21 February 2024
21 February 2024
Despite volatility in global commodity prices and increasing demand in China, BHP’s profits remained the same as last year.
Dumbwa is shaping up to be comparable in size to other major copper deposits in the region.
The acquisition aligns with Askari Metals' strategy to expand into uranium exploration.
The capital injection will be used to ramp up and complete the Premier Gold Project, which is nearing its operational phase.
Prosper Gold must pay C$725,000 ($535,838), issue 1,650,000 shares and incur C$2m in work expenditures to exercise the option.
ATCO can exercise the option by making cash payments, issuing shares to Standard Uranium and incurring exploration expenditures.
This development comes as the steel giant seeks to secure its supply of coking coal, a vital ingredient in steel production.
Companies must mine more sustainably, says Teck Resources CEO Jonathan Price. Only then will they reap the full benefits of critical mineral demand from the energy transition.
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