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Canada commits $352M to Red Chris mine expansion in British Columbia

2026-07-05

The Canadian government has pledged C$500 million ($352 million) in financial backing for the Red Chris Block Cave expansion in British Columbia, signaling a strategic push to accelerate major mining projects. This significant investment aims to bolster Canada's annual copper production by over 15%, while also supporting critical mineral demand for clean energy and reducing the project's greenhouse gas emissions by more than 70%. The move comes as Newmont, the majority owner and operator, advances the project towards a final investment decision, following recent crucial regulatory approvals.

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Recent Articles

Energy Dominance Financing Office Celebrates One Year Since Passage of the Working Families Tax Cuts Act

2026-07-05

The U.S. Department of Energy's Office of Energy Dominance Financing (EDF) has marked the one-year anniversary of President Trump’s Working Families Tax Cuts, which expanded the EDF's loan authority to over $250 billion to bolster U.S. energy and industrial leadership. Highlighting significant investments in nuclear power restarts, grid modernization, and critical mineral supply chains, the EDF is driving a national strategy to secure baseload energy, lower consumer costs, and revitalize domestic manufacturing, including a substantial focus on strategic resources and agricultural inputs. This initiative signals a major shift in federal energy policy with profound implications for the mining sector, particularly in uranium, copper, and critical minerals.

Almonty kicks off processing at Sangdong tungsten mine

2026-07-05

Almonty Industries has officially commenced processing plant throughput operations at its Sangdong tungsten mine in South Korea, marking a critical transition from mine development to revenue-generating production. This milestone, announced on July 2, 2026, positions Sangdong, a historically significant tungsten producer, to re-emerge as a major Western supplier amid a robust tungsten pricing environment and increasing global demand for critical minerals. The operation is set to leverage a substantial ore stockpile and a modern processing facility to produce high-purity tungsten concentrate, with a projected mine life exceeding 45 years and the potential to supply 40% of the world's tungsten demand outside China.

US uranium revival gains traction as output triples

2026-07-05

The United States uranium mining sector experienced a significant resurgence in 2025, with production more than tripling to 2.1 million pounds of uranium oxide (U3O8), marking its highest level in nearly a decade. This revival is underpinned by robust government support, increasing spot prices, and rising demand driven by the expansion of nuclear energy and data center power requirements. Key indicators such as exploration drilling, development activities, and expenditures also saw substantial gains, signaling a potent recovery for domestic uranium supply.

Secretary Wright Applauds End of New Federal Wind and Solar Subsidies

2026-07-04

U.S. Secretary of Energy Chris Wright announced the cessation of federal tax credit subsidies for new wind and solar projects not yet under construction, effective July 4, 2026. This policy shift, enacted through the Working Families Tax Cut, concludes over three decades of federal support for these renewable energy technologies, which accounted for approximately three percent of U.S. primary energy consumption in 2025. The decision highlights concerns over land usage, material intensity, transmission infrastructure needs, and the intermittency of wind and solar, signaling a potential redirection in U.S. energy policy with significant implications for the mining sector.

Metalsource Mining expands Silver Hill project in North Carolina

2026-07-04

Metalsource Mining has significantly expanded its land holdings at the Silver Hill project in Davidson County, North Carolina, through the acquisition of an additional 141 acres, bringing its total consolidated land position to approximately 1,300 acres. This strategic move, announced on July 3, 2026, aims to broaden the company’s exploration efforts along strike and down dip of known mineralization, supporting its objective of assessing the district-scale potential of the historic mine area. With pending assay results and plans to accelerate drilling with an additional rig, Metalsource Mining is intensifying its focus on defining the full extent of the Silver Hill system.

BHP agrees to sell San Manuel property to Faraday Copper

2026-07-04

BHP has reached a definitive agreement to sell its San Manuel copper property in Arizona, USA, to Faraday Copper, a move set to close by September 30, 2026. This strategic transaction will grant BHP a significant 30% fully diluted equity interest in Faraday, along with critical shareholder and offtake rights, positioning Faraday to consolidate San Manuel with its adjacent Copper Creek project into a major combined operation supporting domestic US copper supply.

Energy Secretary Secures Carolinas’ Grid Amid Period of Hot Weather

2026-07-03

The U.S. Department of Energy (DOE) issued an emergency order on July 2, 2026, authorizing Duke Energy to temporarily override environmental regulations and maximize power output from specified units in the Carolinas. This measure, effective until July 6, 2026, aims to stabilize the regional grid and prevent blackouts amidst unusually high temperatures and burgeoning electricity demand. The decision underscores critical debates around energy reliability, the flexibility of regulatory frameworks, and the foundational role of the mining industry in securing essential power infrastructure.

Newcore Gold hits above-reserve grade at Nyam deposit

2026-07-03

Newcore Gold has reported high-grade gold intercepts at depth from its Nyam deposit, part of the Enchi project in Ghana, signaling potential for significant resource growth. These drill results, occurring below the existing reserve pits and exceeding current reserve grades, underscore the project’s capacity for a larger, higher-grade operation than currently outlined in its recent Pre-Feasibility Study. This development arrives as analysts highlight the uncaptured upside of the Enchi project, particularly through deeper CIL processing, with continued exploration expected to bolster its economic profile and extend its mine life.

BHP seeks to restart Cerro Colorado mine with $1.5B investment

2026-07-03

BHP has initiated the process to restart its Cerro Colorado copper mine in Chile, proposing a significant $1.5 billion investment to extend its operational life by 20 years. This strategic move, announced on July 2, 2026, involves applying for a new environmental permit and pivoting to innovative water solutions, including the use of treated wastewater delivered via a 100 km pipeline, addressing the mine's closure in late 2023 due to water permit denials. The restart signifies BHP's commitment to its Chilean portfolio and long-term copper production amidst evolving regulatory landscapes and increasing demand for sustainable mining practices.

U.S. Department of Energy Meets President Trump’s Goal, Delivers Third Advanced Reactor Criticality

2026-07-02

The U.S. Department of Energy has successfully met President Trump’s executive order, achieving criticality in three advanced microreactors—Deployable Energy’s Unity, Antares Nuclear’s Mark-0, and Valar Atomics’ Ward 250—before the July 4, 2026 deadline. This unprecedented milestone, marking the first time a nation has brought three unique advanced microreactor designs to criticality in a single month, signals a significant rebirth of nuclear energy innovation in the United States and holds profound implications for national energy security and the mining sector's future.