Latest Diamond Mining News

Li-FT Power Ltd. has obtained a binding call option to acquire the Renard diamond mine site or its owning companies, aiming to repurpose its processing infrastructure for lithium production. The deal hinges on Canadian court approval and involves a significant option fee and care commitments.

Burgundy Diamond Mines announces a court-approved extension and financing for Arctic Canadian Diamond Company Ltd, alongside appointing Brent Mierau as CFO to steer through ongoing market challenges.

Burgundy Diamond Mines has responded to ASX scrutiny over its related-party financing with Choron Holdings, asserting the arrangements were short-term, non-material cash-flow facilities properly disclosed in its half-year accounts.

Burgundy Diamond Mines’ Canadian subsidiary has expanded its tariff-related loan facility by C$60 million, reinforcing its financial resilience amid ongoing trade tensions.

Burgundy Diamond Mines reported a net loss of $86.8 million for 2025, reflecting operational challenges including the suspension of Point Lake mining due to adverse tariffs. The company secured $83.4 million in Canadian tariff relief financing to bolster liquidity and restructured its debt amid ongoing market uncertainties.

Burgundy Diamond Mines disclosed a heavy cash burn from operations and investing in Q4 2025, offset partially by new and amended loan facilities extending maturities into the 2030s. The company ended the quarter with A$39.8 million cash and over A$76 million in unused financing.

Burgundy Diamond Mines reported a mixed Q4 2025 with operational challenges at Ekati and a significant C$115 million loan secured, while trading remains suspended pending regulatory remediation.

The ASX has released its latest list of entities suspended from trading for over three months, highlighting looming deadlines for report lodgement and trading resumption plans. Failure to meet these deadlines could lead to removal from the official list.

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.

Diablo Resources has initiated maiden drilling at its Fair Dinkum copper prospect in Utah, capitalizing on the U.S. government's recent elevation of copper to critical mineral status and increased federal support for domestic supply chains.

Burgundy Diamond Mines reported a robust A$80.4 million net cash inflow from operations in Q3 2025, offset by significant capital expenditure on its Point Lake project and ongoing loan repayments.

Burgundy Diamond Mines suspends Point Lake operations due to tariff-driven price pressures but extends mine life at Misery and highlights strong economics for Fox Underground.