Midway Gold and Waterton Global Resource Management have signed an agreement to sell Midway Gold US’ 30% interest in the Spring Valley joint venture to a subsidiary of Waterton Precious Metals Fund II Cayman for $25m.
Under the agreement, Waterton will acquire all of Midway’s interest in the JV and any other interests in real property and mining claims in Pershing County, Nevada, US.
Go deeper with GlobalData
The transaction is not subject to financing or additional due diligence.
Ensurge has entered into a joint venture with Ophir Group pursuant to which the latter provided $135,000 project capital in exchange for a royalty on gold production.
The JV project Bonu1 comprises 12 Banu mining claims near the Issano creek on the Mazaruni river.
See Also:
The project, which is one of two exploratory pilot land operations in the Mazaruni river region of Guyana, operates near Issano Creek.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataReservoir Minerals‘ subsidiaries Tilva and Global Reservoir Minerals have entered into an agreement with Rio Tinto Mining & Exploration relating to Reservoir’s four wholly owned exploration permits in the Timok Magmatic Complex.
The four permits include Nikolicevo, Kraljevica, Coka Kupjatra and Tilva Njagra in Serbia.
Under the terms of the agreement, Rio Tinto will have the option to earn up to a 75% interest in stages by sole funding project expenditure of up to $75m.
Telferscot Resources has signed a letter of intent (LOI) to sell 7.4% interest in Kolwezi Copper (KCC).
The sale will close in two tranches.
The first tranche of 575 KCC shares will close coincident with the execution of a definitive agreement and the second tranche of 2,200 KCC shares is expected to close in January next year.
Laramide Resources has signed a letter of intent (LOI) with Uranium Resources (URI) to acquire 100% of an advanced stage portfolio of In Situ Recovery projects in New Mexico.
Located within a large land package in the heart of the Grants Mining District in McKinley County, the properties consist of the Church Rock and Crownpoint projects.
Laramide will pay a total amount of $12.5m to URI for the acquisition.
