• Tribeca’s Ben Cleary thinks a merger between Lynas and MP Materials would be a “fantastic transaction” (AFR)

• Rio Tinto again warned that its ability to meet guidance hinges on timely environmental and indigenous heritage approvals (AFR)

• South32’s JV with Ambler Metals in Alaska is in limbo as the Biden administration rejected road access to the mining district (Mining.com)

• Evolution Mining surprised with positive quarterly, gaining 7.5% on Wednesday (The West)

• Renascor secured $185 million government loan to fast-track graphite production in South Australia (Mining.com.au)

• Endeavour Mining has been accused of misrepresentation over the sale of two African gold mines (Mining.com)

• CRU Group & Goldman Sachs added to the bullish voices behind copper, with the LME price rising a further 1.6% overnight (Bloomberg)

• Investors have substantially lifted bullish copper bets, with the price breaking through US$4.30/lb (Reuters)

• According to friend-of-the-show Bridget Carter, Gina’s recent $40 million purchase of Lynas stock suggests the billionaire expects the Azure takeover will get approved by FIRB (The Australian) Try and follow that logic in your head for just a moment… Sorry for the brain knot. Shall we remind the Money Miners that $40 million is just 0.2% of the cash sitting in Hancock Prospecting right now

• Strickland surprises by securing two skarn deposits in Serbia (Miningnews.net)

• Silica sand hopeful, Diatreme, is dialling up the heat in its attempt to scoop up neighbour, Metallica, releasing an updated resource mid-takeover. We are reluctant to say there’s any strategy to this given the Wayne Swan (yes, the ex-Trasurer!) led Board didn’t realise they were in breach of a standstill when it launched its bid in February. Rookie… (DRX)

• Spartan is raising a whopping $80 million in a fully underwritten ANREO and placement, Street Talk reports that a major shareholder is also selling down. We reckon (and hope) it’s Delphi… which we propose instigates two Board changes (AFR)

• ASM’s $15 million placement completed and it’s targeting another $5 million from its entitlements offer. With the share price now at the offer price, the attaching option is needed to lure shareholders! (ASM)

• Challenger Gold added a further $4m placement, raising a total of $9.6m, with investors incentivised by a one-for-one attaching option (CEL)

• Hastings are trying to persuade shareholders to tip into its Entitlements Offer which closes in 4 days, but the share price is the same price (HAS)

• Cobalt Blue has raised $5m for refinery development work (COB)

• Viridis Mining is in trading halt pending a capital raise (VMM)

• It’s been more than two weeks since Boss Energy said to expect the first drum of uranium within two weeks… And it’s been crickets from the company since. We don’t like bad news in ramp-up, c’mon Boss!

• How Cobre Panama, a $10 billion copper mine is now sitting idle in the jungle (Mining.com)

• Industrial consumption of silver hit an all-time high in 2023, & is anticipated to grow a further 9% this year, underlined by its conductive superiority (Bloomberg)

Were you forwarded this email from someone else?

Disclaimer

All information in this newsletter is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter.