Canada ‘No Longer Just Talking,’ With A $4.6 Billion Critical Minerals Investment

View: Source Canada has announced a 6.4 billion Canadian dollar ($4.6 billion) package of critical mineral projects to challenge China’s overwhelming dominance in the critical mineral supply chain. The announcement came on Friday at the close of the G7 Energy and Environment Ministers’ meeting in Toronto. “This first round of G7 Alliance projects sends the world a very clear signal: we are serious …

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EU believes it’s been left out of China easing of historic rare earth curbs

View: Source Washington claims Beijing’s 2022 trade easing is global, but Brussels questions whether it truly applies to the European Union. The European Union does not believe its industries are covered by a “de facto removal” of China’s historical restrictions on the export of rare earths and other critical minerals announced by the White House on Saturday. In a fact sheet detailing the …

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Coeur to buy New Gold in $7bn all-share deal

View: Source NYSE-listed Coeur Mining on Monday announced an offer for TSX- and NYSE-listed New Gold, valuing the precious metals producer at about $7-billion. Under the terms of the all-share agreement, New Gold shareholders will receive 0.4959 Coeur shares for each New Gold share held, representing implied consideration of $8.51 a share based on Coeur’s October 31 closing price. The offer reflects a 16% premium to New Gold’s closing …

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