Aura Silver Resources has signed an agreement to acquire Intrepid Mines’ 26.5% joint venture interest in Taviche project in Oaxaca state, Mexico.
The acquisition by Aura Silver consolidates its ownership interest in the Taviche project to 100% and eliminates a potential 1.5% net smelter royalty to Intrepid.
Aura Silver believes that the transaction will simplify the ownership structure, and would have no impact on its cost of operations for the Taviche project.
Walter Energy has completed the previously announced sale of certain non-core assets in the US to Seminole Coal Resources, ERP Compliant Coke, and ERP Environmental Fund.
Under the agreement, Seminole has acquired Walter Energy’s assets in West Virginia, including the Gauley Eagle and Maple properties, as well as the Walter Coke facility and Taft in Alabama.
Seminole will assume certain liabilities related to the assets that are being acquired.
Anfield Nickel has signed an agreement to acquire Magellan Minerals.
The new company will have a post-deal market capitalisation of around $48m and will be owned 69.4% and 30.6% by Anfield and Magellan’s existing shareholders respectively.
Anfield has agreed to acquire Magellan by way of a court-approved plan of arrangement.
Saint Jean Carbon has entered two letters of intent (LoI) to acquire two past producing hydrothermal lump/vein graphite mines.
The Diamond Graphite mine and the Bell Graphite mine are located in south western Quebec.
The Diamond hydrothermal lump/vein graphite mine comprises 31 claims and the Bell hydrothermal lump/vein graphite mine consists of 13 claims.
Almadex Minerals has acquired three properties in Mexico from Alianza Minerals.
The properties Yago, Mezquites, and San Pedro have been acquired in return for a 1% NSR, which is capped at C$1m.
The Yago and Mezquites projects are located in Nayarit state, while the San Pedro property is in Jalisco State, Mexico.