Aftermath Silver has agreed to purchase Minera Mandalay Challacollo Limitada from the Mandalay Resources Corporation for C$11.625m ($8.92m).
Canada-based Aftermath Silver is primarily engaged in the acquisition, exploration and development of mineral properties, while Minera Mandalay Challacollo is the owner of the Challacollo silver-gold project in Chile.
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Mandalay Resources is a Canadian company that specialises in the acquisition, exploration and development of mineral properties.
LeadFX has signed a definitive documentation agreement to divest its indirect equity and debt interests in the Chief Consolidated Mining Company to Ruby Hollow LLC and 321888 LLC for a sum of $4.5m.
LeadFX owns an 83.5% interest in the common shares of Chief, which were acquired via its wholly owned subsidiary 9182357 Canada.
Riverfield Capital has engaged Tharp & Associates as adviser for the transaction.
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By GlobalDataThe acquirer companies are Canadian special purpose organisations associated with Riverfield Capital, while the Chief Consolidated Mining Company is based in the US.
Jervois Mining has acquired 7.249 million shares, equivalent to approximately 4.54% of the total outstanding shares, in eCobalt Solutions (eCobalt) from Australia-based hedge funds Tribeca Investment Partners and Regal Funds Management.
Jervois is an Australian mining and exploration company, while Canada-based eCobalt is the sole owner of the Idaho cobalt project in the US.
Resource Development Group Limited (RDG) has agreed to acquire an 80% equity stake in Mineral Solutions Australia (MSA) for A$2.8m ($2.08m).
The company has executed a share sale and purchase agreement with the vendors in support of the acquisition, which includes personal entities of Michael Harrington and Blake Stanley.
Each MSA vendor will continue to hold a 10% equity stake in the company and is set to remain with MSA in an executive capacity, in addition to helping manage the business.
RDG provides diversified services to the resource, infrastructure and energy sectors, while MSA holds three wholly owned subsidiaries, which are engaged in the materials handling, screening and ore sorting industries.
Both companies involved in the transaction are based in Australia.
