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Base Resources, Energy Fuels to merge, create enhanced critical minerals company

By: Tasneem Bulbulia     Updated 4 hours ago ASX- and Aim-listed Base Resources and US-based uranium and critical minerals producer Energy Fuels have reached a binding agreement for Energy Fuels to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement. Base shareholders are to receive 0.0260 Energy Fuels common... 

Mayur secures $155m for PNG lime project

By: Mariaan Webb     22nd April 2024 Australia-listed Mayur Resources on Monday announced complete funding for its flagship Central Lime Project (CLP), marking a step towards positioning Papua New Guinea as a major lime exporter in the Australasian region. The financing, totaling $155-million, has been secured through a combination... 

GoviEx in talks with Niger govt on Madouela start date

By: Sabrina Jardim     19th April 2024 TSX-V listed GoviEx Uranium is in discussions with the government of Niger regarding the start of mining operations after having received notice that it must begin mining at its Madaouela uranium project by July 3, or risk having its mine permit revoked. The company says it is committed to... 

Over-optimistic, exaggerated expectations in platinum market can lead to bad investment decisions, says CPM

By: Marleny Arnoldi     19th April 2024 Independent commodity research group CPM Group managing partner Jeffrey Christian has dispelled some of the common myths in the platinum market, which can lead to bad investment decisions on the part of producers, investors, governments and other financing sources. “There are high costs to making... 

Iluka posts lower first-quarter volumes as planned

By: Marleny Arnoldi     19th April 2024 Australia-focused mineral sands and rare earths miner Iluka Resources has reported lower year-on-year production of most of its commodities owing to inventory management and a major maintenance outage in the quarter ended March 31. The company’s zircon/rutile/synthetic rutile production totalled... 

Renascor signs native title agreement to advance Siviour desalination plant

By: Creamer Media Reporter      19th April 2024 ASX-listed Renascor Resources has entered into an indigenous land use agreement (ILUA) with the Barngarla Determination Aboriginal Corporation (BDAC) – the registered native title body corporate of the Barngarla People, the traditional owners of land in the area encompassing the upstream portion... 

Reunion Gold signs mineral agreement with Guyana govt for Oko West project

By: Sabrina Jardim     19th April 2024 TSX-V-listed Reunion Gold has signed a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission that provides the company, and its 100%-owned Guyanese subsidiary, with stable fiscal and operating conditions during the life of the Oko West gold project,... 

Xanadu engages Bacchus Capital as strategic, project funding adviser

By: Sabrina Jardim     19th April 2024 ASX- and TSX-listed exploration company Xanadu Mines has engaged financial consultant Bacchus Capital Advisers as its strategic and project funding adviser in relation to the Kharmagtai copper/gold project, in the South Gobi region of Mongolia. Xanadu is executing a prefeasibility study (PFS) at... 

New boost for platinum group metals may arise from emerging eFuel scale-up  

By: Martin Creamer     19th April 2024 The emerging use of electrofuel (eFuel) as an interchangeable substitute for petrol, diesel and aviation fuel has the potential to create important new demand for Southern Africa’s platinum group metals (PGMs). This is because eFuel is a combination of green hydrogen and waste carbon dioxide... 

Kenyan plant to be enhanced

19th April 2024 Japan-based energy and power generation company Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced last month that it had received an order from SEPCOIII Electric Power Construction Company for steam turbines and generators for the geothermal power plant equipment renovation... 

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