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Deals & Dollars

Silver Mines funding Rick Rule

Silver Mines secures $30 million funding from investment players, Rick Rule

Silver Mines (ASX:SVL) has entered into an agreement with Canadian investment firm Bromma Asset Management, Rick Rule, and MMCAP International, securing $30.2 million in funding for its Bowdens Silver Project in New South Wales.  Under the binding interim convertible debenture agreement, Silver Mines will issue 30,200 convertible debentures valued at $1,000 each. The holders can convert all or any of…

| By Aaliyah Rogan
Westgold Karora

Westgold secures FIRB approval to acquire Karora

Westgold Resources (ASX:WGX) has secured approval from the Foreign Investment Review Board (FIRB) to acquire all of the shares of Karora Resources (TSX:KRR), via a court-approved plan of arrangement.  On 8 April, both companies mapped out plans to create a $2.2 billion, plus 400,000 ounce per annum gold miner. Under the agreement, Westgold will offer Karora shareholders 2.524 shares, $0.68…

| By Aaliyah Rogan
Ragnar Metals Kaiser Reef

Ragnar Metals settles strategic investment in Kaiser Reef

Ragnar Metals (ASX:RAG) has secured approval for its strategic investment in Kaiser Reef (ASX:KAU), with a 16.3% shareholding.  Kaiser Reef’s shareholders voted in favour of a two-tranche placement at a recent extraordinary general meeting, and once settled, Ragnar will become the largest shareholder in the company.  Ragnar, which has a market capitalisation of $9 million, says the placement will be…

| By Aaliyah Rogan

Somerset Minerals sells Ecuadorian project to Barrick Gold

Somerset Minerals (ASX:SMM) has entered into an agreement with Barrick Gold (NYSE:GOLD) for the sale of the Valle del Tigre mineral concessions in southeast Ecuador.  Under the agreement, Barrick will pay Somerset US$320,194 ($474,379) for the project, subject to completion of the transaction occurring.  Once completed, which is scheduled for the December quarter this year, Barrick will grant Somerset a…

| By Aaliyah Rogan

Paladin Energy receives Canadian clearance for Fission Uranium acquisition

Paladin Energy (ASX:PDN) has received approval from Canada’s competition watchdog to proceed with the planned acquisition of Fission Uranium (TSX:FCU). The transaction required clearance under the Investment Canada Act and Competitive Act.  The larger company will be a global uranium producer listed on the ASX and TSX with a robust portfolio of production, development, and exploration assets, according to Paladin. …

| By Aaliyah Rogan

VIDEOS/INTERVIEWS

Venture Minerals Jupiter

Venture’s Jupiter project out of this world

And that’s a wrap on drilling at the northwest corner on Venture Minerals’ (ASX:VMS) Jupiter project. Managing Director Philippa Leggat discusses the positive impact this latest batch of assay results will have on the maiden resource estimate later this year.

| By Shae Russell
ABx Group
Great Boulder Resources
Lodestar Minerals
Pivotal Metals Horden Lake

gold

Westgold Karora

Westgold secures FIRB approval to acquire Karora

Westgold Resources (ASX:WGX) has secured approval from the Foreign Investment Review Board (FIRB) to acquire all of the shares of Karora Resources (TSX:KRR), via a court-approved plan of arrangement.  On 8 April, both companies mapped out plans to create a $2.2 billion, plus 400,000 ounce per annum gold miner. Under the agreement, Westgold will offer Karora shareholders 2.524 shares, $0.68…

| By Aaliyah Rogan
Latitude 66 PSB Finland

Latitude 66 identifies several prospective targets at PSB Project

Latitude 66 (ASX:LAT) has uncovered more than 20 targets which require follow-up testing at the Perapohja Schist Belt (PSB) Project in Northern Finland.  A total of 23 exploration prospects have been defined and will be subject to an internal ranking exercise, which will be completed in the coming weeks. The targets will be ranked based on prospectivity, potential scale, and…

| By Aaliyah Rogan
Ragnar Metals Kaiser Reef

Ragnar Metals settles strategic investment in Kaiser Reef

Ragnar Metals (ASX:RAG) has secured approval for its strategic investment in Kaiser Reef (ASX:KAU), with a 16.3% shareholding.  Kaiser Reef’s shareholders voted in favour of a two-tranche placement at a recent extraordinary general meeting, and once settled, Ragnar will become the largest shareholder in the company.  Ragnar, which has a market capitalisation of $9 million, says the placement will be…

| By Aaliyah Rogan

Lodestar Minerals: From funding to fieldwork

Lodestar Minerals (ASX:LSR) Managing Director Ed Turner discusses the company’s recent capital raising initiative and the planned allocation of these funds to three key exploration projects in Western Australia: Neds Creek, Coolgardie West, and Earaheedy.  https://youtu.be/iACnEg9ckjI?feature=shared Turner provides insights into the upcoming drilling and fieldwork at these sites, expected timelines, and the potential for future funding to support more detailed…

| By Shae Russell
Gold records

Gold continues to break records

Gold hit a high yesterday (16 July), reaching US$2,467 ($3,664) per ounce, boosted by the market expecting neutral turns by central banks. The current price as of 10.50am AEST is $3,677.28 just under the record high of $3,764 on 21 April, according to ABC Bullion. Peak Asset Management Portfolio Manager Louis Varrasso previously told this news service that record-breaking ascents…

| By Aaliyah Rogan

Events

  • Sun 7 – Thu 11 Jul
  • Gold Coast

Rick Rule’s Investment Symposium 7-11 July

Discover the key to navigating the lucrative world of resource investing. As the nation’s premier annual event on resource and…

  • Sun 7 – Thu 11 Jul
  • Gold Coast
More information
  • Wed 17 – Fri 19 Jul
  • Peppers Noosa Resort

Noosa Mining Investor Conference

The Noosa Mining Investor Conference will run from 17-19 July 2024 to give investors, brokers and fund managers a better…

  • Wed 17 – Fri 19 Jul
  • Peppers Noosa Resort
More information
  • Fri 2 – Fri 2 Aug
  • Virtual

Pit to Pitch Spotlight Series

Mining.com.au is rolling out its Pit to Pitch Spotlight Series, with the inaugural virtual event taking place on 2 August 2024…

  • Fri 2 – Fri 2 Aug
  • Virtual
More information