Net proceeds of the financing will go towards the exploration, drilling and development of its flagship Panuco silver-gold project.
One hole returned 269.6 g/t gold over 2.3 metres, including 1,261 g/t gold over 0.5 metre.
The project's mineral resources estimate has increased 445% since the previous report, released in late 2018.
"The board yesterday approved the largest mining project in the world," CEO Stausholm told the Financial Times.
Since SQM's initial investment of $2.57 million last year, Altilium has hit a number of key development milestones.
Durrant will be leading the Nickel Asset Service.
Although diamonds are beautiful gemstones, researchers say they are much more interesting from a scientific point of view.
Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.
Jiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000 tonnes of copper anode per year from mines in Zambia.
“How a Canadian copper mine triggered an uprising in Panama” was the tagline of a W5 Investigation.
Robert T. Downs is the winner of the 2023 Carnegie Mineralogical Award.
