Australian Strategic gets debt funding for rare earths project
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding package of up to A$400 million ($260.84 million) from Canada’s official export credit agency.
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Ottawa outlines eligibility for companies seeking C$1.5bn in critical minerals infrastructure funding
Mining News Pro - Ottawa is finally getting ready to accept applications for a C$1.5-billion infrastructure fund to support critical minerals mines, with stakeholders in Ontario’s Ring of Fire hoping they will be among the recipients.
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Caledonia explores funding options to build Zimbabwe’s biggest gold mine
Mining News Pro - Caledonia Mining Corp is exploring options to raise $250 million needed to develop its Bilboes project into what could be Zimbabwe’s biggest gold mine.
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Piedmont commits to funding Atlantic Lithium’s Ghana project, acquires 22.5% stake
Mining News Pro - Piedmont Lithium (Nasdaq: PLL; ASX: PLL) has exercised its option to acquire an initial 22.5% stake in Atlantic Lithium’s (AIM: ALL, ASX: A11) Ewoyaa project in Ghana, having committed $17 million to fund the project through its definitive feasibility study (DFS).
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Renewable-energy analysis startup Orennia raises $19 million in funding
Mining News Pro - Orennia Inc. has raised C$25 million ($19m) in a funding round that its CEO says could allow the green-energy analysis startup to double in size over the next 12 months.
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SACOME calls for resources funding
Mining News Pro - The South Australian Chamber of Mines & Energy (SACOME) has called on the South Australian Government to prioritise funding for the resources sector.
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Canada’s budget measures brighten funding prospects for critical miners
Mining News Pro - Canada’s move to expand the investment tax credit for mining companies to align it with policies in the United States is accelerating funding talks for critical miners, company executives told Reuters.
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EU urges European banks to step up funding for critical minerals
Mining News Pro - European Commissioner Thierry Breton urged European financiers this week to provide more funding to suppliers of minerals needed for the energy transition, as the European Union prepares its Green Deal industrial plan.
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Greatland unveils A$340m funding solution for Havieron
Mining News Pro - Greatland Gold has secured up to A$340-million in new funding for the development of the Havieron gold project, including up to A$120-million in funding from Wyloo Metals.
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Barrick Gold, Pakistan set copper-gold project funding structure
Mining News Pro - Barrick Gold and the Pakistan government have agreed on the structure governing the funding and profit-sharing of the $7 billion Reko Diq copper-gold deposit in the province of Balochistan.
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Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7bn offer
Mining News Pro - Canada’s Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner’s $2.7 billion bid for the company.
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Zimbabwe mines see $10 billion funding shortfall over five years
Mining News Pro - Zimbabwe’s mining industry sees a funding shortfall of $10 billion over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility.
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Canadian technology to recover strategic metals from spent Li-ion batteries gets over $20m in funding
Mining News Pro - Canadian company Lithion Recycling received $22.5 million from the Quebec government to continue developing a technology to recover 95% of strategic materials from end-of-life lithium-ion batteries and industrial waste.
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Australia unveils $360m in critical minerals funding to offset China dominance
Mining News Pro - Australia announced almost A$500 million ($360 million) in funding to boost the output of critical minerals, aiming to diversify supply for its allies and counter China’s dominance of the global market.
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Swedish consortium gets funding to commercialize grid-scale energy storage concept
Mining News Pro - An international consortium led by Swedish grid-scale energy storage company Mine Storage has been granted Vinnova funding to finalize the blueprint for what could be the world’s first commercial underground mine storage facility, indicating increased interest in the potential of using abandoned mines for energy storage.
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Turquoise Hill says Oyu Tolgoi needs another $1.2 billion funding
Mining News Pro - Vancouver-based Turquoise Hill Resources said on Thursday the estimated additional funding required for the Oyu Tolgoi copper mine in Mongolia was now $1.2 billion higher than previously expected.
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Coal industry is getting ample funding to pile into new plants
Mining News Pro - The coal industry is still getting enough funding to enable significant investments in the world’s dirtiest fossil fuel, according to a report from German campaign group Urgewald.
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China vows to end funding for overseas coal power plants
Mining News Pro - China’s president Xi Jinping has pledged to stop backing new coal power plants overseas in a move that would cut off a key source of financing for projects involving the fossil fuel.
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MRIWA boosted by additional funding from WA
Mining News Pro - The Western Australia Government is contributing an additional $6 million to the Minerals Research Institute of Western Australia (MRIWA) across the next four years until 2024-25.
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Aqura gets Federal funding for underground 5G
Mining News Pro - Aqura Technologies has received a $1.9 million grant from the Federal Government’s Digital Business Plan 5G Innovative Initiative to help commercialise its 5G LTE networks in mining applications.
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Orefox funding to boost QLD critical mineral discoveries
Mining News Pro - OreFox has secured funding that will see the geological data analytics company further commercialise its cutting-edge proprietary artificial intelligence (AI) technology to assist the Queensland mining sector.
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Core puts funding in place for Finniss development
Mining News Pro - Australian lithium developer Core Lithium has unveiled a A$106-million capital raise initiative to fund the development of its Finniss project, in the Northern Territory, and has announced a A$34-million investment from lithium major Gangfeng Lithium.
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WA bolsters exploration funding
Mining News Pro - The Western Australian Government has increased its contribution to the Exploration Incentive Scheme (EIS) by $2.5 million, just days after it opened for applications.
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WA government funding to boost exploration drilling
Mining News Pro - Exploration companies can apply for Western Australian Government assistance with round 24 of the Exploration Incentive Scheme (EIS) co-funded drilling program and series 2 of the co-funded Energy Analysis Project (EAP) program now open.
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Further funding cuts lead times for QLD exploration
Mining News Pro - The Queensland Government has awarded 16 companies with a share in over $2.5 million for the fifth round of its Collaborative Exploration Initiative (CEI).
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