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Grafton Resources Enters into Framework Agreement to Acquire Exclusive Option to Acquire 100% of the Alicahue Copper Project in Chile
Thenewswire· 2025-10-28 13:15
Core Viewpoint - Grafton Resources has entered into a framework agreement to acquire an option for a 100% interest in the Alicahue Copper Project in Chile, which is considered a significant copper discovery opportunity in a world-class mining jurisdiction [1][2] Project Overview - The Alicahue Copper Project spans 3,500 hectares at an altitude of approximately 1,700 meters, located 140 km north of Santiago and near major mining operations [2] - The project area has not undergone systematic copper exploration until recent years, with historical stream sediment anomalies indicating potential [2][3] - Initial exploration has revealed copper values up to 407 ppm and gold values up to 130 ppb in stream sediments [2] Geological Potential - Geological mapping has identified potential for bulk disseminated copper mineralization and high-grade Cu-Au-Ag IOCG-shear zones [4] - The project is situated in the southern projection of the Paleogene metallogenic belt of Chile, which hosts large porphyry deposits [5] Option Agreement Terms - The option agreement includes a five-year timeline for exploration, requiring a total of US$4,000,000 in exploration expenditures over the first four years [7] - The agreement outlines cash and share payments totaling US$150,000 over the first two anniversaries of the definitive agreement [8] Concurrent Financing - Grafton Resources plans a concurrent private placement to raise between US$2,000,000 and US$3,000,000 through the issuance of units priced at $0.50 each [9] - Proceeds will be allocated to acquisition costs, exploration activities, and general corporate purposes [10] Insider Participation - Insiders of the company are expected to participate in the concurrent offering, which may be considered a related party transaction [11]
Midnight Sun Closes Oversubscribed C$30,475,575 "Bought Deal" LIFE Offering
Newsfile· 2025-10-28 12:46
Core Viewpoint - Midnight Sun Mining Corp. has successfully closed an upsized "bought deal" financing, raising gross proceeds of C$30,475,575, which includes the full exercise of the Underwriters' Option [1][2]. Financing Details - The Offering involved the issuance of 22,574,500 units at a price of C$1.35 per unit, conducted on a prospectus-exempt basis under the LIFE Exemption [2]. - The Offering was led by Haywood Securities Inc. as the lead underwriter, along with a syndicate of underwriters including Beacon Securities Limited, Red Cloud Securities Inc., and SCP Resource Finance LP [3]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.00 until October 28, 2027 [4]. Use of Proceeds - The net proceeds from the Offering will be allocated towards advancing exploration projects in Zambia and for general working capital and corporate purposes [5]. Underwriter Compensation - The Company paid the Underwriters a cash commission of 6.0% of the gross proceeds and issued transferable compensation options equal to 6.0% of the total units sold [7]. Regulatory Approval - The Offering is subject to final approval from the TSX Venture Exchange [8]. Company Overview - Midnight Sun is focused on exploring its flagship Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [10].
Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-10-28 11:00
Highlights • Assays reported for a further 17 drill holes for 5,556m of diamond drilling.• Results received are consistent and confirm mineralisation in the Target areas with Cu grades in line with and in some cases above the average mineral resource estimate (“MRE”):• Best intercepts received are as follows:• HM96:40m @ 0.37% Cu (4 to 44m) 116m @ 0.36% Cu (228 to 344m)• HM76:50m @ 0.33% Cu (102 to 152m) 7m @ 0.37% Cu (216 to 223m)• HM78:36m @ 0.33% Cu (86 to 122m)• HM79:96m @ 0.31% Cu (74 to 170m)• HM81:1 ...
Giant Mining Applauds Trump and White House Move to Bolster U.S. Copper; Majuba Hill Poised to Benefit
Thenewswire· 2025-10-28 07:05
Core Viewpoint - Giant Mining Corp. supports the White House's proclamation aimed at providing regulatory relief to U.S. copper smelting facilities, which is seen as a step to enhance American mineral security and reduce dependence on foreign processing [1][6]. Regulatory Relief - The proclamation extends compliance timelines by two years for specific stationary sources, which helps preserve critical U.S. copper processing capacity amid rising strategic demand [4]. - The White House's action is intended to avoid near-term disruptions at designated U.S. smelters while maintaining environmental oversight [6]. Company Position - The CEO of Giant Mining emphasizes the importance of American copper and supports policies that responsibly advance domestic copper supply [5]. - The company is committed to responsible resource development to ensure long-term U.S. mineral independence and applies best practices in exploration and environmental management [7]. Project Overview - Giant Mining's flagship asset is the Majuba Hill Copper-Silver-Gold Project located in Nevada, which is recognized as a mining-friendly jurisdiction [10]. - The project spans 9,684 acres and is well-supported by existing infrastructure, providing significant cost advantages [7]. - Historical production and extensive drilling (approximately 89,395 feet) indicate the project's potential, with a replacement value of drilling estimated at USD 12.1 million [7]. Market Demand - The growing global demand for critical metals, driven by initiatives like the Green New Deal, necessitates substantial amounts of copper, silver, and gold for electric vehicles and renewable energy infrastructure [8].
