🔥 What's New
Tarachi Signs LOI For Transformative Acquisition Of Prospector
"The proposed transaction with Prospector is an incredible opportunity for Tarachi shareholders to both take advantage of the rapidly developing artificial intelligence space while still keeping significant exposure to a strong commodities market," commented Cameron Tymstra, Tarachi President and CEO.
The current agreement is non-binding, but when put into place would see Emily King become CEO of Tarachi, and COO Jon Godbout would join the management team as COO of New Tarachi. Along with these changes, Tarachi would acquire 100% of Prospector Portal Inc.
Click below for the full press release.
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Introducing The Bedrock Alliance
We are excited to announce The Bedrock Alliance, a groundbreaking initiative uniting mining and exploration companies to a global humanitarian crisis, with an immediate focus on alleviating the famine in Sudan.
Recognizing the vast resources and capabilities within the mining industry, the Bedrock Alliance seeks to mobilize these assets for impactful humanitarian aid. This campaign leverages the financial strength, technological innovation, and skilled workforce of its member companies to provide support in times of need.
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📰 In The News
Mining, Nature’s Most Unexpected Guardian
- Nature-focused initiatives in mining have surged, influenced by the ICMM's mission on nature-positive mining, TNFD guidelines, and updates to GRI and ISSB standards, as highlighted by recent industry activities and disclosures.
- Despite mining companies' long-standing efforts in measuring and mitigating biodiversity impacts, renewed public and regulatory attention, particularly following the Kunming-Montreal Global Biodiversity Framework, has intensified the focus on nature conservation.
- The ICMM's commitment to achieving no net loss by closure and value chain impact disclosures by 2030 underscores the industry's leadership in environmental stewardship, challenging companies to align with new standards and practices for sustainable mining operations.
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Gold Price Surpasses $2,500 For First Time Ever
- Gold surpassed $2,500 per ounce for the first time in history on Friday amid rising geopolitical tensions and new data indicating a weakening US economy.
- December gold contracts hit an all-time high of $2,522.50 before falling to $2,475.90, while spot gold posted a marginal loss at $2,432.86 per ounce.
- Gold has gained about 3% this week due to safe-haven demand from Middle East tensions and expectations of rate cuts, supported by lower US 10-year yields and a declining dollar index.
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The Lawless Mining Gangs Targeting The Amazon’s Precious Green Energy Minerals
- Cassiterite, a vital mineral for the energy transition, is highly sought after in Brazil, leading to increased illegal mining activities and environmental concerns, particularly in Indigenous Yanomami territory.
- Despite the rising demand and prices for cassiterite and other critical minerals like manganese and copper, illegal mining operations continue to exploit these resources, posing significant challenges to law enforcement and Indigenous communities.
- Initiatives to support legal mining projects, such as investment funds and policy reforms, aim to address the demand while ensuring responsible mining practices, but corruption and inadequate regulation remain obstacles.
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🎧 On The Rocks
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❓ Prospector Poll
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