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Osisko Metals participates in a $250,000 donation to UNB for the Osisko Field Education Fund
Osisko Metals joined forces with two other Osisko companies to donate $250,000 to the University of New Brunswick's Earth Sciences Department, creating the Osisko Field Education Fund. The fund will help reduce costs for geology field school courses, making them more accessible to students while supporting educational excellence.
Maritime Iron expands its Senior Leadership Team
Maritime Iron Inc. announced the appointment of five senior executives to its leadership team as the company advances its bankable feasibility study for a merchant pig iron production facility in New Brunswick. The new hires bring extensive experience from major mining projects including Vale's Long Harbour facility and BHP's Jansen potash project.
Resource Capital Gold Corp. completes bulk sample at Dufferin Gold Mine, Nova Scotia
Resource Capital Gold completed a 14-month bulk sample program at its Dufferin Gold Mine in Nova Scotia, recovering 5,846 ounces of gold from 43,593 tonnes at an average grade of 4.17 g/t with 80.85% mill recovery. The program demonstrated improved mining methods that reduced dilution from 370% to 5% in test stopes, while geological sampling revealed higher gold grades on vein flanks.
Wheaton Precious Metals acquires cobalt stream from Vale’s Voisey’s Bay Mine
Wheaton Precious Metals acquired a cobalt stream from Vale's Voisey's Bay mine for $390 million upfront, entitling them to 42.4% of cobalt production starting in 2021. The stream is expected to generate over $75 million in annual operating cash flow for the first 10 years, diversifying Wheaton's portfolio into the growing electric vehicle battery market.
#DisruptMining 2018 winner Acoustic Zoom closes deal with Goldcorp
Acoustic Zoom, winner of #DisruptMining 2018, secured a $1 million investment from Goldcorp Inc. and will launch a $150,000 pilot program at Goldcorp's Red Lake Gold Mines in Ontario. The advanced geophysics company specializes in innovative seismic solutions to improve mineral exploration drilling accuracy.
Goldstar expands the Victoria Lake Tin Property in New Brunswick, Canada
Goldstar Minerals has expanded its Victoria Lake Tin Property in New Brunswick by staking 28 additional claim units, bringing the total property size to 88.7 km2. The property now extends nearly 20 kilometres and borders the former Mount Pleasant mine, which has a published resource of 12.4 million tonnes. The company plans airborne geophysical surveys in summer 2018 followed by prospecting to advance the project to drill-ready status.
Puma Exploration and Trevali Mining Corporation enter into Strategic Alliance
Puma Exploration and Trevali Mining have entered a strategic alliance for the Murray Brook Deposit in New Brunswick, with Trevali providing up to $7.5 million in funding for a 75% ownership stake. The deposit contains 5.28 million tons grading 5.24% zinc, 1.80% lead, and 68.9 g/t silver, located just 10 kilometers from Trevali's producing Caribou Mine.
Moose Mountain Technical Services: Consultants to mining and exploration clients
Moose Mountain Technical Services (MMTS), a mining consulting firm with 30 associates, showcased their successful relationship with Atlantic Gold Corporation at the Moose River Consolidated Gold Mine in Nova Scotia. The project achieved production in record time, with most gold projects typically taking 10+ years from discovery to production.
Canada poised to fill growing demand for tungsten
Northcliff Resources' Sisson Tungsten-Molybdenum Project in New Brunswick received federal environmental assessment approval in June 2017, marking a significant milestone for Canada's tungsten development. The project faces unique challenges including securing offtake contracts before financing, but benefits from strong local community support and skilled workforce availability. The company is now working through permitting requirements while seeking strategic partnerships and market clarity.
MRC Gold Mine construction remains on budget and on schedule
Atlantic Gold Corporation reported that construction of its Moose River Consolidated Mine in Nova Scotia remains on budget and on schedule for September 2017 commissioning. The open pit gold mine project reached 70% completion by the end of May 2017.
This rock star enjoys hard rock and heavy metal—literally and figuratively
Search Minerals' chief geologist Randy Miller is profiled for his expertise in rare earth elements exploration in Labrador. The company has defined one REE resource at their flagship Foxtrot deposit and is advancing environmental studies while operating a metallurgical pilot plant.
9 must-visit museums in Eastern Canada to learn about Canada’s mining and energy industries
A comprehensive guide to 9 museums across Eastern Canada that showcase the country's mining and energy heritage, from the renovated Dynamic Earth Science Museum in Sudbury to historic mining sites in Cobalt and Cape Breton. These institutions serve as educational resources to inspire young people to pursue careers in earth sciences and mining while preserving Canada's industrial heritage.
Nova Scotia facility could make Canada a global leader in tidal energy
The Fundy Ocean Research Center for Energy (FORCE) in Nova Scotia is developing Canada's tidal energy capabilities on the Bay of Fundy, with infrastructure supporting up to 64 megawatts capacity. The facility could position Canada as a global leader in tidal energy, with the California-based Electric Power Research Institute estimating potential of almost 300 megawatts in the Minas Passage alone.
Companies pledge to spend $1.2B on Newfoundland offshore oil exploration
Several multinational oil companies committed over $1.2 billion for exploration rights in 11 parcels around Newfoundland's offshore Flemish Pass basin, representing the largest ever bid for oil exploration rights in the province. The parcels are estimated to contain 12 billion barrels of oil and 113 trillion cubic feet of gas potential. Statoil led six of seven successful bids alongside partners including ExxonMobil, BP, Chevron and others.