Latest Canada News

Highfield Resources progresses its strategic partnership with Yankuang Energy, securing key regulatory approvals and updating financing arrangements for the Muga Potash mine, while navigating a court ruling on a mining concession.

Vital Metals reports a substantial 56% increase in Measured and Indicated Resources at its Tardiff project, alongside a significant expansion of its Nechalacho land footprint and plans for a forthcoming Scoping Study.

OpenLearning Limited reported a 23% year-on-year increase in SaaS annual recurring revenue to $2.335 million in Q4 FY24, driven by strong growth in AI-powered products and strategic partnerships. The company also cut net operating cash outflows by over half, signaling improved operational efficiency.

Magnetite Mines Limited has made significant strides in advancing its Razorback Iron Ore Project, securing a $7 million funding facility and progressing strategic partnerships with JFE Shoji Australia. The company is also preparing to submit its Mining Lease Proposal to the South Australian Government amid a streamlined board and cost-cutting measures.

Ronin Resources has made significant strides in its exploration portfolio, applying for a large gold-silver project in Argentina and raising $461,500 to fund its development. The company also reports steady cash reserves and ongoing efforts to expand its business opportunities.

Infini Resources has initiated its first diamond drilling campaign at the Portland Creek Uranium Project in Newfoundland, targeting exceptional uranium soil anomalies with the potential for a major discovery in a tier-1 jurisdiction.

FMR Resources has completed a detailed airborne EM survey at its Fairfield Copper Project in Canada and secured a drill contractor to commence maiden drilling at the Demoiselle Prospect in mid-February 2025. The survey results have identified multiple high-priority copper targets, setting the stage for a pivotal exploration phase.

Pivotal Metals reports robust drilling results at its Horden Lake project alongside a successful A$3 million capital raise, positioning the company for an active 2025 exploration and resource update program.

Cyclone Metals has forged a strategic partnership with Vale S.A. to fund and develop its Iron Bear iron ore project in Canada, marking a major step towards mining decision. The company also completed pilot production of high-grade direct reduction pellets, underscoring the project's technical promise.

Narryer Metals has reported a significant new critical minerals discovery at its Rocky Gully project, revealing high-grade scandium and rare earth element mineralisation alongside successful capital raising to fund further exploration.

Xstate Resources reports steady oil and gas production while navigating ASX suspension and preparing for capital raising tied to a new project announcement.

Energy Transition Minerals Ltd renews focus on its Greenland rare earths project while navigating arbitration and legal challenges, alongside ongoing lithium exploration in Canada and Spain.