Mitsubishi invests $20M in Marimaca Copper for 5% stake
Marimaca Copper (TSX: MARI) has secured a $20-million investment from Mitsubishi Corp. that will give the Japanese firm a 5% stake in the junior. Proceeds of the investment, which comes…
Financial Matters, M&A
Lithium One Metals and Norris Lithium to merge
Deal combines two parallel lithium exploration portfolios focused on the active and high-profile James Bay lithium belt in Quebec.
Albemarle to buy Lithium Power’s Australian unit
The miner scrapped the planned demerger of its Western Australian lithium assets in favour of a $21 million (A$30m) sale of the three projects to the US giant.
Avalon stock surges on $63M investment, joint venture with Sibelco
Avalon Advanced Materials (TSX: AVL; US-OTC: AVLNF) is partnering with Antwerp-based SCR-Sibelco NV to advance its lithium exploration projects in Ontario and its plans to build a lithium-hydroxide processing facility….
Vale said to decide on base metals sale worth billions next week: Brazilian paper
Vale (NYSE: VALE), the world’s largest nickel producer, is said to be deciding next week on the sale of a minority stake of its base metals business to automakers, pension…
Pembridge Resources in trading halt as it seeks liquidation
The trading of Pembridge Resources’ shares (LSE: PERE) came to a halt on Thursday after the embattled miner said the board had decided to place the firm into creditors’ voluntary…
Glencore bid for Teck faces stiff Canuck rules, pride as mining M&A activity triples
Glencore (LSE: GLEN) faces an uphill battle to buy Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) because of Canadian nationalism despite surging mergers and acquisitions in the critical minerals space. The…
American Eagle shares soar on Teck investment updraft
American Eagle Gold (TSX: AE; US-OTC: AMEGF) shares jumped nearly 50% on Monday on news that Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) is buying a 15% stake in the British…
American Pacific adds Centerra Gold to roster of prospecting partners
Canadian exploration outfit American Pacific Mining (CSE: USGD; US-OTC: USGDF) on May 2 agreed to buy privately held Clearview Gold in a deal valued at $5 million, thus adding a…
Gold Fields buys half of Osisko’s Windfall high-grade gold project in Quebec
Gold Fields (NYSE: GFI; JSE: GFI), the eighth-largest miner by market value, has joined with Osisko Mining (TSX: OSK) to back the Windfall gold project in Quebec, one of Canada’s…
Newmont touts Goldcorp synergies as clock ticks on Newcrest takeover bid
As an exclusive four-week due diligence period for Newmont (NYSE: NEM; TSX: NGT) to assess the Newcrest Mining (TSX: NCM; ASX: NCM) data room draws to a close, Newmont says…
Teck takes restructuring plan off the table ahead of vote
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two — a base metals and a coal…