Dazman/E+ via Getty Images Rio Tinto (NYSE:RIO) is studying detailed proposals for potential takeover targets, and has approached banks about financing a deal for Teck Resources (TECK), Sky News reported Friday. Rio (RIO) has drawn up a list of potential takeover targets in the wake of BHP’s failed bid forContinue Reading
dan_prat Canadian oil producer Strathcona Resources (OTCPK:STHRF) said late Wednesday it is partnering with Canada Growth Fund to build as much as C$2B in carbon capture and sequestration infrastructure in Saskatchewan and Alberta provinces. Strathcona (OTCPK:STHRF) and CGF will each spend up to C$1B (~US$734M) to fund the project, includingContinue Reading
West High Yield (W.H.Y.) Resources (TSXV:WHY:CA) on Tuesday announced a non-brokered private placement offering for the sale of up to 4.55M units of the company at a price of CAD$0.33 per unit for aggregate gross proceeds of up to CAD$1.5M. Each unit issued under the offering will consist of oneContinue Reading
Moussa81/iStock via Getty Images Skeena Resources (NYSE:SKE) +8.2% to a 52-week high in Friday’s trading after saying the British Columbia Court of Appeal overturned rulings by the Chief Gold Commissioner and Supreme Court of British Columbia regarding ownership of waste rock and tailings from the Eskay Creek mine stored inContinue Reading
BeyondImages/iStock via Getty Images Teck Resources (NYSE:TECK) +2.4% pre-market Friday after Canada’s government approved Glencore’s (OTCPK:GLCNF) (OTCPK:GLNCY) US$6.9B acquisition of a 77% stake in Teck’s metallurgical coal business. Industry Minister Francois-Philippe Champagne said Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) accepted several conditions to protect local jobs and keep executive offices in western Canada,Continue Reading
sasacvetkovic33/E+ via Getty Images Permian Resources (NYSE:PR) +1.8% in Wednesday’s trading as BMO Capital upgraded shares to Outperform from Market Perform with a $21 price target, citing its increased Delaware footprint, plus strong operational and M&A track record, which should support continued organic and inorganic growth plus competitive capital returns.Continue Reading
Gulf Resources (NASDAQ:GURE) +11.6% pre-market Wednesday after agreeing to acquire 1,270 acres of crude salt fields in China in a series of deals totaling more than 280M renminbi (~$38.6M) in cash and stock. Gulf Resources (GURE) said the acquisition of the crude salt fields may enable it to open bromineContinue Reading
Altima Resources (TSXV:ARH:CA) Tuesday said that it has not been able to file its audited annual financial statements, management’s discussion & analysis, and related certifications in addition to its NI 51-101 Disclosure for Oil & Gas Activities for the fiscal year ended February 29, 2024, on or before June 28,Continue Reading
photobyphotoboy/iStock via Getty Images Burford Capital (NYSE:BUR) rose 3.6% amid news that Sundance Resources announced a conditional settlement with the Republic of Congo before the International Court of Arbitration, according to a Jefferies analyst. The terms are confidential, though the original claim is for over $8.5 billion. Burford (BUR) hasContinue Reading
Queen’s Road Capital Investment (TSX:QRC:CA) said the firm will invest $50M in a Moxico convertible debenture. The convertible debenture will have a five-year term, carry an 11.0% coupon, a 3% establishment fee and will be convertible into Moxico common shares at a price of GBP0.90. Moxico is an unlisted publicContinue Reading
