Lithium junior Kali Metals soars on ASX debut, defying market trend
Shares in lithium explorer Kali Metals (ASX: KM1) jumped as much as 86% on its first day of trading on the Australian Stock Exchange, following an initial public offering in…
M&A, Financing and Restructuring
BMO cautions against excess gold sector royalty deals
A trend among gold developers to write royalties as a strategy to raise investor value amid a stifled financial market carries high risks, a new BMO Capital Markets report found…
Saturn Resources buys Shanta Gold for $239M
East Africa-focused Shanta Gold (LSE: SHG) said on Wednesday it had agreed to a £141.9 million ($239.7 million) takeover bid by Tanzania-based Saturn Resources. Under the deal, Shanta shareholders will…
Can beaten-up junior miners fight illegal short-selling?
Terry Lynch began to notice unusual price movements in Power Nickel (TSXV: PNPN; US-OTC: PNPNF)’s stock (then called Chilean Metals) years ago. The shares consistently traded down at the end…
Kefi Gold and Copper’s Tulu Kapi build to put Ethiopia on global mining map
After three tumultuous years of civil war in Ethiopia, the founder of Kefi Gold and Copper (AIM: KEFI) pinches himself over the East African country’s emergence as a mining investment destination. Harry…
Top Chinese lithium producers to fund Atlas Lithium project in Brazil
Atlas Lithium (NASDAQ: ATLX) says it’s now fully funded to bring its US$49.5-million Das Neves lithium project in Minas Gerais, Brazil, into production by late next year. The company will…
Gold juniors Nighthawk, Moneta to gain heft with all-share merger
Moneta Gold (TSX: ME; US-OTC: MEAUF) and Nighthawk Gold (TSX: NHK; US-OTC: MIMZF), two juniors with gold development projects in Canada, are planning an at-market, all-share merger. Moneta will contribute…
Silvercorp Metals sweetens offer for Tanzania-focused OreCorp
Silvercorp Metals (TSX: SVM; NYSE: SVM) surprised the market on Thursday by increasing its cash offer for African gold developer OreCorp (ASX: ORR) by A$20 million (US$13 million). The improved…
Adventus buys Beaty-backed Luminex for Ecuador focus
Canadian junior Adventus Mining (TSX-V: ADZN; US-OTC: ADVZF) is acquiring cohort Luminex Resources (TSX-V: LR; US-OTC: LUMIF) in an all-stock deal to focus on copper and gold development in Ecuador….
Codelco to spend US$720M on Chuquicamata copper mine overhaul
Chile’s Codelco, the world’s top copper producer, plans to invest an additional US$720 million ($985.6 million) revamping its century-old Chuquicamata copper mine, in an effort to stop the company’s overall…
Monarch Mining under creditor protection in last-ditch effort to avoid bankruptcy
Struggling Canadian gold miner Monarch Mining (TSX: GBAR; US-OTC: GBARF) has been placed under the protection of the Companies’ Creditors Arrangement Act (CCAA), with PricewaterhouseCoopers appointed as the monitor to…
Iamgold moves to buy rest of royalty company Euro Ressources
Iamgold (TSX: IMG; NYSE: IAG) plans to pay about US$23 million for the shares it doesn’t already owns in French precious metals royalties company Euro Ressources. The draft offer, filed…