23 April 2024
23 April 2024
Miners in Australia are feeling the brunt of the global nickel price crash, from mine closures to forecast reductions and government intervention. How did things get so bad and is recovery possible? Annabel Cossins-Smith investigates.
The company has sold its stake in Troilus Gold for approximately $8.8m (A$13.67m) to focus on its lithium projects.
IRH’s offer for a controlling stake is non-binding and talks are ongoing, one of the sources said.
The commercial-scale micronising facility is expected to produce up to 4,000 tonnes (t) annually.
The transaction will see the issuance of 50 million common shares at C$0.40 each.
Shareholders of Base Resources are poised to receive both Energy Fuels shares and a cash dividend.
The new plant will be supplied with nearly two million tonnes per annum (mtpa) of copper concentrate.
The funds will be used to cover construction costs for an annual production capacity of 400,000 tonnes (t).
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