News Articles for Red Mountain Mining

Shares in Red Mountain Mining closed trade up 27 per cent to 3.8 cents, ahead of the junior's Monday night debut on the US stock exchange.   

West Perth-based junior Red Mountain Mining has increased its critical minerals portfolio after acquiring the Utah antimony project.

This week's Bulls N' Bears Runner of the Week is … Green Critical Minerals. The critical mineral explorer picked up some new groundbreaking graphite technology that can produce high-thermal conductivity material. Li-S Energy ran hard after revealing improvements to its lithium-sulfur battery tech, while other movers and shakers this week were Asian Battery Metals and Red Mountain Mining.

Our board moves wrap includes Simon Lawson, Richard Hay, Priyank Thapliyal, Troy Flannery, and Jeremy King.

Our weekly appointments wrap includes Stephen van Leeuwen, Lachlan Hunter, Paula Rogers, Majo Merriam, Leo Tsaknis, Troy Flannery and Jimmy Lee.

A summary of the smaller deals from last week, which did not get included in our daily news coverage.

Thred has announced a capital raising by way of a fully-underwritten, non-renounceable pro-rata entitlement offer at an issue price of $0.004 per new share on the basis of one new share for every t

Black Mountain Resources Limited is pleased to update shareholders on the following restructure initiatives that have been agreed to by the Company and its major lender, Richmond Partners Masters L

An Osborne Park-based recruitment technology company focused on the education sector has announced plans to list on the ASX through the reverse takeover of Aquaint Capital Holdings.

Red Mountain Mining says it will cost $22 million to bring its flagship Batangas gold project in the Philippines into production.

Red Mountain Mining have released the results from their much anticipated pre-feasibility study into the Batangas Gold Project just two hours drive south of Manila in the Philippines. The PFS shows the mine will churn out $46m in free cash over the initial 7 year mine life and produce gold at USD$735 an ounce from a maiden reserve of 128 000 ounces of gold. The project has plenty of upside from a further 320 000 ounces still sitting at inferred status.

Red Mountain Mining will now significantly ramp up their Batangas Gold project in the Philippines following the formalising of their joint venture agreement this week with UK based Bluebird Merchant Ventures. Red Mountain management negotiated a sublime deal with Bluebird that values the Batangas project at 3 times the entire company's market cap.

Red Mountain Mining's strategic funding partner for their Batangas Gold project in the Philippines, Bluebird Merchant Ventures, has listed in London after raising GBP1.675m. AUD$1.7m of that money will now flow to Red Mountain Mining to complete the DFS at Batangas, achieve final permiting for the project and to drill out some high grade gold targets.

ASX listed Philippines high grade gold explorer Red Mountain Mining look set to bank $2.65m in the next few weeks after a strong showing in their recent rights issue and the listing of their strategic financing partner on the London Stock Exchange.

Red Mountain Mining's strategic financing partner, UK based Bluebird Merchant Ventures has announced its intention to list on the London Stock Exchange. Red Mountain has an agreement with Bluebird that will see around AUD$1.2m flow to Red Mountain 3 days after Bluebird lists in return for 15% equity in the company's Batangas Gold project in the Philippines.

Perth based Red Mountain Mining has boosted its cash reserves by $338 000 courtesy of the Federal Government's Research and Development rebate scheme.

In one of the most difficult mining markets in many years, high grade gold explorer Red Mountain Mining has signed a new deal that will see project level funding for its Philippines Batangas based

Perth based Red Mountain Mining has renegotiated its deal with UK based strategic funding partner Bluebird Merchant Ventures Ltd for its Batangas Gold project in the Philippines.

Company now funded to drill test exciting high grade targets

Exploration program strikes bonanza gold grades at surface in the Philippines.

Korean group to earn up to 75% for US$2m expenditure on non-core Philippines prospect.

New drill targets identified at high grade Lobo gold project

Company looking to replicate existing South West Breccia gold resource

Three aspiring gold miners have announced an increase in projected free cash flow for their respective projects as a result of the strong gold price, coupled with falling fuel costs.

Five Western Australian companies have sought to manage costs by cutting either salaries or board positions during the past month.

Leaner times in the junior mining and exploration sector have resulted in widespread cuts to chief executive pay, but the restraint has not been shared equally across the sector, with some actually lifting salaries.

Red Mountain Mining has withdrawn its $1.4 million rights issue after underwriter Patersons Securities terminated the agreement, as the company's share price closed lower than the offer price of 0.8 cents for three days.

Red Mountain Mining expects to complete by the end of the year a definitive feasibility study at its Batangas gold project in the Philippines after appointing Como Engineers to undertake the initiative.

Shares in West Perth-based explorer Red Mountain Mining are trading higher after the company released a scoping study confirming low capital costs at its Batangas gold project in the Philippines.

SPECIAL REPORT: Tight debt and equity environments have led many junior mining and exploration firms to seek alternative arrangements to finance their operations.

SPECIAL REPORT: Poor investor sentiment and low confidence have put a crunch on capital for WA's junior miners.

The Waterberg Coal Company was Western Australia's best-performed listed entity in 2013, providing a whopping 38,748 per cent return to shareholders, according to BNIQ data.

Red Mountain Mining's impressive share performance has continued, with the gold explorer's stock almost eight times higher than its closing price at the beginning of this week.

Shares in West Perth-based explorer Red Mountain Mining have soared on the back of another high-grade gold discovery at its Batangas project in the Philippines.

Red Mountain Mining says it is keen to fast-track development at its Batangas gold project in the Philippines after encountering an exceptionally high-grade gold lode of about 1 ounce per tonne.

Perth-based gold explorer Red Mountain Mining is seeking to raise up to $2.8 million for drilling operations designed to increase the gold resource of its Batangas gold project in the Philippines.

In the second of this year's quarterly series on executive remuneration, we find one conspicuous exception to the tighter salary packages on offer.

LOOKING at the remuneration packages negotiated by newly appointed chief executives in Perth, there is a common pattern -5 size equals money.