Commodity 2
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July 2, 2024
Commodity
July 2, 2024 (Source: Triton Minerals Limited ) Triton Minerals Limited (ASX: TON) (“Triton”or “theCompany”) is pleased to announce that it has executed a binding memorandum of understanding to divest 70% of its interests in the entities tha
First ore to Kipushi concentrator achieved on May 31; first concentrate produced on June 14 Kipushi sets 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate Kipushi zinc production capacity to average 278,000 t
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 2, 2024) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (" Steppe Gold " or the " Company ") is pleased to provide an update on the pending transaction to acquire all of the issued and outstan
- Boron One Applies for Exploitation Field Approval - VICTORIA, BC / ACCESSWIRE / July 2, 2024 / Boron One Holdings Inc. ("Boron One", the "Company") (TSXV:BONE), a company committed to the decarbonization of Planet Earth through the responsibl
TORONTO, ON / ACCESSWIRE / July 2, 2024 / Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ Iceland:AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities. Eldur Olafsson, Amaroq CEO, commented: "We are very pleased to have successfully arranged a substantial increase and extension of our currently undrawn debt financing package with Landsbankinn. In addition to simplifying the structure of our debt package under one single agreement at more favo
July 2, 2024 (Australian Mining) - Arafura Rare Earths has announced debt financing of up to $US150 million ($224.5 million) has been conditionally approved by the Export-Import Bank of Korea (KEXIM). The funds will go towards Arafura’s flagship Nolans rare earths project in the Northern Territory, which is set to become a major supplier of neodymium and praseodymium (NdPr) to Korea’s automotive manufacturing sector. Arafura has entered into cornerstone binding offtake agreements with Hyundai and Kia for the supply of up to 1500 tonnes per annum of NdPr oxide when the Nolans project achieves nameplate production capacity. The financing from KEXIM comprises a direct loan facility of up to $US75.1 million ($112.3 million) and a loan guarantee up to $US74.9 million ($112 million). Bot
July 1, 2024
July 1, 2024 (Australian Mining) - De Grey Mining has locked in more than $1 billion from commercial banks and government agencies for the development of its Hemi gold project in Western Australia. The Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA) are in the final stages of considering their participation in the lending syndicate for Hemi. If successful, NAIF, EFA and commercial banks and are expected to provide a $1 billion senior debt facility and a $130 million cost overrun facility. The credit approved terms De Grey has received satisfy the targeted debt facilities. Once finalised, when combined with De Grey’s existing cash balance exceeding $850 million, the debt facilities are expected to provide the balance of funding required for Hemi.
June 28, 2024
TORONTO, June 28, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Lithium Ionic Bandeira Corp. (the “Grantor”), has executed a definitive royalty agreement (the “Royalty Agreement”) with ANRF LI (JSY) Ltd., an affiliate of Appian Capital Advisory LLP (“Appian”), granting a 2.25% gross revenue royalty in exchange for upfront cash consideration of US$20,000,000 (the “Royalty”). This agreement is substantially in line with the terms previously disclosed in the Company’s May 30, 2024, news release. Appian is an investment advisor to long-term, value-focused private capital funds that invest solely in mining and mining-related companies. Lithium Ionic intends to use the
June 28, 2024 (Source: Bannerman Energy Ltd) Bannerman Energy Ltd (ASX:BMN; OTCQX:BNNLF, NSX:BMN) (Bannerman or the Company) is pleased to announce that it has received firm commitments for a two-tranche placement of approximately 25.8 million new fully paid ordinary shares (New Shares) to new and existing institutional and sophisticated investors at an issue price of A$3.30 per New Share to raise gross proceeds of approximately A$85.0 million (Placement or Offer). HIGHLIGHTS • Firm commitments received for A$85.0 million two-tranche Placement at A$3.30 per share. • The Placement was supported by both new and existing domestic and international institutional and sophisticated investors. • Funds raised from the Offer to be applied towards development of the Etango-8 Project,
June 27, 2024
