15 August 2024
15 August 2024
Of global smelter capacity, 16.2% was inactive throughout the first seven months of 2024, as opposed to just 13.9% in the same period last year.
This follows the finalisation of agreements with South32 and Aquila for their respective shares in the Queensland project.
Previous strike action at Escondida in 2017 prevented the mine from producing more that 120,000 tonnes (t) per day.
The copper concentrate will undergo refinement at Jubilee’s Sable refinery to produce copper cathode.
The first batch of yellowcake, a type of uranium concentrate powder, is scheduled for shipment in late 2024.
The deal aligns with the Canadian Government's billion-dollar initiative to enhance the country's critical minerals sector.
Under the agreement, Investigator will secure a 25% stake in Fram and a 75% interest in the Molyhil Project.
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