Invest For LessInvest For Less

Deals & Dollars

Cosmos moves into Nunavut uranium with earn-in deal

Junior explorer Cosmos Exploration (ASX:C1X) is expanding its Canadian horizons into Nunavut with an agreement to acquire a majority stake in the Fenix Uranium Project. The company, which has existing projects in Québec, has struck a conditional cash and scrip agreement to earn an 80% interest in the 162.7km2 project, located in the Thelon Basin, Nunavut. Cosmos says the Thelon…

| By Angela East
Metallica Car

Diatreme extends takeover offer period for Metallica

Diatreme Resources (ASX:DRX) has extended the offer period for its off-market takeover bid for Metallica Minerals (ASX:MLM) to 3 June 2024.  Following acceptance from two of Metallica’s largest shareholders and other shareholders, Diatreme has a relevant interest in 44.26% of Metallica shares.  Diatreme confirms that the offer consideration of 1.3319 new shares for each Metallica shares is the “best and…

| By Aaliyah Rogan

Herbert Smith Freehills advises Zhaojin on all-cash offer for Tietto

Herbert Smith Freehills has advised Zhaojin Mining Industry (HKG:1818) subsidiary Zhaojin Capital (Hong Kong) on its all-cash takeover bid for Africa-focused gold miner Tietto Minerals (ASX:TIE). The offer values Tietto, which has mining operations located in Cote d’Ivoire, at $733 million.  It was initially rejected by Tietto’s board, however the board later recommended acceptance or sale on-market while continuing to…

| By Adam Orlando

Novonix signs testing, development agreement with Volkswagen battery company

Novonix (ASX:NVX) has entered into a non-exclusive testing and development agreement with Volkswagen Group-owned battery cell company PowerCo, with a potential opportunity to enter into a supply agreement.  Shares edged up over 7% today (15 May) to an intra-day high of $0.885 before retracing some of the gains back to $0.86 at 12.30 AEST.   As part of the agreement, Novonix…

| By Aaliyah Rogan

Torque boosts gold, lithium portfolio with dual option agreements

Torque Metals (ASX:TOR) has signed two option agreements to acquire 250km2 of tenements with gold and lithium prospectivity in Western Australia.  The tenements lie within the Goldfields region near Lord Resources’ (ASX:LRD) Horse Rocks Project and Future Battery Minerals (ASX:FBM) Kangaroo Hills Project.  Torque, which has a market capitalisation of $31.14 million, says geological and geophysical desktop analysis suggests these…

| By Aaliyah Rogan

BATTERY METALS

Lomiko locks in C$16 million in US, Canada…

Canadian graphite explorer Lomiko Metals (ASX:TSX-V:LMR) has secured multi-million-dollar grants…

VIDEOS/INTERVIEWS

Perpetual moves into rare earths with Raptor Project in Brazil

A strategic asset in a strategic location. Perpetual Resources (ASX:PEC) has acquired a low-cost option over the Raptor project, which includes rare earths such as niobium and scandium mineral rights, located within 10km of the prolific tier one Calderia Rare Earth complex in Minas Gerais,…

| By Shae Russell

gold

Labyrinth terminates sale of Québec gold project

Labyrinth Resources (ASX:LRL) has terminated the sale and purchase agreement for its namesake gold project in Canada, on the basis that privately held Gold Projects WA has allegedly failed to comply with obligations.  The notice of termination has been provided to the company and International Precious Metals Refiners, which will take effect on 17 May 2024.  Labyrinth will retain the…

| By Aaliyah Rogan

Miramar uncovers high-priority gold target at Gidji

Miramar Resources (ASX:M2R) has upgraded the 8-Mile target at its Gidji Joint Venture Project in Western Australia following the reprocessing of geophysical data.  The reprocessed data shows a well-defined gravity and induced polarisation (IP) anomaly north of Northern Star’s (ASX:NST) 313,000-ounce 8 Mile Dam resource — located at Gidji’s southern boundary — which appears to have been offset by a…

| By Aaliyah Rogan

Torque to launch next phase of drilling at Paris

With some 10,000m of reverse circulation and diamond drilling now complete at its Paris Gold Project in Western Australia, Torque Metals (ASX:TOR) is setting its sights on the next phase of exploration. The program was increased from an earlier 6,500m campaign, and sought to extend gold structures that previously returned up to 35m @ 14.12 grams per tonne (g/t) gold….

| By Aaliyah Rogan

Herbert Smith Freehills advises Zhaojin on all-cash offer for Tietto

Herbert Smith Freehills has advised Zhaojin Mining Industry (HKG:1818) subsidiary Zhaojin Capital (Hong Kong) on its all-cash takeover bid for Africa-focused gold miner Tietto Minerals (ASX:TIE). The offer values Tietto, which has mining operations located in Cote d’Ivoire, at $733 million.  It was initially rejected by Tietto’s board, however the board later recommended acceptance or sale on-market while continuing to…

| By Adam Orlando

Alamos Gold hits higher grade gold outside of Young-Davidson reserves

Canada-based producer Alamos Gold (TSX:AGI) has intersected higher grade gold within newly discovered zones located 10m to 200m south of the existing resources and reserves within its operational underground mine, Young-Davidson, in Ontario. Drilling at the 9620 Level returned a peak intercept of 22m @ 7.41 grams per tonne (g/t), including 6m @ 15.84g/t, while drilling at the 9500 Level…

| By Angela East

Events

  • Thu 1 – Thu 1 Jan

RIU Sydney Resources Round-up: ‘Bargain opportunities’ on show as market…

With the mining conference circuit showing no signs of slowing down, an estimated 1,500 delegates are set to descend onto…

  • Thu 1 – Thu 1 Jan
More information
  • Thu 1 – Thu 1 Jan

Mining.com.au puts North America in the ‘Spotlight’ in inaugural 10-1…

In the dynamic realm of mining, staying abreast of industry developments and forging connections with key players is paramount.  Recognising…

  • Thu 1 – Thu 1 Jan
More information