Commodity 2
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January 28, 2025
Commodity
Unlocking Additional Low-Cost Financing to Advance the growing McIlvenna Bay Project VANCOUVER, BC , Jan. 28, 2025 /CNW/ - Foran Mining Corporation (TSX: FOM ) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the signing of a co
January 28, 2025 (IM - International Mining) - TAKRAF Group says it has secured a major contract to design and supply a conveying system for Compañía Minera Doña Inés de Collahuasi SCM’s Ujina growth project, in Chile. The contract will see TAKRAF e
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, HONG KONG, SINGAPORE, CANADA, J
Highlights: Courvan Trend (Bussiere Deposit) infill drilling results intersected near-surface gold zones with significant grades up to 3.8 g/t Au over 17.4 metres (cut*) ( 26.5 g/t Au over 17.4 metres uncut), including 444 g/t Au over 1.0 metr
January 28, 2025 (Australian Mining) - Fortescue has launched a $254 million off-market takeover bid to acquire Red Hawk Mining, bringing an undeveloped iron ore project in the Pilbara region of Western Australia into its fold. The deal has been struck through a binding bid implementation deed (BID), under which Fortescue would acquire all of Red Hawk’s fully paid ordinary shares for cash consideration of $1.05 per share, increasing to $1.20 per share if Fortescue acquires a 75 per cent or more interest in Red Hawk within seven days. This represents a 29 per cent premium to Red Hawk’s 30-day volume weighted average price (VWAP) to January 24, and the increased offer price represents a 48 per cent premium to Red Hawk’s 30-day VWAP to January 24
January 27, 2025
Establishes Discovery as a growing Canadian gold producer with large Mineral Resource base in a Tier 1 jurisdiction with significant upside potential Attractive acquisition with base case NPV of $1.2 billion using analyst consensus gold prices (including a long-term (“LT”) gold price of $2,150 per ounce) and $2.3 billion at a +23% sensitivity case using LT gold price of $2,650 per ounce Consideration at closing of $275 million, including $200 million of cash and $75 million of equity, with additional $150 million of deferred cash consideration starting in late 2027 Attractive $555 million financing package provides substantial financial strength Brings to the Porcupine Complex a management team, led by Tony Makuch, with a solid track record for value creation within the
Securityholders are reminded to submit their proxies well before the proxy voting deadline on Tuesday, February 4, 2025 at 10:00 a.m. (Vancouver Time). The Board of Directors of SilverCrest unanimously recommends that Securityholders vote FOR the Arrangement. TSX: SIL | NYSE American: SILV VANCOUVER, BC , Jan. 27, 2025 /CNW/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm and other similar advisory firms have each recommended that SilverCrest shareholders ("Shareholders") vote "FOR" the plan of arrangement (the "Arrangement") with Coeur Mining, Inc. ("Coeur") to be approv
January 24, 2025
All-cash offer of $1.67 per share representing a 58% premium to O3 Mining's closing price on December 11, 2024 Agnico Eagle has satisfied the minimum tender condition and has taken-up and acquired 94.1% of the outstanding O3 Mining shares Shareholders who have not already tendered should do so as soon as possible to take advantage of the significant offer as their brokers, banks or other intermediaries likely have tendering cut-off times well in advance of the expiry time of 11:59 p.m. (EST) on February 3, 2025 Tender your shares today for prompt payment . Contact Laurel Hill Advisory Group for assistance at 1-877-452-7184 or email assistance@laurelhill.com (All amounts expressed in Canadian dollars unless otherwise noted) TORONTO , Jan. 24, 2025 /CNW/ - A
January 23, 2025
January 23, 2025 (Australian Mining) - Pilbara Minerals’ acquisition of Latin Resources is now legally effective , following months of securing relevant regulatory approvals from entities such as the Supreme Court of Western Australia . Pilbara Minerals is the owner of the Pilgangoora lithium operation in WA, one of the largest hard rock lithium deposits in the world. Now joining its portfolio is Latin Resources’ Salinas lithium project in Minas Gerais, Brazil, signalling Pilbara Minerals’ entrance into the South American lithium market. Salinas could contribute significantly to Pilbara Minerals’ future production, potentially adding up to 30 per cent to the company’s pro-forma steady state production at a competitive cost base. “The acquisition will deliver our second 100 per
