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Incentive Program for the Conversion of BDRs into Shares
Globenewswire· 2025-10-02 11:00
ROAD TOWN, British Virgin Islands, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (NASDAQ: AUGO; B3: AURA33) (“Aura” ou “Companhia”) Announces to the holders of the Company’s Brazilian Depositary Receipts ("BDRs") the launch of the Incentive Program for the conversion of BDRs into common shares (“Incentive Program”), under which holders may request the conversion of their BDRs (“AURA33”) into the underlying common shares (“AUGO”) listed on Nasdaq (“common shares”), at a ratio of three to one, without ...
Aura Announces Intention to Delist from Toronto Stock Exchange
Globenewswire· 2025-08-04 12:00
Core Viewpoint - Aura Minerals Inc. intends to voluntarily delist its common shares from the Toronto Stock Exchange (TSX) following its recent listing on Nasdaq, aiming to consolidate trading in the U.S. equity market and improve stock liquidity [1][2]. Group 1: Delisting Announcement - The company has completed its listing on Nasdaq on July 16, 2025, and is now pursuing the delisting from TSX [2]. - The delisting is subject to review and approval from TSX and the Comissão de Valores Mobiliários (CVM) in Brazil [1]. - The decision considers ongoing fees and expenses associated with maintaining a TSX listing and the availability of an alternative market on Nasdaq [2]. Group 2: Impact on Stakeholders - The change will not affect the rights of holders of Brazilian Depositary Receipts (BDRs) listed on B3, which will continue to be supported by common shares listed on Nasdaq, pending CVM approval [2]. - Aura emphasizes a holistic approach to mining, considering the impacts and benefits to all stakeholders, including shareholders, employees, and communities [3]. Group 3: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with five operating assets including gold and copper mines in Honduras, Brazil, and Mexico [4]. - The company also owns several gold projects in Guatemala, Colombia, and Brazil, with varying stages of development [4].
Red Metal (RDM) Conference Transcript
2025-07-23 02:50
Summary of Red Metal (RDM) Conference Call - July 22, 2025 Company Overview - Red Metal (RDM) has approximately 360 million shares on offer at a price of 12¢, resulting in a market capitalization of about $43 million [1] - The company currently holds around $4.9 million in cash, which is expected to fund various upcoming programs [2] Key Projects and Opportunities Rare Earths Project - Sybella - The Sybella project is located 20 km southwest of Mount Isa, featuring a granite body with rare earth mineralization estimated at 4.8 billion tonnes [4] - The project includes 780 million tonnes of weathered material, which is easy to process [5] - A column leach test will be conducted to confirm the extraction process, which is expected to yield 70-80% of rare earths using a weak acid solution [6][7] - The low operational and capital expenditure (CapEx and OpEx) positions this project as one of the most cost-effective rare earth projects globally [5] Base Metals and Gold Projects - Several base metal and gold drilling programs are set to commence in August and September, including a project along strike from the Hemi gold discovery [11][12] - The Hemi discovery has a significant market value, and successful drilling could lead to a substantial increase in Red Metal's share price [12] Additional Projects - The Pulkadimada project aims to explore granite-hosted intrusion-related systems, with funding from BHP for sedimentary copper plays [14] - A $250,000 grant from the Queensland government will support exploration for hematite breccias in Queensland, which is a rare find in the region [16][17] - Red Metal owns 44% of Maranen Metals, which is expected to release a scoping study on a significant silver-lead and copper-gold deposit soon [19] Market Position and Future Outlook - The company believes that any successful outcome from the outlined projects could lead to a significant rerating of its stock [2][10] - Comparisons are made with other companies in the sector, such as Metioric, which has a market cap of $200-300 million, highlighting the potential for Red Metal's valuation to increase significantly [9][10] Conclusion - Red Metal is positioned for potential growth through multiple projects in the rare earths and base metals sectors, with a strong focus on cost-effective extraction methods and strategic partnerships [2][19] - The upcoming results from the column leach tests and drilling programs are critical for the company's future valuation and market perception [10][18]
Aura Minerals Inc. Announces Results of 2025 Annual General Meeting of Shareholders
Globenewswire· 2025-06-16 23:02
Group 1 - Aura Minerals Inc. held its Annual General Meeting of Shareholders on June 16, 2025, via live webcast [1] - The voting results for the election of directors showed high approval rates, with Paulo de Brito receiving 99.943% of votes in favor [3] - KPMG LLP was appointed as the auditors of the Company with 99.978% of votes in favor for their remuneration to be fixed by the board [4] Group 2 - Aura Minerals is focused on the development and operation of gold and base metal projects in the Americas [6] - The Company operates five assets: Minosa gold mine in Honduras, Almas, Apoena, and Borborema gold mines in Brazil, and Aranzazu copper, gold, and silver mine in Mexico [6] - Additional projects include Era Dorada in Guatemala, Tolda Fria in Colombia, and three projects in Brazil: Matupá (under development), São Francisco (in care and maintenance), and Carajás copper project (in exploration phase) [6]
Aura Releases 2024 Sustainability Report
Globenewswire· 2025-06-05 22:19
Core Insights - Aura Minerals Inc. released its 5th Annual Sustainability Report, highlighting progress in safety, responsibility, sustainability, and innovation across eight ESG pillars [1][3] - The report is prepared in accordance with Global Reporting Initiative (GRI) standards, ensuring transparency in financial, environmental, and social performance [1] Production and Financial Growth - In 2024, Aura increased production from 236,000 to 267,000 gold equivalent ounces, driven by operational excellence and strategic expansions [3] - The company achieved a 90% adherence to the World Gold Council's Responsible Mining Principles [3] Safety and Environmental Practices - Aura maintained an exemplary safety record with only one lost-time accident in 24 months [3] - Innovative environmental practices were implemented, such as grey water treatment at Borborema [3] Community and Economic Development - The company invested R$6.1 million in targeted economic and social development initiatives [5] - Aura sourced an average of 40% of purchases from local suppliers, stimulating regional economic growth [5] Diversity and Workplace Culture - Aura was recognized for advancing gender equity and supporting female talent at its Apoena unit [5] - The company earned a 78% favorability score in its first organizational climate survey, achieving Great Place to Work certification across all units [5]