Meet the industry leaders who shape the Future of Mining in the Americas
location: Sofitel Sydney Wentworth, Australia
Meet the industry leaders who shape the Future of Mining in Australia
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Anglo's non-executive director Brinton steps down Leadership 26 SEP 2022
Atlantic moves closer to producing Ghana's first lithium... Feasibility 23 SEP 2022
Juniors to benefit from C$10M LIFE prospectus exemption... Regulation 21 SEP 2022
Glencore lifts stake in MARA project M&A 23 SEP 2022
Moody's turns negative on mining Profit & Loss 23 SEP 2022
Tudor Gold lands Eric Sprott funds Gold and Silver News 22 SEP 2022
Anglo's non-executive director Brinton steps down Leadership 26 SEP 2022
Glencore lifts stake in MARA project M&A 23 SEP 2022
Canadian miners land lithium-cobalt supply deals to... Energy Minerals News 23 SEP 2022
NickelSearch People to Make Difference From the Capital 22 SEP 2022
Europe's mining problem London to a brick 20 SEP 2022
Minor metals get their 15 minutes of fame Miner's right 20 SEP 2022
Anglo's non-executive director Brinton steps down Leadership 26 SEP 2022
Capital Limited hands the reins to Peter Stokes Leadership 05 SEP 2022
Rio's Nuton makes $25M investment in McEwen Copper... Copper News 01 SEP 2022
Polymetal shares slump as earnings fall Gold and Silver News 23 SEP 2022
Gold losing its lustre? Events Coverage 21 SEP 2022
Bluestone says referendum illegal Gold and Silver News 19 SEP 2022
Fortescue's green plans whacked by critics Sustainability 23 SEP 2022
"Don't be a hero" - Stoeferle Investment 20 SEP 2022
First Quantum focus on decarbonisation and expansion... Events Coverage 18 SEP 2022
Chaarat makes headway at Kyzyltash
Bedrock gold discovery adds to Kingwest reign
Zenith Minerals aiming for new heights with lithium focus
Mining Journal and MiningNews.Net Critical Minerals report
"The western world is in short supply of strategic minerals, such as copper, zinc, nickel, rare earths and graphite, to power the energy transition, with recent geo-political events putting security of supply into sharp focus," AEX CEO Eldur Olafsson said.
"Southern Greenland is one of the few remaining under-explored frontiers for these vital minerals. Our exploration work so far has given us confidence that South Greenland has the potential to host world-class deposits of strategic minerals," he said.
Chaarat makes headway at Kyzyltash
Bedrock gold discovery adds to Kingwest reign
Zenith Minerals aiming for new heights with lithium focus
Mining Journal and MiningNews.Net Critical Minerals report
The deal to establish the special purpose vehicle is in the form of a non-binding heads of terms and comes after more than a year of discussions.
Subject to the negotiation of final terms, ACAM is expected to invest GBP18 million (US$22 million) in exchange for a 49% shareholding in the SPV, with AEX holding the majority stake and managerial and operational control, AEX said. The company's gold assets are excluded from the JV.
And AEX expects its own contribution to be its non-precious mineral licences as well as GBP18.7 million. There is also the option for further funding of GBP10 million upon achievement of certain milestones.
AEX's strategic mineral assets cover an area of 7,615.85 kilometres2 in Southern Greenland.
"This deal puts a concrete initial value on the non-precious mineral assets in our portfolio for the first time. To reflect the broader mineral potential in AEX's portfolio, we will be changing the company's name to Amaroq Minerals Limited in the near future," Olafsson said.
AEX's share price was C$70 (US$54.66) on June 12, having risen 3% day on day. The company has a market capitalization of C$123.97 million.
Chaarat makes headway at Kyzyltash
Bedrock gold discovery adds to Kingwest reign
Zenith Minerals aiming for new heights with lithium focus
Mining Journal and MiningNews.Net Critical Minerals report
Agnico Eagle buys into Teck's US$1bn San Nicolás project
Two found guilty over Perkoa flood
Metals Company gets greenlight for seabed test
The long winding road for Alaska copper project
Pan American Silver increases resources at La Colorada Skarn
AEX to submit revised plan for Nalunaq in 2022
Emerging SA gold developer Barton Gold breaks the mould
AEX progressing Nalunaq in Greenland
Arrow Minerals on the gold discovery path in West Africa
North American gold miners seek copper
The long winding road for Alaska copper project
Trident appoints Richard Hughes as CFO
Moving swiftly to production more important than ever
100%-owned, large, brownfields project in Montana's Stillwater District
High Grade Silver asset in Canada's Yukon
Nova Royalty: Building the leading battery metals royalty company
Escalones: Chile's Largest, Undeveloped, OXIDE Copper Resource
Growing copper market faces down supply crisis
Casino primed to be world-class producer
Granite Creek Copper provide update on their Yukon project
Developing Canada's Premier Copper-Gold Mine
Moving swiftly to production more important than ever
100%-owned, large, brownfields project in Montana's Stillwater District
High Grade Silver asset in Canada's Yukon
Nova Royalty: Building the leading battery metals royalty company
Escalones: Chile's Largest, Undeveloped, OXIDE Copper Resource
Growing copper market faces down supply crisis
Casino primed to be world-class producer
Granite Creek Copper provide update on their Yukon project
Developing Canada's Premier Copper-Gold Mine
Agnico Eagle buys into Teck's US$1bn San Nicolás project
Two found guilty over Perkoa flood
Metals Company gets greenlight for seabed test
The long winding road for Alaska copper project
Pan American Silver increases resources at La Colorada Skarn
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