United Western Minerals Company

Golden Minerals Completes Sale of Santa Maria Gold-Silver Property

Retrieved on:

Tuesday, December 5, 2023

Mining, Minerals, Natural Resources, Sale, NSR, NYSE, TSM, TSX, United Western Minerals Company, VAT, Value-added tax, Amusement park, Golden

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) is pleased to announce that on December 1, 2023, it completed the previously-announced sale of its interests in the Santa Maria gold-silver property located in Chihuahua State, Mexico to Transformaciones y Servicios Metalurgicos S.A. DE C.V. (“TSM”).

Key Points:

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) is pleased to announce that on December 1, 2023, it completed the previously-announced sale of its interests in the Santa Maria gold-silver property located in Chihuahua State, Mexico to Transformaciones y Servicios Metalurgicos S.A. DE C.V. (“TSM”).
Upon closing, the Company has received (all figures in USD) $1.50 million plus $0.24 million in Value Added Tax (“VAT”).
TSM has granted Golden a 1.5% net smelter return (“NSR”) royalty on the Santa Maria concession, capped at $1 million.
TSM may purchase from Golden the right to receive the NSR royalty for $0.5 million at any time prior to TSM beginning commercial production at Santa Maria.

Golden Minerals Begins Producing Gold-Bearing Pyrite Concentrate at Velardeña

Retrieved on:

Tuesday, November 21, 2023

Mining, Minerals, Natural Resources, Gold, NYSE, TSX, United Western Minerals Company, Silver, Extractive metallurgy

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) is pleased to announce it has begun producing gold-bearing pyrite flotation concentrate from its Velardeña Properties in Durango State, Mexico.

Key Points:

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) is pleased to announce it has begun producing gold-bearing pyrite flotation concentrate from its Velardeña Properties in Durango State, Mexico.
The Company is processing material that has been stockpiled at Velardeña since the mines last operated in 2015.
The material was only partially processed during past operations and a gold and silver bearing pyrite concentrate has not previously been separated from the material.
During periods of past operations, concentrate sales terms were uneconomic for the gold-bearing pyrite concentrate that comes from Velardeña.

Golden Minerals Reports Third Quarter 2023 Financial Results

Retrieved on:

Friday, November 10, 2023

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) has today released financial results and a business summary for the quarter ending September 30, 2023.

Key Points:

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) has today released financial results and a business summary for the quarter ending September 30, 2023.
During the third quarter of 2023, the Company continued to process material which had been stockpiled from the Rodeo mine.
The lower net operating margin in the third quarter 2023 compared to the third quarter of 2022 was due mainly to the processing of the stockpiled material in the third quarter 2023 which had lower grades than the mined material processed in the third quarter of 2022.
This Form 10-Q is available on the Company’s website at Golden Minerals Company - SEC Filings .

Golden Minerals Announces Closing of US$4.2 Million Public Offering

Retrieved on:

Wednesday, November 8, 2023

Mining, Minerals, Natural Resources, Sale, Free File, Security (finance), United Western Minerals Company, Park Avenue, NYSE, Form, Exercise, 3rd Floor, Prospectus, Series, TSX, Golden

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

Key Points:

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The gross proceeds from the offering were approximately $4.2 million, prior to deducting placement agent’s fees and other offering expenses payable by Golden.
Golden intends to use the net proceeds from the offering for working capital and other general corporate purposes.
The offering of the securities described above was made only by means of a prospectus forming part of the effective registration statement relating to the offering.

Golden Minerals Announces US$4.2 Million Public Offering

Retrieved on:

Monday, November 6, 2023

Mining, Minerals, Natural Resources, Sale, Free File, Security (finance), United Western Minerals Company, Park Avenue, NYSE, Form, Exercise, 3rd Floor, Prospectus, Series, TSX, Golden

Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) is pleased to announce the pricing of its public offering of an aggregate of 6,000,000 shares of its common stock (or common stock equivalents in lieu thereof), Series A warrants to purchase up to 6,000,000 shares of common stock and Series B warrants to purchase up to 3,000,000 shares of common stock, at a public offering price of $0.70 per share of common stock (or common stock equivalent in lieu thereof) and accompanying warrants.

Key Points:

Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) is pleased to announce the pricing of its public offering of an aggregate of 6,000,000 shares of its common stock (or common stock equivalents in lieu thereof), Series A warrants to purchase up to 6,000,000 shares of common stock and Series B warrants to purchase up to 3,000,000 shares of common stock, at a public offering price of $0.70 per share of common stock (or common stock equivalent in lieu thereof) and accompanying warrants.
The offering is expected to close on or about November 8, 2023, subject to the satisfaction of customary closing conditions.
The gross proceeds from the offering are expected to be approximately $4.2 million, prior to deducting placement agent’s fees and other offering expenses payable by Golden.
Golden intends to use the net proceeds from the offering for working capital and other general corporate purposes.

