Latest Deals

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Chilean Sociedad Química y Minera de Chile (SQM) has signed a binding transaction implementation deed to acquire all the shares it does not already own in Australia’s Azure Minerals.  Earlier this year, Azure rejected SQM’s buyout bid that valued it at A$901.4m.

The deal implies A$1.63bn ($1.03bn) in fully diluted equity value for Azure, in which SQM already owns a 19.99% interest. Azure owns a 60% stake in the Andover lithium project in Australia.

Russian aluminium producer United Company Rusal International has agreed to acquire a 30% stake in Chinese alumina producer Hebei Wenfeng New Materials (HWNM) in a deal worth $261.6m. HWNM owns and operates a refinery in the Chinese province of Hebei with an annual capacity of 4.8 million tonnes of metallurgical grade calcined alumina.

Precious metals exploration company Allegiant Gold has completed the divestment of its Mogollon property in New Mexico, US, to Summa Silver. Summa Silver now owns a 100% stake in the property. The deal was completed after Summa issued 8.9 million of its shares to Allegiant Gold, at $0.4579 each, to complete the $3m phase two option payment.

ASX-listed exploration company Valor Resources has entered an agreement to acquire a 500km² land package sitting next to its Surprise Creek uranium copper project in the Canadian province of Saskatchewan, in a strategic move to expand its footprint around the Athabasca Basin. Valor is acquiring the land package through the acquisition of 1325020 BC, a private company that owns it.