First Quantum Minerals

SailingStone Confident in First Quantum Minerals Ability to Navigate Options

Retrieved on: 
Tuesday, January 23, 2024
Professional Services, Other Natural Resources, Mining, Minerals, Alternative Energy, Natural Resources, Energy, Finance, Quantum, TSX, First Quantum Minerals

SailingStone is supportive of management’s efforts to address balance sheet concerns.

Key Points: 
  • SailingStone is supportive of management’s efforts to address balance sheet concerns.
  • Managing Partner MacKenzie Davis noted that the company previously has navigated successfully through similar challenging circumstances.
  • SailingStone recognizes First Quantum Mineral’s desire for a peaceful resolution in Panama.
  • “We are confident that the First Quantum team will work through all of its options to arrive at a reasonable conclusion that reflects the billions of dollars that shareholders have invested in Cobre Panama,” stated Davis.

Atlas Lithium Secures US$ 20,000,000 Investment from Lithium Investors Including Lead Advisor Martin Rowley

Retrieved on: 
Wednesday, November 8, 2023
Lithium, Copper, Atlas, First Quantum Minerals, Mining, Galaxy Resources, Growth, Investment, Security (finance), Environment

Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.

Key Points: 
  • Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.
  • Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium.
  • Atlas Lithium was offered and has entered into an agreement that establishes a US$ 20,000,000 three-year unsecured convertible note led by Mr. Rowley along with other experienced lithium investors (the "Investment").
  • However, the biggest benefit is to have the expertise of astute lithium investors, including Mr. Martin Rowley, aligned with our strategy."

Endeavour Silver Announces Appointment of Chief Financial Officer

Retrieved on: 
Tuesday, December 5, 2023
Accounting, First Quantum Minerals, CFO, EDR, Mining, Retirement, Treasury, University of Oxford, TSX, Management

VANCOUVER, British Columbia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) is pleased to announce the appointment of Elizabeth Senez as the Company’s Chief Financial Officer (“CFO”), effective January 1, 2024.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) is pleased to announce the appointment of Elizabeth Senez as the Company’s Chief Financial Officer (“CFO”), effective January 1, 2024.
  • Concurrent with Ms. Senez’s appointment, Christine West, the current CFO, will be transitioning to retirement.
  • Her extensive financial expertise in mining and corporate finance, makes her a great fit with our focus on advancing Terronera,” stated Dan Dickson, Chief Executive Officer.
  • Her most recent positions include serving as Chief Financial Officer for a group of exploration companies headquartered in Vancouver, BC, formed through a series of acquisitions and spin outs.

First Quantum Provides Operational Update at Cobre Panama

Retrieved on: 
Monday, November 13, 2023
El Cobre, Safety, Workforce, Commerce, Nature, First Quantum Minerals, Health, MPSA, S&P, International law, Agriculture, TSX, News

TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that its subsidiary, Minera Panama S.A. (“MPSA”), has begun to reduce ore processing operations at the Cobre Panama mine.

Key Points: 
  • TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that its subsidiary, Minera Panama S.A. (“MPSA”), has begun to reduce ore processing operations at the Cobre Panama mine.
  • Cobre Panama has reduced its processing operations by ramping down one ore processing train while two remain operational.
  • Cobre Panama contributes approximately 5 percent of Panama’s GDP and makes up 75 percent of the country’s export of goods.
  • After ten years in Panama, First Quantum remains committed and open to constructive dialogue to address the concerns raised by the people of Panama and in the interest of establishing a long-term relationship.

Developments in Panama

Retrieved on: 
Friday, December 1, 2023
Ministry, NYSE, Canada–Panama Free Trade Agreement, Annual report, Commerce, Government, First Quantum Minerals, FNV, Failure, TSX, News, Free trade, Franco-Nevada

TORONTO, Dec. 1, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), has provided a further update in respect of recent comments made by the President of Panama, Laurentino Cortizo, regarding a transition process for the closure of the Cobre Panama mine.

Key Points: 
  • TORONTO, Dec. 1, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), has provided a further update in respect of recent comments made by the President of Panama, Laurentino Cortizo, regarding a transition process for the closure of the Cobre Panama mine.
  • For more detailed information, please refer to First Quantum's news release dated December 1, 2023.
  • Franco-Nevada also reports that, on November 23, 2023, the Company notified the Ministry of Commerce and Industry of Panama of its intent to initiate arbitration to enforce its rights under international law pursuant to the Canada-Panama Free Trade Agreement.
  • Similar to the notice filed by First Quantum on November 14, 2023, the Company's notice facilitates consultations between the Government of Panama and the Company under the Free Trade Agreement in order to avoid the need to file any such arbitration.

Cobre Panama Additional Operations Update and Revised Franco-Nevada Guidance

Retrieved on: 
Monday, November 20, 2023
NYSE, Platinum, Annual report, Risk, Gold, Supreme court, First Quantum Minerals, Palladium, GEO, Metal, Republic, MPSA, Silver, FNV, Total, TSX, Franco-Nevada

Given the recent curtailment of operations at Cobre Panama and the risk of further disruptions at the mine, Franco-Nevada is adjusting its guidance for 2023.

