World Business Outlook’s Post

Ariana Resources plc (AIM:AAU) said its Asgard Metals Fund has seen "significant developments" from its portfolio of mining companies since November. In Zimbabwe, due diligence drilling is underway at the Dokwe gold project, with Asgard increasing its investment in operator Rockover Holdings to around 2.1% by investing a further US$150,000.  Kerim Sener, Ariana’s managing director, added: "We have elected to increase our position in Rockover Holdings as we conclude the Dokwe Gold Project due diligence drilling programme. “The initial technical results of this programme achieved, as expected, a positive outcome; although assays remain for completion in due course. “We are now evaluating further involvement in the feasibility-stage project that contains 1.3Moz gold in JORC Resources and we are in discussions with Rockover Holdings with respect to the company and its assets." More at #Proactive #ProactiveInvestors #AIM #AAU #mining #arianaresources #gold #portfolio http://ow.ly/PiRW105eFya

Today we are pleased to announce the closing of the first tranche of our non-brokered private placement and concurrent brokered private placement for gross proceeds of approximately $4.4 million. As previously disclosed, Luso Global Mining, a wholly owned subsidiary of Mota-Engil, participated in the first tranche of Kobo's offering as a lead investor for gross proceeds of $1 million. Luso Global Mining will subscribe for additional units as part of the second tranche of the offering and is expected to hold 9.99% of the issued and outstanding commons shares of Kobo upon closing. We expect to close the second tranche on or about July 2, 2024. TSXV:KRI #Exploration #Gold #Mining #Africa #Financing

via Mining.com.au Dynamic Metals Limited has entered into a binding term sheet for a ‘landmark’ $20 million #lithium-focused farm-in and joint venture agreement with HoldCo, a wholly owned subsidiary of Mineral Resources. MinRes is guarantor of the initial cash payments, under which the company will, subject to the satisfaction of certain conditions precedent, sell 40% of all lithium mineral rights held by Dynamic on the Widgiemooltha tenement package for $5 million cash consideration. #DYM was advised by Hamilton Locke for the MinRes transaction. From completion, HoldCo and Dynamic will form a 40:60 unincorporated joint venture. HoldCo has the ability to increase its stake to 65% by sole funding an additional $15 million of exploration expenditure on the tenements over the 4 years following completion. Learn more: https://loom.ly/wfdSHLI #DynamicMetals #ASX

McEwen Mining Inc. (TSX:MUX, NYSE:MUX) shares fell more than 5% after the company announced a US$16.1 million financing. The gold and silver producer said proceeds from the private placement financing will be used to fund continued exploration and development at its Fox Complex in the Timmins region of Ontario. Under Part 1 of the financing, McEwen Mining said it would place 788,000 flow-through shares at US$9.27 each in a private placement for proceeds of US$7.3 million. Part 2 of the financing consists of a US$8.8 million private placement of 1,115,000 flow-through shares at a price of US$7.86. The company noted that proceeds of the financing will be used exclusively for qualifying Canadian exploration expenditures (CEE) and Canadian development expenditures (CDE). The company’s shares ended Wednesday 5.2% lower at C$9.77. More at #Proactive #ProactiveInvestors http://ow.ly/IR6b1053jR0 #TSX #NYSE #MUX

The #Coppermining industry is seeing a spike in M&A activity and partnership deals as costs for new projects soar by 50%. Producers seek alliances to share expenses in crucial #copper ventures vital for the energy transition. Major players like Glencore and Lundin Mining Corporation are exploring partnerships, reflecting industry trends amid rising demand for copper. Read more: https://bit.ly/3M0AKr8 #Dorecopper #Copper #EnergyTransition #Partnerships #mining #Canadianmining #miningexploration

Exciting development to share: Lundin Mining (Ticker: LUN) reveals updated share capital and voting rights. Operating from Toronto, this multinational entity has grown into a leading lights in the mining industry since its inception in 1994, with operational bases in Canada, United States, Portugal, and Sweden. 💼🌎 From the Eagle Mine in the United States to the Neves-Corvo silver-copper-zinc-lead mine in Portugal, Lundin Mining stays true to its commitment of creating a positive and tangible impact in the communities it operates. Apart from extracting base metals, Lundin Mining takes pride in its world-leading ESG (Environmental, Social Governance) initiatives.✅🌳 With various accolades, including the PDAC 2023 Sustainability Award for the Lundin Foundation, the future holds great promise for this company. 🏆✨ For more information on Lundin Mining, visit www.lundinfoundation.org 💻 Sharing with @Mark Turner for business relevance. #LundinMining #ShareCapital #VotingRights #MiningIndustry #ESGInitiatives Full disclosure: we are shareholders.   https://lnkd.in/gc5fikSU Mine$tockers Inc  www.MineStockers.com   Kevin Dwyer   CEO, Head Trader 

We're excited to share our Activities Report for the period ending 31 March 2024! 📊✨ Dive into the full #OMX report to see our latest developments and progress. Read the full report here: #ASXNews #ASX #OrangeMineralsNL #Mining #Exploration #Gold #Copper #QuarterlyReport

Discover the transformative partnership between PureGold Mining and TMG through this case study, shining a spotlight on the Madsen Mine Optimization Project. Delve into PureGold Mining's significant gold discovery in Red Lake, Ontario, and witness how TMG's tailored solutions propelled this venture. From refining operational strategies to conducting comprehensive financial analysis, journey through the seamless collaboration driving operational efficiency and financial success. Learn more: https://lnkd.in/ekwM_Zdt #ProjectServices #StrategicPlanning #ProcurementExcellence #ContractManagement #SupplyChainOptimization #QualityControl #LogisticsOptimization #CostControls #DocumentManagement #IndustrySuccess #MiningOilGas #NavigatingComplexities #TMGAdvantage #ExpertSupport #SuccessMission #networking #innovation 

Kobo Resources Inc. Initiates Private Placement, Anchored by Luso Global Mining as Lead Investor ⚒️ TSXV:KRI ◾️Luso Global Mining is a subsidiary of Portuguese large multi-national conglomerate Monta-Engil 🇵🇹 Lead order represents $3.75M of total $4.5M raise 👀 ◾️Successful drilling in 2023 ➡️ Enhance exploration initiatives at 3 main targets: Road Cut, Jagger & Kadie Zones ◾️Cote d'Ivoire is underexplored + high grades. Example: Jagger Zone - Trenching 29m @ 6.5g/t 📈 https://lnkd.in/gnWBDASW #gold #goldmining #mining #juniormining

One of the most interesting gold explorers. High grades and now bringing on a conglomerate for 10% ownership to fund the next stage of exploration. Worth following just to understand what’s going on in Côte d’Ivoire, hottest jurisdiction in Africa.