Warriedar Resources Ltd’s Post

We've received firm commitments to raise A$3.0 million via a Placement and a precommitment from our major shareholder and Non-Executive Chairman, Andy Greig, who will take up his full entitlement in the rights-issue. The placement, placed at $0.095 per share with one unlisted option for every two new shares, secured $2.55 million. Andy Greig's commitment of A$1.5 million, including his full rights entitlement, demonstrates strong confidence in our company's asset development plans and settles the outstanding A$1.0m debt facility he had loaned to the company in Q1-2024. We will also conduct an entitlement offer to eligible shareholders of one (1) new Share for every six (6) existing Shares, on the same terms and conditions as the Placement. The funds raised will be used to drive forward our Oropesa Tin Project through the Feasibility Study, securing the Robledallano tin smelter 5-year option, significantly progressing project permitting, and complete the current exploration activities at our Cleveland Tin project. Read the full ASX Announcement here: https://lnkd.in/gpnyU9mQ #ELT #Elementos #tin #ASX #ASXnews #MiningNews #resources

Great to have recently advised AIM-listed client Capital Metals plc on receipt of a strategic investment of £1.25 million from ASX-listed Sheffield Resources Ltd in return for 10% of the issued shares of Capital Metals. Corporate partner Sam Hudson led on the provision of legal advice. Capital Metals has also granted Sheffield Resources an option to make a further £844,000 investment into it over the next 12 months, as well as a 60-day co-exclusivity period with another investor to agree terms for the acquisition of up to 50% of its interests in the Eastern Minerals Project in Sri Lanka. More here: https://lnkd.in/dudNVZ9b #Metals #AIM #Deals

#StockBox #GMET StockBox Media spoke to Oliver Friesen, CEO Guardian Metal Resources following yesterday's RNS on the strategic financing, raising $2.75M through a direct subscription with the Company. Watch below ⬇ https://buff.ly/3SUmyDM ➡ Guardian Metal Resources secures $2.75M to accelerate project development and exploration, boosting their cash position significantly. ➡ The capital rise reprsent significant interest from North American investors, especially amid geopolitical tensions and resource security concerns. ➡ New funding enables continuous drilling at Pilot Mountain and exploration of exciting new targets like Garfield.

good news from Canada in late 2023 with Kinterra Capital, a Canadian private equity firm, closing its CAN$565 million debut fund dedicated to securing #criticalrawmaterials for battery development. The influx of private capital comes amid increasing government incentives into the sourcing and production of battery materials in North America #rawmaterials #capitalmarkets #investorrelations

#ASXNews COMPLETION OF ENTITLEMENT OFFER Poseidon Nickel Limited announced a pro-rata non renounceable entitlement offer on 1 August 2024. The offer was of one new fully paid ordinary share for every three shares held by eligible shareholders at an issue price of $0.003 per New Share, plus one free-attaching option to acquire a share for every three New Shares applied for. Entitlement Offer closed on 27 August 2024. The Entitlement Offer has raised a total of approximately $1.4 million before costs, including New Shares applied for under the Shortfall Offer, representing a total take-up rate of approximately 38%. The Company received valid applications under the Entitlement Offer for approximately 468,440,716 New Shares. See the full announcement: https://bit.ly/3zfhNxI #PoseidonNickel #MiningNews #ASX

CDN Maverick Capital Corp. has provided a corporate update encompassing significant developments regarding its projects, investments, and board and management changes. 🔎 Read the full update: https://loom.ly/HwZbl8c #Lithium #CompanyUpdate #PropertyPortfolio #Exploration #MineralExploration #CSE #OTC #CDN #AXVEF #CDNMaverick

Introducing a promising investment opportunity: a company now listing on the Toronto Stock Exchange, aiming for an initial raise of USD $1M. With plans to fund multiple drilling wells and generate $20M-$50M in annual revenue, this is a unique opportunity in the energy sector. Learn more about how you can get involved. #InvestmentOpportunity #TSX #EnergyInvestment

ZCCM INVESTMENTS HOLDINGS PLC RELEASES ABRIDGED PROVISIONAL UNAUDITED FINANCIAL STATEMENTS FOR 2023 ZCCM Investments Holdings Plc has unveiled its provisional financial statements for the fiscal year ending 31st December 2023, in accordance with the Securities Act No. 41 of 2016. These results encompass the performance of the Company and its subsidiaries, collectively referred to as the Limestone Resources Limited (A member of the ZCCM-IH Group). Overview of the ZCCM-IH Group’s Structure The ZCCM-IH Group encompasses nine companies, each contributing to its diversified portfolio: 1.Mopani Copper Mines Plc 2.Ndola Lime Company Limited (In liquidation) 3.Kariba Minerals 4.Misenge Environmental and Technical Services Ltd 4.Mushe Milling Limited (In liquidation) 1.Kabundi Resources… More Here https://lnkd.in/gzTHyrt3

Diamondback announced the merger of Diamondback and Endeavor Energy Resource creating a $50 billion worth of oil and gas company. The stock-and-cash deal valued Endeavor at around $26 billion. Already, deal volumes in the U.S. are up 78% compared with a year earlier, according to Dealogic. Pricier debt and a tighter regulatory environment crimped merger and acquisition activity in 2023, but many advisers expect a busier 2024 as companies put their extra cash to work and rates appear poised to come down. Read more on The Wall Street Journal: https://lnkd.in/g9cSSUx4

The Murchison Gold Project delivers a robust financial outcome, paying back start-up capital ($44M including contingency) in eight months post commissioning, delivering post-tax net cash flows of $348M, post-tax NPV8% of $202M and a post-tax IRR of 84% over the initial 9-year DFS production plan using a $3,250/oz gold price. Using the May 2024 spot #gold price of $3,500/oz the Project outcomes are even more substantial with payback in seven months, post-tax net cash flows of $413M, post-tax net NPV8% of $244M and a post-tax IRR of 100%. The financial model is based on recommissioning the existing Andy Well processing plant and assumes tax losses held by Meeka Metals Limited at the end of December 2023 of $30M. Learn more: https://loom.ly/3GSXVmA #MEK #MeekaMetals #ASX