23 May 2024
23 May 2024
Gold prices reached $2,348.5 per troy ounce following President Raisi’s death and news of Saudi King Salman’s illness.
The revised plan seeks to capitalise on the state's industry growth since the last strategy refresh in 2020.
The company’s board has unanimously rejected the third takeover bid, citing complex structure and risks.
The new initiative is part of Saudi Arabia's broader strategy to become an electric vehicle (EV) hub.
The alliance will be executed in three stages, with BHP providing up to $20m (A$31m) for the project generation phase.
The investment will be executed via a two-tranche placement totalling more than A$5m ($3.33m).
Tinga Valley Copper & Gold holds the Tinga Valley Property, a 347km² copper-gold project in Papua New Guinea.
Phenom agreed to pay $150,000 (C$205,031) and issue 75,000 shares over a four-year period to fully exercise its option.
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