Gran Tierra Energy Inc. has agreed to sell its oil business in Colombia and Ecuador to Maurel & Prom for $1.33 billion, transferring all South American assets and liabilities. This deal will leave Gran Tierra debt-free with approximately $250 million in cash at closing and a $65 million note receivable. The company plans to use part of the proceeds for a share repurchase to return capital to stockholders and focus on growth in Canada and Azerbaijan. The transaction is expected to close by December 31, 2026, pending shareholder and regulatory approvals.
Gold Strike Resources Corp. has joined the Yukon Mining Alliance, a group promoting Yukon as a top mining jurisdiction. This membership will help Gold Strike showcase its Florin Gold Project and other assets in the promising Tombstone Gold Belt, whic...
Hayasa Metals announced a non-binding term sheet for a Strategic Exploration Alliance with a major mining company to explore copper and critical metals in southern Armenia's Tethyan Belt. The alliance, funded by the major miner, aims to identify econ...
SAGA Metals Corp. reported significant progress on its two 100%-owned Labrador projects: the Radar Titanium-Vanadium-Iron Project and the Wolverine Heavy Rare Earth Element Project. The Northern Miner, a respected mining publication, conducted site v...
Beyond Minerals Inc. completed a private placement of a $50,000 unsecured convertible debenture with 10% interest, convertible into shares at $0.05 each, to fund general working capital. The company also elected to adopt semi-annual financial reporti...
Waraba Gold Limited has appointed Adam Cegielski as a new director to strengthen its board as the company advances its gold exploration efforts in West Africa. Cegielski brings extensive capital markets and mining sector experience, having raised sig...
