Latest Canadian Mining Sector News

Lycopodium has secured a A$93 million EPCM contract to expand Artemis Gold’s Blackwater Mine in Canada, boosting the mine’s throughput capacity to one of the largest in the country.

Green Technology Metals (ASX: GT1) completed an A$11 million recapitalisation, advancing its Seymour Lithium Project DFS, permitting, and financing efforts with a target Final Investment Decision in 2027.

Green Technology Metals (ASX: GT1) secures A$11 million to complete feasibility studies and permitting for its Seymour Lithium Project, aiming for first ore in 2028 amid a recovering lithium market and strong Canadian support.

Li-FT Power has satisfied a critical condition precedent in its proposed acquisition of Winsome Resources, advancing the lithium explorer's path to consolidation. The deal hinges now on shareholder and court approvals.

AuMEGA Metals has launched a C$10 million private placement to fund an extensive drilling program targeting high-potential gold and base metal prospects in Newfoundland’s Cape Ray District. The financing aims to unlock value from its significant mineral resources and strategic landholdings.

Li-FT Power has signed a definitive agreement to acquire Azimut Exploration's 50% interest in the Galinée lithium property, a key step enabling its planned acquisition of Winsome Resources. This deal strengthens Li-FT’s position in Quebec’s lithium sector ahead of upcoming shareholder votes.

Burgundy Diamond Mines' subsidiary Arctic Canadian Diamond Company has secured a C$115 million senior secured loan from Canada's LETL facility to support operations amid US tariffs impacting diamond markets. The funding enables continued development and operational restructuring at the Ekati mine.

Li-FT Power Ltd has announced a strategic acquisition of Winsome Resources Limited and plans to acquire a controlling interest in the Galinée lithium property, aiming to create a leading Canadian lithium developer with enhanced scale and market presence.

Ardiden Ltd has completed its merger with Lac Gold, combining two premier Canadian gold projects and raising $10 million to fund upcoming drilling programs. The merger creates a stronger, cash-rich entity poised for growth in Quebec and Ontario.

Patriot Resources advances its Gorman Lithium Project in Ontario, securing drill permits and confirming a high-grade lithium system within a proven strategic district.

Prairie Lithium has completed critical groundwork at its Canadian lithium brine project, setting the stage for construction and commercial operations in 2026 amid rising lithium prices.

NexGen Energy has reported its highest-grade uranium assay to date from the Patterson Corridor East at its Rook I Project, revealing exceptional mineralization that could redefine the project's potential.