Nuton

Arizona Sonoran and Nuton LLC Announce Option to Joint Venture on Cactus Project in Arizona

Retrieved on: 
Thursday, December 14, 2023
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Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.
  • Nuton has indicated the potential to significantly increase copper cathode output from our current 45-50 ktpa target which could materially enhance project economics.
  • In the event that Nuton exercises the Option, the parties will either form a Delaware limited liability company or deem Cactus to be the joint venture company for the Cactus Project (the “Joint Venture Corporation”).
  • Rothschild acted as financial advisor, and Torys LLP and Dorsey & Whitney LLP acted as legal advisors, to Nuton.

Arizona Sonoran Reports Final Extraction Rates from Phase 1 of Nuton™ Technologies on the Cactus Sulphides and Expands the Program

Retrieved on: 
Wednesday, December 13, 2023
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Multimedia, PFS, Cactus, Blend, Copper, ASCU, TSX, Temperature, LOA, Uranium mining, Nuton

View the full release here: https://www.businesswire.com/news/home/20231213084303/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231213084303/en/
    Figure 1: Updated Nuton Primary Sulphides Columns Cu Extraction (Graphic: Business Wire)
    George Ogilvie, Arizona Sonoran Copper Company President and CEO commented, “We are encouraged by the extraction rates resulting from our primary and secondary sulphides using the Nuton™ technologies.
  • Particularly interesting to ASCU, is that Nuton’s flow sheet could be integrated into the planned Cactus heap leach and SXEW flow sheet.
  • Pending the completion of a Commercial Framework Agreement, Nuton and ASCU are currently planning a Phase 2 column leach program.
  • Phase 2 would be designed to test and/or mitigate opportunities and threats identified under the Phase 1 test program.

McEwen Copper Announces an Additional US$10 Million Investment by Nuton, a Rio Tinto Venture

Retrieved on: 
Wednesday, October 11, 2023
NYSE, TSX, US, MUX, Transaction, Copper, MacEwen, Mining, Nuton, Sale, Los Azules mine

TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce a binding agreement for an additional $10.0 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.

Key Points: 
  • TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce a binding agreement for an additional $10.0 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.
  • Nuton has agreed to invest US$10.0 million to acquire shares of McEwen Copper in a two-part transaction expected to close by October 19th, 2023 (the “Nuton Transaction”) consisting of a private placement of 152,615 McEwen Copper common shares, and the purchase of 232,000 common shares owned by McEwen Mining in a secondary sale.
  • Proceeds of the subscription and purchase are expected to be approximately $4.0 million to McEwen Copper and $6.0 million to McEwen Mining, respectively.
  • After closing, Nuton will own 14.5% of McEwen Copper on a fully diluted basis, and McEwen Mining will own 47.7%.

Arizona Sonoran Updates on Company Activities and Announces the Appointment of Steve Dixon, Chief Metallurgist

Retrieved on: 
Wednesday, September 6, 2023
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Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today updates on exploration and development activities at the Cactus Mine Project, inclusive of the Parks/Salyer deposit.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today updates on exploration and development activities at the Cactus Mine Project, inclusive of the Parks/Salyer deposit.
  • Furthermore, the owner-operator team continues to strengthen with the appointment of Mr. Steve Dixon, M.Sc.
  • Ongoing work programs include our advanced metallurgical programs, final engineering, mine planning and site characterizations as we progress towards our PFS.
  • ASCU’s most recent hire is Steve Dixon as Chief Metallurgist.

McEwen Mining: Q2 2023 Results

Retrieved on: 
Thursday, August 10, 2023
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TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reported its second quarter (Q2) and half year (H1) results for the period ended June 30th, 2023.

Key Points: 
  • TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reported its second quarter (Q2) and half year (H1) results for the period ended June 30th, 2023.
  • McEwen Copper: PEA for the Los Azules copper project issued in June 2023 with NPV8% of $2.7 Billion and payback period of 3.2 years, assuming a copper price of $3.75/lb.
  • Mr. McEwen continued, “At McEwen Mining, quarterly production from our mines delivered a marked improvement in terms of ounces produced over Q1.
  • Management will discuss our Q2 financial results and project developments and follow with a question-and-answer session.

Triple Flag Announces Record Q2 2023 Results and Dividend Increase

Retrieved on: 
Tuesday, August 8, 2023
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Dividend: Triple Flag’s Board of Directors declared a quarterly dividend of US$0.0525 per common share that will be paid on September 15, 2023, to the shareholders of record at the close of business on August 31, 2023.

Key Points: 
  • Dividend: Triple Flag’s Board of Directors declared a quarterly dividend of US$0.0525 per common share that will be paid on September 15, 2023, to the shareholders of record at the close of business on August 31, 2023.
  • This increases the annualized dividend by 5% from US$0.20 per common share to US$0.21 per share and is Triple Flag’s second consecutive annual increase of the dividend since its May 2021 initial public offering.
  • Team: Subsequent to quarter end, David Lee joined Triple Flag as Vice President, Investor Relations.
  • Fosterville (2.0% net smelter return (“NSR”) gold royalty): Royalties from Fosterville in Q2 2023 equated to 1,697 GEOs.

