Morning Briefing: Rio Tinto Acquires Arcadium Lithium in an All-Cash Deal
Big new overnight as Rio Tinto does their first big deal in 17 years. Americas Gold and Silver announced it has entered into a binding agreement with an affiliate of Eric Sprott and Paul Andre Huet under which Americas will acquire the remaining 40% interest in the Galena Complex in Idaho to consolidate the current Galena joint venture. Metals Acquisition Limited to raise US$103M. Southern Cross Gold has initiated a regional IP survey at Sunday Creek. Arizona Sonoran closes its $34.5M financing.
This episode of Mining Stock Daily is brought to you by...
Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport. Grid power and the Union Pacific Rail line situated at the base of the Cactus Project main road. With permitted water access, a streamlined permitting framework and infrastructure already in place, ASCU's Cactus Mine Project is a lower risk copper development project in the infrastructure-rich heartland of Arizona.For more information, please visit www.arizonasonoran.com.
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
Minera Alamos is a gold developer and producer with its first low capex mine, Santana, continuing to work through start-up development. The company is also advancing the Cerro de Oro project through the permitting process. Minera is built around its operating team which brought 4 mines into production in Mexico over the last 13 years. It is fully funded with over $20-million dollars in working capital. Learn more at mineraalamos.com.
