit and the first equipped with a Tier 3 engine. The machine offers an 18.5‑ton payload and claims a 20 % productivity boost over the R2900G, with...

Dutch shipbuilder Neptune Marine is preparing to launch the hull of the EuroCarrier 2712‑DP1‑TIER III workboat, named Maasstroom, for Van Wijngaarden Marine Services. The vessel will handle single and double towing, anchor handling, crane operations, survey, geotechnical and dredging support. The hull launch...

Ukraine’s agriculture and steel sectors remain economic pillars despite war‑driven disruptions, contributing roughly 7‑8% and 5.7‑7.2% of GDP respectively. Grain exports have fallen to their lowest level since the invasion, while sunflower crushing is 9% below last year and 26%...

China’s lithium carbonate futures surged after Zimbabwe suspended all raw mineral and lithium concentrate exports. The Guangzhou Futures Exchange contract jumped 6.07% to 178,020 yuan, having peaked above 9% earlier in the session. Zimbabwe, the continent’s top lithium producer, shipped...
Fastmarkets released five iron‑ore Value‑In‑Use (VIU) indices on February 26, a day later than scheduled. The indices include 61% Fe and 65% Fe fines, as well as fines measured for silicon, alumina and phosphorus, all quoted cfr Qingdao in dollars per dry...

Ghana announced an artisanal and small‑scale mining (ASM) gold formalisation programme that will channel roughly 127 metric tons of gold per year into official trade. The Ghana Gold Board, via the newly created GoldBod, will purchase a minimum of 2.45 tons weekly,...

Wood Mackenzie warns that the world’s 30 largest oil and gas firms must add roughly 22 million barrels of oil‑equivalent per day by 2040 to preserve their share of global demand. Current output of about 50 mbd is projected to fall nearly...

President Félix Tshisekedi announced a comprehensive reform of the Democratic Republic of the Congo's gold sector, targeting the massive revenue loss from smuggling and informal trade. The plan, presented at a Council of Ministers meeting on 20 February 2026, seeks...

China’s decades‑long dominance of rare‑earth processing is being challenged as the United States and allies pour over $8.5 billion into reshaping the supply chain. REAlloys Inc. has become the only North‑American company that can convert rare‑earth concentrates into metals and alloys,...