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.
M&A, Financing and Restructuring
Hudbay Minerals, Copper Mountain shareholders approve merger
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC) shareholders have approved the resolutions required to complete their planned merger. The deal hands Hudbay the Copper Mountain…
Glencore bids for Teck Resources coal unit
Glencore (LSE: GLEN) confirmed on Monday it had approached Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) with a proposal to buy the Canadian miner’s steelmaking coal business, in the latest…
Franco-Nevada grows royalty on Marathon Gold’s Valentine project
Gold royalty and streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) is buying an additional 1.5% net smelter returns royalty (NSR) on Marathon Gold‘s (TSX: MOZ) Valentine project for US$45 million ($60 …
New Alternative Minimum Tax measures a death knell to junior finance
The recently announced changes to the Alternative Minimum Tax (AMT) calculation effective in 2024 have sent shockwaves through the finance industry, raising concerns about their impact on junior finance and…
Petra Diamonds sells half its stake in Williamson mine
Petra Diamonds (LSE: PDL) said on Wednesday it had inked a definitive deal to sell 50% of its stake in the Williamson diamond mine in Tanzania to local technical services contractor…
Alpha Lithium rejects buyout bid by Spanish firm
Tecpetrol said it was prepared to engage with Alpha “immediately” and improve its $178 million (C$241m) all-cash offer.
Australia’s Silver Lake ups bid for St Barbara’s Leonara by US$29M
Silver Lake Resources (ASX: SLR) isn’t giving up on St Barbara’s Leonara gold complex. The Perth-based company has submitted a third bid for the asset that increases the cash component…
How to finance early-stage mining projects
Early-stage mining projects should keep financing simple to avoid later entanglements, experts told a conference in New York this month. Raising capital through share issues is the easiest path…
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…
Silvercorp to buy copper-gold focused junior Celsius Resources
Silvercorp Metals (TSX: SVM) is moving towards being a diversified precious-base metals producer with the signing of a preliminary agreement to acquire Australia’s Celsius Resources (ASX: CLA) in a stock-plus-cash…
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…