Horizon Minerals has signed a significant new joint venture deal aimed at developing and mining two open pits at its Phillips find #gold project in WA’s Goldfields in a bid to cash in on record high prices. $HRZ BML Ventures Pty Ltd #BULLSNBEARSWA The West Australian
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via Mining.com.au Dynamic Metals Limited has entered into a binding term sheet for a ‘landmark’ $20 million #lithium-focused farm-in and joint venture agreement with HoldCo, a wholly owned subsidiary of Mineral Resources. MinRes is guarantor of the initial cash payments, under which the company will, subject to the satisfaction of certain conditions precedent, sell 40% of all lithium mineral rights held by Dynamic on the Widgiemooltha tenement package for $5 million cash consideration. #DYM was advised by Hamilton Locke for the MinRes transaction. From completion, HoldCo and Dynamic will form a 40:60 unincorporated joint venture. HoldCo has the ability to increase its stake to 65% by sole funding an additional $15 million of exploration expenditure on the tenements over the 4 years following completion. Learn more: https://loom.ly/wfdSHLI #DynamicMetals #ASX
Dynamic JV deal with MinRes subsidiary - Mining.com.au
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CuFe Ltd (ASX:CUF) might be on the verge of some dividends from its royalty interest in the Crossroads Gold Project, situated in Kalgoorlie and operated by Northern Star Resources Ltd (ASX:NST). The interest, held via CuFe's wholly owned subsidiary Jackson Minerals Pty Ltd, includes a 2% net smelter royalty over mining lease M24/462. Northern Star recently secured approval from the Department of Mines, Industry Regulation and Safety (DEMIRS) for a mining proposal to extract up to 2.67 million tonnes (MT) of ore over a 36-month period, set to start in the second half of 2024. CuFe's royalty interest, acquired through Jackson Minerals in 2009, could become a significant revenue source once Northern Star’s mining operations commence. The majority of ore extraction is expected in years two and three following initial pre-stripping activities. More at #Proactive #ProactiveInvestors #ASX #CUF #Gold #Mining #PreciousMetals http://ow.ly/GZ01105v2ZS
CuFe eyes royalties from Crossroads Gold Project as operator Northern Star approaches production
proactiveinvestors.com.au
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McEwen Mining Inc. (TSX:MUX, NYSE:MUX) shares fell more than 5% after the company announced a US$16.1 million financing. The gold and silver producer said proceeds from the private placement financing will be used to fund continued exploration and development at its Fox Complex in the Timmins region of Ontario. Under Part 1 of the financing, McEwen Mining said it would place 788,000 flow-through shares at US$9.27 each in a private placement for proceeds of US$7.3 million. Part 2 of the financing consists of a US$8.8 million private placement of 1,115,000 flow-through shares at a price of US$7.86. The company noted that proceeds of the financing will be used exclusively for qualifying Canadian exploration expenditures (CEE) and Canadian development expenditures (CDE). The company’s shares ended Wednesday 5.2% lower at C$9.77. More at #Proactive #ProactiveInvestors http://ow.ly/IR6b1053jR0 #TSX #NYSE #MUX
McEwen Mining shares decline on US$16.1M financing agreement
proactiveinvestors.com
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via Bulls N' Bears with Matt Birney Dynamic Metals Limited has inked a landmark $20 million joint venture agreement with a 100 per cent-owned subsidiary of mining giant Mineral Resources Limited to sell up to 80 per cent of the #lithium rights at its Widgiemooltha project in Western Australia’s Goldfields region. The news immediately resonated with #ASX punters, with the company’s share price charging up to as high as 31c this morning from a previous close of 16c – a jump of more than 93 per cent. Under the terms of the deal, MinRes will pay #DYM an initial $5 million, broken down into an immediate $400,000 sign-on fee, $3.6 million on completion of the transaction and a deferred $1 million payment on July 1 next year. Learn more: https://loom.ly/nw792N4 #DynamicMetals #ASX
Dynamic inks transformative lithium deal with MinRes
thewest.com.au
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The mining sector is beginning to recognise the value in strategic partnerships - an optimal path for miners to access and de-risk high-quality resources, bring them into production and share in the economics. Ora Gold Limited #gold #investing https://bit.ly/4c7At0M
Strategic Partnerships Pave Path to Production, Early Cash Flow
investingnews.com
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TNR Gold Corp. (TSX-V:TNR, OTC:TRRXF) reported the latest developments in the Los Azules copper, gold, and silver project in San Juan, Argentina, through an update provided by #McEwenMining Inc (TSX:MUX, NYSE:MUX). TNR Gold holds a 0.4% net smelter returns royalty on the Los Azules copper project, which was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence in 2022. McEwen Mining's recent update indicated 18 drill rigs on site and over 18,000 meters of drilling completed, representing over a third of the planned meters for the current campaign. McEwen Copper, a subsidiary of McEwen Mining, aims to develop Los Azules as one of the world's largest undeveloped copper projects. More at #Proactive #ProactiveInvestors #TSXV #OTC #TNR #TRRXF http://ow.ly/ZNZX105624o
