Mara Holdings Inc. announced the acquisition of 15,574 Bitcoins for $1.53 billion, increasing its total holdings to 44,394 BTC. The purchase was funded by zero-coupon convertible notes, and the company reported strong Bitcoin yields. This follows a trend of other mining firms bolstering their Bitcoin reserves, indicating growing confidence in the cryptocurrency.
Peru’s Congress approved a six-month extension to the REINFO registry, allowing small-scale informal miners to continue operating while seeking formalization. This decision comes amidst widespread protests from miners who deem the extension insufficient and accusations of the scheme’s misuse in fueling illegal mining.
IsoEnergy Ltd. has entered into an asset purchase agreement with Future Fuels Inc., selling its Mountain Lake property in Nunavut. The transaction consolidates a significant land holding in the Hornby Basin, strengthening the region’s uranium exploration potential and creating a district-scale opportunity. IsoEnergy will retain a significant equity position in Future Fuels and will continue to benefit from the project’s advancements.
ASICKey, a leader in cryptocurrency mining, announces the launch of its highly efficient 3nm ASIC miners, the KEYMINER A1, KEYMINER X, and KEYMINER PRO. These miners offer unprecedented hash rates, low power consumption, and user-friendly features, making crypto mining more accessible and profitable than ever before.
The global land survey equipment system market is projected to grow at a steady CAGR of 4.6% from 2024 to 2034, reaching a valuation of US$ 13,363.4 million. This growth is driven by factors such as increased infrastructure projects, advancements in GPS and GNSS technology, and rising demand from mining and construction sectors. Technological advancements, particularly in AI-driven geospatial analytics and autonomous systems, are also contributing to market growth.
Libero Copper & Gold Corporation has announced a significant development for its flagship Mocoa Project in Colombia. Following collaboration with Colombian authorities, official mining cadastral records have been updated to clarify the boundaries of the Mocoa Project area, confirming that it does not overlap with the regional forest reserve. This update ensures the project’s alignment with environmental regulations and paves the way for continued development.
Resolute Mining’s CEO, Terry Holohan, and two other executives have been detained by the Malian military junta. This incident highlights the increasing risks for foreign mining companies operating in Mali as the government tightens its control over the sector and seeks to renegotiate contracts under a new mining code. The detention comes amidst concerns over the company’s practices and follows a similar incident involving Barrick Gold earlier this year.
QantasLink has reintroduced the Boeing 717 aircraft on the Perth-Paraburdoo route, offering weekday flights from November 6th to 26th. This move aims to enhance connectivity for the mining sector and promote tourism in Western Australia’s Pilbara region, highlighting QantasLink’s commitment to regional Australia.
As the 2024 US Presidential election looms, Wall Street strategists are predicting significant shifts in various sectors, particularly metals, mining, and clean tech. A Democratic victory is expected to fuel the clean energy sector, while a Republican win could benefit the steel industry. This article explores the potential impacts of each outcome on specific companies and sectors, offering insights for investors looking to navigate the political landscape.
Westgold Resources Limited (WGX) has announced record gold intercepts at its Bluebird-South Junction mining complex in Meekatharra, Western Australia, with a highlight being 13.71m @ 18.02g/t Au from the Polar Star Lode. This discovery signals a potential third mining opportunity, further strengthening the complex’s position as a key growth driver for Westgold’s Murchison portfolio.
