Azarga Metals Completes 100% Consolidation of Unkur Project

MINEX FORUM | March 22, 2018
img0 Azarga Metals Corp (“Azarga” or the “Company”) (TSXV:AZR) reports that it has now closed the acquisition of an additional 40% interest in the Unkur Copper-Silver Project, taking its ownership interest from 60% to 100% (the “Unkur Project Consolidation”). On completion of the Unkur Project Consolidation, Azarga Metals will have issued 42,000,000 common shares at a deemed ...

Russian billionaire Potanin buys 2% of Nornickel from Abramovich

MINEX FORUM | March 15, 2018
img0 Russian billionaire VladimirPotanin‘s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2% stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisional deal last week that allowed him to sell a 4% stake in Norilsk to fellow shareholders Potanin and aluminium producer Rusal, pending the outcome of a London court case. Rusal is trying to stop Abramovich from ...

Nordgold became the Montagne d’Or majority shareholder

MINEX FORUM | September 26, 2017
img0 Nord Gold SE announced that it has become the majority shareholder of Compagnie Minière Montagne d’Or (owner of the Montagne d’Or gold deposit in French Guiana) by obtaining 55.01% of its share capital, said Nordgold’s press-service. On September 14, 2017, the Company signed a Shareholder Agreement with Columbus Gold Corp. outlining the rights and obligations ...

CALM enters Macedonia for $402.5 million

MINEX FORUM | September 22, 2017
img0 Central Asia Metals plc (AIM: CAML)announced that it has conditionally agreed to purchase a 100 per cent. interest in Lynx Resources Limited (“Lynx”), the owner of the SASA zinc-lead mine in Macedonia, from Orion Co-Investments III L.P. (“Orion”) and Fusion Capital AG for $402.5 million (the “Consideration”). Highlights Transformational transaction for CAML, creating an AIM ...

Novo Litio acquires Medgold’s litium project in Portugal

MINEX FORUM | September 4, 2017
img0 Novo Litio LTD (ASX: NLI, FRANKFURT: ORM) reports that it has acquired a very large (354km2 ) granted tenement package, over an area of known LCT-type pegmatite occurrences around the Sepeda Lithium Project, from TSX-v listed Medgold Resources Corp. (“Medgold”). This transaction is a major strategic achievement for NLI within the northern pegmatite belt in Portugal. This ...