Mining

Dundee Precious Metals Announces Sale of Tsumeb Smelter for US$49 Million

Retrieved on: 
Thursday, March 7, 2024

“We are pleased to announce the sale of the Tsumeb smelter, which is consistent with our strategic objective of focusing on our gold mining assets and simplifying our portfolio going forward.

Key Points: 
  • “We are pleased to announce the sale of the Tsumeb smelter, which is consistent with our strategic objective of focusing on our gold mining assets and simplifying our portfolio going forward.
  • We are extremely proud of the investments that we have made to transform Tsumeb’s operational and environmental performance into a specialized custom smelter with a highly skilled workforce,” said David Rae, President and Chief Executive Officer.
  • “We would like to thank the government of Namibia, the community of Tsumeb and our employees for their support over the past 13 years.
  • Cutfield Freeman & Co. Ltd. acted as financial adviser to DPM in the Transaction.

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages SSR Mining Inc. Investors to Inquire About Securities Class Action Investigation – SSRM

Retrieved on: 
Thursday, March 7, 2024

The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

Key Points: 
  • The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
  • WHAT IS THIS ABOUT: On February 13, 2024, before the market opened, SSR Mining filed a current report with the SEC.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Astec Announces Chief Financial Officer Transition

Retrieved on: 
Thursday, March 7, 2024

CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) (“Astec” or the “Company”) today announced the appointment of Heinrich Jonker, Vice President Finance – Infrastructure Solutions, as its Chief Financial Officer on an interim basis, effective immediately.

Key Points: 
  • CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) (“Astec” or the “Company”) today announced the appointment of Heinrich Jonker, Vice President Finance – Infrastructure Solutions, as its Chief Financial Officer on an interim basis, effective immediately.
  • Mr. Jonker’s appointment follows the decision by Rebecca A. Weyenberg, Chief Financial Officer, to step down from her role as CFO.
  • Mrs. Weyenberg will remain employed by the company on an advisory basis through April 30, 2024, to assist in the transition.
  • Jaco van der Merwe, President and Chief Executive Officer of Astec, said, “As we embark on this transition, I am confident in the strength and depth of Astec’s finance organization and in the Board’s selection of Heinrich as Interim CFO.

ROSEN, LEADING INVESTOR COUNSEL, Encourages Hut 8 Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action – HUT

Retrieved on: 
Wednesday, March 6, 2024

WHAT TO DO NEXT: To join the Hut 8 class action, go to https://rosenlegal.com/submit-form/?case_id=22432 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Hut 8 class action, go to https://rosenlegal.com/submit-form/?case_id=22432 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Xanadu Mines Ltd (ASX Code: XAM) Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Retrieved on: 
Wednesday, March 6, 2024

Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December 2023 (New Shares).

Key Points: 
  • Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December 2023 (New Shares).
  • the New Shares were issued without disclosure under Part 6D.2 of the Act;
    this notice is being given under section 708A(5)(e) of the Act;
    as at the date of this notice, Xanadu Mines has complied with:
    the provisions of Chapter 2M of the Act as they apply to Xanadu Mines; and
    sections 674 and 674A of the Act as they apply to Xanadu Mines; and
    as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) or 708A(8) of the Act that is required to be set out in this notice.
  • The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the Placement as an Eligible Interlisted Issuer.

Hammond Power Solutions Declares Quarterly Dividend

Retrieved on: 
Wednesday, March 6, 2024

GUELPH, Ontario, March 06, 2024 (GLOBE NEWSWIRE) -- (TSX: HPS.A) The Board of Directors of Hammond Power Solutions Inc. (“HPS”) declared a quarterly cash dividend of fifteen cents ($0.15) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of fifteen cents ($0.15) per Class B Common Share of HPS payable on March 28, 2024, to shareholders of record at the close of business on March 21, 2024.

Key Points: 
  • GUELPH, Ontario, March 06, 2024 (GLOBE NEWSWIRE) -- (TSX: HPS.A) The Board of Directors of Hammond Power Solutions Inc. (“HPS”) declared a quarterly cash dividend of fifteen cents ($0.15) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of fifteen cents ($0.15) per Class B Common Share of HPS payable on March 28, 2024, to shareholders of record at the close of business on March 21, 2024.
  • HPS designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time.
  • This notice meets the requirements of the Income Tax Act (Canada).
  • Please contact your tax advisor if you have any questions with regard to the designation of the eligible dividend.

