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AMEEREX Signs MOU to Acquire 45.6 Million-Ounce Silver-Gold Project in Nevada, Expanding Its North American Precious-Metals Portfolio
Accessnewswire· 2025-12-08 14:25
ATLANTA, GA AND DOHA, QA / ACCESS Newswire / December 8, 2025 / Ameerex Corporation (OTC:HIRU) ("Ameerex" or the "Company"), a natural-resources group owned and managed by high-profile Qatari investors, announces that it has signed a Memorandum of Understanding (MoU) to acquire a 100% interest in the Corcoran Canyon Silver-Gold Project in Nye County, Nevada. The NI 43-101 Technical Report for Corcoran Canyon outlines a substantial Inferred Mineral Resource totaling approximately 45.6 million silver-equivale ...
Focus Graphite Closes $3.9 Million Bought Deal Offering
Newsfile· 2025-12-08 14:01
Ottawa, Ontario--(Newsfile Corp. - December 8, 2025) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company") is pleased to announce that it has completed its previously announced "bought deal" offering (the "Offering"). The Offering was led by Research Capital Corporation as the sole underwriter and sole bookrunner (the "Underwriter").Pursuant to the Offering, the Company issued 9,273,410 units of the Company (the "Units") at a price of $0.42 per Unit, for aggregate gross pr ...
Foremost Clean Energy Announces Successful Completion of 2025 Drill Program and Commencement of Historic Core Sampling Program at its Jean Lake Gold-Lithium Project
Globenewswire· 2025-12-08 14:00
Assays Pending for 11 Holes; Strategic Re-Sampling Underway Adjacent to 102 g/t Gold Discovery on Unsampled IntervalsVANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce the successful completion of its 2025 diamond drill program at the 100%-owned Jean Lake Gold–Lithium Property (“Jean Lake”) located near Snow Lake, Manitoba. The program comprised 15 holes totaling 2,266 metres, with assay re ...
G Mining Ventures secures 20-year mining license for Oko West project in Guyana
Proactiveinvestors NA· 2025-12-08 13:38
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Dundee Corporation Announces Sale of New Found Gold Corp. Units for Up to C$159.1 Million
Globenewswire· 2025-12-08 13:21
Core Viewpoint - Dundee Corporation has entered into an agreement to sell 24,480,000 units at a price of C$4.00 per unit, resulting in gross proceeds of C$97,920,000, which will enhance its liquidity and support general corporate purposes [1][6][10]. Group 1: Sale Transaction Details - The sale will consist of one common share of New Found Gold Corp. and one-half of a common share purchase warrant per unit, with the warrants exercisable at C$5.00 for 12 months [1][4]. - The transaction is scheduled to close on or about December 16, 2025 [3]. - The sale of unit shares will occur through block trades in Canada and on a private placement basis in the U.S. [2]. Group 2: Financial Implications - If all warrants are exercised, total gross proceeds could reach C$159,120,000 [1]. - Post-transaction, Dundee will hold 12,242,569 common shares and 7,655,829 warrants of New Found, representing approximately 3.6% undiluted and 5.7% partially diluted interest [6][8]. - Prior to the transaction, Dundee held 36,722,569 shares, indicating a significant reduction in ownership percentage [8]. Group 3: Strategic Rationale - The transaction allows Dundee to redeploy capital into opportunities that enhance cash generation while retaining a meaningful stake in New Found's future growth [4]. - The proceeds will be used to improve liquidity and support corporate objectives [6][10]. Group 4: Regulatory and Reporting - Dundee will file an early warning report due to the decrease in its holdings below 10%, which will exempt it from certain reporting requirements unless holdings increase again [11]. - The securities sold will not be registered under U.S. securities laws, limiting their sale within the U.S. [5].
FCX CLASS NOTICE: Freeport-McMoRan Inc. Securities Class Action Lawsuit is Pending, Investors Notified to Contact BFA Law by January 12
Newsfile· 2025-12-08 13:08
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until January 12, 2026, to request to lead the case [4]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [5][6]. - The company had previously promoted its safety procedures, including the use of data and technology to prevent fatal incidents [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales, the stock fell by $7.69 per share (almost 17%) [8]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested the incident was preventable, further impacting investor confidence [11].
