Honey Badger Silver has updated its Prairie Creek PEA, nearly tripling the project's NPV to $1.2 billion with a 29.3% IRR. While tonnage has increased, the update shows a decline in grades and relies on historical drilling data.
Honey Badger Silver Inc. has announced a positive Preliminary Economic Assessment (PEA) for its 100%-owned PC Silver Mine in the Northwest Territories. The study reports a 22-year mine life with an after-tax NPV of $1.2 billion and a 29% IRR, highlighted by a negative AISC of US$22/oz due to significant zinc, lead, and copper by-product credits.
Gold Terra has commenced a fall drilling program at the Con Mine Option Property using three rigs. The program targets Zone 103 North, the historical tailings storage facility, and the Yellorex deposit to support an upcoming Preliminary Economic Assessment (PEA).
Fin Resources (ASX:FIN) has reported a series of high-grade gold intercepts at its Cabin Lake project in the Northwest Territories, including a standout 5m @ 59.8 g/t Au. The project is part of a broader regional gold revival supported by proposed major infrastructure and power projects.
Honey Badger Silver is advancing plans to restart the PC Silver Mine in the Northwest Territories by assessing the reuse of its existing processing facility. Additionally, the company has completed its 2026 exploration program at the Nanisivik Project in Nunavut, focusing on massive-pyrite and multi-element enrichment targets.
Mountain Province Diamonds has announced that CFO Steven Thomas will step down on September 1, 2026, to pursue other opportunities, though he will remain in an advisory role during the transition. The release also provides summary resource estimates for the Kelvin and Faraday kimberlites at the Gahcho Kué diamond mine.
Mountain Province Diamonds announced that CFO Steven Thomas will step down on September 1, 2026, to pursue other opportunities, remaining in an advisory role during the transition. The release also provides background on the company's 49% interest in the Gahcho Kué diamond mine and mentions existing mineral resources for the Kelvin and Faraday kimberlites.
Avalon Advanced Materials has submitted a full project proposal to Natural Resources Canada seeking approximately C$20 million in funding. The program aims to advance the Nechalacho Rare Earth Elements Project through feasibility-level engineering (AACE Class 3) and the validation of the Hybrid Supercritical Refining (HSR) process via a modular demonstration plant.
Gold Terra has commenced drilling at the Zone 103N extension of the Campbell Shear to expand its existing inferred gold resource. The company currently holds an inferred resource of 595,000 ounces at the site and is working toward a Preliminary Economic Assessment by year-end 2026.
Avalon Advanced Materials Inc. announced an updated Mineral Resource Estimate for its Nechalacho Basal Zone, reporting 58.6 million tonnes of Measured and Indicated resources grading 1.49% TREO and 130.6 million tonnes of Inferred resources grading 1.31% TREO. The MRE, prepared under S-K 1300 standards with an effective date of July 14, 2026, incorporates current economic assumptions and highlights the project's strategic importance due to its diverse rare earth element composition, including a high proportion of magnet rare earths. This update supersedes the 2013 estimate and provides a new foundation for advancing the project, with a PEA currently underway.
