Hudbay’s Copper World draws Mid-East, Japanese interest for 30% stake
The sale is expected to close in six months, with Hudbay selling up to 30% of the project.
M&A
USA Rare Earth merges with Inflection Point, debuts with Nasdaq listing
USA Rare Earth (Nasdaq: USAR) went public on Friday as CEO Joshua Ballard and chairman Mike Blitzer rang the opening bell. The company has spent several years privately working to…
Triple Flag buys Peruvian streams for $35M
Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) has added two Peruvian assets to its portfolio with the acquisition of silver and gold streams on the Arcata and Azuca mines…
Allied Gold nets nearly $500M from UAE for Mali
Allied Gold (TSX: AAUC) (OTCQX: AAUCF) is creating a joint venture in Mali with a United Arab Emirates-based investment group that’s also covering the expansion of main mine Sadiola. Ambrosia…
Equinox Gold to buy Calibre for $2.56B
The combined company is expected to be Canada’s second-largest producer of gold.
China’s Yancoal earmarks $1.2B to expand
China-backed Yancoal (ASX: YAL) plans to invest its A$1.8 billion (US$1.2 billion) capital reserve into acquiring new assets, potentially beyond Australia and even outside the coal sector. The company, which…
Cameco books record output amid integration hurdles, supply chain strains
Cameco (TSX: CCO; NYSE: CCJ), Canada’s uranium giant, had mixed results in 2024. While it achieved record output, the company faced challenges with acquisition integration and supply chain issues. For…
Century-old 1B-lb copper project sells for $26M to mystery buyer
World Copper (TSXV: WCU; US-OTC: WCUFF) is divesting its interest in the Zonia copper oxide project to an unnamed arm’s-length party for $26 million. The project’s new owner is a…
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Anglo American (LSE: AAL) has set a June deadline to demerge its platinum business and has agreed to sell its nickel unit for $500 million (C$709.7 million) as the company’s effort…
Anglo American nears De Beers spinoff
Anglo American (LSE: AAL) is moving closer to spinning off its diamond unit, De Beers, after the government of Botswana confirmed interest in increasing its stake in the world’s leading…
CanAlaska Uranium posts top grade at West McArthur
CanAlaska Uranium (TSXV: CVV; US-OTC: CVVUF) cut its highest grade intersection yet at the West McArthur project it holds in a joint venture with Cameco (TSX: CCO; NYSE: CCJ) in…
Skeena buys 13% of TDG beside Freeport find in BC
Skeena Resources (TSX: SKE; NYSE: SKE) is paying $11 million for a 13% stake in TDG Gold (TSXV: TDG), which plans to advance the Shasta-Newberry project beside the recent porphyry…