The Northern Miner

Uranium prices climb in a ‘staircase’ pattern, Sprott forecasts. Spot prices sit at US$77.08/lb in Nov., up 18.8% over 3yrs. Japan’s plan to boost nuclear use by 20% by 2040 adds momentum as demand rises and supply pressures persist. “Given the growing sensitivity to geopolitical factors, we believe the uranium price will continue to behave in this staircase-like pattern over the intermediate term with short-term bouts of volatility,” Jacob White, Sprott’s ETF Product Manager, said in the report. #Uranium #NuclearEnergy https://ow.ly/2AYg50Ut2rw

Arcadium Lithium $ALTM faces lawsuits over US$6.7B Rio Tinto $RIO takeover, alleging negligence and misrepresentation. Arcadium counters with disclosures as shareholders vote Dec. 23. Rio's bid could make it a top lithium producer globally. #Lithium #Mining https://ow.ly/2AA850Ut2jE

Skeena Resources gets permit for a 10,000-tonne bulk sample at Eskay Creek, unlocking US$200M in gold stream funding from Orion Resource Partners. Open-pit production is set for 2027. $SKE #gold #mining https://ow.ly/IQbT50Ut2gb

Miners face rising risks in West Africa. Resource nationalism, coups & terror escalate challenges. Barrick $ABX CEO Mark Bristow warns of suspending Loulo-Gounkoto in Mali after gold shipments blocked. Western miners squeezed as regimes pivot to Russia, Turkey & Iran #Mining https://ow.ly/4NvI50UslAE

Rio Tinto Expands Rincon Lithium with $2.5B Investment Rio Tinto (ASX, NYSE: RIO) plans to invest US$2.5 billion to increase production capacity at its Rincon lithium project in Argentina to 60,000 tonnes per year. “The announcement shouldn’t come as a surprise, given the company’s known appetite for the metal,” BMO Capital Markets said. #mining #miningnews #lithium

O3 Mining Surges After Agnico Eagle's $204M Bid O3 Mining - Minière O3 (TSXV: OIII) shares soared 55% Thursday morning after it signed an agreement for Agnico Eagle Mines Limited (TSX, NYSE: AEM) to acquire it for about $204 million. #mining #miningnews #gold

Mineral Scramble Fuels Global Tensions Protectionism surges in 72 nations as governments vie for critical minerals vital to strategic industries, reveals Verisk Maplecroft's latest research on global resource security. #mining #miningnews #copper #graphite #Nickel #RareEarths

Sexual Harassment Claims Rock BHP, Rio Tinto BHP (ASX: BHP) and Rio Tinto (ASX, NYSE: RIO) face allegations of systemic sexual harassment and gender discrimination against female staff at their Australian mining sites, sparking calls for accountability and action. The two mining companies sent female staff to their sites knowing about the high potential for personal danger, and then punished them with workplace penalties when they reported it, JGA Saddler lawyer Joshua Aylward said, according to Reuters. #mining #miningnews

IMS 2024: Pirie Calls for Mining to Outpace Bureaucracy Ontario aims to lead Canada's critical minerals boom with funding boosts and deregulation, but experts highlight the need for expanded education and efforts to make mining careers more appealing. “Mining must move at the pace of business, not bureaucracy,” Ontario Minister of Mines George Pirie said at The Northern Miner’s International Metals Symposium on Dec. 2. #mining #miningnews #batterymetals #copper #cobalt #gold #nickel #rareearths #silver #uranium #zinc #lead

Satellite Analysis Highlights November Copper Smelting Boom Global copper smelting last month reached its highest level since February, according to a report released Wednesday that tracks smelter inactivity. #mining #miningnews #copper