Fury and QPM shareholders will own approximately 95% and 5% of the combined company, respectively, on an undiluted basis. Credit: assistant/Shutterstock. Canada-focused exploration company Fury Gold Mines has signed an agreement to acquire Quebec Precious Metals (QPM) in an all-share transaction. Under the deal, Fury will acquire all issued and outstanding QPM shares through a
Cummins has its eye on hybrid powertrains to help decarbonize the transport, construction, and mining spaces the operates in. To that end, the company has acquired the hybrid equipment experts First Mode, and plans to make the first commercially available retrofit hybrid system for mining equipment a reality not just soon – but now. The Cummins
The Biden administration has safeguarded 28 million acres of Alaska’s public lands, overturning Trump-era plans to open them to development, citing potential harm to Indigenous communities and wildlife. Rachel Frazin reports for The Hill. In short: The administration’s decision protects the lands from mining and oil extraction, ensuring the preservation of cultural and environmental resources.
Gold miner Endeavour Mining said on Tuesday that it will receive $60.0m from Lilium Gold as part of a settlement agreement brokered by the government of Burkino Faso for the disposal of its Boungou and Wahgnion mines. Endeavour said the deal will see Lilium transfer the ownership of the Boungou and Wahgnion mines to the
Miners and prospectors of minerals have flagged lengthy and unpredictable licensing regimes in Kenya for hurting investments in the sector. The miners, through the Kenya Chamber of Mines, claim they have to wait for three to six months to get approval for dealership permits while prospecting and mining licences take as much as two years.
Metso has signed a comprehensive frame agreement with Reko Diq Mining for key process equipment deliveries to the company’s greenfield copper-gold project in the province of Balochistan in Pakistan. Reko Diq is one of the largest undeveloped copper-gold deposits in the world. The gross value of the various Metso equipment packages under the framework agreement