Modern Quarrying Magazine’s Post

Reward Minerals Limited (ASX:RWD) CEO Lorry Hughes joins Proactive’s Tylah Tully to discuss the company’s efforts to raise $2.3 million through a share placement, selling over 38 million shares at $0.06 each, including one free attaching option per share. The funds will be used for an engineering scoping study focused on a #SulphateofPotash (SOP) project in Western Australia, using Reward’s proprietary processing technologies and components of the Beyondie Potash Plant, which the company aims to acquire. The company plans to engage with global entities in the solar salt, fertiliser and desalination sectors to explore joint ventures based on its #SOP technology. Hughes expressed that investor support reflects confidence in the company’s future, with the Beyondie acquisition being pivotal for its transformation into a leading SOP producer. Watch at #Proactive #ProactiveInvestors #ASX #RWD #Fertsilier #SulphateFertiliser http://ow.ly/C7Ug105MVsc

Here is the reality: Existing mines won't be enough for the coming demand. (unless investment EXPANDS substantially) ___ For exposure, you may consider: 🔹 Chakana Copper Corp. | PERU 🔹 BHP GROUP LIMITED | BHP 🔹 Freeport-McMoRan l FCX | FCX 📊 CRU #copper #EnergyTransition #decarbonisation

ECR Minerals Plc (AIM: ECR) has raised £950,000 before expenses through a subscription of 287,878,787 new shares at 0.33p, representing a discount of approximately 20.5% Chairman Nick Tulloch: "Through the Subscription we will be funded for our planned 2025 programme, meaning that whilst we seek to conclude what could be a valuable sale of our tax losses, held in our subsidiary MGA, we can commence detailed preparations for the coming year.  A particular highlight is our intention to prepare Blue Mountain to be capable of going into production and our assessment of the commercialisation of that project is already well underway.  We are also optimistic about our opportunities at Lolworth where our partnership with the GSQ adds further validity to the potential breadth of that project.  Nearer term, the initial drilling results at Tambo announced last week point to what could also be a very promising ongoing campaign there." read: https://lnkd.in/eQTPjA2t Andrew Scott

Rio Tinto to buy more stake in Boyne aluminium smelter Rio Tinto is set to increase its stake in Boyne Smelters (BSL), the owner and operator of the Boyne Island aluminium smelter in Gladstone, Australia, to 73.5%. This move follows agreements to acquire Mitsubishi’s 11.65% interest and Sumitomo Chemical Company’s 2.46% interest in BSL. The acquisition, subject to approval from Australia’s Foreign Investment Review Board, is expected to be finalized in the second half of 2024. Upon completion, the BSL joint venture will consist of: Prior to these transactions, Rio Tinto held a 59.4% ownership in Australia’s second-largest aluminium smelter. BSL has seen tremendous growth since its inception in 1982, with capacity soaring from 210,000 t/y to over 500,000 t/y of aluminium thanks to a series of multimillion-dollar investments. Rio Tinto is committed to a competitive low-carbon future for its Gladstone operations. The company recently signed a power purchase agreement with European Energy Australia to support the development of Australia’s largest solar power project near Gladstone. The 1.1 GW Upper Calliope Solar Farm will supply renewable power to the Gladstone operations for the next 25 years. https://lnkd.in/ei8vVHdH #aluminium #australia

An awesome result for Suvo Strategic Minerals (ASX: SUV) earlier this year with their oversubscribed share purchase plan. Here are a few effective steps they took to maximise the success of their capital raise. Visit the SUV investor hub: https://lnkd.in/giFw_RPJ #investormarketing #shareholderengagement #investorrelations #capitalmarkets #capitalraise

Time to buy gold stocks! See below on Astra (TSXV: ASTR). I also participated heavily in this financing, along with Michael Gentile, insiders, and Mason Resources. Why? We know a key asset inside-out as it was in Arena Minerals before it's transformation into lithium (later acquired by Lithium Americas). But also the new asset in Argentina is likely to provide for some head-turning results, in a jurisdiction where the Lundin family is betting the farm! Extremely tight capital structure, including strong insider ownership, and Michael Gentile and Peter Marrone (who knows the area well with El-Penon to the south) as key shareholders.... Multi-bagger in the making... ALSO: something you don't see everyday: all shares issued from this financing are subject to a 12-month hold period, which speaks volume to the quality of investors and what shareholders foresee for this company... Michael Gentile #gold #silver https://lnkd.in/g_-JeTrx