TNR Gold announces progress in Los Azules copper project with McEwen Mining update
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KIN Mining NL (ASX:KIN) is progressing a planned #merger with PNX Metals Limited (ASX:PNX) and this strategic consolidation will create a robust, diversified Australian mineral resources business with #gold, #silver, base metals and #uranium assets in Tier-1 jurisdictions as well as a new name – Patronus Resources Ltd. Patronus will have total mineral resources of more than 1.4 million ounces of gold, 16.2 million ounces of silver and 177,000 tonnes of zinc, a market cap of ~A$92 million, cash and liquid investments of ~A$84 million and no debt. Providing plenty of upside is a strong platform of projects with near-term expansion potential and a pipeline of exploration assets in Western Australia and the Northern Territory in gold and silver, base metals and uranium. More at #Proactive #ProactiveInvestors #MiningAustralia #GoldMining #SilverMining #UraniumMining http://ow.ly/TamX105EnK4
Kin Mining creating diversified resources company called Patronus Resources through PNX merger
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G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) Makes Top TSX Gainer List on Brazil Acquisition #miningstocks #miningnews #mining #Brazil Investorideas.com- News that inspires big investing ideas September 9, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a go-to platform for big investing ideas for traders, including mining stocks reports on trading for G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF). GMIN is currently anchored by the Tocantinzinho Gold Project in Brazil and Oko West Project in Guyana, both mining friendly and prospective jurisdictions. The stock made the TSX top gainer list today on news, currently trading at $8.73, up .83, daining 10.44%, with a day's high of $8.80. G Mining announced today that it has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited (ASX: BHP, NYSE: BHP, LSE: BHP, JSE: BHG). This includes the CentroGold Project. In consideration for the acquisition, GMIN will grant BHP a 1.0% NSR royalty on the first 1 million ounces of gold produced at the tenements and a 1.5% NSR royalty on gold production thereafter (the "Transaction").
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) Makes Top TSX Gainer List on Brazil Acquisition
investorideas.com
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Lawyer | Partner at Baker McKenzie | Energy Mining Infrastructure | Master in Business Law | Mining Law Professor |
Codelco, Chile’s leading copper producer, is contemplating a $500 million acquisition of a 10% stake in Teck’s Quebrada Blanca copper mine, currently held by state mining firm Enami. This move, aligns strategically for both entities: Codelco would gain a significant, long-term copper asset, while Enami could enhance its financial stability and partially fund a new smelter. Despite Enami's minority, non-dilutable stake in Quebrada Blanca, it retains unique advantages, such as preferred dividends without the obligation to finance capital expenditures. Enami, which suffered a $200 million loss in 2023, views this transaction as a potential relief from its financial difficulties, exacerbated by the halted Paipote smelter. The Quebrada Blanca mine, a major low-cost copper operation in northern Chile, has seen production soar, primarily due to the QB2 expansion. Codelco's history of successful alliances and ventures, including copper and lithium projects, underlines its strategic expansion efforts, exemplified by its recent acquisition of Lithium Power International.
Codelco eyes 10% stake in Teck’s QB copper mine - MINING.COM
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***Filo Corp News*** The Filo del Sol project is an open-pit copper, gold, and silver mine in Chile's Atacama region, owned by Filo Mining, part of the Lundin Group. The Josemaria project is a large-scale copper-gold-silver mine in Argentina, owned and operated by Lundin Mining’s subsidiary Desarrollo de Prospectos Mineros S.A. Lundin Mining acquired Josemaria in April 2022 through the purchase of Josemaria Resources Inc. · BHP and Lundin Mining Corporation will acquire Filo Corp. for approximately C$4.1 billion. · Both companies will hold a 50% stake in Filo Corp. and the Filo del Sol (FDS) copper project. · They will form a 50/50 joint venture for the FDS and Josemaria projects in the Vicuña district of Argentina and Chile. · The acquisition offers Filo Corp. shareholders a premium on their shares. · This partnership aligns with BHP's strategy to invest in early-stage copper projects and leverage complementary skills. · The joint venture aims to develop a significant copper district, benefiting from shared infrastructure and accelerated development. · This move shows renewed confidence in the Argentinian government. · The transaction is expected to close in the first quarter of 2025. · BHP and Lundin Mining will equally fund an interim share placement of C$115 million. · The share placement will support Filo Corp.'s ongoing exploration and working capital needs. Further reading: https://lnkd.in/dYKPGB6m #mining #copper #coppermining #miningnews #exploration #miningprojects
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