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New Earth Resources gained option to buy Canada’s Red Wine rare earth project with 4.5M shares and 2% royalty.
New Earth Resources has acquired an option to buy the Red Wine rare earth project in Newfoundland and Labrador, Canada, through a deal with Northex Capital Partners involving 4.5 million shares and a 2% royalty.
The project spans about 1,575 hectares in the Central Mineral Belt.
Meanwhile, Ivanhoe Mines and Qatar Investment Authority signed a memorandum of understanding to expand critical minerals development, following QIA’s $500 million investment.
In Australia, gold output has declined for five years despite rising global prices, prompting industry focus on new projects, technology, and international partnerships.
Concerns about workplace safety and harassment persist in mining, with advocates like Dani Tamati highlighting ongoing challenges despite progress in female workforce participation.
New Earth Resources obtuvo la opción de comprar el proyecto de tierras raras de Red Wine de Canadá con 4,5 millones de acciones y un 2% de regalías.