26 June 2024
26 June 2024
Rockburst Technologies CEO Oscar Malpica talks about the company’s CO₂-based ore processing technology, which aims to lower energy consumption and emissions and has gained interest from mining majors.
The funds will support the development, construction and general working capital needed to advance the project.
This milestone marks significant progress as the mine advances commissioning and moves towards the production stage.
The Perseverance Package, located in north-eastern Minas Gerais, comprises seven projects spanning 52,000 hectares (ha).
The permit, recently awarded to Ivorian company K Mining, is being explored under an option agreement with Starcore.
These projects were obtained through direct staking and are situated in a region known for its high uranium potential.
The efforts are expected to inform drill targeting for a subsequent phase 2 programme later in the 2024 season.
The company anticipates an after-tax accounting gain of around $10m (C$13.67m) in the second quarter (Q2).
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