Commodity 2
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June 25, 2024
Commodity
Confirms Wide High-Grade Gold and Silver Oxide Mineralization on Surface Field work and sampling are providing key assay results to expand the wide mineralized zone to surface and along strike Additional continuous chip channel and reconnai
VANCOUVER, BC / ACCESSWIRE / June 25, 2024 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena" or the "Company") is pleased to announce that it has secured a financing package totaling US$750 million (equivalent to over C$1 billion) with Orion R
TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“ G2 ” or the “ Company ”) (TSX: GTWO; OTCQX: GUYGF) is pleased to provide an update on the ongoing exploration program at the Company’s 27,719-acre OKO-AREMU gold project. G2 recen
Results Include 0.4% Ni, 0.5% Cu, and 34.3 g/t Pt+Pd+Au over 4.1 Metres, Starting at Surface Sudbury, Ontario--(Newsfile Corp. - June 25, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to anno
June 25, 2024 (Mining Review Africa) - Lucapa Diamond Company has entered into a conditional binding Sales and Purchase Agreement with local Lesotho company, Lephema Executive Transport, to divest its 70% stake in Mothae Diamonds which owns the Mothae Diamond Mine in the Kingdom of Lesotho. The Agreement follows a strategic review of the company’s portfolio of assets undertaken by the newly restructured board of directors ( see ASX Announcement dated 15 May 2024 ). The divestment of the stake in the non-core asset enables the Company to focus on developing its Angolan and Australian assets. Lucapa Managing Director and CEO Nick Selby commented on the divestment,” This agreement is the result of a period of offer and negotiation involving Lucapa and several interested
June 25, 2024 (The Assay) - Paladin Energy (ASX: PDN | OTCQX: PALAF) and Fission Uranium Corp. (TSX: FCU | OTCQX: FCUUF | FSE:2FU) have entered into a definitive arrangement agreement, pursuant to which Paladin will acquire 100% of the issued and outstanding shares of Fission by way of a court approved plan of arrangement under the Canada Business Corporation Act. Fission shareholders will receive 0.1076 fully paid shares of Paladin for each Fission share held at the closing of the Transaction. The offer consideration represents: An implied value of C$1.30 per Fission Share An implied equity value of C$1,140M A 25.8% premium to the closing price of the Fission Shares on the TSX (C$1.03) on 21 June 2024 A 30.0% premium to the 20-day volume weighted average price of the Fission Sha
June 24, 2024
June 24, 2024 (Australian Mining) - Karora Resources has filed and mailed a management information circular for its upcoming annual general and special meeting, where shareholders will cast their vote for the proposed merger between Karora and Westgold Resources. In April, it was announced that Karora and Westgold would merge under an agreement in which Karora shareholders would receive $6.60 per share for a fully diluted equity value of $1.2 billion. If the merger is implemented, Westgold will take ownership over Karora’s Beta Hunt and Higginsville gold mines, both high-performing assets nestled in the same region as Westgold’s iconic Bluebird and Great Fingall mines. Westgold will also own the Lakewood gold mill near Kalgoorlie. The merger is set to create “a globally
June 21, 2024
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) (" Goldsource " or the " Company ") is pleased to announce that securityholders of Goldsource approved, at the special meeting of Goldsource securityholders held earlier today (the " Meeting "), the special resolution (the " Arrangement Resolution ") in respect of a statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Mako Mining Corp. (" Mako ") will acquire all of the issued and outstanding common shares of Goldsource (the " Arrangement "). The Arrangement Resolution was passed with approval by 97.41% of votes cast by Goldsource shareholders at the Meeting in person or by proxy, by 97.88% of votes cast by Golds
June 20, 2024
June 20, 2024 (Australian Mining) - The proposed merger between Red 5 and Silver Lake Resources has now been implemented. The merger was first announced in February this year, with Silver Lake shareholders set to receive 3.434 Red 5 shares for every Silver Lake share held. Now, Silver Lake has applied to be removed from the ASX. The merger comes with a slew of job movements. Previous Silver Lake managing director and chief executive officer (CEO) Luke Tonkin has been appointed to the same roles at Red 5. He will be supported by Red 5’s existing chief operating officer Richard Hay. Silver Lake chief financial officer (CFO) Struan Richards will retain his position as CFO of Red 5, as will Silver Lake corporate development officer Len Eldridge. Silver Lake group developmen
