Grid Metals and Boliden Sign $10M Agreement for Thompson East
Grid Metals Corp. and Boliden Mineral Canada have signed a definitive option and joint‑venture agreement to explore the Thompson East copper‑nickel‑PGM‑cobalt project in northern Manitoba. Boliden can earn an 80% interest by funding roughly $7 million USD in cumulative expenditures and paying $364,325 cash to Grid. Grid will manage early exploration while a technical committee oversees the work, with drilling slated for late 2025 after extensive geophysical surveys. The deal gives Grid shareholders exposure to a high‑potential mineral belt backed by a world‑class European miner.
Intrepid Potash Sells South Ranch for $70M
Intrepid Potash Inc. announced that its New Mexico subsidiary has signed a $70 million Asset Purchase Agreement with HydroSource Logistics to sell the majority of the Intrepid South Ranch. The deal transfers roughly 21,793 acres of fee land, 27,858 acres of...
Soma Gold Submits Permit Application for Nechí Project
Soma Gold Corp has filed a PTO (Permiso de Trabajo de Obra) mining permit for its Nechí underground project in Bolívar, Colombia. The Nechí deposit is slated to deliver 250 metric tons per day of ore to the El Bagre...
Pacgold Delivers First Gold Production at White Dam
Pacgold Ltd announced maiden gold production at its White Dam project, recovering roughly 2 kg (60 oz) of calcined gold in the first 14 days after a plant recommissioning. The re‑crushing circuit is now processing about 1,500 tons of ore per day, with...
Argentina Passes Bill to Expand Glacial Mining
Argentina’s lower house approved a reform bill that overturns the 2010 Glacier Law, allowing mining in glacial and permafrost zones of the Andes. The Chamber of Deputies voted 137‑111 with three abstentions after a 12‑hour debate, following Senate approval in...
Panama Approves Processing of Stockpiled Ore
Panama’s government gave First Quantum Minerals approval to remove, process, and export the 38 million‑ton stockpile of ore at the suspended Cobre Panamá mine. The stockpile holds about 70,000 metric tons of recoverable copper, but the plan does not constitute a mine reopening and...
Barrick to Slow Development at Reko Diq
Barrick Mining announced it will slow development of its Reko Diq copper‑gold project in Pakistan, extending the review period to mid‑2027. The pause follows preliminary findings and heightened security incidents in Balochistan, a region bordering Afghanistan and Iran. While capital spending...
North American Construction Group Acquires Iron Mine Contracting
North American Construction Group (NACG) closed a roughly $125 million purchase of Iron Mine Contracting (IMC) on April 7, 2026, with an economic effective date of January 1, 2026. The deal gives NACG an established platform in Western Australia, adding a diversified blue‑chip...
First Atlantic Nickel Accepted Into DIBC
First Atlantic Nickel Corp. has been admitted to the U.S. Defense Industrial Base Consortium (DIBC) because of its Pipestone XL awaruite nickel‑cobalt alloy project in Newfoundland. The DIBC oversees defense‑critical mineral investments, and nickel is listed as essential for aerospace,...
Kemi Mine to Launch Circular Ecosystem
Outokumpu, together with the EU‑funded Lapland Mining Hub and Digipolis, is launching a data‑driven circular‑economy ecosystem at its Kemi chromium mine. The initiative aims to convert roughly 3 million metric tons of annual waste rock and tailings into marketable inputs such...
Court Upholds Permit for Rhyolite Ridge
The U.S. District Court for Nevada upheld the Bureau of Land Management’s approval of Ioneer Ltd.’s Rhyolite Ridge mine plan, confirming compliance with the Endangered Species Act, Federal Land Policy and Management Act, and NEPA. The decision removes the last...
Final Production at Rio Tinto’s Diavik Diamond Mine
Rio Tinto’s Diavik diamond mine in Canada celebrated its final day of production after 23 years, having extracted more than 150 million carats of rough diamonds. The mine, which operated both open‑pit and underground methods beneath Lac de Gras, will cease...
Volvo Pulls the Plug On Rokbak
Volvo Construction Equipment announced it will close the Rokbak line of articulated haulers at its Motherwell, Scotland plant, with production slated to end in the second half of 2026. The move follows rising operational expenses, strained supply chains and broader...
Zijin Mining Acquires Majority Stake in Chifeng Gold for $2.6B
Zijin Mining, China’s largest gold producer, is set to acquire a controlling stake in Chifeng Jilong Gold Mining for $2.64 billion (approximately ¥18.26 billion). The deal will lift Zijin’s ownership to about 26%, giving it full financial consolidation of Chifeng’s six gold...
Nelson Brothers Unwinds Agreement with Orica
Nelson Brothers, Inc. (NBI) announced a strategic restructuring that will unwind its joint‑venture with Orica. Under the agreement, NBI will acquire 100% ownership of its Specialty Chemicals business, which produces emulsifiers for explosives, while Orica will take full control of...
