This financing package funds the advancement of Warintza through studies and permitting, Solaris said.

The project, including two mines and spodumene concentrators in the province’s northwest, has an after-tax net present value of C$1.2 billion.

Cariboo is expected to produce about 1.9 million oz. gold over a dozen-year mine life.

Louis Freeh, who ran the bureau from 1993 to mid-2001, is leading Alix Partners in advising Swiss company Solway on revamping governance at the Fenix complex.

The price of uranium will hit triple-digits for the first time since 2007 as nations weaning off oil and seeking energy security deplete nuclear fuel supplies, says investment fund.

First off from a C$300 million pool, applicants can seek up to C$50 million per project, while provincial and territorial governments can apply for as much as C$100 million for each project.

Under the deal, which still must be approved by regulators in Ottawa, Glencore is to pay $6.9 billion for 77% of Elk Valley Resources, Teck’s coal business.

Now the project, forecast to cost C$1.3 billion to build, awaits federal environmental consent as it conducts pre-construction site work.

If the company goes ahead with the plan, it will aim to file a preliminary economic assessment by mid-year.

The mining industry must confront its dark past of disasters to attract new investors and offer project stakes to local towns to improve ESG metrics.

The industry needs to apply existing technology to build several solutions, panellists at The Northern Miner's Canadian Mining Symposium said.

Garofalo said governments should “stay out of the way" of mining projects because long lead times, unclear regulations and overlapping jurisdictions all drive away investment.