Latest news with #mining
CTV News
an hour ago
- Business
- CTV News
North Bay marks 100 years of mining with waterfront expo
North Bay mining expo showcases city's global industry role with 60 local firms employing 2,500 people and a jobs surge expected by 2029. Eric Taschner reports. A two-day mining expo at the Lake Nipissing waterfront is celebrating a century of mining and related projects supported by North Bay-based companies. 100 Years of Mining - North Bay A mining expo at the Lake Nipissing waterfront is celebrating a century of mining and related projects supported by North Bay-based companies. (Eric Taschner/CTV News Northern Ontario) The event also highlights the global role these companies play in mining operations worldwide. Though North Bay has no active mines, mills, or smelters, its influence is felt across mining projects globally. 'There is a significant increase in the need for this, especially in northern Ontario, with those critical minerals we need to get out of the ground to support electric vehicles and other initiatives,' said Mark Wagner, president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Northern Gateway Branch. More than 60 mining supply companies in North Bay employ about 2,500 people, playing a crucial role in mine development locally and internationally. One such company, Redpath Canada Ltd., has 200 local employees and more than 9,000 worldwide. 'We have a whole lot of content from projects and different Redpath sites,' said Tyler Foy, Redpath's manager of engineering and technical services. 'A lot of the people that just live in North Bay don't know that there's such a deep mining connection.' The expo introduces co-op students and the public to the mining sector, showcasing career opportunities in the evolving industry. Static displays of mining equipment are also featured. Co-op students at mining expo A mining expo at the Lake Nipissing waterfront introduced co-op students to the mining sector, showcasing career opportunities in the evolving industry. (Eric Taschner/CTV News Northern Ontario) Ontario's Economic Development, Job Creation and Trade Minister Vic Fedeli visited the expo Friday, praising North Bay's contributions to mining, including its role in northwestern Ontario's Ring of Fire. 'I've been to the Ring of Fire five times, and you see North Bay's drill rods, North Bay's drill bits. The tents actually were made about 20 years ago when I was there. They were made in Rutherglen,' Fedeli told reporters. 'Mining is a big part of the fabric of North Bay. The rail, the logging in the past and mining are all resource sectors. But now we've really shifted to technology. You see around us all of the technology that's used in mining today – it's a very different business today.' Vic Fedeli Ontario's Economic Development, Job Creation and Trade Minister Vic Fedeli visit a mining expo in North Bay on May 30, 2025, celebrating the city's 100-years of contributions to the industry. (Eric Taschner/CTV News Northern Ontario) Officials anticipate major growth in the sector by 2030. Ontario currently has 31,000 direct mining jobs and 46,000 indirect jobs in mineral processing and supply. 'We are expecting a 70 per cent increase in employment opportunities by 2029,' said Wagner. 'So, take those 2,500 people and do the math around that.' Wagner added that mining suppliers are optimistic about the future of critical minerals.
South China Morning Post
3 hours ago
- Business
- South China Morning Post
The future of mining: how China is upgrading traditional industry with driverless EVs
In Inner Mongolia, a convoy of haul trucks rumbles across the dusty, jagged terrain of the Yimin open-pit coal mine. It is a familiar scene in this part of northern China, home to some of the country's biggest mineral deposits, but a closer look reveals a futuristic twist to this age-old trade: the vehicles operate without drivers. Yimin is one of the five largest open-cast coal mines in China. During peak season, it used to require about 300 trucks, operated by around 1,200 drivers working shifts around the clock, to transport coal to processing sites, and soil, sand and rocks to dumping grounds. But managers said the mine faced a shortage of drivers. Dangerous driving conditions led to high attrition rates, compounded by declining interest among younger generations in pursuing this profession. 'Truck drivers face exhausting workloads that often lead to health issues,' said Yimin mine director Shu Yinqiu. The solution came earlier this year with a fleet of 100 photovoltaic-battery-powered, self-driving trucks. They represent the world's largest deployment of autonomous electric mining trucks, highlighting China's resolve to upgrade its traditional industries with advanced technologies, as the nation grapples with a shrinking labour force and an ageing population. 02:27 China rolls out world's largest fleet of driverless mining trucks powered by Huawei tech China rolls out world's largest fleet of driverless mining trucks powered by Huawei tech As part of China's push to digitally transform its coal industry – the largest in the world – Yimin was among the first to develop 'intelligent coal mines'. The initiative stemmed from guidance issued in 2020 by several central government agencies, including various ministries and the National Development and Reform Commission, which outlined the construction of intelligent mines and identified autonomous driving as a strategic goal.
Washington Post
4 hours ago
- Business
- Washington Post
Panama will allow controversial mine to export already mined copper to fund maintenance
PANAMA CITY — Panama will allow a controversial mine that was closed after months of protests to export more than 120,000 tons of already mined copper concentrate to pay the costs of maintaining the inactive mine site, government officials announced Friday. Opposition to the massive copper mine led to some of Panama's most widespread protests in recent years before the country's Supreme Court rejected a deal that allowed a Canadian company to operate it.
