US equities rallied overnight on reports of near-record profits from the major banks and a lower-than-expected US Consumer Price Index (CPI) data, with the momentum flowing through to the Australian market. The S&P/ASX 200 spiked 128.20 points, or 1.56%, to 8,341.50 points as of 10.30am AEDT. Over the last five days, the index is virtually […]
Mining giant BHP (ASX:BHP) is forming a 50:50 joint venture with Lundin Mining (TSX:LUN) after acquiring Filo Corp (TSX:FIL), which owns the Filo del Sol Copper Project in Argentina. On 26 September 2024, Filo Corp shareholders’ approved the acquisition, which was C$4 billion ($4.47 billion) excluding the Filo shares already held by Lundin Mining and […]
Emily Arthun, CEO of the American Coal Council, highlights the importance of the resource to the US economy and the coal industry’s exciting potential in 2025.
Novo Resources (ASX:NVO) has transitioned its trading platform from the OTCQX to the OTCQB market in the US. The company is now trading on the OTCQB under the ticker symbol NSRPF. Novo Resources says this transition reflects the company’s evolving strategic priorities while continuing to provide an opportunity for increased engagement with the US investment […]
Scandium Canada (TSX-V:SCD) on 27 December 2024 closed the second tranche of its previously announced non-brokered flow-through private placement, as well as the closing of the first tranche of its previously announced non-brokered private placement. The flow-through offering consisted of the issuance of 2.58 million shares, that qualify as “flow-through shares”, at a price of […]
Clean Air Metals (TSX-V:AIR) recently closed a non-brokered private placement to raise just over C$1.096 million through the issuance of 18.268 million shares that qualifies as a flow-through share at a price of $0.06 per FT share. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares and became effective […]
Trigg Minerals (ASX:TMG) has begun the application process for relisting on the OTCQB Venture market. The OTCQB is a mid-tier OTC equity market which primarily lists early stage and developing companies in the US and internationally. The antimony explorer has sought relisting, which is expected to take between three to five weeks. US-based merchant bank […]
Eagle Mountain Mining (ASX:EM2) has added a strategic land package to the Wedgetail Copper Project in Arizona, US. In February 2024, the company exercised a first right of refusal to purchase 15 acres of the Cochise patented claim adjacent to its existing patented claims. Under the acquisition, Eagle Mountain paid US$325,000 ($519,734), comprising a US$200,000 […]
Thunderbird Resources (ASX:THB) is evaluating strategic options and joint venture opportunities to advance its Surprise Creek Uranium-Copper Project in the Athabasca Basin, Canada. The company’s decision to seek these opportunities comes from its core focus on the newly-acquired Rockvale and Kookabookra antimony-gold projects in New South Wales. “Along with the strategic review of the Surprise […]
Battery materials and technology company Novonix (ASX:NVX) has received a conditional commitment from the US Department of Energy or a direct loan of up to US$754.8 million ($1.185 billion) to partially finance a proposed new facility in Chattanooga, Tennessee. The proposed financing is being offered under the department’s Loan Programs Office’s Advanced Technology Vehicles Manufacturing […]