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FLSmidth signs agreement to sell its corporate headquarters for a total net cash gain of DKK 730 million
Globenewswire· 2025-06-17 10:45
Core Viewpoint - FLSmidth has entered into a share purchase agreement to sell its subsidiary owning land and buildings in Valby, Denmark, marking a significant transition as the company prepares to relocate its headquarters [1][2]. Group 1: Transaction Details - The expected net cash proceeds from the sale are approximately DKK 730 million, to be received in full upon closing of the transaction, anticipated at the end of Q1 2026 [2]. - The expected accounting gain from the transaction is around DKK 690 million [2]. - The transaction is subject to approval by the Danish Consumer and Competition Authority [2]. Group 2: Financial Implications - The net cash proceeds will be allocated according to the company's general capital allocation priorities and for general corporate purposes [3]. - The transaction does not alter FLSmidth's previously communicated financial guidance for the full year 2025 [3]. Group 3: Company Background - FLSmidth has been based in Valby, Copenhagen since 1899, with its current headquarters established in 1956 [1]. - The company plans to relocate to a new corporate headquarters at Havneholmen in Copenhagen, scheduled for late 2025 [1].
Why Freeport-McMoRan (FCX) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-06-16 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed alongsi ...
Buscar Company (CGLD) and the Eon Discovery Team have partnered with Mother Lode Mining to explore the potential of the Treasure Canyon Gold Mine, supported by a cutting-edge geological report
Prnewswire· 2025-06-16 10:00
Core Insights - Buscar Company has formed a strategic partnership with Mother Lode Mining, Ltd. to enhance its mining operations at the Treasure Canyon Gold Mine, which has an estimated 3.58 million troy ounces of gold equivalent valued at $11.99 billion [1][2] Strategic Partnership - The partnership with Mother Lode Mining, effective March 31, 2025, involves Dr. John Beagles overseeing the preparation of Phase 1 NI 43-101 and SEC-compliant SK-1300 reports, which will assess various valuable minerals [2] - These reports are expected to be completed in Q3 2025 and will include site planning, financial projections, and breakeven analyses to ensure compliance and transparency [2] Technological Innovation - Dr. Beagles is developing a proprietary Plasma Extractor System (PES) that could potentially increase gold recovery by 3 to 10 times, pending independent verification [3] Geological Report - A detailed geological report by Mars Mines Ltd confirms the significant potential of the Treasure Canyon project, reclassifying the deposits as Iron Oxide Copper-Gold (IOCG), indicating a rich association of valuable metals [4] - The report recommends further exploration methods such as soil geochemistry, magnetometry, and drilling to better understand the subsurface geology and expand the site's potential [4] Next Steps - On-site work is set to commence in mid-July 2025 to support the NI 43-101 report, with a commitment to sustainable mining practices and job creation [5] - The Phase 1 reports will guide advanced exploration and the potential integration of the Plasma Extractor System [5] Company Overview - Buscar Company is a diversified holding company focused on natural resources, sustainable technologies, and pharmaceuticals, with operations managed by its subsidiary Eon Discovery Inc. [6] - The company aims to drive growth and deliver shareholder value through innovation and diversification, following a strategic evolution that included a reverse merger in 2020 [6]
Placing and Subscription to raise £2,712,000
Globenewswire· 2025-06-16 06:00
Core Viewpoint - Vast Resources plc has successfully raised gross proceeds of £2,712,000 through a subscription and placing of new ordinary shares, aimed at enhancing its operational capabilities and financial support for ongoing projects [2][3]. Fundraising Details - The fundraising consists of a subscription for 60,571,428 new ordinary shares and a placing of 714,285,713 new ordinary shares at a price of 0.35p per share [2]. - The funds raised will be allocated for the primary beneficiation of diamond parcels, supporting a new technical team, and general working capital [3]. Admission and Share Capital - Applications will be made for the new ordinary shares to be admitted to trading on AIM, with the first admission expected around 19 June 2025 [4]. - Following the first admission, the total issued share capital will increase to 3,172,178,785 ordinary shares, with subsequent admissions raising it to 3,513,875,213 and 3,886,464,498 shares [6]. Company Overview - Vast Resources plc is an AIM-listed mining company with operations in Romania, Tajikistan, and Zimbabwe, focusing on advancing high-quality mining projects [9]. - The company owns the Baita Plai Polymetallic Mine in Romania, which has a JORC compliant resource report indicating a total mineral resource of 15,695 tonnes copper equivalent [10]. - In Tajikistan, Vast has a joint venture for the Takob Mine, providing a 12.25% royalty on sales, and is also managing the Aprelevka gold mines, aiming to increase production [13][14].
Atico Mining Files Amended and Restated Rights Offering Circular and LIFE Offering Document
Globenewswire· 2025-06-13 22:30
Core Viewpoint - Atico Mining Corporation is conducting a Rights Offering and a LIFE Offering to raise a total of approximately $8,536,592 to support its operations and financial commitments [3][4]. Group 1: Offerings Details - The Rights Offering aims to raise gross proceeds of up to approximately $5,336,592, while the LIFE Offering is expected to generate up to approximately $3,200,000 [3]. - The amended Offering Documents include a term sheet with Trafigura PTE. Ltd. regarding an amendment and extension of the existing secured credit agreement [2][3]. - The Offering Documents will be available on SEDAR+ and the company's website for prospective investors [4]. Group 2: Company Overview - Atico Mining Corporation focuses on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project in Ecuador [6].
