Perth miner Galaxy Resources has announced plans to merge with joint venture partner General Mining Corporation to create a larger lithium-focused company, in a deal worth $216 million.
Recently revived Eastern Goldfields has called on the Department of Mines and Petroleum to withdraw a request for $8.6 million worth of the company's bonds.
After nearly eight years of inactivity on the ASX, Michael Fotios's Eastern Goldfields could be reinstated as early as next month after announcing today its capital raising had closed oversubscribed.
SPECIAL REPORT: The potential for mass production of electric cars is among a number of high-technology trends sparking interest in Western Australia's lithium sector, with a series of companies touting projects to meet a forecast surge in demand.
Production is a step closer to restart at the Mt Cattlin lithium mine, with General Mining Corporation signing a four-year offtake deal with Mitsubishi Corporation.
General Mining Corporation has confirmed the viability of earning a 50 per cent stake in Galaxy Resources' Mt Cattlin tantalum project, after an independent review found it would cost $14.7 million to bring the project back into operation.
General Mining Corporation shares fell sharply today after the company announced revised terms for the acquisition of an interest in Galaxy Resources' Mt Cattlin tantalum project near Ravensthorpe.
Shares in General Mining Corporation have skyrocketed by over 700 per cent on news it was granted the right to solely operate Galaxy Resources' Mt Cattlin tantalum project near Ravensthorpe, in exchange for $7.5 million in lease fees and a 10 per cent production royalty.
West Perth-based oil and gas explorer Target Energy has tapped its major shareholder Wyllie Group for $3 million through a convertible note issue, and is undertaking an entitlement offer to raise up to $2.9 million.
Major private investment player Wyllie Group has cut direct ties with mining dealmaker Michael Fotios's investment syndicate, Investmet, a significant backer of junior resources companies and other speculative opportunities.
Perth-based Swan Gold Mining has completed a one-for-10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $20 million and debt to equity conversion of more than $29 million.
In the first of a four-part series featuring EY Entrepreneur of the Year nominees, we spoke to Bill Beament about the extraordinary growth of Northern Star Resources.
Shares in West Perth-based junior Horseshoe Metals have soared after the company outlined plans to raise $2 million through a placement and rights issue in a deal with investor Michael Fotios.
Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.
Property executives were the big movers in this year's Wealth Creators list, while the resources slowdown put the hurt on mining services directors' fortunes.
Northern Star Resources has announced that director Michael Fotios has resigned from the company's board and will take up a position as a consultant to the gold miner.
Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.
Northern Star Resources' Bill Beament is this year's 40under40 First Amongst Equals, heading off strong competition from the three other finalists -Julie Shuttleworth, Steve Gostlow, and Phil Britten.
UNDERSTANDING the growing complexity of remuneration packages is a challenging exercise for investors seeking to determine the value, or otherwise, offered by a company's management team.
Northern Star Resources shares have slumped sharply on the ASX today, after the gold miner announced that its major shareholder and members of its board of directors had agreed to sell a combined 1
Long-running efforts by Michael Fotios' investment company Investmet to revive Swan Gold Mining and related companies Stirling Resources and Redbank Copper have hit a major hurdle.
The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.
MINING veteran Michael Kiernan has emerged from two years away from the limelight with a new manganese business in Indonesia, and plans for a listing on the Australian Securities Exchange next year
Far away from the carnage in the iron ore sector, directors at select Western Australian companies in the gold, oil and gas and engineering sectors are being handsomely rewarded through the exercis
Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.
The market may be getting the jitters over commodity prices but there are still a host of resources-related floats seeking to make the most of the buoyant capital markets.
