Mariaan Webb

1 week ago | miningweekly.com | Mariaan Webb

ASX-listed Everest Metals Corporation (EMC) is aiming to lead Australia’s entry into the rubidium sector by leveraging its new membership in the US Defence Industrial Base Consortium (DIBC). Rubidium, listed as a critical mineral by the US, is used in defence, aerospace, high-tech electronics, and medical applications. Despite the breadth of applications and demand for rubidium, caesium, and their hydrides, global production remains significantly lower than that of other alkali metals.

1 week ago | miningweekly.com | Mariaan Webb

Quebec-based rare earth developer Torngat Metals on Tuesday announced C$165-million in combined financing for its Strange Lake rare earths project in Nunavik. The company signed a C$110-million bridge loan facility with Export Development Canada (EDC) and secured a loan commitment of up to C$55-million from the Canada Infrastructure Bank (CIB) to fund preconstruction activities, including engineering and environmental studies necessary for permitting.

1 week ago | miningweekly.com | Mariaan Webb

The leaders of the Group of Seven (G7) countries have unveiled a new critical minerals action plan aimed at securing the supply of materials for clean energy, digital technologies and industrial production, while countering non-market influences that threaten global access to these resources.

1 week ago | miningweekly.com | Mariaan Webb

Gold producer Asante Gold has secured $470-million in credit and equity commitments, laying the foundation for a financing package that will fund its growth ambitions and recapitalise its balance sheet. The commitments include a $175-million package from private funds advised by Appian Capital Advisory and a $170-million credit and underwrite commitment from Rand Merchant Bank (RMB), a division of FirstRand Bank.

1 week ago | miningweekly.com | Mariaan Webb

ASX-listed St Barbara has trimmed its full-year production guidance following a weather-related disruption at the Simberi mine, in Papua New Guinea, but remains optimistic as it awaits a key decision on the early renewal of the project’s mining lease. The company now expects to produce between 50 000 oz and 52 000 oz of gold in the 2025 financial year, down from prior expectations, with an all-in sustaining cost (AISC) forecast of between A$4 400/oz and A$4 700/oz.