Evolution Mining has completed a $525 million fully underwritten placement to support its acquisition of an 80 per cent stake in the Northparkes copper-gold mine in New South Wales.
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After announcing that its proposed takeover of Dacian Gold is ‘unconditional’, Genesis Minerals has now declared its offer as ‘best and final’.
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Ahead of Albemarle’s $6.6 billion takeover of Liontown Resources, Gina Rinehart’s Hancock Prospecting has increased its strategic stake in Liontown to 16.7 per cent.
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Gold Road has returned to 19.9 per cent shareholding in De Grey Mining after subscribing in the two tranche institutional placement by De Grey at $1.05 per share.
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Western Australian gold explorer Black Cat Syndicate has received firm commitments from institutional and sophisticated investors in respect of a $8.3 million placement.
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Lithium and nickel exploration company Azure Minerals has launched a $120 million two-tranche institutional placement and a $10 million share purchase plan (SPP).
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Linden Gold Alliance has completed the debt restructure it has with St Barbara, making St Barbara a majority shareholder in Linden and Linden debt free.
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Silvercorp Metals and OreCorp have signed a binding scheme implementation agreement where Silvercorp will acquire all fully paid ordinary shares of OreCorp not held by Silvercorp or its associates.
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Poseidon Nickel has brought in $6 million to progress exploration drilling and development activities at its flagship nickel projects, Black Swan and Lake Johnston, in Western Australia.
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Albemarle Corporation has signed for a C$109 million (A$123 million) stake in Canadian lithium explorer Patriot Battery Metals following a significant discovery.
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Unexpected issues with capital value and operating costs at two IGO nickel acquisitions has translated to an almost $980 million write-down for the financial year. Despite the hit, the company saw strong results for the quarter.
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