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Quebec Mining

Guilbeault’s decree to save caribou would turn Quebec village into ‘ghost town,’ mayor says – by Antoine Trépanier (National Post – August 28, 2024)

https://nationalpost.com/

‘I don’t see how a municipality could survive when 600 citizens are out of work. I can’t imagine that,’ Lise Boulianne said

OTTAWA — The mayor of Sacré-Coeur, a small village of 1,700 people in northern Quebec, says her municipality would empty out and could become a “ghost town” if federal Environment Minister Steven Guilbeault were to pass his decree to save the woodland caribou in Quebec.

In an appearance before the Standing Committee on Environment and Sustainable Development, Mayor Lise Boulianne called on the minister to change his mind and abandon the plan.

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Referendum on Outaouais mine to take place next year – by Emma Weller (CBC News Ottawa – August 27, 2024)

https://www.cbc.ca/news/canada/ottawa/

Lomiko Metals wants to build graphite mine about 80 km northeast of Gatineau

People living near the site of a proposed graphite mine in the Outaouais will get a chance to have their say in a referendum, but not for more than a year. An alliance of local municipalities announced on Sunday during a public information session in Chénéville, Que., that the vote will take place Nov. 2, 2025.

Chénéville is among the towns surrounding the proposed La Loutre site, located about 80 kilometres northeast of Gatineau. The alliance also includes Duhamel, Lac-Simon, St-Émile-de-Suffolk and Lac-des-Plages.

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Gold Fields to buy Canadian miner Osisko in $1.57 billion cash deal – by Felix Njini and Nelson Banya (Reuters – August 12, 2024)

https://www.reuters.com/

JOHANNESBURG, Aug 12 (Reuters) – Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after an attempt to buy another Canadian miner was scuppered by a rival offer.

The Johannesburg-based gold producer will pay C$4.90 per share, a 55% premium to Osisko’s Aug. 9 trading price, it said in a statement. The deal will help the South African producer expand its presence in the Americas region, where it already has mines in Chile and Peru.

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TROILIUS GOLD SPONSORSHIP: A Premium 11 Million Ounce (AU/EU IND.) Brownfield Gold Development in Quebec’s Prolific Abitibi Greenstone Belt

For more info on this project: https://troilusgold.com/

Troilus Gold Corp’s (TSX:TLG) is systematically advancing and de-risking the gold and copper Troilus project, one of Canada’s largest undeveloped gold-copper assets, toward a potential mine restart. The company holds a 435km2 land package in one of the world’s richest gold regions within the prolific Frôtet-Evans Greenstone Belt, in Quebec, Canada and in the northeastern portion of the prolific Abitibi Greenstone Belt.

Quebec, Canada is a tier 1 mining jurisdiction having consistently ranked as one of the world’s most attractive mining jurisdictions for exploration and development companies, most recently as the 5th most attractive jurisdiction globally according to the 2023 Fraser Institute’s annual survey of the mining industry).

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Quebec town leaders, residents unite to decide fate of mine with ties to Pentagon – by Joe Bongiorno (Canadian Press/Montreal Gazette – July 13, 2024)

https://montrealgazette.com/

“We don’t want to have a gigantic open pit mine in the middle of all those lakes and all those people living around them.”

Five Quebec municipalities located by a proposed site for a graphite mine with ties to the Pentagon have created an alliance to accelerate public consultations on the project and pressure the provincial government to listen to what locals have to say.

When Lomiko Metals Inc., a mining company based in Surrey, B.C., announced plans for a mine in the Laurentians to produce graphite — one of the world’s most sought after critical minerals needed for manufacturing electric vehicle batteries — some residents living nearby began protesting against the project, fearing the potential harm to the environment.

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Friedland, McEwen back Power Nickel’s “oversubscribed” $15m funding – by Cecilia Jamasmie (Mining.com – June 24, 2024)

https://www.mining.com/

Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent C$20 million ($15m) “oversubscribed” financing round, backed by well-known personalities including billionaire investor Robert Friedland and mining veteran Rob McEwen.

The Toronto-based junior said the funds will be use to expand exploration on its 80%-owned NISK property in Quebec, adding it hopes to take advantage of Canada’s federal tax credit for critical mineral exploration.

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Quebec residents against graphite mine fear powering Pentagon, environmental ruin – by Joe Bongiorno (CBC News Montreal/Canadian Press – June 9, 2024)

https://www.cbc.ca/news/canada/montreal/

Mining company Lomiko Metals Inc. plans to begin construction in Laurentians by 2027

In Quebec’s Laurentians region, a few kilometres from a wildlife reserve and just outside the town of Duhamel, lies a source of one of the world’s most sought after minerals for manufacturing electric vehicle batteries: graphite.

Since Lomiko Metals Inc., a mining company based in Surrey, B.C., announced plans to build a graphite mine in the area, some residents living nearby have protested the project, fearing the potential harm to the environment.

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Osisko Metals’ update reveals 3.2B lb red metal asset at Copper Mountain – by Staff (Northern Miner – May 6, 2024)

https://www.northernminer.com/

A resource update for Osisko Metals‘ (TSXV: OM; US-OTC: OMZNE) Copper Mountain deposit in Quebec increases the copper-equivalent metal content by 30% over the previous estimate, making it the largest undeveloped copper asset in eastern North America, the company says.

