Articles for category: Mining

November 12, 2025

Bay St Signal Editors

Zacatecas Silver seals access, books Mexico drilling

Zacatecas Silver signed a new community access agreement with the Ejido Panuco and executed a drill contract with Major Drilling for an initial 4,000 metres at the Zacatecas Silver Project in central Mexico. The agreement clears surface access at Panuco, where prior work outlined an inferred 20.5 million ounce silver equivalent resource and high‑grade intercepts near the surface. Zacatecas Silver said Major Drilling can mobilize once permits are in hand. Access deal clears path to permits With the Ejido’s unanimous approval, Zacatecas Silver now plans to file for drill permits with SEMARNAT, Mexico’s environment ministry, using the same process employed

November 12, 2025

Bay St Signal Editors

Palliser presses Rio for richer Teck bid

Bay Street has a fresh M&A cliff-hanger. Activist fund Palliser Capital wants Rio Tinto to rip up Anglo American’s proposed US$53-billion “nil-premium” merger with Teck Resources and table a sweeter offer. In an Oct. 17 letter to Rio’s board seen by Reuters, the London hedge fund argued the Anglo deal undervalues Teck, hands Anglo shareholders 62.4 percent of the combined stock and, crucially, leaves the door wide open to a rival bid. Teck’s shares spiked 25 percent when early deal chatter surfaced, then slipped once investors learned no premium was coming, a reaction that underscores the valuation gap. Nil premium

November 11, 2025

Bay St Signal Editors

South Star lifts financing to C$6.67 million

South Star Battery Metals increased its ongoing non‑brokered private placement to as much as C$6.672 million, citing investor interest late Friday. The upsized raise takes the unit count to 44.48 million at C$0.15, each with a five‑year warrant at C$0.20 and an acceleration clause tied to trading levels. Non‑brokered private placements are financings sold directly by an issuer without an underwriter, typically to accredited or exempt buyers, and require exchange sign‑off. South Star said the additional proceeds will support exploration, development, general and administrative costs, and working capital, with final TSX Venture approval pending. The issuer attributed the move to

November 10, 2025

Bay St Signal Editors

Max Power starts Canada’s first natural hydrogen well

Max Power Mining said it began drilling a dedicated natural hydrogen well at the Lawson target in southern Saskatchewan on Nov. 7, 2025, a first for Canada. The hole sits on the Genesis Trend near Central Butte and is the opener for a planned multi‑well program. Operations are being run with a Stampede Drilling tele‑double rig and a 24‑person crew working two 12‑hour shifts. The program aims to test whether naturally occurring hydrogen can be found and flowed at commercial rates in Saskatchewan’s subsurface. Natural hydrogen, sometimes called white hydrogen, is hydrogen generated by geological processes and potentially produced with

November 6, 2025

Bay St Signal Editors

International Battery Metals sets Nov. 13 call on Q2 results

International Battery Metals will host a conference call to discuss second quarter fiscal year 2026 results on Thursday, Nov. 13 at 11 a.m. Eastern, for the quarter ended Sept. 30, 2025. The Vancouver and Plano based direct lithium extraction firm said its financials will be released after markets close on Wednesday, Nov. 12, with documents available on SEDAR Plus and its website. International Battery Metals, listed on the TSX Venture as IBAT and on the OTCQB as IBATF, noted the call will not include live questions due to its ongoing U.S. registration review. Investors have been asked to submit questions

November 6, 2025

Bay St Signal Editors

Keevil Backs Anglo Bid, Control Questions Rise

The Keevil family, which controls Teck Resources by owning 79.8% of its “super-voting” shares, has approved a $53 billion merger with Anglo American. This share-swap deal will leave Anglo American’s (London-based) investors with a 62.4% majority stake in the new, combined company. Two years ago, Norman Keevil swatted away Glencore’s US$23 billion pitch with “Canada is not for sale.” Today, one of the country’s most diversified miners is headed for foreign control and no one is paying a takeover premium. Shareholders See Thin Value Teck B-share investors get 1.3301 Anglo shares, bang on the market line. There is no 20-

November 5, 2025

Bay St Signal Editors

Coeur shares slide on C$9.5-billion New Gold bid

Coeur Mining’s attempt to swallow Vancouver-based New Gold landed with a thud on Monday as the U.S. acquirer’s shares fell more than 12 per cent in early New York trading, erasing roughly US$1.2-billion of its own market value. The all-stock offer, worth about C$9.5-billion at current exchange rates, would give New Gold investors 0.4959 Coeur share for each of their shares, a 16 percent premium to the Canadian miner’s last close. Coeur insists the deal will create a North American precious-metals major producing 1.25-million gold-equivalent ounces in 2026, yet the market’s first verdict was swift and negative. Dilution risk worries

November 5, 2025

Bay St Signal Editors

LibertyStream names Harich, advances Texas lithium commissioning

LibertyStream Infrastructure Partners appointed physical chemist Dr. Steven Harich as chief technical advisor. As its Texas lithium carbonate unit moved into commissioning after mechanical construction finished last week. The TSX Venture issuer expects initial output in the second half of the fourth quarter, pending systems integration, instrumentation and quality checks laid out in the appointment release. The move adds field leadership as LibertyStream works to turn brine-derived lithium chloride into saleable lithium carbonate at site.. Commissioning targets and capacity Commissioning has started. LibertyStream has guided to a field unit capable of up to 10 tonnes per annum of lithium carbonate,

November 5, 2025

Bay St Signal Editors

Glencore Closure Heightens Stakes in Anglo-Teck Review

Glencore’s plan to wind down the 97-year-old Horne smelter in Rouyn-Noranda, Quebec, leaves Canada on the brink of losing its largest source of refined copper metal just as Ottawa tries to brand the country a critical-minerals hub. The London-listed miner told Reuters it is “not currently considering the closure of the Horne smelter or CCR,” yet two sources say shutdown preparations are under way as modernization costs could top C$270 million per a Glencore spokesperson. If the taps do turn off, domestic output would fall by roughly 17 percent, according to federal trade data, and buyers south of the border

November 4, 2025

Bay St Signal Editors

Canadians Want Foreign Sales of Resources Blocked

With two national polls showing most Canadians want to keep resource companies at home, the proposed US$53 billion Anglo American–Teck Resources merger faces more headwinds. Roughly two-thirds of voters say Ottawa should stop foreign buyers from scooping up Canadian assets, and the Competition Bureau has already opened a review. An Ipsos survey found 64 percent want the federal government to “stop the sale of Canadian companies to all foreign investors.” A KPMG poll of 250 business leaders put support for halting critical-mineral exports to the U.S. at 61 percent, with Ontario dissent topping the poll. Both are stating a majority