The Reserve Bank of Australia has today cut the cash rate by 25 basis points to 3.85%, amid falling inflation, tight labour markets, weak productivity, and softer GDP and CPI forecasts. The last time the cash rate was 3.85% was 3 May 2023. At 2.9%, annual trimmed mean inflation was below 3% for the first […]
Pilbara lithium and tantalum explorer Yari Minerals (ASX:YAR) has branched out into metallurgical coal with the acquisition of the Rolleston South Coal Project in Queensland’s Bowen Basin. The junior explorer owns five lithium and tantalum exploration licences covering 1,000km2 in the Pilbara region of Western Australia and has now completed the acquisition of Resource Chain, […]
More than half of the 50 top performing companies on the TSX Venture Exchange operate in the resources sector, highlighting the attractiveness of Canada’s exchanges for mining investment. The 2025 TSX Venture 50 spotlights how mining and innovation companies are advancing Canada’s long-term economic agenda and global competitiveness. A defining theme in the 2024 rankings […]
Resource Capital Funds (RCF) has completed the acquisition of mill relining systems original equipment manufacturer Russell Mineral Equipment (RME) following a sale agreement on 16 November 2024. With the deal completed, the investment in Russell Mineral Equipment will enable a number of priority areas, including accelerating the deployment of RME’s advanced technology system. The investment […]
Helix Resources (ASX:HLX) has struck a conditional binding deal to earn up to a 40% stake in the Gold Basin Oxide Gold Project, which abuts the recently acquired White Hills Copper-Gold Project. The agreement is with Gold Basin Resources (TSX-V:GXX) and allows for Helix to earn its interest by spending up to $3 million on […]
Manhattan Corp’s (ASX:MHC) shares have surged more than 64% on the back of entering into a binding agreement to acquire the Hook Lake Project in Nunavut, Canada. The Hook Lake Project, covering 423km2, hosts the Turquetil Lake gold deposit and several other gold and polymetallic volcanogenic massive sulphide prospects. Manhattan, which saw its share price […]
Nordic Resources (ASX:NNL) has identified ‘standout’ orogenic gold prospects within the Kiimala Trend Gold Project in central Finland, after completing a review of the exploration and drilling database. Kiimala is one of three gold projects being acquired by Nordic from Swedish-listed gold exploration company Northgold (STO:NG). The transaction includes acquiring the Kopsa, Kiimala Trend, and […]
Vertex Minerals (ASX:VTX) plans to accelerate underground development work and begin mining at the Hill End Gold Project in New South Wales, via a $12 million capital raise. Blue Ocean Equities and CPS Capital Group will act as joint lead managers. Under a placement, 35.7 million shares will be issued to raise $7.5 million. A […]
A subsidiary of Robert Friedland-backed Ivanhoe Electric (TSX:IE) will bank US$100 million ($156.3 million) from the sale of the remaining 50% stake in the Alacrán Copper Project in Colombia. Ivanhoe Electric’s 63% owned subsidiary Cordoba Minerals (TSX-V:CDB) has signed a definitive framework agreement with a consortium of investors including JCHX Mining Management, a 19.8% shareholder […]
Tempest Minerals (ASX:TEM) has retained Cygnet Capital as lead manager for a $1.47 million entitlement offer and to advise on the placement of any shortfall shares upon the offer’s close. Proceeds from the raise will predominantly be deployed towards Yalgoo exploration and iron development, as well as other project costs and gold exploration. The raise includes […]