The update puts the deposit at 495 million indicated tonnes grading 0.30% copper, 0.016% molybdenum, and 1.75 grams silver per tonne (0.37% copper equivalent), Osisko said in a news release Monday. That resource contains 3.2 billion lb. copper, 180 million lb. molybdenum, and 27.9 million oz. silver.

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OPINION: Quebec has a lot riding on Rio Tinto’s green-aluminum project – by Konrad Yakabuski (Globe and Mail – April 24, 2024)

https://www.theglobeandmail.com/

Since Rio Tinto bought Canada’s Alcan in 2007, the Anglo-Australian mining giant has been good at making big promises, but slow to fulfill them. This is especially proving to be the case with its plan to produce zero-carbon aluminum.

The Quebec aluminum operations that Alcan built up over more than 80 years until its US$40-billion takeover by Rio Tinto remain among the world’s most profitable. Rio’s eight wholly and jointly owned smelters in the province mostly rely on cheap and emissions-free hydroelectric power from dams that Alcan itself built, providing a competitive and environmental advantage over U.S., Chinese and Russian rivals that use coal-based electricity.

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Renard Diamond Mine to Be Repurposed for Lithium – by Leah Meirovich (Rapaport Magazine – April 4, 2024)

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Winsome Resources has signed an agreement to acquire the Renard diamond mine and its infrastructure, with plans to convert it into a processing facility for its Adina Lithium project. Subject to approval by a Quebec Court, Winsome will pay Renard owner Stornoway Diamonds a total of CAD 52 million ($38.5 million) in cash, shares in the company, or a combination of both, it said Wednesday.

The lithium miner will have until September 30 to gain approval, with the option to extend to February 28, 2025. Winsome will not assume any of Stornoway’s financial obligations other than mine rehabilitation, it noted. Stornoway will keep any remaining diamond inventory and equipment directly associated with diamond mining.

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Abitibi Metals drills 3.5% copper in Quebec – by Colin McClelland (Mining.com – February 29, 2024)

https://www.mining.com/

Abitibi Metals (CSE: AMQ) says its first two drill holes at the B26 polymetallic deposit in northern Quebec bode well to earn most of the project from the provincial government and develop an open-pit mine.

Drill hole 1274-24-293 intersected 22.7 metres grading 3.5% copper, 0.7 gram gold per tonne, and 6.6 grams silver from 120 metres depth including 10.6 metres at 5.4% copper, 1.3 grams gold and 9.6 grams silver, Abitibi reported on Thursday. Drill hole 1274-24-294 cut 34 metres at 3% copper, 1.5 grams gold and 6 grams silver from 135 metres depth, it said.

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Glencore News Release: Raglan opens new mine (February 27, 2024)

NUNAVIK, QC, Feb. 27, 2024 /CNW/ – Raglan Mine is pleased to officially inaugurate Anuri Mine, from its Sivumut mining project, which has been under development for over ten years. This event marks an important milestone in the pursuit of its mining operations in Nunavik and highlights its ongoing commitment to the local communities that welcome its operations.

Anuri is one of the largest mining investments in Quebec in the last decade. It is anticipated that it will lengthen Raglan Mine’s life of operations for at least 20 years.

“We expect that our mining activities, initially forecast to last 25 years, will be significantly extended thanks to the Anuri mine. This is a huge success for our 1,400 employees, our Inuit partners and our business partners,” says Pierre Barette, Vice President.

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GM, Panasonic strike deals to buy EV battery materials from Quebec’s Nouveau Monde – by Nicolas Van Praet (Globe and Mail – February 16, 2024)

https://www.theglobeandmail.com/

U.S. automaker General Motors Co. and Japan’s Panasonic Holdings Corp. will buy electric-vehicle battery materials from Nouveau Monde Graphite Inc. and invest in the company, buoying the Quebec miner’s bid to become a go-to critical mineral supplier for North America.

GM and Panasonic have each committed to purchasing 18,000 metric tonnes of graphite for battery anodes annually, beginning when Nouveau Monde’s planned mining and refining facilities enter production, the company said in news releases Thursday. The offtake agreements will run for six to seven years, and they represent about 85 per cent of Nouveau Monde’s planned commercial production, which it is aiming to begin in 2027.

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Canadian graphite miner NMG scores deals with GM, Panasonic – by Cecilia Jamasmie (Mining.com – February 15, 2024)

https://www.mining.com/

Nouveau Monde Graphite (TSX-V: NOU) (NYSE: NMG) inked on Thursday multi-year offtake agreements with General Motors (NYSE: GM) and Panasonic Holdings, with both companies also vowing to invest in the Canadian miner to help it produce high-quality graphite in North America.

GM and Panasonic have each committed to purchase 18,000 tonnes of natural graphite active anode material annually over a period of six to seven years, the Montreal-based miner said. They are also making equity investments of $25 million each in the company. The two firms and potential co-investors could join future rounds of financing worth hundreds of millions of dollars, Nouveau Monde Graphite (NGM) said in a statement.

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Quebec opposition attacks the CAQ on copper smelting plant’s future (Canadian Press/CTV News Montreal – February 14, 2024)

https://montreal.ctvnews.ca/

Opposition parties in Quebec City are urging the government to react to reports that Glencore is considering closing the Horne smelter if investments to meet air quality targets are too high.

Horne smelter issue in Rouyn-Noranda is once again taking a political turn after Radio-Canada revealed that Glencore’s board of directors was due to meet shortly to decide on the smelter’s future, despite the fact that the estimated cost of reducing arsenic emissions has risen by 50 per cent.

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