Deals this week: Marlin Gold Mining, Western Copper and Gold, Denison Mines

9 July 2015 (Last Updated July 9th, 2015 18:30)

Marlin Gold Mining has signed a letter of intent (LOI) with Canarc Resource whereby Canarc may acquire 100% of the shares in Oro Silver Resources, a wholly-owned subsidiary of Marlin.

Marlin Gold Mining has signed a letter of intent (LoI) with Canarc Resource whereby Canarc may acquire 100% of the shares in Oro Silver Resources, a wholly-owned subsidiary of Marlin.

Oro Silver owns the El Compas Gold-Silver Mining Project located in Zacatecas, Mexico.

Canarc will issue Marlin a total of 19 million Canarc shares in exchange for a 100% interest in Oro Silver based on an agreement.

Western Copper and Gold's wholly owned subsidiary Casino Mining and Tr'ondëk Hwëch'in have signed an agreement for cooperation in project assessment and other matters with regard to the Casino Project in Canada.

A portion of the Casino property is situated within the traditional territory of Tr'ondëk Hwëch'in.

Under the terms of the agreement, the parties will work to review, evaluate and discuss the project.

Denison Mines and Fission Uranium have signed a binding letter agreement in a bid to combine their respective businesses.

The transaction will create a new Canadian focused diversified uranium company.

Two uranium exploration and development projects including Fission's 100%-owned Patterson Lake South Project, and Denison's 60%-owned Wheeler River Project in the prolific Athabasca Basin will head the asset portfolio of the combined company.

Almonty Industries and Woulfe Mining have signed an collaboration agreement.

As part of the combination, Almonty will acquire all of the outstanding common shares of Woulfe by way of a court approved plan of arrangement.

The proposed agreement has received approval of the board of directors of Almonty as well as the board of directors of Woulfe.

Philippine Metals has completed its acquisition of all of the issued and outstanding shares of Compania Minera Coronado.

Compania holds a 100% interest in the Cuatro Ciénegas project.

Philippine Metals said the project comprises six concessions totalling about 3,408ha in the state of Coahuila, Mexico.