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Canadian Mint to disclose sourcing data after report on cartel gold ties

2026-05-03

The Royal Canadian Mint has announced significant changes to its gold sourcing disclosure policies following a New York Times investigation that alleged some of its refined gold may have originated from mines controlled by a Colombian drug cartel. Effective immediately, the Crown corporation has suspended refining material from the implicated supply chain and will begin disclosing country-of-origin data by material type on its website, providing enhanced transparency for the global precious metals market.

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Recent Articles

Ontario to axe early-stage red tape, mining minister says

2026-05-03

Ontario is set to enact new legislation this autumn to significantly reduce regulatory burdens on early-stage mining projects, aiming to catalyze private investment and shorten development timelines. This move coincides with a strategic pivot in the province's mineral strategy from electric vehicle components towards "defence metals," amidst stalled battery plant projects. Furthermore, Ontario is strongly backing Toronto's bid to host the NATO Defence, Security and Resilience Bank, leveraging its robust mining finance and defence sectors to strengthen North American supply chains and influence ongoing Canada-United-States-Mexico Agreement (CUSMA) review discussions.

Op-Ed: What Canada’s sovereign wealth fund, defence industrial strategy mean for miners

2026-05-03

Canada has launched two significant federal initiatives – the Canada Strong Fund, a new national sovereign wealth fund with C$25 billion over three years, and a comprehensive Defence Industrial Strategy. These efforts, highlighted by industry experts Jennifer Wasylyk and Carla Potter of Cassels, signal a fundamental redefinition of critical minerals as national security assets rather than mere commodities, profoundly impacting how mining projects may be financed, prioritized, and regulated across the nation.

Cove Kaz, Skyline sign merger agreement

2026-05-02

Cove Kaz Capital Group and Skyline Builders Group have signed a definitive merger agreement, anticipating the formation of Kaz Resources, a Nasdaq-listed entity under the ticker ‘KAZR’. This strategic consolidation aims to establish a global leader in critical minerals, particularly tungsten and rare earths, destined for the US defense and industrial sectors. The merger, which includes the significant acquisition of Kaz Critical Minerals' 15 licenses in Kazakhstan, is strategically poised to leverage substantial US government financial backing for its advanced exploration and late-stage projects.

Silver Sands to acquire Fairfield Gold Project in Mexico

2026-05-02

Silver Sands Resources has signed a definitive agreement to acquire a 100% interest in the Fairfield Gold Project in Mexico’s State of Nayarit from Fairfields Gold. This strategic move, involving approximately $675,000 in cash and 5.15 million common shares over four years, positions Silver Sands to explore a historically significant property with high-grade gold and silver mineralization identified by ASARCO nearly a century ago. The acquisition underscores the project's exploration potential within Mexico, a key mining jurisdiction.

Energy Department Issues RFP to Continue Swift Execution of President Trump’s 172-Million-Barrel Strategic Petroleum Reserve Exchange

2026-05-01

The U.S. Department of Energy (DOE) issued a new Request for Proposal (RFP) on April 30, 2026, for an emergency exchange of up to 92.5 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action is a continuation of President Trump’s 172-million-barrel release, part of a larger 400-million-barrel coordinated effort by International Energy Agency (IEA) member nations aimed at stabilizing global oil supplies. The initiative leverages the SPR’s exchange authority to provide immediate market relief while growing the reserve through premium barrel returns from participating companies.

Kodiak, Teck sign LoI to establish new copper exploration company

2026-05-01

Kodiak Copper and Teck Resources have signed a Letter of Intent (LoI) with Kay Copper to establish a new US-focused copper exploration company, slated for a TSX Venture Exchange listing. This strategic partnership involves transferring Kodiak's Mohave project and Teck's Copper Hill project, both located in Arizona, into a subsidiary of Kay Copper. The collaboration aims to advance these promising porphyry copper assets amidst growing global demand for the critical metal.

Infini Resources begins drilling at Saskatchewan uranium sites

2026-05-01

Infini Resources has commenced its initial diamond drilling program at the Reynolds Lake and Reitenbach Lake uranium projects in northern Saskatchewan, Canada. This pivotal campaign involves at least 2,500m of drilling across a minimum of 12 drill-holes, targeting high-priority geophysical and geochemical anomalies in the largely unexplored eastern Athabasca Basin. The program represents a significant move from target generation to direct drill testing for potential high-grade uranium mineralization in one of the world's premier uranium jurisdictions.

Secretary Wright Signs Agreements To Grow American LNG Exports, Advances 'Trump Peace Pipelines Framework'

2026-04-30

U.S. Secretary of Energy Chris Wright recently announced a series of significant agreements at the Three Seas Initiative (3SI) Summit in Dubrovnik, Croatia, signaling a substantial increase in American energy influence across Central and Eastern Europe. These deals, valued at billions of dollars in private capital, are set to bolster the region's energy security through expanded U.S. liquified natural gas (LNG) imports, new natural gas infrastructure, and advancements in civil nuclear cooperation, including the deployment of U.S. small modular reactor (SMR) technology. The initiatives are anchored by the formal launch of the "Trump Peace Pipelines Framework," aiming to solidify the U.S. as a premier energy partner and create significant demand across the mining and construction sectors.

EVelution Energy and Mitsui sign $850m cobalt supply deal

2026-04-30

EVelution Energy has secured a significant $850 million, five-year cobalt offtake agreement with Japanese trading giant Mitsui, announced on April 29, 2026. This landmark deal will see Mitsui receive the majority of cobalt output from EVelution Energy’s new Arizona processing facility, set to become the first commercial-scale cobalt metal and cobalt sulphate plant in the United States. The agreement underscores a concerted effort by the US and Japan to diversify critical mineral supply chains, enhance domestic refining capabilities, and mitigate strategic dependence on non-allied nations for essential materials like cobalt.

LaFleur signs agreement to acquire McKenzie East in Canada

2026-04-30

LaFleur Minerals has announced a strategic acquisition of the McKenzie East Gold Project in Québec’s prolific Val-d’Or mining district. This move positions LaFleur adjacent to Fresnillo’s significant McKenzie Break Gold Deposit and aims to bolster the company's vertically integrated mine-to-mill strategy by defining new resources to feed its nearby Beacon Gold Mill. The acquisition, valued at C$30,000 cash and 175,000 common shares, underscores LaFleur's aggressive expansion in one of Canada's premier gold-producing regions, complemented by promising drilling results from its Swanson Gold Project.