Billion Dollar Uranium Market Growing at a Solid Rate Along With Rising Adoption Strategies

Retrieved on: 
Wednesday, March 6, 2024

A report from Market Reports World said that the global Uranium market size is expected to expand at a CAGR of 3.6% of 3.6% during the forecast period, reaching USD $3.27 Billion by 2027.

Key Points: 
  • A report from Market Reports World said that the global Uranium market size is expected to expand at a CAGR of 3.6% of 3.6% during the forecast period, reaching USD $3.27 Billion by 2027.
  • Another report from 360Research Reports said: “The Global Uranium Mining, market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031.
  • The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
  • Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Sprott Launches Copper Miners ETF

Retrieved on: 
Wednesday, March 6, 2024

TORONTO, March 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott”) today announced the launch of the Sprott Copper Miners ETF (Nasdaq: COPP) (the “ETF” or “COPP”), the only1 U.S.-listed ETF to provide pure-play2 exposure to large, mid- and small-cap copper miners that supply a critical material necessary for the energy transition. The ETF is the most recent addition to Sprott’s suite of critical materials-focused ETFs and is Sprott’s second copper mining fund, joining the Sprott Junior Copper Miners ETF (COPJ), which launched in February 2023.

Key Points: 
  • Only U.S.-Listed ETF That Provides Pure-Play Exposure to Large, Mid- and Small-Cap Copper Miners
    TORONTO, March 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott”) today announced the launch of the Sprott Copper Miners ETF (Nasdaq: COPP) (the “ETF” or “COPP”), the only1 U.S.-listed ETF to provide pure-play2 exposure to large, mid- and small-cap copper miners that supply a critical material necessary for the energy transition.
  • The ETF is the most recent addition to Sprott’s suite of critical materials-focused ETFs and is Sprott’s second copper mining fund, joining the Sprott Junior Copper Miners ETF (COPJ), which launched in February 2023.
  • “Despite growing investor interest in copper as the energy transition gains momentum, it’s been challenging for investors to gain targeted exposure to copper miners.
  • We’re pleased to offer a focused opportunity to invest in copper miners through this ETF.”
    The Sprott Copper Miners ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners™ Index (NSCOPP™).

ARKMining Launches New User-Friendly Cloud Mining Plans

Retrieved on: 
Wednesday, March 6, 2024

London, United Kingdom, March 06, 2024 (GLOBE NEWSWIRE) -- ARKMining , a pioneer in cloud mining services since its establishment in 2017, announces the launch of its new user-friendly cloud mining plans.

Key Points: 
  • London, United Kingdom, March 06, 2024 (GLOBE NEWSWIRE) -- ARKMining , a pioneer in cloud mining services since its establishment in 2017, announces the launch of its new user-friendly cloud mining plans.
  • "We believe everyone should benefit from cloud mining and have access to the latest technology," said a spokesperson for ARKMining.
  • ARKMining's cloud mining platform offers a robust financial technology ecosystem, enabling institutional customers and digital asset enthusiasts to efficiently participate in cloud mining with stable returns.
  • ARKMining's new user-friendly cloud mining plans provide easy access to cryptocurrency mining for both beginners and experts.

Stronghold Announces Fourth Quarter 2023 Operating and Financial Results

Retrieved on: 
Wednesday, March 6, 2024

Revenues comprised $15.1 million from cryptocurrency self-mining, $5.4 million from cryptocurrency hosting, and $1.1 million from the sale of energy.1

Key Points: 
  • Revenues comprised $15.1 million from cryptocurrency self-mining, $5.4 million from cryptocurrency hosting, and $1.1 million from the sale of energy.1
    Stronghold generated 599 Bitcoin during the fourth quarter of 2023, which was down 3% versus the third quarter of 2023 and represented 34% growth compared to the fourth quarter of 2022, respectively.
  • Bitcoin price averaged $36,247 during the fourth quarter of 2023, up 101% compared to the average of $18,073 during the fourth quarter of 2022.
  • Transaction fees averaged 14.6% of block subsidies during the fourth quarter of 2023, up 620% or 1,255 basis points compared to 2.0% of block subsidies during the fourth quarter of 2022.
  • To access the call by phone, please use the following link Stronghold Digital Mining Fourth Quarter 2023 Earnings Call .