Treasure Hunt – Toronto: The heartbeat of mining industry finance

Shares in the Northern Ireland-focused miner soared on the announcement of deal to expand blasting at its Omagh gold mine.

They thrived in the last quarter of last year as the global industry began bouncing back from the pandemic-induced shutdown, EY’s latest Canadian Mining Eye index shows.

The Canadian miner said that even though its focus continues to be battery metals, it will investigate its five projects for silver potential.

Rio Tinto Exploration Canada mobilized two drills and will focus on the Rafuse target and the Jansem prospect.

Company has reported progress with the turnaround at its gold mine in Timmins, Canada.

Cameco is the commercial lead for the project and has an option to attain a majority interest of up to 75%.

The plant allows for the cost-effective bulk separation and purification of both heavy REEs and light REEs for the production of rare-earth oxides.

Thyssenkrupp’s Canadian subsidiary will build an 88-megawatt water electrolysis plant capable of producing 11,100 tonnes of hydrogen per year.

Local judge declined to charge the Canadian miner with tax fraud, but case is far from closed.