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Arizona Copper and Gold Ltd. and Core Nickel Corp. Announce Closing of Concurrent Financings
Newsfile· 2025-11-26 22:54
Core Points - Arizona Copper and Gold Ltd. and Core Nickel Corp. have successfully closed their concurrent brokered private placements, raising a total of $3,191,450 through the issuance of 2,659,421 Subscription Receipts at a price of $1.20 each [2][3][4] Financing Details - The financing round saw strong participation from insiders, with management and the board of ACG investing over $1 million, totaling more than $4 million in insider investments [3][10] - The Concurrent Offerings included 1,297,168 ACG Subscription Receipts raising $1,556,601 and 1,362,374 Core Nickel Subscription Receipts raising $1,634,849 [4][6] Proposed Transaction - The Concurrent Offerings are part of a proposed business combination where Core Nickel will acquire all outstanding securities of ACG, resulting in a reverse takeover [4][9] - Upon completion of the Proposed Transaction, each Subscription Receipt will convert into one common share of Core Nickel and one purchase warrant, with an exercise price of $1.50 for three years [5][6] Use of Proceeds - The net proceeds from the Concurrent Offerings are intended to fund exploration activities at the Eagle Project and for general corporate purposes [9] Agent Compensation - The agents involved in the Concurrent Offerings will receive a cash fee of $151,623, which is 6% of the gross proceeds, along with 126,352 Broker Warrants [8]
World Copper Announces Appointment of Mark Lotz As CEO
Newsfile· 2025-11-26 22:34
Core Insights - World Copper Ltd. has appointed Mark Lotz as the new Chief Executive Officer and President, effective November 24, 2025, bringing 30 years of experience in public practice and senior management across various industries [1] Company Overview - World Copper Ltd. is a Canadian resource company headquartered in Vancouver, BC, with detailed information available on its website and social media platforms [2]
Proposed Teck-Anglo merger is subject to national security review, Canada says
Yahoo Finance· 2025-11-26 20:52
By David Ljunggren and Divya Rajagopal OTTAWA (Reuters) -Canada will submit the proposed merger of Anglo American and Teck Resources to a national security review, Industry Minister Melanie Joly said on Wednesday. Joly also said Ottawa would come to a final decision in the coming months. "The national security review for any transaction is always part of the process... so we're following the process," she told reporters from South Korea via a teleconference. Shares of Teck were up 1% in midday trade ...
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Teck Shareholders Vote “FOR” the Merger of Equals with Anglo American
Globenewswire· 2025-11-26 19:19
Core Viewpoint - Teck Resources Limited's Board of Directors unanimously recommends shareholders vote "FOR" the merger with Anglo American plc, highlighting significant benefits and value creation opportunities for shareholders [1][2]. Summary by Sections Merger Recommendation - Independent proxy advisory firms ISS and Glass Lewis have recommended that Teck shareholders vote "FOR" the merger, affirming the Board's view that this merger is the best path forward for all stakeholders [1][2]. - The merger is positioned as a unique opportunity to create a global critical minerals champion with increased scale and a strong portfolio of copper and critical minerals assets [2]. Shareholder Voting - Teck shareholders of record as of October 20, 2025, are encouraged to vote "FOR" the merger before the proxy voting deadline of December 5, 2025, at 11:00 a.m. PST [3]. Support for the Merger - The merger has unanimous support from the Teck Board and significant backing from major shareholders, including Temagami Mining Company Limited and SMM Resources Incorporated, representing approximately 79.8% of issued and outstanding Teck Class A common shares [7]. Strategic Benefits - ISS noted that the merger makes strategic sense due to anticipated synergies and benefits, with expectations of increased liquidity and a stronger financial position for the combined company [6]. - Glass Lewis emphasized the strategic merits of the merger, suggesting it positions the combined entity as a financially stronger producer with meaningful upside from operational integration [6]. Regulatory and Approval Process - The merger is subject to shareholder approvals and customary closing conditions, including regulatory approvals under the Investment Canada Act and other jurisdictions [5].