Olive Resource Capital Provides Update on Investments for November 2025
Newsfile· 2025-12-08 13:00
Core Insights - Olive Resource Capital Inc. reported a strong performance in November 2025, with significant increases in the values of gold and copper, leading to positive returns in their investment portfolio [3][4] - The company achieved a 126% increase in investment performance for the year 2025, recovering from losses in October [4] Investment Portfolio Summary - The total value of Olive's investment portfolio increased from $6.42 billion on December 31, 2024, to $14.53 billion by November 30, 2025, primarily due to stock price appreciation [3] - Key investments include: - Omai Gold Mines Corp.: Value decreased from $3.38 billion in September 2025 to $3.25 billion in November 2025 [3] - Sterling Metals Corp.: Value decreased from $1.63 billion in September 2025 to $1.25 billion in November 2025 [3] - Arizona Sonoran Copper Co.: Value increased from $581.4 million in September 2025 to $748.6 million in November 2025 [3] - Troilus Gold Corporation: Value increased from $610.68 million in September 2025 to $738.84 million in November 2025 [3] - The company holds 1 million common shares in treasury pending cancellation, with a total of 106,144,709 common shares outstanding [5] Market Context - The commodity complex experienced a strong month in November, with equities outperforming the underlying commodities, despite negative sentiment in the oil sector [3] - The company anticipates strong performance in the first months of the new year, which historically aligns with positive trends in the commodity market [4] Company Overview - Olive Resource Capital Inc. is a resource-focused merchant bank and investment company, primarily investing in natural resource companies at various stages of development [6]
Canamera Acquires Great Divide Basin Uranium Project in Wyoming
Accessnewswire· 2025-12-08 11:20
EDMONTON, AB / ACCESS Newswire / December 8, 2025 / Canamera Energy Metals Corp. (CSE:EMET)(OTCQB:EMETF)(FSE:4LF0) (the "Company" or "Canamera") announces that it has entered into an option agreement (the "Option Agreement") to acquire up to a 90% total interest (in stages as described below) in the Great Divide Basin uranium project (the "Project" or "GDB") located in Fremont and Sweetwater counties, Wyoming, USA. The Project comprises 104 unpatented mining claims covering approximately 2,080 acres in Wyom ...
Gold Royalty Announces US$70.0 Million Bought Deal Financing
Globenewswire· 2025-12-08 11:10
Core Viewpoint - Gold Royalty Corp. has announced a bought deal offering of 17,500,000 common shares at a price of US$4.00 per share, aiming to raise approximately US$70.0 million for funding an acquisition and general corporate purposes [1][3]. Group 1: Offering Details - The offering involves 17,500,000 common shares priced at US$4.00 each, totaling gross proceeds of about US$70.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising an extra US$10.5 million [2] - The closing of the offering is expected around December 11, 2025, subject to customary conditions and approvals [4] Group 2: Use of Proceeds - The net proceeds from the offering will primarily fund the acquisition of a royalty on the Pedra Branca mine from BlackRock World Mining Trust plc [3] - The Pedra Branca mine is an operational copper and gold mine in Brazil, currently owned by BHP Group Limited [3] - If the acquisition does not complete, the company may redirect the proceeds for general corporate purposes or other acquisitions [4] Group 3: Regulatory and Listing Information - The offering will be made in Canada (excluding Quebec and Nunavut) and is subject to regulatory approvals [5] - The common shares will be listed on the NYSE American, contingent upon meeting all listing requirements [8] - A registration statement has been filed with the U.S. SEC, and relevant documents are accessible on SEDAR+ and EDGAR [6][5]
DRC cobalt export conditions tighten with new quota and royalty rules
Yahoo Finance· 2025-12-08 10:33
Core Points - The Democratic Republic of Congo (DRC) has introduced new cobalt export conditions under a quota system to enhance control over cobalt, a critical battery mineral [1][2] - The DRC aims to increase state revenues and regulatory oversight by implementing a 10% royalty payment in advance and requiring compliance certificates from miners [2][3] - Export quotas have been set at 18,125 tonnes for Q4 2025 and 96,600 tonnes annually from 2026 [4] Export Procedures - New export procedures include mandatory quota verification, joint sampling, weighing, sealing of export lots, and issuance of a quota verification certificate by ARECOMS [3][4] - Exporters must pre-pay a 10% mining royalty within 48 hours of filing origin and sales declarations and secure a "liberatory receipt" before customs clearance [4][5] - All mineral shipments will undergo physical inspection and monitoring by multiple agencies [4] Industry Impact - Major producers like China's CMOC and Glencore have received the largest allocations under the new quota system [5] - The DRC's shifting export rules create uncertainty, with last-minute royalty demands and complex paperwork potentially leading to volatility in exports and prices [6] - The DRC has also launched traceable artisanal cobalt and partnered with Mercuria to market cobalt, copper, and other critical minerals [6]