Pursuant to the deal, Consolidated Uranium shareholders secured 0.5 shares of IsoEnergy for each share held.
Seabed mining is being supported on the grounds of securing a source for critical minerals and for creating jobs.
The pre-feasibility study (PFS), due to complete by 2025, was preceded by an ‘order of magnitude’ study that pegged initial project capacity at 40 million tonnes per annum (mtpa).
As per the agreed terms, Vanstar shareholders will get 0.2008 of an Iamgold share for each share held.
As per the agreed terms, Kaizen shareholders will get one Ivanhoe Electric (IE) share for every 127 shares held.
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The letter of intent with KEXIM follows last year’s offtake arrangement between Arafura, Hyundai and Kia.
Evolution plans to raise A$525m along with a debt facility of A$200m to fund the transaction.
The package includes around C$14.1m through a private placement offering of 11.7 million shares, at C$1.2 apiece.
Rio Tinto acquired a 50% interest in the Matalco business from Giampaolo Group, by paying $700m.
Glencore now has a 45% holding in MRN, with the remaining 55% stake owned between South 32, Rio Tinto and CBA.