Rio Tinto to sell US boron assets
MINING.COM· 2025-11-26 18:04
Core Viewpoint - Rio Tinto is planning to sell its boron assets in California as part of its strategy to simplify operations under new CEO Simon Trott, with the sale expected to generate up to $2 billion [1][6]. Group 1: Company Strategy - The sale of the boron mine aligns with Rio Tinto's efforts to reorganize its operations into three divisions and review its minerals unit, which includes borates [5]. - The company has been focusing on maximizing earnings from its core businesses, primarily iron ore, copper, and aluminum [5]. Group 2: Asset Details - Rio Tinto's California boron assets include a mine and processing operations in the Mojave Desert, a refinery and shipping facility in Los Angeles, and the Owens Lake mining operation [1]. - These assets account for approximately 30% of global boron demand [2]. - The California boron mine has been operational for nearly 100 years and is a leading producer of borates and boron chemicals, with reserves expected to support production through the early 2040s [4]. Group 3: Market Context - Boron is utilized in various industrial applications, including fertilizers, glass and ceramics manufacturing, fiberglass insulation, and strengthening metal alloys [3]. - The U.S. has recognized boron as a critical mineral, highlighting its importance in economic and national security-related products [3]. Group 4: Sales Process - Rio Tinto has engaged UBS Group AG and JPMorgan Chase to assist with the sales process, which is anticipated to commence within the next two weeks [6]. - Potential bidders for the boron assets are likely to include private equity firms and chemical producers [6].
X @Bloomberg
Bloomberg· 2025-11-26 17:20
ISS recommends investors vote in favor of Anglo's combination with Teck next month, the second shareholder advisory firm to support the mining deal https://t.co/sING4hZgKh ...
Triple Flag: A Precious Metals Compounder At A Reasonable Price
Seeking Alpha· 2025-11-26 16:08
Group 1 - The article discusses the offerings of Alluvial Gold Research, which provides in-depth research on undervalued miners with upcoming catalysts to enhance portfolio performance [1] - Taylor Dart, the leader of Alluvial Gold Research, has over 16 years of trading experience, focusing on precious metals developers, producers, and royalty/streaming companies [1] - Subscribers to Alluvial Gold Research gain access to current portfolios, real-time buy/sell alerts, and proprietary sentiment indicators for gold and silver miners [1] Group 2 - The analyst has a beneficial long position in shares of TFPM, TFPM:CA, AEM, and AEM:CA through stock ownership, options, or other derivatives [2] - The article expresses the author's opinions and does not involve compensation from companies mentioned [2] Group 3 - The writing is for informational purposes and does not constitute financial or investment advice [3] - Position sizing is emphasized as critical in the volatile precious metals sector, recommending that small-cap precious metals stock positions should be limited to 5% or less of one's portfolio [3]
X @Bloomberg
Bloomberg· 2025-11-26 15:58
Rio Tinto is seeking to divest its US assets that produce boron, a critical mineral used in various applications ranging from fertilizers to glass making, say people familiar with the matter https://t.co/mBK2JD1KnU ...
X @Wendy O
Wendy O· 2025-11-26 13:28
BTC proxy $CANG is now listed on NYSEPreviously listed on Nasdaq; now successfully converted previous American Depositary Shares (ADS) into ordinary shares on the NYSE at a 1:2 ratioOne of the fastest-growing mining companies in the industry, Cango has achieved a 6,773 BTC reserve in just 9 months@Cango_Group has achieved 50 EH/s of hashpower, ranking among the global top three.Cango has continuously improved its operational efficiency, raising hash-rate efficiency from 81% in July to around 93%, and achiev ...
X @Bloomberg
Bloomberg· 2025-11-26 13:18
The Democratic Republic of Congo is yet to authorize a resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, according to a government regulator https://t.co/hlIQjz7HmY ...