Daily Mining Industry Report: May 17, 2025

Daily Mining Industry Report: May 17, 2025

🇨🇦 Canadian Highlights

Canada Nickel Secures US$20 Million Bridge Loan

Canada Nickel Company Inc. has secured a US$20 million bridge loan facilitated by Ber Tov Capital Corporation, signed on May 9, 2025. This financing will support the advancement of the Crawford Nickel Sulphide Project and repay an existing loan with Auramet International, Inc.

Fortune Minerals Achieves Breakthrough in Bismuth Processing

Fortune Minerals Limited announced the successful completion of the hydrometallurgical phase of its test work program for the NICO Project's bismuth circuit at SGS Canada Ltd. The enhancements are projected to significantly reduce both capital and operating expenditures for the Alberta refinery while increasing bismuth recovery in cement to approximately 98%.

Fireweed Metals Upsizes Financing to $60 Million

Fireweed Metals Corp. has increased its financing to $60 million to advance its Macmillan Pass zinc-lead-silver project and the Mactung tungsten project in the Yukon and Northwest Territories. The funding will support exploration, development, and infrastructure enhancements.

🌍 Global Developments

NioCorp to Participate in 2025 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 Strong Q1 2025 Results

Comstock Inc. announced its first quarter 2025 results, highlighting significant growth in metals recycling revenues. The company achieved $1.34 million in billings, surpassing estimates, and secured strategic partnerships, including a Master Services Agreement with RWE Clean Energy.

⚙️ 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%. This 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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