Inca One Gold has entered a definitive purchase agreement with Equinox Gold to acquire 100% ownership of Anthem United for C$16.3m ($12.4m) in cash and shares.
The company will also acquire approximately $4.2m in historical general sales tax, or ‘Impuesto General a las Ventas’ (IGV), related to the construction of the Koricancha ore processing facility and has agreed to pay Equinox for half of the amount collected.
Anthem United currently holds 90.14% interest in the Koricancha facility in Peru.
Inca One Gold is a mineral resource and mineral processing company, while Equinox Gold is a multi-asset mining organisation.
Both companies are based in Canada.
Thalheimer Brothers has acquired Mega Metals, an India-based company focused on the recycling of titanium turnings and solids.
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US-based Thalheimer Brothers is primarily engaged in speciality metal processing operations.
Pedro Resources has acquired all of the issued and outstanding shares in Colorado Vanadium, which owns 100% interest in the Graysill property in Colorado, US.
Pedro will issue 11.5 million common shares, priced at $0.20 a share, along with 5.75 million consideration warrants to Colorado’s existing shareholders as part of the deal.
The consideration warrants will entitle the holder to acquire a common share in Pedro, priced at $0.30 a share, within two years of the closure date.
Pedro has also agreed to pay $450,000 to the vendors at the closing date and a further $450,000 on the first anniversary of the deal’s closing, in addition to a 2.5% net smelter royalty.
Pedro Resources is focused on vanadium exploration and development, while Colorado Vanadium is a private company.
Both organisations involved in the transaction are based in Canada.
Pengxin International Mining plans to acquire Agincourt Resources (Singapore) for up to $1.1bn by setting up a special-purpose vehicle in Hong Kong.
Pengxin is a Chinese company that specialises in the international acquisition, exploration, development and marketing of mineral-related properties, while Singapore-based Ahincourt Resources is engaged in the management and operation of the Martabe gold mine in Sumatra, Indonesia.