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ASX-LISTED lithium company Sayona Mining is to bid for the North American lithium mine in Québec, Canada, after securing $2.75m of funding from a New York-based investor. Sayona Mining said the funding injection reflects increased investor confidence in the lithium sector. In a statement, the company said: “The new investment follows an upturn in the lithium sector since the start of 2020, and as Sayona builds momentum in its bid for the NAL mine, which it aims to make the centrepiece of a lithium hub comprising a concentrator supplied by two or potentially three ore bodies.” Sayona said it will use the funds from Obsidian Global to press ahead with its bid for NAL, and to advance its flagship Authier...

KSB leads the way in hard-wearing and robust slurry pump solutions Mine operators are always looking for a global partner that can supply specialised and custom-engineered heavy slurry transport equipment and systems that reduce downtime, lower total cost of ownership and increase efficiency. In 1871, Johannes Klein invented a unique boiler feed apparatus and, together with investors Friedrich Schanzlin and Jakob Becker, set up Frankenthaler Maschinen- & Armaturen-Fabrik Klein, Schanzlin und Becker (KSB). For over 150 years, KSB has innovated in the fields of pumps for an increasing range of industries and applications. KSB now owns and operates 27 manufacturing sites and has subsidiaries and representatives in over 100 countries...

Mincor Resources (ASX: MCR), an Australian mining company, has provided an operational update and emphasised the importance of shareholders considering Wyloo Consolidated Investments' takeover offer. The offer, which has recently been extended until July 5, 2023, provides shareholders with additional time to evaluate the terms and benefits before making a decision. Mincor's Kambalda Nickel Operations continue to perform exceptionally well, surpassing initial expectations. The company is on track to achieve nameplate mining rates in May 2023, earlier than planned. For the June quarter to date, Mincor has produced 1,839t of nickel-in-concentrate, bringing the year-to-date production to 5,16t. The total ore mined stands at 97,867t for the June quarter and 306,917t year-to-date, demonstrating the company's strong operational performance. In terms of...

BY REUBEN ADAMS   CORE Exploration believes fresh high-grade drill results have demonstrated “significant potential” to grow resources at the near-term Finniss lithium project in the Northern Territory.   The emerging lithium developer has embarked on aggressive drilling this year to grow the Finniss resource base ahead of a late-2018 Definitive Feasibility Study (DFS) and early 2019 Final Investment Decision. The Pre-Feasibility Study (PFS) confirmed Stage 1 of the Finniss Project, mining the high grade Grants deposit, would generate strong free cash flow; but with a mine life of just 26 months further resources were required to underpin a potential long-life operation. Latest results from the Carlton Prospect, 1km from Grants, included 16 metres at 1.79 per cent lithium oxide...