Key Points: 
  • Given the recent curtailment of operations at Cobre Panama and the risk of further disruptions at the mine, Franco-Nevada is adjusting its guidance for 2023.
  • Franco-Nevada's original guidance was 490,000 to 530,000 Precious Metal GEOs and 640,000 to 700,000 Total GEOs.
  • Franco-Nevada is revising its guidance to 480,000 to 500,000 Precious Metal GEOs and 620,000 to 640,000 Total GEOs.
  • The outcome of these matters could have a material adverse impact on the revenue Franco-Nevada derives from its streaming arrangements relating to Cobre Panama and on Franco-Nevada's results of operations and financial condition.

Atlas Lithium Secures US$ 20,000,000 Investment from Lithium Investors Including Lead Advisor Martin Rowley

Retrieved on: 
Wednesday, November 8, 2023
Lithium, Security (finance), Mining, Investment, Copper, First Quantum Minerals, Environment, Growth, Galaxy Resources, Atlas, Galaxy

Boca Raton, Florida--(Newsfile Corp. - November 8, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium. In 1996, Mr. Rowley co-founded First Quantum Minerals Ltd., one of the largest copper companies in the world. In 2009, he recognized the potential of lithium and became Chairman of Lithium One Inc., and later Chairman of Galaxy Resources Ltd. after it merged with Lithium One. Mr. Rowley led significant growth in Galaxy, ultimately resulting in the merger with Orocobre Ltd. in 2021 which created global lithium producer Allkem Ltd. He retired as Chairman of Allkem in November 2022.

Key Points: 
  • Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.
  • Boca Raton, Florida--(Newsfile Corp. - November 8, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium.
  • Atlas Lithium was offered and has entered into an agreement that establishes a US$ 20,000,000 three-year unsecured convertible note led by Mr. Rowley along with other experienced lithium investors (the "Investment").
  • However, the biggest benefit is to have the expertise of astute lithium investors, including Mr. Martin Rowley, aligned with our strategy."

First Quantum Provides Update on Panama

Retrieved on: 
Friday, November 3, 2023
Supreme court, Government, Social impact assessment, MPSA, Mining, National Assembly, Copper, Workforce, News, Biophysical environment, Justice, Nature, IEA, Assembly, First Quantum Minerals, Economic development, Role, TSX, Supreme Court of Justice of Costa Rica, Canal

TORONTO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) notes that during the week commencing October 30, 2023, the National Assembly of Panama held ordinary and extraordinary sessions concerning Bill 1109 and Bill 1110. Bill 1109 relates to the initially proposed popular consultation regarding Law 406. Law 406, enacted on October 20, 2023 by the National Assembly of Panama, approved the revised contract for the Cobre Panama mine agreed between the Company’s Panamanian subsidiary, Minera Panama S.A, (“MPSA”), and the Government of Panama. Bill 1110 originally proposed a moratorium on the granting of new concession contracts related to mining in Panama.

Key Points: 
  • Law 406, enacted on October 20, 2023 by the National Assembly of Panama, approved the revised contract for the Cobre Panama mine agreed between the Company’s Panamanian subsidiary, Minera Panama S.A, (“MPSA”), and the Government of Panama.
  • Bill 1110 originally proposed a moratorium on the granting of new concession contracts related to mining in Panama.
  • First Quantum is proud of its contribution to Panama.
  • The copper produced by Cobre Panama in 2022 would be enough for more than 6 million electric cars2.

First Quantum Provides Update on Panama

Retrieved on: 
Tuesday, October 31, 2023
Supreme court, Biodiversity, National Assembly, Election commission, Government, History, News, Empowerment, Justice, Nature, Employment, First Quantum Minerals, Safety, TSX, Supreme Court of Justice of Costa Rica, Audit

Law 406, recently enacted by the National Assembly of Panama, approved the Company’s Panamanian subsidiary’s, Minera Panama S.A (“MPSA”), revised contract for the Cobre Panama mine.

Key Points: 
  • Law 406, recently enacted by the National Assembly of Panama, approved the Company’s Panamanian subsidiary’s, Minera Panama S.A (“MPSA”), revised contract for the Cobre Panama mine.
  • First Quantum has contacted the government in order to understand the details in respect of the popular consultation.
  • The Company also notes the comments by the Electoral Commission of Panama in respect of the legal and logistical considerations in respect of the popular consultation.
  • First Quantum has always been an advocate of Panama and its people and is committed to the rule of law with the objective to achieve benefits the country, its citizens, the Company and its stakeholders.

Cobre Panamá Mining Concession Contract Enacted Into Law in Panamá

Retrieved on: 
Sunday, October 22, 2023
Contract management, Tax, National Assembly, Official, Workforce, News, Nature, Environment, Concession (contract), Assembly, Official Gazette, First Quantum Minerals, TSX, First

TORONTO, Oct. 22, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announced today that Law 406, which approves the refreshed mining concession contract (“Concession Contract”) for the Cobre Panamá mine, was published in the Official Gazette of Panamá on October 20, 2023.

Key Points: 
  • TORONTO, Oct. 22, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announced today that Law 406, which approves the refreshed mining concession contract (“Concession Contract”) for the Cobre Panamá mine, was published in the Official Gazette of Panamá on October 20, 2023.
  • On the same day, President Laurentino Cortizo sanctioned Bill 1100 into Law 406 and this was subsequently published in the Official Gazette.
  • The enactment of Law 406 marks the final step in revising the legal framework for the Cobre Panamá mine.
  • “We are pleased that the revised contract establishes the basis for a renewed long-term relationship between Panamá and First Quantum.