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Metals and Mining Industry News
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StrikePoint Gold completes Northumberland acquisition after C$190m financing transforms its scale
StrikePoint Gold Inc. has completed its acquisition of Nevada’s Northumberland Gold Project from Newmont after a C$190 million financing, giving the junior a multi-million-ounce resource but also a much larger development challenge.
Torque Metals (ASX: TOR) secures A$25m as Ritz Gold drilling strategy targets a much larger resource
Torque Metals Limited has completed a A$25 million institutional placement, lifting its funding capacity for an aggressive drilling programme around the 351,000-ounce Ritz Gold Project in Western Australia.
BHP to sell Kambalda nickel assets to Gold Fields as February 2027 WA Nickel review approaches
BHP Group Limited has agreed to sell its Kambalda Nickel Concentrator and associated Western Australian tenements to Gold Fields, separating one suspended asset from the broader WA Nickel portfolio before BHP’s scheduled strategic review.
Arafura Rare Earths (ASX: ARU) starts Nolans construction as A$1.2bn government backing moves into execution
Arafura Rare Earths Limited has started construction of the Nolans Rare Earths Project north of Alice Springs, moving a government-backed critical minerals development from financing and final investment decision into physical execution.
Talamore expands Coffee Gold financing to C$450m as total funding could reach C$688m
Talamore Mining Corp. has increased its planned secured debt facility for the Coffee Gold Project from C$400 million to C$450 million, taking its broader potential financing package to as much as C$688 million as the Yukon project approaches a construction decision.
De Beers to take full control of Gahcho Kué as Mountain Province restructures
Mountain Province Diamonds Inc. has agreed to transfer its 49% interest in the Gahcho Kué diamond mine to De Beers Canada in exchange for releases from mine-related debt and liabilities, while preserving a potential route back into the asset before the end of 2029.
Mayfair Gold lines up C$310m Macquarie financing pathway for Fenn-Gib
Mayfair Gold Corp. has secured a C$10 million strategic investment from Macquarie and a non-binding framework for C$300 million of project debt, potentially covering most of the initial capital needed for Ontario’s Fenn-Gib Gold Project.
Yancoal completes $1.85bn Kestrel acquisition as metallurgical coal exposure grows
Yancoal Australia Limited has completed its acquisition of an 80% interest in Queensland’s Kestrel Coal Mine, bringing a large underground metallurgical coal operation into its earnings from October 1.
Sunrise Energy Metals plans US redomiciliation and Nasdaq listing around Syerston
Sunrise Energy Metals Limited plans to redomicile its parent company to Delaware and make Nasdaq its primary listing while retaining an ASX presence, aligning the corporate structure with US financing and customers for the Syerston Scandium Project.
Lynas Rare Earths bets A$968m on Meteoric Resources to secure Brazil rare earth scale
Lynas Rare Earths Limited has agreed to acquire Meteoric Resources Limited in an all-share transaction implying A$968 million of equity value, adding Brazil’s Caldeira ionic-clay rare earth project while triggering sharply different reactions in the two ASX stocks.