May is Mining Month in British Columbia, an ideal time to recognize and celebrate this cornerstone industry in our province. Mining moves us, connects us, and allows us to innovate. It drives and builds our technology and is the very foundation of almost everything around us, from the copper, gold and silver used in electrical equipment, smartphones, and healthcare equipment to the critical minerals that build the batteries, wind turbines and solar panels that are essential to fighting climate change. Mining is one of B.C.’s largest industries and a foundational part of our economy, providing ..read more

Golden Minerals Company (NYSE-A: AUMN, TSX: AUMN) announced on Friday it has sold its primary assets in Mexico comprising the Velardeña properties in Durango state that it briefly brought back to production. Assets included in the sale are the Velardeña and Chicago underground mines, both of the company’s oxide and sulfide processing plants, and related equipment. Total consideration is $5.5 million cash, plus value-added tax. The buyer is a privately held company based in Mexico. In December, Golden Minerals brought the Velardeña mines back into production and had hoped to generate positive c ..read more

Further investigation by Red Pine Exploration (TSXV: RPX) into the reporting inconsistencies on its Wawa gold project assays has led to the belief that its former CEO was the culprit of an “unauthorized manipulation” of certain results. The conclusion was drawn after reviewing the chain of custody of assay results that were sent from Activation Laboratories of Ontario and those later used for public disclosure, which had shown inconsistencies. During the investigation, the Canadian gold explorer found that while the correct drill core assays were sent via email by Actlabs from the spring ..read more

Management changes announced this week: Aero Energy named Martin Bajic its CFO. Avanti Gold appointed Ian MacLean its new CEO. CO2 Lock named Scott Larson CEO. Founders Metals welcomed Katie MacKenzie as VP corporate development. The new CFO at Homerun Resources is Nancy Zhao. IberAmerican Lithium engaged Hannah Badenach as senior commodities strategist. Nickel 28 Capital terminated Anthony Milewski (CEO), Justin Cochrane (president), and Conor Kearns (CFO) on May 3 amid allegations of serious misconduct. Omai Gold Mines named Marcel Cameron country manager for Guyana. Scorpio Gold named Chris ..read more

UK students aged 16 to 18 are taking part in a challenge aimed at developing a small robot capable of transporting a mock nuclear waste barrel. The challenge has been organized by the Robotics and AI Collaboration (RAICo) – a joint effort between the UK Atomic Energy Authority, the Nuclear Decommissioning Authority, Sellafield Ltd and the University of Manchester – and the Industrial Solutions Hub (iSH), which delivers programmes that build on West Cumbria’s nuclear heritage, expanding its technical capability and developing a regional industrial cluster. The students belong to the West Lakes ..read more

Lucara Diamond (TSX: LUC) announced a successful start to 2024 as it sold about 12% more diamonds from its Karowe mine in Botswana than in the first quarter of 2023 and operating cost decreased by 2%. The Canadian miner’s revenue in the period was slightly lower in first the tree months of the year than in the same quarter last year — down to $41.1 million from $42.8 million.  Chief executive William Lamb qualified the results as positive, given the current market conditions that have dragged rough diamond prices down. He attributed the outcome to a combination of the timing of produ ..read more

Nokia has been chosen by Sigma Lithium, a global lithium producer, to deploy the first private LTE wireless campus network in the Americas that supports lithium mining. Nokia will work with partner Alcon to roll out the private wireless network, which will support 200 Sigma employees and add innovative mining applications that boost productivity and operational efficiency. As the world converts to more energy-efficient vehicles to combat climate change, lithium exploration globally is expected to increase more than 10 times by 2035. Sigma produced record amounts of Triple Zero Green Lithium at ..read more

Shares of NexGen Energy (TSX: NXE) (NYSE: NXE) (ASX: NXG) rose on Thursday as the uranium developer inked an agreement with MMCap International for the procurement of 2.7 million pounds of uranium concentrate. The deal is valued at $250 million, based on the five-day average spot price. NexGen traded 4.6% higher at C$11.00 at 12 pm EDT. The company has a market capitalization of C$5.9 billion ($4.3bn). In a binding term sheet, NexGen commits to issuing $250 million in secured convertible debentures to MMCap in exchange for the uranium concentrate. These debentures will be convertible into abou ..read more

E3 Lithium (TSXV: ETL) is expanding its Calgary-based lab to incorporate equipment used for polishing and production of battery products such as lithium carbonate and lithium hydroxide. The development facility, located at the University of Calgary, has been operational since early 2021. Its focus has been on the development and verification of direct lithium extraction (DLE) processing technologies. According to E3, DLE technologies can extract brine from Alberta’s oilfields efficiently and effectively to produce a lithium-rich concentrate stream. The process to convert the lithium-rich solut ..read more

Africa-focused Montage Gold (TSXV: MAU) announced Thursday it has received a ministerial order granting all environmental approvals for the development of its Koné project in Côte d’Ivoire. “The receipt of the environmental permit marks a significant milestone in our permitting process and reflects the strong support received from numerous government agencies and local communities,” commented Martino De Ciccio, CEO of Montage, in a news release. During 2023, Montage began preparations for the Koné environmental and social impact assessment based upon the project design as outlined in the ..read more