Europa Metals to acquire Tynagh brownfield lead-zinc-copper-silver project @LtdEuropa #AIM #JSE #EUZ. Europa Metals Ltd (AIM:EUZ, JSE:EUZ) is to acquire the Tynagh brownfield project in County Galway, Ireland. Through a reverse takeover, the company is acquiring what’s described as an advanced recycling and rehabilitation project. Tynagh focus is on the recycling and rehabilitation of an area, a mine site that operated in the 1970s and 80s, that currently has a surface mineral resource of 6.65 million tonnes – comprising lead, zinc, copper and silver. The transaction sees Europa acquire the project’s owner Viridian Metals, which in recent years has completed... http://ow.ly/pwuL105IVQV

We are thrilled to announce that our Port Colborne Refinery in Ontario has successfully participated in the Responsible Minerals Initiative (RMI) Responsible Minerals Assurance Process (RMAP) and is now the first RMI certified cobalt refinery in Canada! ✅   Here are some key highlights of the RMAP: 🔍 Independent Assessment: RMAP uses independent third-party assessments to evaluate the management systems and sourcing practices of smelters and refiners, validating their conformance with RMAP standards. 📜 Standards Compliance: The RMAP standards meet the requirements of the OECD Due Diligence Guidance, the EU Regulation 2017/821, and the U.S. Dodd-Frank Act. 📢 Public Listings: Smelters and refiners that participate in the RMAP are publicly listed, allowing downstream companies to make informed sourcing decisions.   Port Colborne Refinery’s conformance speaks to the hard work and effort from the corporate and site teams. We are proud of our employees for their preparations ahead of the assessment, and for the exemplary standards and quality they demand at Port Colborne Refinery. 🏆 By prioritizing our commitment to responsible sourcing endeavours, Vale Base Metals is ensuring that our LME registered brands are products of choice for our customers and that we serve as an example in the responsible mineral supply chain.   #EnergyTransitionMetals #WeAreValeBaseMetals #ResponsibleMining

Suvo Strategic Minerals (ASX: SUV) has strengthened its capacity to develop and commercialise the Intellectual Property (IP) for #LowCarbonCement (green cement) on fielding firm commitments for $2 million in an oversubscribed placement at $0.048 per share. The placement attracted the support of a number of existing investors and, significantly, shareholders of PERMAcast, Western Australia’s leading supplier of precast and prestressed concrete products, will take up 15%. Suvo welcomes the shareholders of PERMAcast and other new institutional investors to its register as it drives development and commercialisation activities with respect to its licensed low-carbon cement IP. Executive chairman Aaron Banks said: “On behalf of the board, I would like to thank our new and existing shareholders for their support in the placement..." More at #Proactive #ProactiveInvestors #ASX #SUV #GreenCement #SustainableManufacturing http://ow.ly/Pf29105MIfP

#ASXNews Latin Resources Limited provides the following update in relation to the proposal for by Pilbara Minerals Limited (ASX: PLS) to acquire 100% of the fully paid ordinary shares in Latin Resources by way of a scheme of arrangement (Share Scheme) and 100% of the options in Latin Resources by way of an option scheme of arrangement (Option Scheme). COURT ORDERS The Supreme Court of Western Australia has today made orders: • that Latin Resources convene and hold: - a meeting of Latin Resources shareholder to consider and vote on the Share Scheme (Share Scheme Meeting); and - a meeting of Latin Resources optionholders to consider and vote on the Option Scheme (Option Scheme Meeting), (together, the Scheme Meetings); and • approving the distribution to Latin Resources securityholders of an explanatory statement providing information about the Share Scheme and Option Scheme and the notices of meeting for the Scheme Meetings (Scheme Booklet). DEMERGER In conjunction with the Schemes, Latin Resources is also proposing to undertake a demerger of its non-core Australian, Peruvian and Argentinian mineral exploration assets and projects by way of a transfer of those assets such that they are held (directly or indirectly) by ESG Minerals Limited and a capital reduction and in specie distribution of fully paid ordinary share in ESG Minerals Limited (Demerger). Latin Resources will also convene a general meeting of Latin Resources shareholders to consider a proposed resolution approving the capital reduction and in-specie distribution (Demerger Meeting). The Scheme Meetings and Demerger Meeting will take place in person on Thursday, 16 January 2025 The Scheme Booklet is expected to be released to ASX on Friday 29 November 2024 following registration with the Australian Securities and Investments Commission. View full Announcement: https://loom.ly/JcjCSnc #LRS #LatinResources #PilbaraMinerals #PLS #Acquisition