Daily Mining Industry Report: May 24, 2025

Daily Mining Industry Report: May 24, 2025

🇨🇦 Canadian Highlights

Canadian Critical Minerals Advances Bull River Mine Restart

Canadian Critical Minerals Inc. has updated its permit application to restart the Bull River Mine and Mill near Cranbrook, British Columbia. The revised application consolidates project phases, aiming to resume underground mining and milling operations simultaneously. The company is collaborating with Moose Mountain Technical Services and ALS Metallurgical Services to complete the necessary engineering and environmental studies by August 2025. TradingView+2Newsfile+2Yahoo Finance+2

Ontario Invests C$3.1 Billion to Support Indigenous Mining Partnerships

The Ontario government has announced a C$3.1 billion investment to bolster Indigenous participation in the mining sector. The funding will provide loan guarantees for Indigenous business investments, as well as grants and scholarships for Indigenous students pursuing careers in mining. This initiative is part of Ontario's broader strategy to accelerate the development of a domestic critical minerals supply chain. CIM Magazine+1Mining Journal+1

Arizona Lithium's Prairie Project Receives Production Approval

Arizona Lithium has received approval from Saskatchewan’s Ministry of Energy and Resources to commence phase one production at its Prairie lithium brine project. This marks the first lithium brine project in the province to receive initial production approval. The project will utilize direct lithium extraction (DLE) technology to produce battery-grade lithium carbonate, with the DLE unit expected to be completed by October. CIM Magazine

🌍 Global Developments

Ivanhoe Mines Disputes Zijin's Claims on Kakula Mine Suspension

Ivanhoe Mines has refuted claims by its Chinese partner, Zijin Mining, regarding operational issues at their jointly owned Kakula copper mine in the Democratic Republic of Congo. Ivanhoe asserts that operations continue as normal and that any disruptions are being managed effectively. IndexBox+2Northern Miner+2MINING.COM+2IndexBox

Chile's ENAMI and Rio Tinto Plan Lithium Production by 2032

Chile's state-run mining company ENAMI has announced that its lithium venture with Rio Tinto at the Altoandinos site is scheduled to begin production in 2032. The project aims to initially produce 35,000 metric tons of lithium annually, increasing to 75,000 tons over three years. Rio Tinto is contributing $425 million towards the project, which will utilize direct lithium extraction (DLE) technology, a first for Chile. Reuters+1CIM Magazine+1

⚙️ Technological Advancements

Nanotechnology Revolutionizes Mining Chemicals for Enhanced Efficiency

Advancements in nanotechnology are transforming the mining chemicals market, leading to increased efficiency and eco-friendliness. The integration of nano-based chemicals is particularly impacting mineral processing and water treatment applications, driven by stringent environmental regulations and the demand for sustainable practices. GlobeNewswire

📈 Market Trends

Bull Cycle Brewing for Platinum Group Metals

Analysts at Goehring & Rozencwajg suggest that market trends over the past 18 months mirror conditions of the late 1990s, which preceded a historic bull market for platinum group metals (PGMs). Factors such as tightening supply and increasing demand, particularly from the automotive and green energy sectors, are contributing to this optimistic outlook. MINING.COM+1Northern Miner+1

Global Copper Surplus Projected to More Than Double in 2025

The International Copper Study Group forecasts that the global copper surplus will more than double in 2025, reaching 289,000 tonnes. This projection is based on anticipated increases in mine production and refined copper output, outpacing demand growth. MINING.COM

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