Montage Gold gains on Lundin-backed financing
Montage Gold (TSXV: MAU; US-OTC: MAUTF) hired a new CEO and nearly doubled a Lundin Group-backed stock offering to fund the US$712 million Koné gold project in Côte d’Ivoire. Toronto-based…
Financing
First Quantum inks US$500M offtake amid Panama turmoil
First Quantum Minerals (TSX: FM) says it’s landed a US$500-million offtake agreement with its largest shareholder, China’s Jiangxi Copper, to help shore up finances shredded by its Cobre Panama mine…
Vizsla Silver to raise $30M for Panuco exploration, shares down
Vizsla Silver (TSXV: VZLA; NYSE: VZLA) is raising $30 million for exploration at its Panuco silver-gold project, located in southern Sinaloa, Mexico. The company has budgeted over 65,000 metres of…
Rio Tinto OKs US$6.2B Simandou iron mine
“The board yesterday approved the largest mining project in the world,” CEO Stausholm told Financial Times.
Metals Acquisition IPO Down Under goes over forecast
Metals Acquisition (NYSE: MTAL.U) has raised A$325 million ($285 million) through a new listing in Australia that will help pay for the billion-dollar purchase of the CSA copper mine there. The…
Capstone raises $431M to advance Chilean copper projects
Capstone Copper (TSX: CS; ASX: CSC) and major shareholder Orion Resource Partners, have closed a $431-million bought deal to support the copper miner’s near-term growth initiatives in Chile. Under the…
SQM looks to nurture lithium tech startups with accelerator program
Chile’s SQM (NYSE: SQM), the world’s second largest lithium producer, is calling startups with innovative solutions in the fields of water usage, lithium and electromobility to join the third round of…
Cash crunch has junior miners feeling ‘despondent’
According to Mining Intelligence data, mining financings tumbled by around 13% last year, after falling a precipitous 45% the previous year. Numbers from the Prospectors and Developers Association aren’t in…
Video: Power Nickel CEO sounds the alarm on naked short-selling
A battle for transparency and the survival of junior mining companies against market manipulation is playing out in real-time, Power Nickel (TSXV: PNPN; US-OTC: PNPNF) CEO Terry Lynch says. Lynch…
Video: Fundraising data reveal ‘bifurcated’ junior mining market
Despite the gloomy sentiment in the junior mining sector, Kai Hoffman, CEO of Soar Financial says last year was actually pretty good in terms of total funds raised. However, Hoffman,…
VIDEO: Ross Beaty on what’s next for junior miners as investors shun the space
Mining veteran Ross Beaty says he’s never seen a market like the current one, where gold and copper are at or near all-time highs, but “there’s absolutely no money for…
Uranium Royalty cashes up to fund future deals
Uranium Royalty (TSX: URC; NASDAQ: UROY), the world’s only uranium-focused royalty and streaming company, is raising US$22.9 million to fund future royalty acquisitions as well as physical uranium purchases. The…