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Carolina Rush Partners with OceanaGold on the Brewer Gold-Copper Project
Newsfile· 2025-09-16 13:00
Core Viewpoint - Carolina Rush Corporation has entered into an Earn-In Option Agreement with OceanaGold Corporation for the Brewer Gold-Copper Project, allowing OceanaGold to earn an 80% interest through staged investments totaling US$20 million for exploration and property purchase [1][4]. Agreement Structure - The agreement allows OceanaGold to earn a 50% interest by funding US$8 million by December 31, 2027, and an additional 30% interest by funding another US$12 million by December 31, 2030, for a total of 80% interest [3][4]. - The agreement includes a provision for OceanaGold to exercise Carolina Rush's underlying Brewer Option at any time before it expires on December 31, 2030, which includes assuming historical environmental liabilities [4]. Joint Venture and Operations - Upon earning a 50% interest, a 50:50 joint venture will be formed, with Carolina Rush as the initial operator and a 10% unallocated cost allowance [4][5]. - If OceanaGold exercises the Brewer Option before spending the total US$20 million, Carolina Rush will be carried until that amount is spent [4]. Shareholder Approval - The agreement is contingent upon Carolina Rush shareholder approval, which will be sought at a Special Shareholder Meeting on October 21, 2025 [4][5]. - If approved, OceanaGold will advance US$150,000 for pre-drilling expenses and commit to a minimum of US$1.5 million within 12 months [4]. Company Background - Carolina Rush Corporation is focused on the Brewer Gold-Copper Project in South Carolina, which is underexplored and has potential for both near-surface and deeper mineralization [6]. - The Brewer Project is located 13 km from OceanaGold's Haile Gold Mine, which has a production guidance of 170,000-200,000 ounces of gold for 2025 [6].
Waratah Minerals (WTM) Earnings Call Presentation
2025-07-23 02:30
Company Overview - Waratah Minerals (ASX:WTM) has 234 million shares on issue[6] - The share price was A$0.29 as of July 17, 2025, resulting in a market capitalization of A$67.7 million[6] - The company had A$9 million in cash at bank as of May 27, 2025[6] - Board and Management hold 11.2% of the fully diluted shares[6] - Top 20 shareholders own 50.7% of the company[6] Spur Project Highlights - The Spur Gold-Copper Project is located in the Cadia-Spur district, surrounded by major mining companies[12, 14] - The project has a district-scale land position and untapped geological potential[12, 15] - The company has a clear exploration strategy targeting wallrock-hosted epithermal-porphyry settings[20] - Drilling results include 11m @ 10.82 g/t Au from 154m (SPRC002), 89m @ 1.73 g/t Au, 0.08% Cu from 115m (SPRC007), and 196m @ 0.54% CuEq, 0.35% Cu, 0.23 Au g/t from 1m (BZD001)[18] - Extensive shallow epithermal gold has been identified at surface[28] - Porphyry Cu-Au mineralization has been intersected at Breccia West, including 84m @ 0.62% CuEq, 0.40% Cu, 0.26g/t Au from 29m (BZD001)[42, 46] Investment Highlights - The company is exploring for world-class gold-copper deposits[3] - The company has an experienced team with a track record of discovery[3, 7] - The company is strategically positioned in a major gold-copper district[3] - The company has achieved discovery 'Proof of Concept' with epithermal-porphyry gold-copper mineralization[3]
美国IPO一周回顾及前瞻:上周有9家企业IPO(中概股3家),5家企业递交申请
Sou Hu Cai Jing· 2025-07-21 10:04
Group 1: Recent IPO Activity - Six companies, led by two mining firms, went public in the U.S. last week, including three blank check companies [1] - Aura Minerals plans to raise $210 million with a market cap of $2.1 billion, primarily generating revenue from gold and some copper [1] - Almonty Industries aims to raise $75 million with a market cap of approximately $1.5 billion, focusing on tungsten production for the defense industry [1] - Majestic Ideal Holdings, a Chinese supply chain management company, raised $15 million but saw a significant drop in share price, closing down 45% [1][2] Group 2: Upcoming IPO Filings - Three companies submitted initial filings last week, each planning to raise over $100 million: Bullish, Miami International, and Heartflow [2][3] - Avidbank, a California-based commercial bank, filed for a $70 million IPO [3] Group 3: Upcoming IPO Outlook - NIQ Global Intelligence plans to raise $1.1 billion with a market cap of $6.5 billion, serving as a leading provider of consumer intelligence [4][7] - Accelerant aims to raise $550 million with a market cap of $4.2 billion, operating a data-driven risk exchange for professional insurance [5][7] - McGraw Hill plans to raise $500 million with a market cap of $4 billion, focusing on educational publishing and digital learning solutions [5][7] - Carlsmed, a medical technology company, plans to raise $101 million with a market cap of $430 million, specializing in spine surgery solutions [6][7]
Troilus Files Environmental and Social Impact Assessment for the Troilus Copper-Gold Project
Globenewswire· 2025-06-25 11:00
Core Viewpoint - Troilus Gold Corp. has filed the Environmental and Social Impact Assessment (ESIA) for its Troilus Copper-Gold Project, marking a significant milestone in the project's development and advancing it towards construction [1][2]. Group 1: Project Development - The ESIA submission is the result of over five years of baseline studies, technical evaluations, and community engagement, positioning Troilus as one of the largest undeveloped gold and copper projects in North America [2]. - The project is now entering the provincial and federal review process, with final decisions expected by the end of 2026 [6]. Group 2: Environmental and Community Engagement - The ESIA was developed in collaboration with leading environmental and engineering firms, which is expected to streamline the permitting timeline [5]. - Extensive community consultations were conducted with local Indigenous groups, shaping project design and mitigation strategies [10]. Group 3: Project Details - Troilus Gold Corp. holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt and aims for a large-scale 22-year, 50,000 tons per day open-pit mining operation [8]. - Independent studies confirm that the project's waste rock is non-acid-generating, significantly reducing environmental risks [10].