Deals this week: Alamos Gold, Denison Mines, NewLead Holdings and more

17 January 2013 (Last Updated January 17th, 2013 18:30)

Mexico-focused gold miner Alamos Gold has made a bid to acquire Canadian firm Aurizon Mines for CDN$780m ($792m).

Mexico-focused gold miner Alamos Gold has made a bid to acquire Canadian firm Aurizon Mines for CDN$780m ($792m).

Alamos holds a 16% interest in Aurizon and owns eight projects in the Abitibi region of northwestern Quebec, including the operating Casa Berardi mine.

This is the most recent of several bids that Alamos has made over the years to acquire Aurizon.

Uranium exploration and development company Denison Mines has agreed to acquire Canada-based Fission Energy for $70m.

Following the completion of the transaction, Fission shareholders will own approximately 11% of Denison.

Denison president, CEO and director Ron Hochstein said that the transaction supports the company's strategy to become the leading explorer in the Athabasca Basin.

Greek shipping and commodity firm NewLead Holdings has signed an agreement to purchase title and excavation rights in properties containing 18.6 million tonnes of coal reserves for $11m.

The company has also agreed to acquire ownership and leasehold interests in properties containing 143.1 million tonnes of coal for $55m.

Canada Carbon has closed the previously-announced agreement with Quebec Inc. to acquire the Miller, Walker and Dun Raven graphite mining claims located in Montreal and Ottawa.

Canada Carbon CEO Paul Ogilvie stated, "The Miller property will add great value to our business model; the opportunity to own a lump/vein graphite project is very exciting, we look forward to starting work as soon as possible."

Vancouver-based precious metal exploration and development company Balmoral Resources has completed the acquisition of of the Martiniere, Fenelon and N2 Properties in Quebec from Cyprus Canada.

The company also completed the previously-announced acquisition of the Detour East Property.

Canada-based mining development company Focus Graphite has signed a definitive option agreement to purchase Lara's wholly-owned Canindé graphite project located in Ceará State, northeastern Brazil.

Under the agreement terms, Lara granted Focus two separate options to acquire a 60% undivided interest in the property.