09 February 2024
09 February 2024
The company acquired a 100% interest in the property through cash and share payments.
The three companies have signed a framework agreement to combine their expertise and resources.
The mining company has struggled since the forced closure of its flagship mine in Panama.
The remarks come after Duncan Wanblad insisted in December that Anglo American “has no sacred cows”.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was $7.6bn for the full year 2023 (FY2023) and net debt was $2.9bn at year-end.
The company has set a target to begin commercial production at Baniaka by mid-2025.
For this deal, Silver One disbursed C$350,000 ($260,076) and issued ten million common shares over three years.
The company’s Dragon Niobium-REE Project encompasses a land area of 1,470km².
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