The Nugget

Unearthing The Latest In Mining

Written by Prospector | May 17, 2023 12:00:00 PM

🗨 Unearthing The Latest In Mining

Welcome to the latest edition of the Weekly Nugget! We are bringing you an exciting line of updates this week. Our Spanish-speaking friends can look forward to a new, upcoming webinar focused on Latin and South American mining projects, and our latest episode of the On the Rocks Podcast digs into the world of under-appreciated mined materials. Of course, we also have the latest news, technical reports, and the #ProspectorPoll for you as well! With springtime being this busy and exciting, we can’t wait to see what the rest of the summer brings to the industry! Enjoy! 

Emily King

Founder

 🔥 What's New

Dig into Latin and South America Mining Projects 

At Prospector, our goal is to make mining data more accessible to everyone. So, we’re excited to host a Spanish language webinar on May 24th. Join Head of Data, Alessandra Morante, as she uses Prospector to find, analyze, and monitor global mining projects! 

 

📰 In The News

Allkem, Livent to Combine in $10.6 B Deal

Australian lithium company Allkem and US-based Livent have announced they are to merge in an all-stock deal worth $10.6bn, creating the world's third-largest producer of lithium, used in electric vehicle batteries. The companies already operate lithium brine facilities in Argentina and hard rock lithium mines in Quebec, and hope to use the deal to expand production to supply growing demand from automakers including General Motors, Tesla and BMW.

Read More

These Crazy Rare Metals Could Put Miners on the Map

Rio Tinto's recent acquisition of an obscure scandium project in NSW has brought specialty metals to the attention of some of the world's largest miners. As a result, ASX explorers are now focusing on finding strange, rare, weird, and wonderful metals such as niobium, rhodium, rhenium, antimony, and boron. The interest in these specialty metals has intensified as they play a crucial role in various high-tech industries such as aerospace, electronics, and renewable energy. The race to secure these metals is on, and the competition among explorers and miners is heating up.

Read More

Indonesia Emerges as Cobalt Powerhouse Amid Surge in Demand

Demand for cobalt is expected to double to 388,000 tonnes by 2030, driven by the EV sector, according to a report by Benchmark Mineral Intelligence. The EV sector is expected to account for 89% of growth in demand by the end of the decade, up from 40% in 2022, with energy storage and super alloys contributing 3% and 2%, respectively. Global supply, primary and secondary, will exceed 200,000 tonnes this year, reaching 318,000 tonnes by 2030, meaning the market will be in deficit by then, the report warns. The Democratic Republic of Congo is the main producer of the metal, accounting for 73% of supply in 2022. However, Indonesia is expected to emerge as a major producer, contributing 37% of growth in supply from 2022 to 2030.

Read More

Major REE Deposit Found at Ramaco Mine

Ramaco Resources and researchers from the US Department of Energy’s National Energy Technology Laboratory have identified a potentially large unconventional deposit of rare earth elements (REEs) at the Brook mine in Wyoming. The mine has high concentrations of magnetic REEs, including terbium, dysprosium, neodymium and praseodymium, and initial estimates suggest 28% of the deposit's concentration may be in the form of medium-weight REEs. 

Read More

Newcrest Mining Accepts $19.2B Newmont Takeover Deal

Newcrest Mining Accepts $19.2B Newmont Takeover Deal - Newcrest Mining Ltd. and Newmont Corp. have reached a takeover agreement worth approximately A$28.8 billion ($19.2 billion), creating the world's largest gold producer. Under the deal, Newcrest shareholders will receive 0.4 shares in Newmont for each Newcrest share they own, giving them a 31% stake in the combined entity. The merger will give Newcrest an implied enterprise value of A$28.8 billion, including net debt. Additionally, Newcrest will pay a special pre-completion dividend of up to $1.10 per share.

Read More

⛏️ New Technical Reports 

Technical reports are free to view! Just click the “sign up button” and use LinkedIn, Google, or Apple credentials to sign in! 

Lithium Brines of Mansur Viewfield Areas

Company: EMP Metals Corp., ROK Resources Inc., Hub City Lithium Corp.

Geography: Canada

Minerals: Lithium

Date: 5/8/23

Peñasco Quemado Project

Company: Lodestar Battery Metals Corp. (LSTR:TSXV)

Geography: Mexico

Minerals: Silver

Date: 5/8/23

 

 

Galloway Project

Company: Fokus Mining Corp. (FKM:CSE)

Geography: Canada

Minerals: Gold

Date: 5/8/23

 

 

PAK Lithium Project

Company: Frontier Lithium Inc. (FL:TSXV)

Geography: Canada

Minerals: Silver

Date: 5/9/23

 

Los Chorrillos (Gonalbert-Felicidad)

Company: Cartier Silver Corp. (CFE:CSE)

Geography: Bolivia

Minerals: Silver

Date: 5/9/2323

 

Atsutla Project

Company: Trailbreaker Resources Ltd (TBK:TSXV)

Geography: Canada

Minerals: Gold

Date: 5/10/23

 

🎧 On The Rocks

Prospector Poll

What do you think is going to be the biggest mining news/trends this summer? 👀

Each week we want to get your opinion about the mining industry. We'll release the results with next week's Nugget! 

Last Weeks Results:

What do you think is the best part of working or investing in the mining industry?

 

 

Get The Nugget in your inbox every week, scroll down to subscribe