Volatility Is Back! (So, Do This…)
Forbes· 2025-10-24 18:10
Market Overview - The current market is characterized by high volatility across various asset classes, including equities, precious metals, and meme stocks, prompting investors to seek opportunities and strategies to cope with the fluctuations [1][2] - The podcast features insights from experts discussing the factors driving price action, including rising private-credit risk, an options-trading boom, and AI-driven market rallies [2] Precious Metals - Gold has experienced a strong momentum-driven uptrend since early 2024, maintaining levels above the 50-day moving average, with a recent nine-week breakout indicating a potential for healthy consolidation [12][13] - Gold reached an intraday peak of $4,381 before closing at $4,120, while silver peaked at $53.76 and closed at $47.93, indicating significant price movements [11] Copper Industry - Southern Copper Corp. (SCCO) is one of the largest integrated copper producers, with a favorable outlook for copper prices driven by global electrification and energy transition demands [14][15] - The explosive growth of AI is creating new demand for copper, particularly in energy-intensive data centers, alongside the increasing copper requirements for electric vehicles and renewable energy infrastructure [16] - Long-term copper supply is constrained due to declining ore grades, which have decreased by approximately 40% since 1991, leading to higher operational complexities and costs for producers [17] - SCCO maintains a strong financial profile with high profitability and robust cash flow, projecting a 15% annual growth rate in earnings per share, potentially reaching $8.97 within five years [18]
Harmony Gold Mining completes MAC Copper acquisition
Yahoo Finance· 2025-10-24 14:15
Harmony Gold Mining has completed the acquisition of MAC Copper, the proprietor of the high-grade CSA copper mine in New South Wales, Australia. The deal was completed through its wholly owned subsidiary, Harmony Gold (Australia). This acquisition, first announced in May 2025, was executed on 24 October through a Jersey law Scheme of Arrangement. Harmony purchased all of MAC's securities at a price of $12.25 per share, resulting in a total equity valuation of $1.01bn (£756.7bn). The transaction was fin ...
X @Bloomberg
Bloomberg· 2025-10-24 12:20
China’s CMOC plans to invest as much as $1.08 billion at one of its copper mines in the Democratic Republic of the Congo, after third-quarter profit almost doubled https://t.co/01X5DLB2ff ...
XXIX Metal Corp. Thanks Chapais Residents for Active Participation in Opemiska Project Consultations
Newsfile· 2025-10-24 10:00
XXIX Metal Corp. Thanks Chapais Residents for Active Participation in Opemiska Project ConsultationsOctober 24, 2025 6:00 AM EDT | Source: XXIX Metal Corp.Highlights:XXIX met with Chapais citizens and Chapais City Council on October 21 and 22 as part of its voluntary pre-consultation process.Opemiska is a transformative project for Chapais and the region, with estimated investments of over C$3.5 billion over ~20 years.XXIX to continue with open dialogue and citizen engagement with upcoming the ...
Solis Minerals secures option to acquire 100% of Cucho copper project - ICYMI
Proactiveinvestors NA· 2025-10-24 03:44
Core Viewpoint - Solis Minerals Ltd has secured the right to acquire up to 100% of the Cucho Copper Project in Peru, starting with a 75% interest and a pathway to full ownership [1][4]. Project Details - The Cucho Copper Project is located 40 km from the coast and near major export infrastructure, which facilitates access and development [2][7]. - The project area has low agricultural use and minimal nearby communities, making it potentially straightforward for development [2][7]. Geological Indicators - Surface geochemical indicators are widespread across the site, with historical drilling from 2014 showing significant copper mineralization across seven holes and over 2,000 meters drilled [3][8]. - The results from historical drilling are consistent with operating projects in the region, and there are attractive untested geophysical and geochemical anomalies present [3][8]. Exploration Plans - The company plans a 90-day exploration phase that includes permitting, surface sampling, and a drone magnetic survey, with drilling expected before the end of 2025 [4][11]. - Other assets, including Chancho, El Pollo, and Canyon, remain active, with additional assays pending and Canyon expected to be drill-ready by mid-2026 [4]. Strategic Focus - The acquisition of Cucho is seen as a strong addition to the company's portfolio, with the aim of maximizing discovery potential across multiple projects [8][11]. - The company intends to maintain a broad exploration portfolio to enhance the chances of significant copper-gold discoveries [11].
Cyprium Metals strengthens board as Nifty Copper project progresses - ICYMI
Proactiveinvestors NA· 2025-10-24 03:18
Core Insights - Cyprium Metals Ltd has announced new board appointments and updates on the Nifty Copper Complex development, indicating a strategic shift towards operational readiness [1][2] Company Developments - Jim Simpson and Amber Banfield have been appointed as non-executive directors, with Simpson bringing extensive experience in copper operations and Banfield specializing in ESG and sustainability [2][8] - The company has completed a capital raise to support the restart of the cathode project at Nifty, emphasizing the importance of both funding and skilled personnel in the mining sector [7][8] Nifty Copper Complex Development - A four-phase development plan for the Nifty restart has been outlined, including relining ponds, commissioning heaps, and preparing for full operational readiness [3][10] - Current work includes environmental infrastructure improvements, such as relining ponds and restoring drainage systems for leachate collection and stormwater management [3][12] Upcoming Milestones - Key upcoming events include a shareholder AGM in about one month and formal project sanctioning by the board [4][13] - Investors can expect ongoing updates regarding the Nifty project, including developments related to the attached sulfide resource and other assets in the portfolio [4][15]