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Quebec Mining

Osisko Metals’ Gaspé copper assays beat outlook – by Frederic Tomesco (Northern Miner – April 14, 2025)

Global mining news

Osisko Metals said initial drilling results at its Gaspé copper project in eastern Quebec topped expectations. Shares jumped. All five holes drilled in the past three months intersected significant disseminated mineralization within the volume of the company’s 2024 resource, CEO Robert Wares said in a statement Monday. New mineralization was also added at depth well below the base of the 2024 estimate.

Osisko is working to expand the Gaspé copper system’s resource with a view to potentially reopening the former Noranda mine in Murdochville, about 825 km northeast of Montreal. It’s targeting permits and construction by the early 2030s, with initial capital spending estimated at about $1.8 billion.

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Power Metallic CEO sees ‘monster-size’ deposit at Nisk – by Frederic Tomesco (Northern Miner – April 10, 2025)

https://northernminer.com/

Power Metallic Mines’ Nisk polymetallic property is probably at least as large as Anglo American’s 44-million-tonne Sakatti copper-nickel-platinum project in Finland, CEO Terry Lynch said.

Nisk – which is located in Quebec’s James Bay region and includes deposits of copper, nickel, platinum-group metals, silver and gold – could even one day rival Vale’s (NYSE: VALE) Voisey’s Bay mine for size, Lynch said Wednesday. Voisey’s Bay, which has been estimated to contain about 140 million tonnes, is Canada’s biggest nickel mine and one of the world’s largest.

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Quebec’s aluminum product producers are feeling the sting of Trump’s tariffs – by Nicolas Van Praet (Globe and Mail – March 22, 2025)

https://www.theglobeandmail.com/

There are roughly 1,700 companies shaping aluminum into components or finished products in Quebec, cranking out everything you can think of with the malleable metal – from ambulance doors to window frames. Half of them are based in the greater Montreal area. And all of them have one major problem at the moment: Donald Trump.

Industry groups have been warning for weeks of the pain to come from the U.S. President’s 25-per-cent tariffs on Canadian aluminum and steel, which came into effect March 12. But on the factory floors of Quebec’s aluminum-product makers, and in the hallways and offices of manufacturers where net profit margins are typically in the single digits and payrolls rarely tally more than 200 employees, those warnings have become reality.

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Quebec aluminum towns aren’t feeling the sting of 25 per cent U.S. tariffs – by Joe Bongiorno (The Canadian Press – March 17, 2025)

https://www.thecanadianpressnews.ca/

MONTREAL – Mayors of Quebec aluminum towns say they are confident their regions can withstand the 25 per cent tariffs imposed on the metal by U.S. President Donald Trump, with many saying it’s business as usual.

Layoffs aren’t expected at Aluminerie Alouette in Sept-Îles, Que., a major aluminum producer with some 950 employees, says the town’s mayor, Denis Miousse. The company, which describes itself as the biggest aluminum smelter on the continent, can find new export markets if demand weakens in the U.S., he said.

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The country that helped build Quebec’s aluminum industry now threatens its survival – by Frédérik-Xavier D. Plante (Globe and Mail – February 18, 2025)

https://www.theglobeandmail.com/

The Arvida aluminum bridge, completed in 1950 as the first of its kind anywhere, stands as a tribute to a symbiotic relationship. Crossing a branch of the Saguenay River, its elegant arch faces the Shipshaw II Power Station.

This is no coincidence, says Lucie Morisset, Canada Research Chair in Urban Heritage, given the link between the aluminum industry and the abundant hydroelectric power in Quebec. “It’s not the labour that determines the production costs of aluminum, it’s not even the bauxite,” she said, referring to the material from which aluminum is extracted. “It’s the energy costs to produce it.”

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In Saguenay, Canada’s aluminum valley, anxiety over planned U.S. tariffs is palpable – by Frédérik-Xavier D. Plante (Globe and Mail – February 12, 2025)

https://www.theglobeandmail.com/

Jean-Marc Crevier, a municipal councillor in Saguenay, Que., can feel his constituents’ anxiety. Mr. Crevier’s district encompasses Rio Tinto’s sprawling, century-old Arvida aluminum smelter. It is one of four such facilities – in addition to one refinery – in the Saguenay–Lac-Saint-Jean region, which produces a third of all Canadian aluminum thanks to abundant, cheap hydroelectric power.

In Saguenay, U.S. President Donald Trump’s plan to impose 25-per-cent tariffs on all steel and aluminum imports, starting on March 12, is the talk of the town. “When I go to the grocery store, I take almost twice the time just talking with my people,” Mr. Crevier said in an interview. “Everyone talks about it.”

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Trump promises 25% tariffs on steel and aluminum imports — including from Canada – by Benjamin Lopez Steven (CBC News Politics – February 09, 2025)

https://www.cbc.ca/news/politics/

Ontario, Quebec premiers criticize U.S. president for creating economic uncertainty

U.S. President Donald Trump said he will announce on Monday that the United States will impose 25 per cent tariffs on all steel and aluminum imports, including from Canada and Mexico — a move that prompted sharp criticism from some provincial premiers.

“Any steel coming into the United States is going to have a 25 per cent tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he responded, “aluminum, too” will be subject to the trade penalties.

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Quebec junior miners pocket more than $43 million in federal critical minerals funding – by Ian Ross (Northern Ontario Business – February 7, 2025)

https://www.northernontariobusiness.com/

James Bay explorers cash in to carry out studies on road, power and innovation projects

Ottawa wants Canada to be the lead dog when it comes to developing and expanding its critical minerals value chain. That’s why the federal government is ponying up $43.5 million to advance road, power and research projects in Quebec.

