New World Resources has urged its shareholders to back Kinterra's takeover bid after the latter increased its stake to more than 50 per cent and surpassed Central Asia Metals' offer.
The battle for New World Resources could be decided as early as Friday afternoon, after Kinterra Capital raised its bid and initiated a matching process with a rival suitor.
The takeover battle for New World Resources has intensified, with rival suitors escalating bids and legal manoeuvres in pursuit of the Arizona copper play.
Toronto-based investment group Kinterra Capital has acquired a large stake in copper play New World Resources, which has flagged a likely increase in its takeover scheme.
London-based Central Asia Metals has struck an $185 million agreement to buy ASX company New World Resources, led by Perth-based chairman Richard Hill.
Our weekly appointments wrap includes new ministerial appointments, Dan Sweet, Priya Brown, Kellie Benda, Jen Leys, and additions to the management team for New World Resources.
US-focused New World Resources has added to its management team, as it moves closer to a potential final investment decision at its Antler copper project in Arizona.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Elevate Uranium's 2m strike at 1482ppm uranium oxide in Namibia. We also take a close look at other drill hits reported by Dateline Resources from its Colosseum project in California and from New World Resources at its Antler play in Arizona.
Shares in New World Resources dipped by 14 per cent on Tuesday morning, following news that the Subiaco-based company will raise $20.4 million to advance its Antler copper project in the American state of Arizona.
Subiaco-based New World Resources has secured $11 million from a UK mining royalty and streaming company, to fund its Antler Copper project in Arizona, US.
Our board moves wrap includes Sonu Cheema, Steve Samuel, Michelle Guthrie, Rowan Harland, Arron Canicais, Nick Woolrych, Patrick Holywell, and Nick Allan.
Subiaco-based New World Resources has secured $10 million from a share placement to fast-track a drilling program at the company's high-grade copper project in the US.
At least $1.6 billion of equity has been raised by WA-linked critical minerals hopefuls in the past five years, but achieving consistent returns is another battle.
Our daily board moves wrap includes Hansjoerg Plaggemars, Peter Wallace, Jon Sutton, Don Koch, Stewart Howe, Jonathan Downes, Stephen Woodham, Scott Mison, Vincent Goss, and Rohan Dalziell.
Ardiden Limited (ASX: ADV) is pleased to announce that it has completed the successful acquisition of 100% of the early stage Bold Property Colbalt-Copper Project in Ontario, Canada with a final pa
Ram Resources has appointed Charles Guy as a non-executive director. Mr Guy is currently an executive director of Bligh Resources and former exploration manager of Jupiter Mines.
WHILE junior explorers dominated the 10 best-performing Western Australian stocks last financial year, was there a defining characteristic that bound together the worst performers for the year? A lack of scale would seem to be one possibility, with the 10
