Faraday Copper and a BHP subsidiary have signed a non-binding letter of intent to explore a potential transaction whereby Faraday would acquire BHP’s San Manuel property in Arizona. In exchange, BHP would receive a 30% interest in the equity of Faraday, and commensurate shareholder and marketing rights. Additionally, BHP agreed to participate in any equity raise by Faraday, over two…
Read MoreDay: February 23, 2026
Newmont accuses Barrick of NGM mismanagement
Newmont has sent Barrick a notice of default after finding evidence of alleged mismanagement at the Nevada Gold Mines joint venture, escalating tensions between the partners, reported Bloomberg. Barrick allegedly diverted resources from the joint venture to benefit its wholly owned Fourmile project, Newmont stated in a filing to the U.S. Securities and Exchange Commission. After informing Barrick of the…
Read MoreExiro Nickel to acquire Thompson operations
Exiro Nickel has entered into an asset purchase agreement to acquire a 100% interest in the Thompson operations in Manitoba, Canada, from Vale Base Metals. This includes the producing Thompson nickel mine, plus exploration assets in the Thompson Nickel Belt. “Today marks the launch of a new Canadian nickel company. Our team is honored and excited to be acquiring such…
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