Globe and Mail
5 hours ago
- Business
- Globe and Mail
CopAur Minerals, a Metals Group Company, Closes Oversubscribed Non-Brokered Private Placement with Strong Industry Participation
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - CopAur Minerals Inc. (TSXV: CPAU) ("CopAur" or the "Company"), a member of the Metals Group of companies, is pleased to announce the successful closing of its non-brokered private placement (the "Private Placement"), previously announced on May 22 and 27, 2025. Due to strong investor demand, the Private Placement was upsized and now consists of 5,055,000 units (the "Units") issued at a price of $0.10 per Unit, for total gross proceeds of $505,500. The Private Placement was strongly supported by seasoned mining investors and strategic industry participants, reflecting strong internal alignment and confidence in the Company's future direction. With key participants now well-positioned within the Company, CopAur is well-structured to pursue significant corporate and exploration milestones in the near term. Each Unit comprises one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.15 for a period of 18 months from the date of issuance. The warrants are subject to an acceleration clause: if the Company's shares trade at or above $0.20 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by providing 30 days' notice to warrant holders. All securities issued under the Private Placement are subject to a statutory hold period of four months and one day, in accordance with applicable securities laws. The Company has paid a total of $33,635 in finders' fees and issued 336,350 finder warrants. Each finder warrant entitles the holder to acquire one common share at an exercise price of $0.15 for a period of 18 months, subject to the same terms as the warrants described above. Net proceeds from the Private Placement will be used for general working capital and to advance the Company's high-priority exploration projects, primarily the Kinsley Mountain Gold Project in Nevada-a Carlin-style gold system with near-term discovery potential. About CopAur CopAur Minerals Inc. is an exploration company focused on developing mineral projects within the emerging, resource-rich mining districts of Nevada. A proud member of the Metals Group of companies, CopAur is backed by a dynamic team of resource professionals with a strong track record of discovery and value creation. The Company's flagship asset is the Kinsley Mountain Gold Project, a Carlin-style gold system located approximately 90 kilometres south of the Long Canyon Mine, currently operated under the Newmont/Barrick joint venture, Nevada Gold Mines. ON BEHALF OF THE BOARD OF COPAUR MINERALS INC. Jeremy Yaseniuk, Chief Executive Officer For more information, please contact: Jeremy Yaseniuk, Chief Executive Officer & Director Tel: +1 (604) 773-1467 Email: jeremyy@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward Looking Information This news release contains forward-looking statements. These statements relate to future events or Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
Globe and Mail
6 hours ago
- Business
- Globe and Mail
Lancaster Resources Announces Closing Conditions Met for Lake Cargelligo Acquisition
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF0) (' Lancaster '), is pleased to announce it has received approval from the Canadian Securities Exchange to complete the acquisition of the Lake Cargelligo Gold Project and has today completed the $400,000 non-brokered private placement financing as announced on April 23, 2025, which was fully subscribed. With all key conditions met, Lancaster expects the acquisition to close imminently. Lake Cargelligo Gold Project Highlights: District-scale opportunity: 28,768 hectares in a single, contiguous claim with over 25 km of prospective strike and three primary target zones. High-grade results: Historical sampling includes results up to 204 g/t Au and 273 g/t Ag from rock chips, and up to 16m @ 5.83 g/t Au and 7.20 g/t Ag from channel sampling. 1 Acquisition Terms Under the terms of the definitive agreement, Lancaster will acquire a 100% interest in the Lake Cargelligo Gold Project. The total consideration for the acquisition is payable as follows: $10,000 in cash at closing; 10,000,000 common shares with voluntary resale restrictions, released over a 24-month period in staged tranches starting four months after closing. No finders' fees are payable in connection with the acquisition. The vendors will retain a 2% net smelter returns (NSR) royalty on all mineral production. Lancaster may repurchase 1% of the NSR for $2,000,000. The remaining 1% is subject to a repurchase right at fair market value based on a discounted cash flow valuation. Lancaster must incur $400,000 in exploration expenditures within 12 months of closing as an initial work commitment. Failure to do so, after a 60-day cure period, allows the vendors to reacquire the Project for $10,000. A second work commitment of $3,000,000 over 36 months is optional, with similar cure rights for the vendors to reacquire the Project for $50,000. Milestone payments of up to $3.68 million are payable as follows: $30,000 on completion of the first geophysics program; $50,000 on commencement of the first drill program; $50,000 upon raising $1,000,000 post-closing; $50,000 upon receipt of conditional ASX listing approval; $500,000 on a NI 43-101 or JORC-compliant 1Moz gold resource; $1,000,000 on a NI 43-101 or JORC-compliant PEA for a 1Moz resource; $2,000,000 on a NI 43-101 or JORC-compliant PFS for a 1Moz resource. Management Commentary 'With gold reaching record highs and demand remaining robust, we believe Lake Cargelligo is a timely and strategic addition to our portfolio,' said Lancaster CEO Andrew Watson. 'Our team is preparing a Phase 1 exploration program for Summer/Fall 2025 aimed at unlocking the Project's excellent geological and geochemical potential.' All exploration results are historical in nature and have not been verified by a Qualified Person under NI 43-101. The Company considers these results relevant for exploration purposes but not necessarily indicative of mineralization on the property. Andrew Watson, President and CEO and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is not independent of the Company. About Lancaster Resources Inc. Lancaster Resources Inc. is a Canadian exploration company focused on advancing a diversified portfolio of critical mineral and precious metal assets. The Company holds a 100% interest in the Piney Lake Gold Project in Saskatchewan and maintains additional uranium exploration projects at Catley Lake and Centennial East in the Athabasca basin, Saskatchewan, as well as the Alkali Flat Lithium Project in New Mexico. Lancaster has also signed a definitive agreement to acquire the Lake Cargelligo Gold Project in New South Wales, Australia. Andrew Watson, President & Chief Executive Officer, Lancaster Resources Inc. info@ Tel: 604 923 6100 The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this news release. Cautionary Statement Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events, or Lancaster's future performance. The use of any of the words 'could', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, ability to complete the acquisition of the Lake Cargelligo Gold Project, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws. 1 Sources include: (1) Carpentaria Exploration Ltd., 2014 Annual Report for EL8095; (2) Aberfoyle Exploration Pty Ltd., First and Final Report for EL1770, June 1982; (3) Lachlan Resources N.L., First Six-Month Progress Report for EL2914; and (4) MinView database from the Geological Survey of NSW ( nview).
