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Aeris Resources Limited (ARSRF) Discusses Equity Raise, Balance Sheet Strength, and Growth Strategy Including New Project Developments Prepared Remarks Transcript
Seeking Alpha 2025-11-08 15:56
Core Viewpoint - Aeris Resources has successfully raised $80 million, becoming debt-free and strengthening its financial position with $62 million in cash on hand. Group 1: Operational Overview - The company operates two mines: the Tritton copper mine in New South Wales, targeting approximately 24,000 tonnes of copper metal for FY '26, and the Cracow Gold Mine in Queensland, producing around 40,000 ounces of gold [2]. - The Jaguar mine is currently in care and maintenance, while the Stockman project in Victoria is also part of the company's development pipeline [3]. Group 2: Financial Position - The recent equity raise allowed the company to repay a $40 million facility, resulting in a debt-free status [3]. - The closing cash balance as of the first quarter is reported to be $62 million [3]. Group 3: Shareholder Dynamics - Washington Soul Pattison's stake has been diluted to 26% as part of the equity raise process [4].
Stock news for investors: RBI earnings rise as Tim Hortons and international growth boost results
MoneySense 2025-10-31 05:50
Transaction Details - Northern Superior's shareholders will receive 0.0991 of an Iamgold share and 19 cents in cash for each common share, valuing Northern Superior shares at $2.05 based on Iamgold's closing price on October 17 [1] - Iamgold will also distribute all shares in ONGold Resources Ltd. currently held by Northern Superior to its shareholders [1] - Iamgold will acquire Mines D'Or Orbec Inc. in a stock-and-cash deal valued at $17.2 million, with Orbec shareholders receiving 6.25 cents and 0.003466 of an Iamgold share for each share held, equating to a value of 12.5 cents per share [2] Parkland Corp. Financial Performance - Parkland Corp. reported a third-quarter profit of $129 million, an increase from $91 million a year ago, with profit per diluted share rising to 73 cents from 52 cents [4][9] - On an adjusted basis, Parkland earned $1.02 per diluted share compared to 60 cents in the same quarter last year [5] - Sales and operating revenue totaled $7.35 billion, up from $7.13 billion a year earlier [5] Wealthsimple Capital Raise - Wealthsimple is raising up to $750 million in capital to accelerate growth, which will bring its valuation to $10 billion upon completion [8] - The equity round includes a $550 million primary offering and a secondary offering of up to $200 million, co-led by Dragoneer Investment Group and GIC [8][9] - Wealthsimple's assets under administration reached $100 billion, roughly doubling from a year ago [10] Cameco and Brookfield Partnership - Cameco shares rose over 20% following a partnership agreement with Brookfield Asset Management to help build nuclear reactors in the U.S. [11] - The U.S. government will arrange financing and facilitate approvals for at least $80 billion worth of new Westinghouse nuclear reactors [12] - Cameco's CEO highlighted the expected growth in demand for nuclear power and the role of Westinghouse's reactor technologies in expanding nuclear capacity [13]
X @BSCN
BSCN 2025-08-13 15:40
RT BSCN (@BSCNews)馃毃 BITMINE GOES ALL IN ON $ETH$20B ATM equity raise. Target: 5% of Ethereum鈥檚 total supply.Here鈥檚 how they plan to pull it off 猬囷笍https://t.co/njR0CizFcw ...
X @BSCN
BSCN 2025-08-13 11:40
RT BSCN (@BSCNews)馃毃 BITMINE GOES ALL IN ON $ETH$20B ATM equity raise. Target: 5% of Ethereum鈥檚 total supply.Here鈥檚 how they plan to pull it off 猬囷笍https://t.co/njR0CizFcw ...
X @BSCN
BSCN 2025-08-13 08:31
馃毃 BITMINE GOES ALL IN ON $ETH$20B ATM equity raise. Target: 5% of Ethereum鈥檚 total supply.Here鈥檚 how they plan to pull it off 猬囷笍https://t.co/njR0CizFcw ...
FireFly Metals Ltd Announces C$25.8 (~A$28.8) Million Canadian Bought Deal Financing and C$41.2 (~A$46.0) Million Australian Equity Raise
Globenewswire 2025-06-04 20:18
Core Viewpoint - FireFly Metals Ltd has announced agreements for two significant capital raising initiatives, the Canadian Offering and the Australian Offering, aimed at funding the Green Bay Copper-Gold Project in Newfoundland, Canada. Group 1: Canadian Offering - FireFly has entered into an agreement with BMO Capital Markets to purchase 30,000,000 ordinary shares at C$0.86 (A$0.96) per share, generating gross proceeds of C$25.8 million (approximately A$28.8 million) [1] - An option has been granted to BMO Capital Markets to purchase an additional 10% of the offering for overallotments and market stabilization purposes [1] - The Canadian Offering is expected to close around June 20, 2025, pending necessary regulatory approvals [2] Group 2: Australian Offering - Concurrently, FireFly has an agreement with Canaccord Genuity to raise approximately A$46.0 million through an Australian Offering, which includes a charity flow-through placement of A$11.2 million and an institutional placement of A$29.9 million [3] - A retail share purchase plan (SPP) of up to A$5 million will also be undertaken, with the potential for oversubscriptions [3] - The Flow-Through and Placement are expected to close around June 13, 2025, with the SPP to follow [3] Group 3: Use of Proceeds - The net proceeds from both offerings will primarily fund expenditures at the Green Bay Copper-Gold Project, including underground development, resource extension, infill drilling, and exploration [4] - Additional funds will cover transaction costs and working capital [4] Group 4: Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project, which includes the Ming underground mine and Little Deer exploration project [6] - The project currently hosts a Mineral Resource of 24.4 million tonnes (Mt) of Measured and Indicated Resources at 1.9% for 460,000 tonnes (Kt) CuEq and 34.5 Mt of Inferred Resources at 2% for 690 Kt CuEq [6] - The company aims to grow its copper-gold Mineral Resource significantly, supported by a 130,000-meter diamond drilling program [6] Group 5: Additional Projects - FireFly holds a 70% interest in the Pickle Crow Gold Project, with an Inferred Resource of 11.9 Mt at 7.2 g/t for 2.8 million ounces (Moz) of gold [7] - The company also has a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia [7]