Daily Mining Industry Report: April 16, 2025

​Daily Mining Industry Report: April 16, 2025​

🇨🇦 Canadian Highlights

Canada Extends Mineral Exploration Tax Credit

Natural Resources Minister Jonathan Wilkinson announced a two-year extension of the 15% Mineral Exploration Tax Credit for flow-through shares. This initiative aims to bolster junior mining exploration and reduce reliance on foreign capital, particularly from Chinese state-owned enterprises. ​Reuters

Alberta Lifts Coal Exploration Moratorium

In January 2025, Alberta lifted its moratorium on new coal exploration in the Eastern Slopes of the Rocky Mountains. The decision reinstates the 1976 Coal Policy, allowing coal companies to resume exploration and development on previously restricted lands, excluding Category 1 lands. This move has reignited public debate due to environmental concerns. ​Wikipedia+1Wikipedia+1

New Found Gold Advances Queensway Project

New Found Gold Corp. filed a technical report for its Queensway Gold Project in Newfoundland, detailing an initial mineral resource estimate. The company plans further drilling to upgrade resources and unlock additional value from the project. ​Newswire+1Yahoo Finance+1Newswire

Discovery Completes Acquisition of Porcupine Complex

Discovery has finalized its acquisition of the Porcupine Complex, emerging as a new Canadian-based gold producer. This strategic move enhances Discovery's production capabilities in one of the world's premier gold mining regions. ​Newswire+2Morningstar+2StocksToTrade+2

🌍 Global Developments

First Quantum Explores JV to Reopen Cobre Panama Mine

First Quantum Minerals is considering a joint venture with the Panamanian government to resolve the dispute that has kept the Cobre Panama copper mine closed since November 2023. A government-industry partnership could be the path to reopening the mine. ​MINING.COM

Ivanhoe Electric Secures $825M for Arizona Copper Project

Ivanhoe Electric is assembling $825 million in financing for its Santa Cruz copper project in Arizona. The funds will support the project's prefeasibility study and development plans. ​MINING.COM

U.S. Initiates Tariff Probe on Critical Mineral Imports

President Trump has ordered a tariff investigation on all U.S. critical mineral imports. This action follows China's recent export restrictions on certain rare earth elements, escalating trade tensions. ​MINING.COM+1Reuters+1

⚙️ Technological Advancements

Freegold Advances Drilling and Pre-Treatment Studies

Freegold is progressing with new drilling and evaluating pre-treatment options like BIOX® and POX for its flagship Alaskan asset. A 2025 pre-feasibility study and updated resource estimates are planned to enhance project value. ​Newswire

Green Mining Market Poised for Growth

The global green mining market is projected to reach USD 20.92 billion by 2031, driven by technological advancements and policy mandates. Innovations include energy-efficient extraction methods, automation, and integration of renewable energy sources. ​GlobeNewswire

📈 Market Trends

The Metals Company Stock Surges

The Metals Company Inc. (NASDAQ: TMC) saw its stock rise by 9.54% on April 15, 2025. The surge is attributed to positive investor sentiment and developments in deep-sea mining initiatives. ​StocksToTrade

Caledonia Mining Reports Record Q1 Production

Caledonia Mining Corporation Plc announced a record Q1 2025 gold production of 18,671 ounces at its Blanket Mine, exceeding previous first-quarter highs. The strong performance sets a solid foundation for the company's 2025 outlook. ​GlobeNewswire

Disclaimer:
The information in our daily posts is intended solely for general informational purposes. We do not guarantee the accuracy, completeness, or reliability of any content provided, and we are not responsible for any errors, omissions, or outcomes resulting from using this information. Readers are advised to verify facts independently and consult appropriate professionals or official sources before making any decisions or taking action based on these reports—all responsibility lies with the reader.