24 April 2024
24 April 2024
The deal will be financed through a combination of a three-year term loan and bought deal equity financing.
The transaction includes a cash payment of A$500,000 ($322,484) and A$1m in Cobra shares to Andromeda's subsidiary.
The addition of new licences brings the total number of graphite mining licences in the projects to 35, spanning around 337 hectares (ha).
The merger will see GMIN acquire RGD's Oko West Project in Guyana, located within the mineral-rich Guiana Shield region.
The transaction will be settled via the issuance of New Found shares to LabGold.
The initial gold pour at the Premier Gold Project was achieved using gold recovered through the gravity circuit.
A fully battery-electric trolley truck was deployed on a test track at Boliden’s Kristineberg mine, with a 13% incline.
This transaction will see Nickelex earning a 100% interest in nine claims, which together cover 3,583 hectares.
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