Golden Minerals Files Updated PEA for Velardeña Project

Retrieved on:

Friday, September 15, 2023

Mining, Minerals, Natural Resources, Technical report, TSX, QP, United Western Minerals Company, SEDAR, NYSE, NI, Cryptocurrency

Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) announced today that it has filed an updated technical report for its Velardeña Properties.

Key Points:

Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) announced today that it has filed an updated technical report for its Velardeña Properties.
The report is entitled “Preliminary Economic Assessment Update NI 43-101 Technical Report of the Velardeña Project” with an issue date of August 18, 2023.
The technical report is available for review on SEDAR at SEDAR+ - Landing Page (sedarplus.ca) and on the Company’s website at https://www.goldenminerals.com/projects/technical-reports/ .
The report was prepared by the following Qualified Persons as defined by NI 43-101:
The contents of this press release have been reviewed and approved by Mr. Warren Rehn, QP MMSA, President and Chief Executive Officer of Golden Minerals Company.

Golden Minerals Receives NYSE Acceptance of Plan to Regain Listing Compliance

Retrieved on:

Wednesday, August 23, 2023

Mining, Minerals, Natural Resources, NYSE American, TSX, United Western Minerals Company, NYSE

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) announced today that the NYSE American (the “NYSE”) has accepted the Company’s business plan to regain compliance with the continued listing standards set forth in Section 1003(a)(iii) of the NYSE American Company Guide.

Key Points:

Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) announced today that the NYSE American (the “NYSE”) has accepted the Company’s business plan to regain compliance with the continued listing standards set forth in Section 1003(a)(iii) of the NYSE American Company Guide.
The Company reported stockholders’ equity of $4.1 million as of March 31, 2023 and $5.6 million as of June 30, 2023.
On August 22, 2023, the NYSE accepted the Company’s plan to regain compliance and has granted to the Company a cure period of up to 18 months from the original notice of non-compliance, or until December 6, 2024.
Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by December 6, 2024 could result in the Company’s shares of common stock being delisted from the NYSE American.

Quantum Energy Partners Completes Sale of Tug Hill and XcL Midstream Assets

Retrieved on:

Tuesday, August 22, 2023

“We are pleased to complete the sale of Tug Hill and XcL Midstream, which we expect to enhance U.S. energy security, affordability and reliability, while supporting the ongoing transition to cleaner energy sources,” said Wil VanLoh, Founder and CEO of Quantum.

Key Points:

“We are pleased to complete the sale of Tug Hill and XcL Midstream, which we expect to enhance U.S. energy security, affordability and reliability, while supporting the ongoing transition to cleaner energy sources,” said Wil VanLoh, Founder and CEO of Quantum.
“We are incredibly proud of the partnership we’ve had with the Tug Hill and XcL Midstream teams over the past nine years.
I also want to highlight the Tug Hill and XcL Midstream teams for their extraordinary work in building this platform, achieving leading ESG performance and positioning Tug Hill and XcL Midstream to capitalize on the opportunities ahead.
J.P. Morgan Securities and Wells Fargo Securities served as financial advisors to Tug Hill and XcL Midstream and Vinson & Elkins LLP served as legal counsel to Tug Hill and XcL Midstream.

FTC Acts to Prevent Interlocking Directorate Arrangement, Anticompetitive Information Exchange in EQT, Quantum Energy Deal

Retrieved on:

Tuesday, August 22, 2023

The FTC’s consent order delivers ground-breaking structural relief that prohibits Quantum from occupying an EQT board seat, requires Quantum to divest its EQT shares, prevents anticompetitive information exchange, unwinds a separate anticompetitive joint venture between the two entities, and imposes additional restraints to protect competition.

Key Points:

The FTC’s consent order delivers ground-breaking structural relief that prohibits Quantum from occupying an EQT board seat, requires Quantum to divest its EQT shares, prevents anticompetitive information exchange, unwinds a separate anticompetitive joint venture between the two entities, and imposes additional restraints to protect competition.
As the FTC’s complaint states, this arrangement creates an illegal interlocking directorate, which violates Section 8 of the Clayton Act.
According to the FTC’s complaint, this joint venture relationship raises additional concerns regarding anticompetitive information exchange and harms competition in the acquisition of mineral rights.
The FTC’s proposed consent order resolves the Commission’s concerns while also clearly signaling the antitrust risks of excessive entanglements and anticompetitive information exchange.

Further details about the order can be found in the analysis to aid public comment.
The Commission vote to issue the complaint and accept the consent agreement for public comment was 3-0.
When the Commission issues a consent order on a final basis, it carries the force of law with respect to future actions.