Latest Deals

The Ninnis gold project is an early-stage exploration site spanning 25km². Credit: Phawat/Shutterstock.com

Bastion Minerals has signed an agreement with its director Raymond Muskett and Kevin Woodthorpe, an unrelated party of the company, to acquire 100% of the issued capital of Muskwood, the owner of the Ninnis gold project (E39/2110) in Northern Goldfields, Western Australia. The acquisition aligns with Bastion’s strategy to target early-stage Australian gold projects and further expand its portfolio within a tier 1 mining jurisdiction. The Ninnis gold project is an early-stage exploration site spanning 25km².

Pacific Nickel Mines (PNM) subsidiary Pacific Nickel International has agreed to sell 100% of its shares in the Kolosori nickel project in the Soloman Islands to Green Rock under a share sale and purchase agreement.  A key element of the deal is the Glencore (financier of the project) deed of release, which releases PNM from all liabilities under the Glencore secured facility agreement, which currently guarantees $22m (A$33.85m), plus around $8.6m in accrued interest borrowed by PNM.

Mineral Resources (MinRes) and POSCO Holdings signed a binding agreement to form a lithium joint venture (JV) partnership, with MinRes holding a 70% stake in the new JV. POSCO is set to acquire a 30% stake in MinRes’ operational lithium business, paying an upfront cash consideration of $765m. The new JV will hold MinRes’ 50% ownership of the Wodgina and Mt Marion mines, the transaction values of which are around $3.9bn.

Great Northern Minerals (GNM) has completed the acquisition of the Catalyst Ridge rare earth element (REE) and antimony project at Mountain Pass district in California’s Mojave Desert, placeing GNM in a prime location for REE and antimony mining within the district. The company will now issue consideration securities related to the deal. Following deal completion, GNM is expected to have a cash balance of around $3.06m.