Monday, September 25, 2023

Resouro completes $3.2 million raise ahead of its ASX Initial Public Offering

Canadian-based mineral exploration and development company Resouro has completed its A$3.24m capital raise led by Regal Funds Management ahead of its ASX dual listing. Resouro is focused on the discovery and advancement of economic mineral projects in Brazil and owns 33% stake (with the option to buy 90%) in the Tiros Titanium and Rare Earths Project.
Tadeu Carneiro, Chairman and Chief Executive Officer at Boston Metal

Global metals tech firm Boston Metal closes $262m Series C round to help decarbonize...

Boston Metal, a global metals tech solutions company, announced the close of its Series C, bringing the series total to $262m. New investors include Aramco Ventures, the corporate venturing arm of Aramco; global investment manager M&G Investments; natural resource investment firm Goehring & Rozencwajg; and investment management firm Baillie Gifford.
Cristóbal Undurraga, Co-founder and Chief Executive Officer at Ceibo

Ceibo announces $30m Series B with BHP Ventures joining as an investor

Ceibo, a Chilean company world-famous for its advanced copper extraction technology, has announced that BHP Ventures has joined as investor, closing its Series B financing for over $30m. The funds will help accelerate its primary and secondary sulfides leaching process. Ceibo put together a consortium of world leading financial investors and mining companies, which are collaborating and supporting the commercial role of its low carbon technology.
Andrew Job, Founder and Chief Executive Officer at Plotlogic

Australian breakthrough mining tech company Plotlogic closes $28 million Series B from top sustainability...

US and Australian venture capital climate and sustainability heavyweights have led a $28m Series B funding round for deep-tech mining company Plotlogic. Galvanize Climate Solutions, the climate-focused investment firm founded by billionaire Tom Steyer and Katie Hall, and SE Ventures, the firm backed by French energy and automation giant Schneider Electric, co-led the round. Both seek to foster cutting edge tech that tackle major climate change challenges.
Mining site

ICAA announces new roadmap with a vision for sustainable copper mining

A new Minerals Processing Roadmap lays out a vision for sustainable copper mining, the third in the International Copper Association Australia’s—ICAA—Roadmap to Zero Project following reports on Water and Material Movement. Launched by the Hon. Courtney Houssos MLC, NSW Minister for Finance and Minister for Natural Resources, Minerals Processing is an alliance between the sector, govt, universities and mining tech industry to reach net zero mining.
Keith Phillips, President and Chief Executive Officer at Piedmont

Piedmont Lithium expands its senior leadership team with Kara deBorde and James Griffiths appointments

Piedmont Lithium, a developer of lithium resources critical to the U.S. electric vehicle supply chain, has added two new senior leaders to support its global portfolio of projects. James Griffiths, a global industrials and corporate finance expert, has been named Senior Vice President of Corporate Development and Treasury; Kara deBorde, an award-winning risk manager with broad-based leadership experience, has joined as VP of Risk Management.
Professor Greg Dipple, co-founder and Head of Science at Arca

Arca expands global footprint to help further advance carbon mineralization

Arca, a global carbon mineralization solutions provider, has announced that it is working with producers of nickel, a critical metal for the clean energy transition, to advance carbon dioxide removal at mine sites on three continents. Arca works globally with nickel mine developers and operators to capture and permanently store CO2 in mine tailings using Arca’s technology.
Chris Novak, Chief Executive Officer of Centric Mining Systems

Centric Mining Systems unveils new solution to transform data collection efforts across the mining...

Centric Mining Systems, a provider of innovative mining software solutions, launched Centric Mobile, an intuitive mobile application that improves collaboration and the way mining operations collect and use data for decision support. Part of the Centric platform, Centric Mobile empowers mining professionals to seamlessly capture critical information in real-time, even in the most challenging environments where connectivity is limited or non-existent.
Brent Berg, President and Chief Executive Officer at Rare Element Resources

Rare Element Resources announces completion of funding agreement for the Wyoming Energy Authority grant

Rare Element Resources Ltd. announced the completion of the funding agreement for the previously announced $4.4m grant from the Wyoming Energy Authority (WEA). The WEA grant is a cost reimbursement award for future expenditures related to construction of the Company’s rare earth processing and separation demonstration plant in Upton, Wyoming.

Arizona Sonoran unearths dynamic duo: Bernie Loyer takes on Senior VP of Projects, Christopher...

Arizona Sonoran Copper Company Inc. (ASCU), an emerging copper developer and near-term producer, continues to build the development and production team onsite at the Cactus Mine Project. The firm has appointed Harold (Bernie) Loyer as Senior VP Projects, replacing Ian McMullan as COO and Christopher White as Chief Geologist to support Doug Bowden, VP Exploration. McMullan will stay with ASCU for six weeks to assist with leadership transition.