PERTH: Gateway Mining Ltd. (ASX: GML) has acquired an 80% stake in the Glenburgh South Gold Project, a 620-square-kilometer tenement in Western Australia’s Gascoyne region, adjacent to Benz Mining Corp’s high-grade Glenburgh Project. The acquisition positions Gateway alongside one of the most active gold exploration corridors in the state, with early signs of mineralisation mirroring…
PERTH: Chariot Corporation Ltd. announced plans to acquire a 66.7% stake in a portfolio of lithium projects in Nigeria through a joint venture with Continental Lithium Limited. The deal, valued at $1.5 million in cash and 42 million shares, positions Chariot as a key player in Africa’s burgeoning lithium sector. The portfolio spans 254 square…
SYDNEY: Downer EDI Limited said Tuesday it has agreed to sell its 49% stake in the Keolis Downer joint venture to French transport operator Keolis Group, in a move that sharpens Downer’s strategic focus and simplifies its portfolio. The transaction values the joint venture at $132 million on an enterprise basis. Downer is set to…
LONDON: Getech, a global leader in subsurface resource location, has announced the incorporation of HyMaroc Limited, a 50:50 joint venture with transition energy company Sound Energy plc, aimed at unlocking natural hydrogen and helium resources in Morocco. The formation of the subsidiary follows the successful completion of a regional screening study conducted under an Exploration…
PERTH: Evion Group Ltd. (ASX: EVG) has finalized a deal to deliver its first shipment of expandable graphite to a major U.S. supply chain company, marking a significant step in the company’s efforts to position itself as a reliable, non-Chinese source of critical minerals. The 80-metric-tonne shipment, valued at approximately A$400,000, will be dispatched over…
SYDNEY: Australian helium exploration company D3 Energy Ltd. (ASX: D3E) has acquired two exploration permits in South Australia’s Arckaringa Basin, broadening its footprint in the growing helium and hydrogen sector. The acquisition, completed through the purchase of Unleash Energy Pty Ltd., includes exploration permits PEL 121 and PEL 122. The Arckaringa Basin has become an…
LONDON: Sound Energy, a transition energy company, has signed an exclusive term sheet with renewable energy specialist Gaia Energy Ltd. to develop up to 270 megawatts of solar power capacity across multiple sites in Morocco, the company announced Tuesday. The proposed joint venture will leverage Morocco’s liberalized medium-voltage (MV) grid, targeting at least 10 locations…
TORONTO: Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQB: GALKF) has signed a binding term sheet with Ocean Partners UK Limited to form a joint venture for the high-grade Omagh Gold Project in County Tyrone, Northern Ireland, the company announced. Under the agreement, Ocean Partners will exchange approximately $14 million (GBP £10.3 million) in existing…
LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million, the company announced today. The deal, structured through the issuance of 14,560,691 new ordinary shares in Pinewood.AI at 386.5 pence per share, values the joint…
West Fraser Timber Co. Ltd. (NYSE: WFG) and Mercer International Inc. (NASDAQ: MERC) have mutually agreed to dissolve their joint venture in Cariboo Pulp and Paper. Following the dissolution, West Fraser will emerge as the sole owner and operator of the mill, now known as Cariboo Pulp and Paper Company. The Cariboo Pulp and Paper mill,…
LONDON, UK: DG Innovate (LSE: DGI), a leader in sustainable mobility and energy storage R&D, has announced a Memorandum of Understanding with EVage Automotive Pvt. Ltd., an Indian electric vehicle company. The MoU outlines the formation of a joint venture to produce DG Innovate’s Pareta® e-drives in Chandigarh, India. The proposed joint venture, 60% owned…
PARIS: Renault Group and Volvo Group have announced the completion of their joint venture, Flexis SAS, marking a significant leap in the production of next-generation electric vans. The new venture, which follows the binding agreements signed on October 6th, 2023, has received all necessary regulatory approvals and is poised to revolutionize urban logistics with its…