Hercules extends Idaho copper discovery
Hercules Metals (TSXV: BIG; US-OTC: BADEF) has extended its Southern Flats copper discovery in Idaho, enlarging a target that may connect with the Leviathan system to the north. Hole HER-26-01…
M&A, Financing and Restructuring
Galantas exits mired Omagh gold project in Ireland
Galantas Gold (TSX-V, LSE-A: GAL) has sold its remaining 20% indirect interest in Northern Ireland’s Omagh gold project to Ocean Partners UK for $5 million (C$6.92 million), completing its exit…
Agnico takes 22% of Vizsla in $32M Alaska deal
Vizsla Copper (TSXV: VCU; US-OTC: VCUFF) agreed to buy Agnico Eagle Mines’ (TSX, NYSE: AEM) Delta and Helm Bay projects in Alaska for shares valued at $32 million (US$23.3 million),…
Albemarle taps BHP veteran Udd as next CEO
Albemarle (NYSE: ALB), the world’s largest lithium producer, has named BHP (ASX, LSE, NYSE: BHP) executive Ragnar Udd as its next CEO as surging energy-storage demand tightens the battery-metal market….
Glencore looms over Anglo-Teck’s $1.4B copper prize: FT
Glencore (LSE: GLEN) could complicate Anglo American’s efforts to capture the biggest gains from its $53-billion merger with Teck (TSX: TECK.A TECK.B, NYSE: TECK) as the miners negotiate how to…
Bunker Hill to buy Silver47 in $163M all-stock deal
Bunker Hill Mining (TSX: BNKR; US-OTC: BHLL) agreed to buy Silver47 Exploration (TSX-V: AGA; US-OTC: AAGA) in an all-stock deal valued at about $163 million (C$225 million) that will create…
Ottawa scrutinizes China’s $175M Lithium Chile deal
Canadian junior Lithium Chile (TSX-V: LITH) and China Union Holdings (SZSE: 000036) face a potential national security review of their $175-million (C$243-million) Argentum Lithium transaction after Canadian officials raised concerns…
OceanaGold expands with $553M Ausgold buy
Canadian gold and copper producer OceanaGold (TSX, NYSE: OGC) is buying Australia’s Ausgold (ASX: AUC) for A$776 million (almost US$553 million), giving the miner its first acquisition in Australia and…
Northern Star rejects hedge fund overhaul
Northern Star Resources (ASX: NST), Australia’s largest gold miner, rejected activist Elliott Investment Management’s push to install six directors, saying the proposal would undermine proper governance as the investor seeks…
NY hedge fund turns up heat on Northern Star
Activist investor Elliott Investment Management is escalating its campaign against Northern Star Resources (ASX: NST), naming six potential directors after talks with Australia’s largest gold miner failed to produce an…
Barrick names Bock to lead overseas arm
Barrick Mining (NYSE: B; TSX: ABX) has named Sebastiaan Bock to lead its international gold and copper business as the miner prepares to split its North American and overseas assets….
US-backed Orion eyes stake in Tanzania nickel mine
A deal would help Lifezone finance the $940 million Kabanga project and advance US efforts to secure critical minerals.