MONTREAL – Champion Iron Limited announced on Sunday it has entered into an agreement to acquire Norwegian iron ore producer Rana Gruber ASA in a recommended cash tender offer worth approximately $289 million, securing financial backing from Caisse de dépôt et placement du Québec and Scotiabank. The Canadian miner said it will offer 79 Norwegian…
Price of gold has shattered records, blasting past $4,000 per troy ounce for the first time in history. This isn’t just a number; it’s a flashing neon sign pointing to the deep-seated anxiety gripping global investors. The precious metal’s incredible 53% surge this year is a direct response to a world fraught with geopolitical…
LONDON: Pensana PLC (LSE: PRE) announced Thursday it has signed a non-binding memorandum of understanding with Japan’s Toyota Tsusho Corporation for a rare earth offtake agreement, marking a key step in establishing a new sustainable supply chain. Under the proposed terms, Toyota Tsusho could purchase up to 20,000 metric tons per year of ultra-clean…