Canada Growth Fund will invest about C$25 million to support production at North America’s sole facility capable of supplying the material.
Commerce Department and Pentagon pledged financing and potential equity stakes in the domestic producer of rare earth magnets.
Industry sources cited by Reuters have pegged the smelter's annual output at more than 300,000 metric tons.
Teck’s QB mine rebounds after months of setbacks, boosting confidence ahead of planned merger with Anglo American.
The tax change is “likely to see the entire industry raise prices to pass through the cost pressure,” Citigroup analysts said.
The potential EXIM financing, says Locksley, is a cornerstone step toward broader US government funding.
The sales contract includes a revolving prepayment facility of up to $25 million.
This is the second significant Canadian mining investment in as many years by Gold Fields.
Deal consolidates two midsize North American gold miners as record-high metal prices boost investor interest in the sector.
Al Qaeda-linked militants have neared the capital, blocking roads, ambushing troops, and attacking fuel trucks.
The new initiative lets readers directly shape how the world’s leading mining stocks are ranked.
The project is structured as a phased investment, starting with an initial investment of over C$2?billion.
For too long, America’s industrial and energy ambitions have been tied to a single point of global processing control.
For decades, thousands of sites associated with abandoned uranium mine waste have remained contaminated — many on or near Navajo and tribal lands.