Nickel

[energy_isere]

suite de ce post du 15 dec 2024 : viewtopic.php?p=2403879#p2403879

Brazilian Nickel seeks anchor investor for $1.4 billion mine

Bloomberg News | June 17, 2026


Piauí nickel mine project. Credit: TechMet Ltd.

Brazilian Nickel Ltd. is seeking an anchor investor to help attract more equity funding for its planned $1.4 billion nickel and cobalt mine in northeastern Brazil.

The developer of the Piauí nickel project is using Rothschild & Co. as an adviser for global debt and equity financing while Brazilian investment bank Bradesco BBI is advising for raising $100 million among investors and funds within the South American nation, chief financial officer Andre Simao said in a Monday interview. The company also seeks government funding from Canada, Europe and the Brazilian development bank, BNDES, Simao said.
.....................
Brazilian Nickel, which is backed by critical minerals investment firm TechMet Ltd., aims to produce 28,000 tons of nickel and 1,000 tons of cobalt a year across the first 10 years of operation, with production planned to start in the first half of 2030, according to Simao.

https://www.mining.com/web/brazilian-ni ... lion-mine/

[energy_isere]

suite de ce post du 01 dec 2024 : viewtopic.php?p=2403250#p2403250

NexMetals upgrades Selkirk copper resource to 1.1B lb.

Staff Writer | June 24, 2026

NexMetals Mining (TSXV, NASDAQ: NEXM) says its Selkirk copper-nickel-PGE project could now be a “significant contributor” to its Botswana-focused growth strategy after upgrading its resource by nearly 70%.


In the resource update on Wednesday, the Toronto-based miner said the project now holds approximately 1.1 billion lb. of copper equivalent (CuEq) in the indicated category, with 78.2 million grading 0.66% CuEq, following a significant conversion from the inferred category driven by successful re-assaying and twin drilling.


Following the conversion, there are still 15.1 million in inferred tonnes grading 0.60% CuEq, containing 200 million lb. of CuEq.

The total contained copper equivalent, according to NexMetals, represents a 63% increase to the project’s metal inventory compared to its last estimate in 2024, driven largely by better metallurgical recoveries and the inclusion of cobalt, silver and gold as payable metals. Goldfutures trading

Moreover, the company noted that metal price changes had “a minimal net impact” relative to the 2024 estimate, reflecting Selkirk’s diversified polymetallic metal mix.

Shares of NexMetals surged nearly 10% on the update, before erasing most of its gains amid continued weakness in metals and equities. The company’s market capitalization stands at C$114 million ($80 million).

Elevated project status

NexMetals views the upgrade as “an important technical milestone” for the Selkirk project that enhances its resource confidence and reduces development risk.

With the expanded resource, the company said the project has now “evolved into a strategically important, multi-commodity critical metals asset” with the scale and development potential. Previously, Selkirk was “assigned limited value as a secondary asset” within the portfolio, it added.

The project is located approximately 75 km northeast of the company’s flagship Selebi project, both hosting past-producing copper-cobalt-nickel mines that the company has been re-developing since 2019. Selkirk comprises a mining licence covering 14.6 sq. km, while Selebi covers a single mining licence of 115 sq. km.

“When we acquired the Selebi and Selkirk projects out of liquidation in 2022, we saw an opportunity to unlock value through modern exploration and disciplined technical work, and today’s resource update at Selkirk is a strong example of that strategy in action,” CEO Sean Whiteford said in a press release on Wednesday.

https://www.mining.com/nexmetals-upgrad ... o-1-1b-lb/

[energy_isere]

US sanctions shut Canada’s only cobalt refinery

Staff Writer | June 23, 2026

Sherritt International (TSX: S) has begun shutting down its Fort Saskatchewan refinery after expanded US sanctions on Cuba halted the feedstock supply needed to keep the facility in Alberta, Canada running. Beaches& Islands


The Toronto-based nickel and cobalt producer said the transition follows previous guidance that refinery operations would continue only until mid-June based on available inventory. The company has implemented shutdown procedures and will retain the personnel and resources required to keep the facility in a safe and secure state while operations remain suspended.

Sherritt said it is preserving cash, managing costs and preparing the refinery for a potential restart while carrying out maintenance work during the shutdown.

The shutdown marks the latest fallout from Washington’s tougher stance on Cuba and highlights the vulnerability of supply chains that depend on the island’s mining sector.

Sherritt mined nickel and cobalt at its Moa joint venture in eastern Cuba and processed the material at its refinery near Edmonton. Beaches& Islands

Impact

The refinery will remain idle until mining and processing activities at Moa resume and the feed pipeline is rebuilt. Sherritt said it cannot provide guidance on when that may occur and continues to suspend its direct participation in the Cuban joint venture.

The company continues to produce fertilizers and sulphuric acid for resale, providing a source of revenue while its core nickel and cobalt operations remain constrained.

Sherritt has faced mounting operational and financial challenges since the US expanded sanctions against Cuba in May. The measures have disrupted the company’s primary source of refinery feed and forced it to focus on preserving cash while preparing for an eventual restart.

https://www.mining.com/us-sanctions-shu ... -refinery/