Latest Deals
The
Fortescue to buy remaining 64% of Alta Copper
Fortescue has entered a binding agreement to acquire the remaining 64% of Alta Copper shares it does not already own, through its subsidiary Nascent Exploration. The offer represents a 50% premium to Alta Copper’s 30-day volume‑weighted average price and values the company at C$139m ($100.92m). The deal will proceed via a Canadian plan of arrangement, with completion expected in the March quarter of 2026.
Equinox Gold agrees to sell Brazil portfolio to CMOC for $1.01bn
Canadian mining company Equinox Gold has agreed to divest its Brazil portfolio to a CMOC Group subsidiary for a total consideration of $1.01bn (C$1.39bn), to focus on North American growth. The sale includes its 100% interests in the Aurizona Mine, RDM Mine and Bahia Complex. The terms of the transaction provide Equinox Gold with $900m in upfront cash upon closing, subject to customary adjustments.
Talon Metals to acquire Lundin Mining US subsidiary
US-based Talon Metals has entered into a definitive share purchase agreement with Lundin Mining to acquire 100% of Lundin Mining US, the subsidiary that indirectly owns the Eagle Mine and Humboldt Mill. The deal will see Lundin Mining receive 275.2 million Talon shares, representing 18.4% of Talon’s issued and outstanding shares upon completion. The share consideration is valued at approximately $83.7m (C$115.43m).
Magnum to acquire Wet Mountains rare earth project in US
Magnum Mining and Exploration has signed a binding term sheet to acquire Wyoming Critical Minerals, the sole owner of the Wet Mountains rare earth element project in central Colorado, US. The Wet Mountains project has recorded historical assays, with total rare earth elements (TREE) reaching up to 7.99%, or 79,900 parts per million, from the exposed carbonatite dykes. A substantial anomalous zone grading between 2% and 4% TREE (around 20,000–40,000ppm) has also been identified.