January 22, 2025
January 22, 2025 (Source: Shafaq News) Saudi Arabia's Manara Minerals Investment Company plans to acquire a 10-20% stake in the Reko Diq project in Pakistan, the world’s largest copper and gold mine. The Mining Fund, a key shareholder in the company, will purchase the stake from the Pakistani government, which owns 25% of the mine, for an estimated $500 million to $1 billion. The deal will include a future production offtake agreement. Reko Diq, being developed by Canada’s Barrick Gold Corporation, is set to become one of the world’s largest copper and gold mines once completed, with an estimated development cost of $9 billion. According to Barrick, the mine, located in western Balochistan near the Afghan and Iranian borders, is expected to produce up to 400,000 tons of copper and 500
January 22 , 2025 (Source: Petra Diamonds Limited) Petra (LSE: PDL) is pleased to announce that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra's interest in Williamson Diamonds Limited (" WDL "), together with all the shareholder loans such entity owes Petra, to Pink Diamonds Investments Limited (" Pink Diamonds ") for a headline consideration of up to US$16 million (the " Transaction "). Transaction Highlights -- Sale of Petra's entire shareholding in the entity that holds its interest in WDL to Pink Diamonds for a headline consideration of US$16 million -- The US$16 million consideration for the Transaction shall be payable by Pink Diamonds out of WDL's distribut
January 21, 2025
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / January 21, 2025 / South Star Battery Metals Corp. (" South Star " or the " Company ") (TSXV:STS) (OTCQB:STSBF) , is pleased to announce that it has successfully exercised its right to earn-in 75% of the BamaStar Graphite Project (the "Project"), which was formerly named the Ceylon Graphite Project, located in Coosa County, Alabama. Per the terms of the binding earn-in agreement (the "Agreement") (see Dec 07, 2021 Press Release ), South Star successfully completed the following conditions to complete the 75% earn-in: The drilling, resource estimation and analysis needed to produce a NI 43-101 compliant Preliminary Economic Analysis (P
VANCOUVER, BC , Jan. 21, 2025 /CNW/ - Orla Mining Ltd. (TSX: OLA ) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce the results of the special meeting of the shareholders of the Company (the "Shareholders") held earlier today (the "Meeting"). At the Meeting, Shareholders approved (i) the Company's proposed acquisition of the Musselwhite Mine (the "Transaction") from Newmont Corporation ("Newmont") and (ii) the concurrent private placement (the "Financing") of convertible notes and common share purchase warrants to Pierre Lassonde and Fairfax Financial Holdings Limited ("Fairfax"), both of whom are "insiders" of the Company as defined under the TSX Company Manual. A total of 186,303,542 of the common shares of the Company ("Shares") were represented at the Meeting, rep
January 21, 2025 08:38 PM Eastern Standard Time MONTREAL--( BUSINESS WIRE )-- Lomiko Metals Inc. (TSX-V: LMR) (“Lomiko” or the “Company”) is pleased to announce that it has entered into an agreement (the “ Acquisition Agreement ”) with Metals Creek Resources Corp. (“ Metals Creek ”) to acquire 100% of 28 mineral claims forming the Yellow Fox project (the “ Property ”), subject to customary closing conditions (the “ Proposed Transaction ”). These claims cover the Property, which consists of 28 contiguous claim units in two licenses for a total of 7 sq. km; licenses 027536M (4) and 037936M (24). The Acquisition Agreement is subject to approval by the TSX Venture Exchange (the “ TSXV ”) and the closing date is expected to be on or about February 28, 2025. The Lomiko leadership team h
January 21, 2025 (Australian Mining) - Strong gold production and record net mine cash flow were among the highlights from Northern Star Resources’ December 2024 quarter. The gold miner sold 410,249 ounces (oz) of gold at an all-in sustaining cost (AISC) of $2128/oz during the period, with its Kalgoorlie production centre in Western Australia performing the strongest with 208,035oz sold. Yandal in WA followed with 131,617oz, while Pogo in Alaska, US, delivered 70,597oz at $US1450/oz ($2311/oz). Northern Star’s all-in costs of $3278/oz have increased by $720 compared to this time last year due to the company’s capital growth projects, led by the Kalgoorlie Consolidated Gold Mines (KCGM) mill expansion project. Northern Star also announced its intention to acquire De Grey Mining