Daily Mining Industry Report: May 12, 2025

Daily Mining Industry Report: May 12, 2025

🇨🇦 Canadian Highlights

Canada Nickel Secures US$20 Million Bridge Loan

Canada Nickel Company Inc. has closed a US$20 million bridge loan facilitated by Ber Tov Capital Corporation. The financing will support the advancement of the company's flagship Crawford Nickel Sulphide Project and repay an existing loan with Auramet International, Inc. Prospector News+2PR Newswire+2Stockhouse+2

Fortune Minerals Reports Successful Bismuth Test Work

Fortune Minerals Limited announced successful bismuth test work results for its NICO Project, which includes a planned mine and concentrator in the Northwest Territories and a hydrometallurgical processing facility in Alberta. The company also drew down an additional C$1.575 million from its convertible security funding agreement to support ongoing work.

Fireweed Metals Announces $45 Million Financing

Fireweed Metals Corp. has announced a $45 million financing to advance its projects, including the Macmillan Pass Project in Yukon and the Mactung Project in the Northwest Territories. The financing will support exploration and development activities.

🌍 Global Developments

NioCorp to Participate in Defense Conference

NioCorp Developments Ltd. will participate in Aviation Week Network's 2025 Defense Conference in Washington, D.C., on May 13-14. The company's Chief Communications Officer will join a panel discussing China's export restrictions on critical minerals essential to aviation and aerospace industries.

Comstock Reports Q1 2025 Results

Comstock Inc. announced its first quarter 2025 results, highlighting significant growth in metals recycling revenues. The company continues to focus on expanding its clean energy and mining operations.

⚙️ Technological Advancements

Smart Mining Market Projected to Reach $34.59 Billion by 2030

The smart mining market is estimated at USD 34.23 billion in 2025 and is expected to reach USD 34.59 billion by 2030, growing at a CAGR of 0.21%. The growth is driven by the adoption of advanced technologies to enhance operational efficiency and safety.

📈 Market Trends

Global Mining Steel Industry Projected to Reach $1.45 Trillion by 2035

The global mining steel industry, valued at $875.7 billion in 2024, is projected to grow at a CAGR of 4.63%, reaching $1.45 trillion by 2035. This growth is driven by increasing demand in construction, automotive, and infrastructure sectors, along with a shift toward sustainable practices.

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