Arizona Sonoran Reports Positive NutonTM Technologies Extraction Rates on Cactus Primary Sulphides

Retrieved on: 
Monday, June 5, 2023
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Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) an emerging US-based copper developer and near-term producer, today reports positive preliminary column leach metallurgical extraction rates using the NutonTM technologies as part of the Phase 1 testing program with Nuton LLC, a Rio Tinto venture.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) an emerging US-based copper developer and near-term producer, today reports positive preliminary column leach metallurgical extraction rates using the NutonTM technologies as part of the Phase 1 testing program with Nuton LLC, a Rio Tinto venture.
  • Primary sulphide extraction ranges from 61% to 82% based on 5 columns, including 2 early cycle columns returning 83% and 61%, 2 mid-cycle columns above 70% and 1 with lower extraction based on biotite content.
  • Nuton is currently reassessing the additives for this low extraction column to address future biotite exposure, which accounts for approximately 1-2% of the Cactus West deposit in the primary zone.
  • TABLE 1 below and FIGURES 4-6 illustrate results from preliminary extraction rates ranging from 75 days up to 150 days of direct column leaching.

McEwen Mining: Q1 2023 Results

Retrieved on: 
Monday, May 8, 2023
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TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2023.

Key Points: 
  • TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2023.
  • Adjusted net loss(1) was $6.4 million, or $0.14 per share in Q1, compared to an adjusted net loss of $13.1 million, or $0.28 per share in Q1 2022.
  • Production from our three operating mines was 30,400 gold equivalent ounces (GEOs) (3) in Q1, compared to 25,200 GEOs in Q1 2022.
  • Management will discuss our Q1 financial results and project developments and follow with a question and answer session.

Arizona Sonoran Closes C$2.5 Million Private Placement with Nuton LLC, a Rio Tinto Venture

Retrieved on: 
Tuesday, April 4, 2023
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The Common Shares issued under the Private Placement are subject to a statutory hold period under applicable Canadian securities laws expiring on August 1, 2023.

Key Points: 
  • The Common Shares issued under the Private Placement are subject to a statutory hold period under applicable Canadian securities laws expiring on August 1, 2023.
  • The Private Placement is subject to the final approval of the Toronto Stock Exchange.
  • Nuton offers a portfolio of proprietary copper leach related technologies and capability developed by Rio Tinto to deliver increased copper recovery from primary sulphide material and leading environmental performance.
  • Nuton is currently column leach testing samples of mineralized material from the Cactus and Parks/Salyer Projects, including the primary sulphides.

Regulus Appoints Adam Burley to Board of Directors and Provides Management Update

Retrieved on: 
Thursday, March 23, 2023
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Adam Burley is currently the CEO & President of Nuton, a Rio Tinto technology venture and a critical component of Rio Tinto’s copper growth strategy and decarbonisation goal. Adam began his career at Rio Tinto more than 20 years ago as an exploration geologist after earning a Master’s degree in geology from the University of Southampton in the United Kingdom.  From that start, Adam has held leadership roles at Rio Tinto across the globe – Africa, Europe, and the Americas – as well as across Rio Tinto’s business -- as the Exploration Manager for West Africa and later for Central Africa, President of the former Rio Tinto Eagle Mine in the US, and Chile Country Head. Adding to Adam’s on-the-ground experience, he also has acquired extensive expertise in resource-sector growth, business development, strategy, and partnership management through serving as General Manager, Strategy for Rio Tinto Copper, Chief Development Officer (Acting) for Copper and Diamonds, Chief Advisor of Mergers and Acquisitions for Rio Tinto and now in his current role with Nuton. Adam’s contributions to the industry extend beyond his work at Rio Tinto. Adam has served on the boards of Michigan Chamber of Commerce, Consejo Minero of Chile, Bougainville Copper Limited (ASX) and Minera Escondida Limitada, Chile.

Key Points: 
  • VANCOUVER, British Columbia, March 23, 2023 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (“Regulus” or the “Company”) (TSX-V: REG, OTCQX: RGLSF) is pleased to announce that Adam Burley has been appointed to the Board of Directors, subject to approval of the TSX Venture Exchange.
  • Adam is joining the board as the nominee from Nuton, a Rio Tinto Venture, connected with the strategic investment into the Company announced Dec 22, 2022.
  • Adam Burley is currently the CEO & President of Nuton, a Rio Tinto technology venture and a critical component of Rio Tinto’s copper growth strategy and decarbonisation goal.
  • Mr. Greening joined the Company in 2019 and has been a significant contributor in developing and executing the Company’s business plan.