Mining proponents on the eastern side of the James Bay region and northern Quebec were the recipients this week of a stream of program funding through the federal government’s critical minerals strategy. Federal Energy and Natural Resources Minister Jonathan Wilkinson delivered the news on Feb.6.

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Canada becomes a major iron ore producer – by Ailbhe Goodbody (CIM Magazine – January 17, 2025)

https://magazine.cim.org/en/

How the Labrador Trough became the epicentre of Canadian iron ore mining in the 1950s

The first reference to iron in the Labrador Trough, a geologic belt hosting world-class iron deposits that extends for approximately 1,100 kilometres through Labrador and Quebec, was made by Father Louis Babel, who travelled in the area from 1866 to 1870, according to H.E. Neal (Explor. Mining Geol., Vol. 9, No. 2, pp. 113-121, 2000). A.P. Low was the first geologist to recognize iron mineralization that was similar to that found in the northern United States while he was on a preliminary reconnaissance survey in 1893 to 1894.

“However, it was not until 1929 that the first iron ore discoveries were made by J.E. Gill and W. F. James in the Burnt Creek (Knob Lake) area,” wrote R.D. Westervelt (CIM Bulletin, November 1957). These iron ore discoveries led to the formation of the Labrador Mining and Exploration Company (LME) in 1936 to explore a 20,000-square-mile concession in Labrador, and of the Hollinger North Shore Exploration Company in 1941 to explore an adjoining 3,900-square-mile concession in Quebec.

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Winsome Resources begins permitting for Adina lithium project in northern Quebec – by Staff (Canadian Mining Journal – January 27, 2025)

https://www.canadianminingjournal.com/

Australia-based Winsome Resources (ASX: WR1) – a lithium exploration and development company – has submitted the preliminary information statement for its Adina Lithium Mining project with the proper provincial authorities that oversee mining project developments located in self-governing Indigenous communities in Northern Quebec that are signatories to the James Bay and Northern Quebec Agreement (JBNQA).

Winsome’s filing represents a milestone as it formally commences the provincial regulatory process in the James Bay region associated with permitting the proposed mine at Adina, as well as the proposed modifications to the Renard operation. Indigenous communities in the region refer to the James Bay region as Eeyou Istchee.

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Quebec and N.L. put aside decades of bad blood to ink new hydro power deal – by Nicolas Van Praet (Globe and Mail – December 13, 2024)

https://www.theglobeandmail.com/

Quebec and Newfoundland and Labrador are vowing to put aside decades of bad blood over the Churchill Falls hydropower station, cementing what they’re calling a historic deal that will see them invest and work together on future electricity development worth tens of billions of dollars.

Under an agreement in principle that was unveiled Thursday in St. John’s by premiers François Legault and Andrew Furey, Quebec would secure a key source of power. Newfoundland would win significantly more revenue for its existing power generation and clinch a partner with deep pockets and technical know-how for three new production projects along Labrador’s Churchill River.

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Newmont signs $795m deal to sell Éléonore gold mine in Canada to Dhilmar (Mining Technology – November 26, 2024)

https://www.mining-technology.com/

The sale forms part of Newmont’s efforts to divest non-core assets, which have now surpassed its initial $2bn target.

US-based gold miner Newmont has signed an agreement to sell its Éléonore underground gold mine in Quebec, Canada, to UK-based private mining company Dhilmar for $795m (£632.16m) in cash. The sale is a part of Newmont’s divestiture programme aimed at offloading non-core assets, which has now surpassed its initial $2bn target.

Located in Eeyou Istchee/James Bay, in a remote corner of the Northern Quebec region, the Éléonore mine commenced commercial production in 2015. Dhilmar previously collaborated with Newmont in 2016 to acquire the Batu Hijau mine in Indonesia.

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Troilus Gold brings potential funding from credit agencies to $1.3 billion – by Staff (Mining.com – November 21, 2024)

https://www.mining.com/

Troilus Gold (TSX: TLG) continues to receive the financial backing of global export credit agencies (ECAs), this time from Export Development Canada (EDC), to support the development of its copper-gold project in Quebec.

On Thursday, the company announced a new letter of intent (LOI) from EDC for up to $300 million. This, together with the LOIs recently signed with the export credit agencies of Germany, Finland and Sweden, brings the total potential funding to $1.3 billion.

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Osisko Metals shares rise on 53% resource boost at Gaspé copper project – by Staff (Mining.com – November 15, 2024)

https://www.mining.com/

Osisko Metals (TSX-V: OM) shares rose on Friday after the company announced an updated mineral resource estimate (MRE) for the Gaspé copper project, near Murdochville, in Quebec.

The updated estimate includes pit-constrained resources comprising 824 million tonnes grading 0.34% copper-equivalent in the indicated category and 670 million tonnes grading 0.38% copper-equivalent in the inferred category.

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Quebec Mining Act reform – by Francois Brabant and David Gravel (Canadian Mining Journal – October 29, 2024)

https://www.canadianminingjournal.com/

A breakdown of Bill 63, an act to amend the Mining Act and other provisions

On May 28, 2024, Bill 63, a proposed amendment to the Mining Act, was presented to the National Assembly (Quebec). Bill 63 marks the first significant reform of the Mining Act since 2013 and is deemed by the Ministère des Ressources Naturelles et des Forêts (MRNF) to aim at enhancing transparency, improving land use coordination, providing a better framework for exclusive exploration rights, raising environmental requirements, maximizing the benefits of extracted mineral resources, and increasing overall efficiency for the entire Quebec mineral industry.

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