Diamond Offshore’s Post

Sidley successfully guided Independence Contract Drilling, Inc. through its fast and efficient Chapter 11 deleveraging transactions, equitizing approximately US$200 million of secured debt — deleveraging the balance sheet, maintaining all trade relations, and confirming its Plan of reorganization for emerging with a strong future and fresh credit facilities.   The Sidley team was led by Duston McFaul and Maegan Quejada, and included Michael Sabino, Amanda Rahie, Ishani Patel, David Buck, and Brian Minyard. Read more here: https://bit.ly/4h6PvGp.

Prodigy Gold NL Discover the strategic insights behind Prodigy Gold's recent announcement on its entitlement offer extension and its implications for growth and shareholder engagement. Read More https://lnkd.in/gPYbTKuN #EntitlementOffer, #strategicGrowth, #shareholderEngagement, #miningSector

We're hosting a webinar for Unico Silver following their transformational #silver acquisition in #Argentina this week. This junior company has matured significantly, securing an expansive land package in Santa Cruz. With this strategic acquisition, they are well on their way to establishing a 200Moz silver resource as consolidation turns to exploration. Register here: https://loom.ly/Xyy_bF8 #miningstocks #investing #ASX #ASXnews

Effective marketing starts with owning your brand and offering relevant, direct messaging. Check out River1 Asset Management’s video discussing its story and investment strategy of The Trenchless Fund ETF (RVER)! #ETFs #RightLabel

Spartan Resources Ltd finalizes sale of gold projects, enhancing financial positioning and board strategy. Read More https://lnkd.in/g7Rk3bAW #SpartanResources, #BenzMining, #goldProjects, #partnership, #resourceExploration

🎉 Celebrating Reconciliation Day! 🌍 On this Reconciliation Day, we reflect on the strength of unity, the power of understanding, and the importance of working together to build a brighter future. At STS3D, we believe reconciliation begins with creating safe, inclusive, and supportive workplaces. Just as we prioritize safety in the mining and industrial sectors, we also champion the values of mutual respect, collaboration, and shared growth. Let’s take this day to honor the past, embrace the present, and commit to a future where we all thrive together. Here’s to making every interaction a step toward reconciliation! 💡 How are you celebrating Reconciliation Day? Share your thoughts below! 👇 #ReconciliationDay #Unity #SafetyFirst #STS3D #MiningInnovation

Adam Davidson, CEO of Trident Royalties plc, discusses FY23 results, offtake milestones and catalysts to boost shareholder returns in FY24. Watch the full interview ▶️ https://lnkd.in/eNkb6YnX Trident Royalties Plc (AIM: TRR, OTC: TDTRF), the diversified mining royalty company, has announced an offtake milestone by one of its key portfolio constituents, and discusses its FY23 results to 31 December 2023. Trident holds a 2.50% Net Smelter return royalty over ASX-listed Anson Resources’ lithium projects in the Paradox Basin. It’s a direct beneficiary of Anson’s (ASX: ASN) potential offtake agreement with lithium-ion battery maker LG Energy Solution, which is also considering an investment into the Australian listed enterprise. Adam Davidson, CEO of Trident Royalties explains that offtakes of this nature and the scope for projects to expand are value catalysts for Trident shareholders and ones that come free of charge. "We don't have to pay any more for that royalty. We own it. The royalty becomes more valuable as these events occur.” In this interview with focusIR, investors will also learn: - How the basket of commodities in its portfolio shields investors from the volatility of spot prices - Why a strategy to seek and acquire royalties in companies that have near term value catalysts is key - Which assets are advancing towards positive cash flow - Why Trident has a lower cost of capital compared to others within the industry after securing a revolving debt facility in 1Q24 - The preservation of share capital and maintaining debt at manageable levels is the Company’s primary focus - Why a dividend is within Trident’s line of sight Davidson reminds investors about the company’s exposure to the Thacker Pass Lithium Mine in Nevada which is the largest known lithium deposit in the US and one of the largest in the world. “It's slated for first production in 2027 and then full production in 2028,” says Davidson. “It's now very de-risked in the sense that it's fully funded and it's entering construction. So, it's being de -risked materially over the last twelve months, but we want to get a little closer to cash flow before you want to start having cash flow out in the form of a dividend because there's no worse mistake you can make than to start a dividend and then have to frantically stop it.” He concludes that while he is ‘very, very happy with the results last year,’ he expects them to ‘be better this year.’ Reasons to add TRR to your Watchlist: - Diversified portfolio of battery mineral & precious metal assets - Revenues expected to step up significantly in FY24 and beyond as mine projects come online and the 4 material acquisitions added in 2023 come onstream - Lowered cost of capital, now with a flexible revolver facility, to fund further non-dilutive acquisitions - The portfolio has been significantly derisked in 2023 - Market conditions still favour royalty funding over equity capital #TRR #MiningRoyalties #Mining #investing

Our CEO, Sam Lee, recently wrote a letter to shareholders summarizing our strong 2024 results. You can read it here: https://bit.ly/4h6kNwV #copper #gold #exploration #resourceexpansion #explorationsucess #communitypartnerships #wellcapitalized #investing

This is a sign the junior gold market could pop off soon, and it is very close to home for me. Last week, I went to Australia to progress an acquisition for RUA Gold. We are expanding our stake in New Zealand’s Reefton Goldfield. Reefton is known for high-grade gold, with 2 million ounces of historical production, ranging from 10 g/t to 50 g/t. We’ve been building and developing our Reefton stake for over 5 years. We were able to accumulate 35,000 hectares that contain a number of past-producing mines. To us, this is very valuable land and we want more. So over the summer we announced a deal to acquire Siren Gold Limited's Reefton assets, which comprises around 80,000 hectares in the Reefton Goldfields. But we’re not the only ones who see value here —there’s another interested buyer. I explain much more in the video below. Check it out if you’ve been following the developments. If you haven’t, take it as another positive sign that interest in high-potential gold exploration projects is growing. Apologies in advance for the video setting, it was (and still is) a fast paced environment and The Deep Dive team did amazing work for the difficult background I was working in (as well as just coming off 26 hours of travel and jet lag). Watch the video on YouTube: https://lnkd.in/gPgQJskx

Great Boulder Resources (ASX:GBR) is divesting its non-core Whiteheads Gold Project in Western Australia via an equity deal that allows it to retain exposure to the asset. https://lnkd.in/g6kaUwHt #gold #divestment #westernaustralia #miningnews #ipo Andrew Paterson