Steppe to create Mongolia’s largest gold producer with Boroo merger
Mongolia-focused Steppe Gold (TSX: STGO) is set to triple its annual production and elevate its status as the country’s largest and leading gold producer with the acquisition of Boroo Gold LLC. In a press release Monday, Steppe said it has signed a binding term sheet to acquire Boroo in an all-share transaction. The share exchange […]
Amazon to Invest $15B in Cloud Computing in Japan and More Asia Real Estate Headlines
An Amazon data centre in Hilliard, Ohio Amazon Web Services leads Mingtiandi’s headline roundup today with a plan to invest $15 billion in expanding its cloud computing infrastructure in Japan by 2027. Also in the news, Ascott and CapitaLand Investment see strong potential in Japan and the property management division of developer China Jinmao announces […]
Wesdome acquires 10.6% stake in Ontario-focused Angus Gold
Wesdome Gold Mines (TSX: WDO) is buying 10.6% equity stake in Angus Gold (TSXV: GUS), whose flagship project is right next to its Eagle River mine, through the participation of a flow-through unit offering announced by Angus Friday. The units are being priced at C$0.80, each comprising one Angus common stock and one-half of a […]
McLeod Lake band takes stake in Defense Metals’ rare earth project in British Columbia
Defense Metals (TSXV: DEFN; OTCQB: DRMTF) has entered into a co-design agreement with the McLeod Lake Indian Band regarding development of Defense’s 100%-owned Wicheeda rare earth element (REE) project. The project is about 80 km northeast of Prince George, B.C. With a targeted annual production equivalent to almost 10% of current global REE production, the […]
Seabridge Gold applies to extend KSM environmental permit
Seabridge Gold (TSX: SEA) (NYSE: SA) has taken steps to ensure that the environmental permit for its KSM copper-gold project in British Columbia’s Golden Triangle would remain in effect beyond its expiration date. On Wednesday, its wholly owned subsidiary KSM Mining applied to the BC Environment Assessment Office for a ‘substantially started’ status, which, if approved, […]
Sumitomo Participates In FPX Nickel Financing To Gain 9.9% Stake
Decar nickel-iron project, British Columbia. Image by FPX Nickel Sumitomo Metal Mining Canada is investing about C$14.5 million to gain a 9.9% interest in FPX Nickel (TSXV: FPX). Sumitomo will participate in a private placement, purchasing approximately 30.1 million FPX shares at a price of C$0.48 per share. “This strategic investment by Sumitomo Metal Mining […]
Surge Copper (TSXV:SURG) Secures Complete Ownership of Berg Property in Landmark Deal with Thompson Creek Metals
Figure 1. District Map. Source: Surge Copper n Surge Copper (TSXV:SURG) has finalized a Purchase Agreement with Thompson Creek Metals Company Inc., a subsidiary of Centerra Gold Inc. This agreement grants Surge complete ownership of the Berg Property, in exchange for 21,221,165 of its common shares. As a result of this transaction, TCM will hold […]
Top 5 Stock Gainers And Losers: CNC.V, BIG.V, REG.V
In this summary report, we will take a quick look at the top 5 gainers and losers up or down double digits on the Canadian stock markets. Here is a summary of the intraday action of assets: Top 5 Gainers AAPKI Ventures (APKI.CN) Market Cap ~ $4 million AAPKI Ventures Inc. focuses on technology ventures […]
Madison Metals Closes Fully Subscribed Private Placement For $500,000 Comprised of $460,000 Cash and $40,000 Debt and Announces Option Grant
TORONTO, ON – December 11, 2023 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce that, further to its press release dated December 4, 2023, it has issued 1,150,000 units (the “Units”) at a price of CDN$0.40 per unit for aggregate gross proceeds of $460,000 (the “Private Placement”). Each Unit consists of […]
Madison Metals Proposes Strategic Private Placement of Units
TORONTO, ON – December 4, 2023 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce a private placement of units (the “Units”) at a price of CDN$0.40 per unit for aggregate gross proceeds of up to CDN$500,000. Each Unit will consist of one common share in the capital […]