BHP, Lundin Mining agree to jointly acquire Canada’s Filo
BHP and Lundin Mining will provide interim financing to Filo through a C$115m ($83.1m) share placement.
30 July 2024
30 July 2024
BHP and Lundin Mining will provide interim financing to Filo through a C$115m ($83.1m) share placement.
Sulphur is an extremely useful element and has properties that can translate to survival on Mars.
The arrangement was previously approved by 96.3% of votes cast by Nevada King shareholders at the annual and special meetings.
The acquisition forms part of Panther Minerals’ efforts to focus on underexplored uranium properties in the US.
The project offers exploration prospects with identified trends over a 10km strike length and mineralised zones up to 200m wide.
The acquisition will double the size of Cosa Resources’ Orbit Uranium Project.
The acquisition, covering approximately 300km², is set to consolidate Dreadnought's position in the area.
This deal offers a low-cost entry into a region known for its prospective copper, lead, zinc and gold mineralisation.
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