Company to Acquire 100% of Douay/Joutel with a Clear Path Forward Not for distribution to United States news wire services or for dissemination in the United States Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (" Maple Gold " or the " Company ") is pleased to announce the signing of a definitive conveyance and option agreement dated June 20, 2024 (the " Agreement ") with Agnico Eagle Mines Limited (" Agnico Eagle ") under which the parties intend to complete a restructuring transaction (the " Restructuring Transaction ") that will result in Maple Gold obtaining legal title and a 100% ownership interest in the multi-million-ounce 1 Douay Gold Project (" Douay ") and past-producing, high-grade Joutel Gold
VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. ( TSX:OSI.V ) ( NSX:OSN ) ( FSE:RSR1 ) ( OTCQX:OSIIF ) (" Osino " or the " Company ") provides an update on the expected conclusion of the regulatory process for the previously announced Yintai transaction in Namibia. Osino and the Namibian Competition Commission (“ NCC ”) continue to engage in the ordinary course of the NCC’s merger review process as the NCC considers the application of the previously announced statutory plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd (" Yintai ") will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the " Arrangement "). After receiving the
June 19, 2024
June 19, 2024 (Source: XM) JOHANNESBURG/ MELBOURNE, June 19 (Reuters) - JCHX Mining 603979.SS is close to concluding a deal to buy Zambia's Lubambe Copper Mine, two sources told Reuters, in the latest in a string of copper deals by Chinese companies intent on growing their control of the African copper mining industry. The Shanghai-listed mining services and contracting firm's deal to buy an 80% stake in Lubambe mine held by EMR Capital is now nearing completion, the sources said. JCHX's plans had almost been scuppered after cash-rich Abu Dhabi upstart International Resources Holding (IRH) had been poised to be an interloper after announcing its interest in the same assets earlier this year. IRH is a unit of the United Arab Emirates' most valuable company, International Holding C
June 17, 2024
Toronto, Ontario--(Newsfile Corp. - June 17, 2024) - Strategic Minerals Europe Corp. (CBOE CA: SNTA) (FSE: 26K0) (OTCQB: SNTAF) (" Strategic Minerals ") and IberAmerican Lithium Corp. (CBOE CA: IBER) (OTCQB: IBRLF) (" IberAmerican "), are pleased to jointly announce the entering into of an amended and restated business combination agreement (the " Amended and Restated BCA "), which amends and restates the business combination agreement entered into on March 19, 2024 among Strategic Minerals, IberAmerican and IberAmerican Resources Inc. (the " Original BCA "), pursuant to which IberAmerican shall acquire all of the issued and outstanding common shares of Strategic Minerals (the " Business Combination "). The Amended and Restated BCA amends, restates and supersedes the Original BCA in its e
June 14, 2024
June 14, 2024 (Source: BCI Minerals Limited) • BCI to sell Iron Valley assets to Mineral Resources and receive up to $72.6M. • Transaction delivers cash flow certainty to fund non-Mardie expenditure. • BCI will continue focus on safely delivering the Mardie Project. BCI Minerals Limited (ASX: BCI) (BCI or the Company) is pleased to announce that its wholly-owned subsidiary Iron Valley Pty Ltd (IVPL) has entered into a binding agreement to sell its Iron Valley iron ore assets to Polaris Metals Pty Ltd (Polaris), a wholly owned subsidiary of Mineral Resources Limited (MinRes) (ASX:MIN) (Transaction). The key terms of the Transaction are: • IVPL will receive $26.0M at completion of the Transaction (expected to be in July 2024), and a further payment of $12.5M contingent on commencem
June 14, 2024 (Source: Leo Lithium Limited) Highlights • Mali Government has conditionally approved the sale of the Company’s shares in the Goulamina holding company MLBV to Ganfeng. • Mali Government have issued two permits for the Goulamina operational phase including the power permit. • Capital gains tax of US$7.6 million paid for the initial 5% sale of MLBV to Ganfeng for US$65m.1 • Leo Lithium and Ganfeng are progressing the transfer of management responsibility of the Goulamina Lithium Project from Leo Lithium to Ganfeng with final documentation expected to be signed next week. • Leo Lithium will cease any involvement with Goulamina from a project, management and operational perspective on 13 November 2024 at the latest. Leo Lithium Limited (ASX:LLL) (Leo Lithium or the
June 13, 2024
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) (" Goldsource " or the " Company ") announces today that it has postponed by one week the Company's special meeting (the " Special Meeting ") of securityholders of the Company (the " Securityholders ") that was originally scheduled for Friday, June 14, 2024 to Friday, June 21, 2024 . At the Special Meeting, Securityholders will be asked to approve the arrangement between Mako Mining Corp. (" Mako ") and Goldsource, whereby Mako will acquire all of the issued and outstanding common shares of Goldsource by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (see news release dated March 26, 2024) (the " Arrangement ").