Daily Mining Industry Report: June 9, 2025

Daily Mining Industry Report: June 9, 2025

🇨🇦 Canadian Highlights

Cascadia Minerals and Granite Creek Copper Announce Merger
– Cascadia Minerals Inc. is set to merge with Granite Creek Copper Corp., combining Cascadia’s exploration portfolio with Granite Creek’s Carmacks copper–gold project in Yukon. The merged entity will feature a streamlined pipeline, $2.5M in cash backing, and an expanded footprint in the Stikine Terrane reuters.com+2juniorminingnetwork.com+2finance.yahoo.com+2.

Canada Nickel Taps NetCarb to Boost Carbon Capture Q2 Investment
– Canada Nickel partners with NetCarb to pilot carbon capture at its Crawford project in Ontario, marking a shift toward decarbonization. Crawford is now one of five Canadian critical-mineral assets nearing foundational development im-mining.com.

🌍 Global Developments

U.S. Lawmakers Advocate Audit of Fort Knox Gold Reserves
– Bipartisan U.S. legislators propose a bill mandating the Government Accountability Office to perform a comprehensive physical inventory of the nation’s Fort Knox gold reserve within one year—adding layers of transparency and accountability kyivindependent.com+2mining.com+2mining.com+2.

Illegal, Armed Gold Mining Surges in Colombia
– A gold-price-fuelled surge has driven a sharp increase in illegal mining in Colombia’s jungles, with armed groups exploiting weakened oversight and using toxic methods, prompting calls for heightened regulation and enforcement ft.com+3wsj.com+3theaustralian.com.au+3.

⚙️ Technological Advancements

I‑Bot4CRMs Robots Power European Urban Mining Initiative
– A new robotic system deployed in Europe uses AI and self-learning technology to repurpose urban scrap for critical mineral recovery, reflecting growing interest in recycling innovation theaustralian.com.au+7globalminingreview.com+7kyivindependent.com+7.

Plot Insight: Dual‑Fuel Test Cell for Mining Equipment
– Vale, in partnership with Cummins and Komatsu, has commissioned a dual-fuel ethanol test cell, aiming to cut emissions and fuel costs in mining machinery globalminingreview.com.

📈 Market Trends

Precious-Metals ETFs Surge, But Market Gains Wane
– Gold-mining ETFs posted strong returns this year, yet recent market volatility has dampened investor enthusiasm, signalling a potential plateau in the rally mining.com.

TSX Futures Rise on Strength in Metal Prices
– Canada’s TSX futures climbed 0.17% on June 9, buoyed by rising prices in silver, gold, and copper. Investors are eyeing U.S.–China trade talks and awaiting a Fed interest-rate announcement reuters.com.

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