De Beers sales drop to US$315M amid search for new owner
De Beers’ sales of rough diamonds fell for the second time this year, with the Anglo American (LSE: AAL) unit recording a provisional US$315 million, down from US$383 million in…
Financial Matters, M&A
E3 Lithium study pegs Alberta project cost at $2.5B
E3 Lithium (TSXV: ETL; US-OTC: EEMMF) says its Clearwater project with Canada’s largest resource of the battery metal will cost US$2.5 billion to build in the same oilfields where Alberta’s petroleum…
Agnico boosts stake in Maple Gold as companies end Quebec JV
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has raised its stake in Maple Gold Mines (TSXV: MGM) to just under 20% after the companies ended their 50-50 joint venture at…
Paladin Energy to acquire Fission Uranium for $1.1B in all-stock deal
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has agreed to be acquired by Australia’s Paladin Energy (ASX: PDN; US-OTC: PALAF) in an all-stock agreement valued at about $1.1 billion. The acquisition…
Gowest Gold to go private in deal that includes China-based investors
Citing tough financing markets, Canadian gold explorer Gowest Gold (TSXV: GWA) has agreed with a group of existing shareholders that collectively hold 91.5% of the company’s outstanding share capital to…
SQM and Talga team up on Aero lithium project in Sweden
SQM (NYSE: SQM), the world’s second largest lithium producer, has inked an earn-in agreement with battery anode and advanced materials company Talga Group (ASX: TLG) to jointly advance the Aero lithium…
Sacked Nickel 28 CEO repays $3.2M
The CEO of a Canadian company with a small stake in a Papua New Guinea (PNG) nickel-cobalt mine is repaying about $3.2 million in shares and resigning from the board…
Nevada Copper on the auction block after filing for bankruptcy
Vancouver-based Nevada Copper (TSX: NCU) has started a sales process as a part of a restructuring announced this week, which included filing for bankruptcy and halting its Pumpkin Hollow copper…
Ottawa diverts $3M rare earths sale from Chinese firm in ‘case of elevated interest for Canada’
The federal government has brokered the sale of $3 million in stockpiled rare earths mined in the Northwest Territories by Vital Metals (ASX: VML), the company said Monday, as Canada…
Canada’s Cornish Metals to sell Nickel King asset
Cornish Metals (TSXV: CUSN; LSE: CUSN) is selling its Nickel King property in the Northwest Territories to Northera Resources for up to US$6 million to focus on advancing its flagship…
De Beers plans return to marketing roots as split from Anglo American looms
De Beers, which created the global market for diamond engagement rings through its “A Diamond is Forever” campaign, is shifting back to its marketing roots as its parent company Anglo…
American Creek gains on $210M sale of Treaty Creek stake in BC
Shares in American Creek Resources (TSXV: AMK) shot up Friday on the news it entered into a non-binding letter of intent with private company Cunningham Mining to acquire all of…