Mason Resources has entered an arrangement agreement with Hudbay Minerals, which allows the latter to acquire the remaining 86% of the issued and outstanding common shares of the former.
Hudbay has agreed to pay $0.40 in cash to Mason shareholders for each common share held by them in Mason, as part of the arrangement.
Mason Resources is an integrated mining company primarily producing copper, zinc, and molybdenum concentrates and zinc metal, while Hudbay Minerals is focused on copper exploration and development in the US.
Both firms are based in Canada.
Pelangio Exploration has entered a binding letter agreement with 2522962 Ontario (5SD Capital) to purchase all the issued and outstanding shares of the latter in an all-share deal.
Pelangio has agreed to issue one new Pelangio common share for every five 5SD Capital outstanding common shares held.
Both based in Canada, the acquirer is engaged in acquiring and exploring large land packages in gold belts in Canada and Ghana, while the target company is a private corporation engaged in mineral project generation and select exploration of Canadian mineral properties.
ConsenSys has acquired Planetary Resources through an asset purchase transaction.
The acquirer is a blockchain software technology company, while the target company develops and deploys asteroid mining technologies.
Both the companies involved in the transaction are based in the US.
Epiroc has acquired a 34% stake in ASI Mining, a subsidiary of Autonomous Solutions.
The investment in ASI Mining is in line with Epiroc’s strategy to diversify into automation and interoperability in the mining segment.
ASI Mining supplies technology solutions for the autonomous operation of mining vehicles, while Epiroc is a productivity partner for the mining, infrastructure and natural resources industries. Both firms are based in the US.
Eureka Resources has completed the previously announced acquisition of Kore Mining.
Eureka has issued more than 61 million common shares to the former security holders of Kore.
All security holders of Kore have exchanged their common shares for Eureka shares at an exchange rate of 3.28 per Eureka share for every one Kore common share, as part of the transaction.
Both parties are exploration stage companies in Canada.