LONDON — Jubilee Metals Group, a copper-focused producer in Zambia, said Friday it has signed a cooperation and project development agreement with Galileo Resources Plc to accelerate exploration and development at its Molefe Mine. The agreement gives Galileo the right to earn up to a 23.75% stake in the Molefe Mine holding company by funding…
PERTH: Bindi Metals Ltd. (ASX: BIM) announced Thursday it has entered into a binding agreement to acquire up to an 80% interest in the Ravni gold project in southern Serbia, a move that significantly expands its footprint in the highly prospective Raska mining district. The Ravni project spans 30.5 square kilometers and is located 30…
LONDON: Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region. The project, to develop new iron ore deposits in the West Angelas hub, has now received all necessary State and Federal…
MEDELLIN: Mineros S.A. (TSX:MSA, MINEROS:CB), a leading Latin American gold producer, has announced the successful acquisition of the remaining 80% interest in the La Pepa Project from Pan American Silver Corp. for approximately US$40 million. With this transaction, Mineros now holds 100% ownership of the advanced-stage gold exploration asset located in Chile’s prolific Maricunga Gold…
TORONTO: Wheaton Precious Metals™ Corp. said Thursday it will provide up to $400 million in gold stream financing to Carcetti Capital Corporation to support its proposed acquisition of the Hemlo Mine from Barrick Mining Corporation. The financing package includes Wheaton’s gold stream commitment, an estimated $415 million in equity financing, and $200 million in bank…
LONDON: Marula Mining PLC (AQSE: MARU, A2X: MAR), an African-focused mining and development company, has signed an amendment agreement to acquire 100% of Takela Mining Tanzania Limited, the owner and operator of the Kinusi Copper Mine in Tanzania’s Dodoma Region. The acquisition, made through Marula’s wholly owned subsidiary, Marula Mining Tanzania Limited (MMTL), will give…
LONDON: Guardian Metal Resources PLC (LON: GMET), a tungsten exploration and development company, said Monday it plans to offer ordinary shares or American Depositary Receipts (ADRs) in the United States and pursue a listing on a U.S. securities exchange. The offering is expected to be completed in the first half of 2026, with proceeds earmarked…
LONDON: Power Metal Resources PLC (AIM: POW, OTCQB: POWMF), a London-listed natural resources exploration company, said on Thursday it has signed a binding investment agreement to acquire up to 49% of Dubai-based Kingia FZCO, which will be renamed Minestarters, for up to £3 million in cash. Minestarters plans to launch a blockchain-enabled decentralised finance (DeFi)…
SYDNEY: Moonlight Resources Ltd., a 44.7% owned entity of Lithium Plus Minerals Ltd. (ASX: LPM), has agreed to acquire the Clermont Gold Project in Queensland from Diatreme Resources Ltd. (ASX: DRX), positioning itself for an initial public offering on the Australian Securities Exchange. The A$3.5 million transaction includes A$3.25 million in Moonlight scrip and A$250,000…
KARACHI: Oil and Gas Development Company Ltd (OGDCL) said its board has approved an increase in its committed expenditure for the Reko Diq copper and gold project to $715 million, up from a previous commitment of $627 million, following revised development and financing estimates. The revised funding commitment includes project financing costs and reflects updated…
PERTH: Medallion Metals Ltd. (ASX:MM8) has executed a binding Asset Sale Agreement with IGO Ltd. to acquire the Forrestania Nickel Operation (FNO), marking a major milestone in its strategy to become a gold and copper producer in Western Australia. Under the agreement, Medallion will obtain full legal and beneficial ownership of the FNO tenements, including…
LONDON: Orosur Mining Inc. said Thursday it has been notified that Newmont Mining Corporation has sold its approximately 9.4% stake in the company to several institutional long-term investors. The shares were sold at a price of C$0.19 per common share, according to a statement released by Newmont to the Toronto Stock Exchange after market close…