Osisko Metals Announces Completion of Continuance to Ontario
Globenewswire· 2025-06-13 21:01
Company Overview - Osisko Metals Incorporated is a Canadian exploration and development company focused on critical metals, particularly copper and zinc [3] - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023, which is located in Québec's Gaspé Peninsula [3] - The Gaspé Copper mine hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes grading 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes grading 0.38% CuEq [3] Recent Developments - Effective June 13, 2025, the company has continued its operations from British Columbia to Ontario, adopting new articles and by-laws approved by shareholders on May 29, 2025 [1][2] - The company is also advancing the Pine Point project, one of Canada's largest past-producing zinc mining camps, through a joint venture with Appian Capital Advisory LLP [4] - The Pine Point project has current Indicated Mineral Resources of 49.5 million tonnes at 5.52% ZnEq and Inferred Mineral Resources of 8.3 million tonnes at 5.64% ZnEq [4]
Western Uranium & Vanadium Closes Bought Deal Financing of CAD $5 Million
Globenewswire· 2025-06-13 20:30
Core Viewpoint - Western Uranium & Vanadium Corp. has successfully closed a bought deal private placement financing, raising approximately CAD $5,025,018 through the issuance of 5,911,786 units at CAD $0.85 per unit, each consisting of one common share and one warrant [1][2]. Group 1: Financing Details - The offering consisted of 5,911,786 units, with each unit priced at CAD $0.85, resulting in total gross proceeds of approximately CAD $5,025,018 [1]. - Each warrant is exercisable for one common share at a price of CAD $1.05 for a period of four years from issuance [1]. - The offering was conducted under exemptions from the registration requirements of the U.S. Securities Act and applicable Canadian securities laws, with no units issued to investors in Canada [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding production capabilities and mining at the Sunday Mine Complex, developing minerals processing facilities, and acquiring uranium/vanadium properties near existing production centers [2]. Group 3: Related Party Transactions - The CEO and President of Western, George Glasier, subscribed for 117,647 units in the offering, which is classified as a related-party transaction [4]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the size of Glasier's participation [4]. Group 4: Underwriting and Fees - Western entered into an underwriting agreement with A.G.P. Canada Investment ULC, which acted as the sole underwriter and bookrunner [5]. - The underwriter received a cash commission of 7% on the aggregate proceeds and 206,913 broker warrants, subject to a four-month hold [5]. Group 5: Company Overview - Western Uranium & Vanadium Corp. is focused on ramping up high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah [8].
Sociedad Química y Minera De Chile: From The Atacama Desert To The World's Electric Cars
Seeking Alpha· 2025-06-13 15:25
Core Insights - Sociedad Química y Minera de Chile (SQM) plays a crucial role in the global energy transition by producing lithium, which is essential for powering cellphones, electric vehicles, and energy storage systems [1]. Company Overview - SQM is not just a mining company; it is integral to the supply chain of lithium, a key component in modern technology and renewable energy solutions [1]. Industry Context - The demand for lithium is expected to rise significantly due to the increasing adoption of electric vehicles and the need for energy storage solutions, positioning SQM favorably within the industry [1].
‘We're still early' - Americans have barely begun rotating into gold, silver, and the miners – Van Eck and Sprott CEOs
KITCO· 2025-06-12 20:28
Group 1 - The documents mention various precious metals including gold, platinum, and silver, indicating a focus on investment products related to these commodities [1][2] - The reference to "ETF" suggests that the articles may discuss exchange-traded funds that are linked to the performance of these metals [1][2] - The specifications for the metals include purity levels such as 999.9 for gold and silver, and 999.5 for platinum, which are important for investors assessing quality [1][2] Group 2 - Ernest Hoffman is identified as a Crypto and Market Reporter with extensive experience in market news, indicating a potential focus on the intersection of cryptocurrency and traditional commodities [3] - The articles do not provide specific market data or trends, but the mention of a reporter with a background in economic news suggests that insights into market movements may be available [3]
FSM Buys 15% of Awale Resources to Boost Cote d'Ivoire Exploration
ZACKS· 2025-06-12 17:21
Core Insights - Fortuna Mining Corp. (FSM) has acquired 15,037,593 common shares of Awalé Resources Limited, securing a 15% stake, which aligns with its long-term growth strategy to enhance its exploration pipeline in Côte d'Ivoire [1][7] - The acquisition was made through a non-brokered private placement at a price of $0.399 per share, totaling $6 million [2][7] Strategic Portfolio Optimization - FSM has been actively optimizing its portfolio, recently closing the sale of its interest in Roxgold Sanu and three other subsidiaries to Soleil Resources International Ltd., resulting in no longer holding a stake in the Yaramoko Mine [3] - In April 2025, FSM sold its non-core San Jose mine in Mexico, and with the sale of Yaramoko, it will cease operations in Burkina Faso, focusing on its Séguéla mine in Côte d'Ivoire, Lindero mine in Argentina, Caylloma mine in Peru, and Diamba Sud Gold Project in Senegal [4][5] - The decision to sell the Yaramoko mine was influenced by its limited remaining life and challenging operating conditions, providing additional liquidity to focus on strategic objectives [5] Financial Performance - Following the recent transactions, FSM's first-quarter cash and short-term investments have exceeded $380 million, with liquidity surpassing $530 million, and approximately $50 million in capital being reallocated [5] - FSM's shares have appreciated by 41% over the past year, significantly outperforming the industry average growth of 1.4% [6]