17 July 2024
17 July 2024
China is the largest refiner of copper and will account for a forecast 46% of the market in 2030.
The financing comprises a C$222m brokered private placement from existing shareholders and an equity placement by Agnico Eagle.
Completion of the deal, contingent on regulatory approvals, is expected in the third quarter (Q3) of 2024.
Proceeds from the sale will be used by the company to develop its Jupiter Rare Earth discovery in Western Australia.
The Root & Cellar property is being explored for gold, silver, tellurium, and copper.
AIH purchased 9.42 million shares in Marimaca Copper, as well as subscribed to 5.73 million units through private placement.
For this deal, Star Diamond will issue 17.5 million common shares, valuing the transaction at $1.1m (C$1.51m).
Upon completion of the deal, Siren will hold a 30% stake in RUA Gold, and Siren chairman Brian Rodan will join the RUA Gold Board.
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