Vancouver, Kelowna, Delta, BC – May 26, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO’s and leading experts.
Listen to the podcast:
Exploring Mining Podcast 277 – News from (NYSE: MT) (NYSEAmerican: BTG) (NYSEAmerican: EQX) (NYSE: SAND) (TSXV: GGO)
ArcelorMittal (NYSE:MT) has launched the XCarb Innovation Fund, which aims to invest $100M annually on “the best companies and brightest ideas focused on breakthrough technologies which hold the potential to accelerate the decarbonisation of the steel industry.” Aditya Mittal, CEO of ArcelorMittal, said:
“The need to reduce GHG emissions is one of the greatest investment requirements of our time. Steel can make a huge contribution to the decarbonisation of the global economy and at ArcelorMittal we are committed to leading our industry’s efforts, and to accelerate the speed of our progress. Advancing the development of the technologies and processes which are pivotal to our industry’s transition is a very important element of this.”
B2Gold Corp. (NYSEAmerican:BTG) has entered into a definitive Scheme Implementation Agreement to acquire Oklo Resources Limited (ASX:OKU) and its extensive land package near the Fekola Mine. According to the press release, the acquisition is expected to provide B2Gold with an additional landholding of 1,405 km2 covering highly prospective greenstone belts in Mali, West Africa, including Oklo’s flagship Dandoko Project.
Equinox Gold Corp. (NYSEAmerican:EQX) and Sandstorm Gold Ltd. (NYSE:SAND) have announced the creation of Sandbox Royalties Corp., described as “a new diversified metals royalty company.” Ross Beaty, Chairman of Equinox Gold, commented:
“Sandbox Royalties will create immediate and future value for Equinox Gold from our portfolio of royalties and will continue our close relationship with Sandstorm. Greg Smith will focus on building Sandbox Royalties while Equinox Gold slows its M&A activities to focus on developing our peer-leading internal growth pipeline including our new Santa Luz gold mine in Brazil, which is ramping up to commercial production, our large expansion projects at Los Filos, Aurizona and Castle Mountain, and our major in-construction gold mine at Greenstone.”
Galleon Gold Corp. (TSXV:GGO) has announced that the 2022 exploration drill program at its 100 percent-owned West Cache Gold Project in Timmins, Ontario has started. The company’s President and CEO, R. David Russell, said:
“Two years ago when Galleon Gold acquired the West Cache Project, we had two main objectives: 1) to infill drill the known mineralization to confirm the geological continuity of the deposit and 2) to update the mineral resource and complete a PEA. I am very proud of the team for delivering on those goals, while also making the Zone #9 and South Zone discoveries. As we enter the next stage of development for West Cache, we have set equally ambitious targets. Based on the strength of the Project’s initial PEA we will continue to aggressively advance our permitting initiatives, and pending approval, start the ramp for test mining in 2023. In concert with the important work on permits, we will continue to explore in and around known gold zones, while attempting to locate new mineralized areas and trends over the next few months.”
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