PERTH: Tusker Minerals Ltd (ASX: TSK) announced Tuesday it has entered into a binding agreement to sell its wholly owned Malawian subsidiary, Green Exploration Limited (GEL), to AuKing Mining Ltd (ASX: AKN) in a transaction valued at up to approximately $4.85 million. The deal transfers ownership of GEL, which holds a portfolio of exclusive prospecting…
PERTH — Viking Mines Ltd. announced Tuesday it has entered a binding agreement to acquire six tungsten projects in Nevada, a move designed to capitalize on soaring prices and U.S. efforts to build domestic supply of the critical mineral. The ASX-listed company will acquire 100% of the portfolio from U.S.-based BLK Group LLC through staged…
SYDNEY – Australian mining giant Fortescue Ltd (ASX: FMG) has entered a binding agreement to acquire the remaining 64% of Canadian miner Alta Copper Corp. (TSX: ATCU) it does not already own for C$1.40 per share in cash, the companies announced on Monday. The all-cash transaction values Alta Copper’s total equity at approximately C$139 million….
LONDON: Pensana (PRE.LSE) has concluded a US$100 million subscription by a Strategic Investor in support of the Company’s U.S. Mine-to-Magnet strategy. Under the agreement, the Strategic Investor has subscribed for 95,000,000 new ordinary shares of £0.001 each subject to confirmatory due diligence of the Longonjo project along with shareholder authorisation of the share issue and…
SYDNEY – Australian explorer Summit Minerals Ltd said on Tuesday it agreed to acquire the historic Keystone polymetallic mine in Nevada, a site with documented high-grade silver and tungsten mineralization, as it seeks exposure to critical and precious metals. The ASX-listed company signed a binding heads of agreement to purchase 100% of the Keystone Project,…
VANCOUVER – pH7 Technologies Inc., a pioneer in commercially scalable critical metal extraction solutions, today announced the initial closing of USD $25.6 million as part of its Series B financing round. The round was led by Fine Structure Ventures, with BHP Ventures joining as a key strategic investor. They were supported by Energy & Environment…
PERTH — Locksley Resources Ltd. said Monday it has entered into a research partnership with Columbia University to advance rare earth and critical minerals processing in the United States, expanding its mine-to-market strategy amid growing U.S. efforts to reduce reliance on Chinese supply chains. The agreement will fund a program led by Columbia’s Lenfest Centre…
PERTH – Australian exploration company Mount Ridley Mines Ltd said on Thursday it has appointed Allister Caird as its chief executive officer, effective immediately, to lead the development of its rare earth and critical minerals projects. Caird, a geologist with over 15 years of experience, joins from Locksley Resources Ltd, where he was head of critical…
MONTREAL – Nouveau Monde Graphite Inc has finalized a series of binding offtake agreements that cover nearly all of the planned production from its flagship Matawinie mine, a critical step that paves the way for a final investment decision on the Quebec project, the company said on Friday. The agreements, announced as G7 energy and environment…
SYDNEY – Resolution Minerals Ltd. (ASX: RML; OTCQB: RLMLF) announced Tuesday it has entered a binding agreement to acquire a processing mill and historic tungsten stockpiles in Idaho, a strategic move aimed at accelerating potential U.S. production of critical minerals antimony and tungsten. The acquisition targets the Johnson Creek Tungsten & Antimony Mill and the…
TORONTO – Almonty Industries Inc. (NASDAQ: ALM), a leading global producer of tungsten concentrate, said on Tuesday it will acquire the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana, marking a strategic expansion into the U.S. market amid rising defense and manufacturing demand. The deal, valued at US$9.75 million, includes US$750,000 in cash and…
PERTH – Australian exploration company Ragusa Minerals Ltd (RAS.AX) said on Wednesday it has executed a binding deal to acquire a controlling interest in U.S.-listed Pegasus Tel Inc (PTEL) and its Purple Pansy manganese-gold project in Arizona, tapping into Washington’s push to boost domestic supply of critical minerals. Ragusa will pay $195,303 for a 60.09%…