USA Rare Earth to buy final Round Top stake for $73M
USA Rare Earth (Nasdaq: USAR) is to acquire the remaining minority interest in the Round Top rare earth deposit in Texas in a $73 million all-stock deal, securing full control…
M&A, Financing and Restructuring
SSR Mining sells Copler mine in Turkey for $1.5B
Canada’s SSR Mining (TSX: SSRM; Nasdaq: SSRM) surged 15% in pre-market trading in New York on Wednesday after agreeing to sell its 80% stake in the Copler gold mine and…
Hudbay buys Arizona Sonoran for $1.48B
Hudbay Minerals (TSX, NYSE: HBM) said on Monday it will acquire Arizona Sonoran Copper (TSX: ASCU; US-OTC: ASCUF) in an all-share deal valued at about $1.48 billion (US$1 billion), creating what…
Botswana Diamonds rebrands, targeting copper
Botswana Diamonds (LON: BOD) will rebrand as Botswana Minerals and trade under the new ticker BMIN starting Friday as it expands into copper exploration to cut exposure to a prolonged downturn…
Newmont-Barrick rift over Nevada heats up
Barrick Mining’s (TSX: ABX; NYSE: B) plan to spin off its North American assets has hit another obstacle after joint venture partner Newmont (NYSE: NEM) issued a notice of default,…
Glencore doubles down on copper, keeps M&A in play
Glencore (LSE: GLEN) is stepping up its copper ambitions in the Democratic Republic of Congo and beyond, even as it posted a third straight annual earnings decline, while keeping the…
Roundup Video: Azimut pivots to advanced exploration
Azimut Exploration (TSXV: AZM; US-OTC: AZMTF) is stepping up drilling at its Elmer and Wabamisk projects in Quebec’s James Bay after a run of discoveries, president and CEO Jean-Marc Lulin…
BHP leans on copper growth, not big deals
CEO Mike Henry said there’s no urgent need for deals as the company aims for 2.5 million tonnes of copper equivalent annually.
Generals join critical-mineral boardroom arms race
Critical-mineral juniors are snapping up retired U.S. military leaders to help win Washington funding, echoing a playbook uranium producers pioneered years ago when they recast domestic nuclear fuel as a…
Sirios taps Osisko team to push Cheechoo build
Sirios Resources (TSXV: SOI; US-OTC: SIREF) says the December acquisition of Osisko Development (NYSE, TSXV: ODV)-backed OVI Mining will give its Quebec Cheechoo gold deposit the financing and development push…
JV Video: Troilus targets spring finance decision
Lenders have increased the proposed debt facility for the Troilus Mining (TSX: TLG; US-OTC: CHXMF) gold-copper project in Quebec up to $1 billion (C$1.35 billion) from $700 million as the…
Zanaga Iron lines up $25M in deal with Red Arc
Zanaga Iron (LSE: ZIOC) has signed a binding term sheet with Red Arc Minerals that could see up to $25 million invested to advance its namesake iron ore project in…