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / MONTREAL , June 27, 2024 /CNW/ - Falco Resources Ltd. (TSXV: FPC ) (" Falco " or the " Corporation ") is pleased to announce the closing of the first tranche (the " First Tranche ") of its previously announced "best efforts" brokered private placement (the " Offering ") with Red Cloud Securities Inc. (" Red Cloud "), acting as lead agent and sole bookrunner on behalf of a syndicate of agents including Canaccord Genuity Corp. and Paradigm Capital Inc. (collectively, the " Agents "). Under the First Tranche of the Offering, Falco has issued an aggregate of 4,058,269 units of the Corporation (the " Units ") at a price of C$0.23 per Unit and 4,464,286 flow-through shares of the Corpo
VANCOUVER, British Columbia, June 27, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces it has entered into an agreement with a syndicate of lenders to extend and increase its senior secured credit facility (the “Credit Facility”). The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature. The Company proactively extended and increased the credit facility in order to replace the October 2021 senior secured credit facility which was maturing in 2025. The Credit Facility bears interest at a rate of SOFR plus a margin of 2.125-3.250%, dependent on the Company’s net-leverage ratio. “The extension and increase of our credit fa
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (the " Company " or " Spanish Mountain Gold ") is pleased to announce that, further to its news releases dated May 27, 2024 and May 31, 2024, it has closed the second and final tranche of the previously announced private placement (the " Private Placement ") of flow-through units of the Company (the " FT Units ") at a price of $0.24 per FT Unit and non flow-through units (the " NFT Units ") at a price of $0.21 per NFT Unit. The second tranche of the Private Placement consisted of 50,000 FT Units and 819,237 NFT Units for total aggregate gross proceeds of $184,040. The total Private Placement consisted of 7,858,333 FT Units and 7,733,522 NFT Units for total aggregate gross pro
Highlights Grant proposal submitted to advance the Cowboy State Mine at Halleck Creek has been approved by the State of Wyoming, USA. The Company will be the recipient of A$10.7 million (or US$7.1 million) in non-dilutive funding through a three-year agreement as part of a Matching Funds arrangement. The Funding Agreement includes costs incurred to advance the Cowboy State Mine: Further exploration drilling and bulk sampling on state mineral leases. Baseline environmental studies for state permitting. Pilot processing plant, with specific focus on preconcentration of Halleck Creek Ore. 1 Prefeasibility studies and economic assessments. Community impact assessments. DENVER, June 27, 2024 (GLOBE NEWSWIRE) -- American Rare Earths ( ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“AR
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES QUÉBEC CITY, June 27, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“ Robex ” or the “ Company ”) is pleased to announce that it has closed its previously announced “best efforts” public offering of 58,294,880 units of the Company (each, a “ Unit ”) at a price of $2.17 per Unit for gross proceeds of $126,499,889.60 (the “ Offering ”). The Offering was led by SCP Resource Finance LP, as sole bookrunner and lead agent (the “ Lead Agent ”), on behalf of a syndicate of agents including BMO Nesbitt Burns Inc. (collectively, the “ Agents ”). The number of Units sold and gross proceeds realized by the Company have been adjusted to reflect the exercise in full by the Agents of the over
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ROUYN-NORANDA, Quebec, June 27, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) announces that it has completed a fifth and final closing of the non-brokered private placement announced on March 12, 2024 (the "Private Placement"), for additional gross proceeds of $627,570, representing 12,551,400 units of the Corporation (the “Units”), at a price of $0.05 per Unit. Each Unit consists of one common share of the Corporation (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles its holder to subscribe for one Common Share at a price of $0.06 for a period of 36 months. Abcourt has issued a total o
June 26, 2024
LONDON, UNITED KINGDOM / ACCESSWIRE / June 25, 2024 / SolGold (LSE:SOLG)(TSX:SOLG) is pleased to report that Management's discussions for a significant potential funding package (" Financing ") for the Cascabel Project (" Cascabel " or the " Project ") are progressing. As an interim measure, Franco-Nevada Corporation (" Franco-Nevada ") provided a US$10 million loan facility (" Loan Facility ") to the Company. The Financing and Loan Facility were previously referenced in the Company's news release issued on May 14, 2024 (https://polaris.brighterir.com/public/solgold/news/rns/story/w34v5jx). The Loan Facility was provided to support SolGold's ongoing operations as discussions regarding the longer-term Financing advance. Franco-Nevada is a valuable partner in the Project and is very suppor