5E Advanced Materials Selects Fluor for Key Project
5E Advanced Materials, Inc. (FEAM) has announced that it has enlisted the services of Fluor Corporation as its prime contractor for engineering, procurement, and construction. This collaboration will specifically focus on upgrading the company’s S-K 1300 technical document into a Pre-feasibility Study once the FEL-2 is completed.
Susan Brennan, the CEO of 5E Advanced Materials, expressed enthusiasm about this partnership, stating, “We are thrilled to engage a world-class EPC firm like Fluor, as their extensive track record will serve to be invaluable to 5E throughout this next phase of execution.”
Brennan further emphasized, “With 5E’s recent successful recapitalization and commencement of mining operations earlier this year, this relationship further advances 5E into the next stage of project development as we continue to work towards our vision of successfully building a large-scale Boron and Lithium operations.”
GoldMining Inc. Completes Sale to NevGold Corporation
GoldMining Inc. (GLDG) has finalized the sale of Nutmeg Mountain to NevGold Corporation (NAUFF) for 10 million shares of NevGold, valued at $3 million. This project was acquired by GoldMining in 2020 for $1.15 million.
Alastair Still, CEO of GoldMining, commented, “By completing this transaction, the NevGold team benefits from synergies with their projects in neighboring Nevada and has completed the required expenditures and advanced the Project. Additionally, GoldMining retains future upside from the Project through the success-based contingent payments of up to $7.5 million on NevGold reaching certain milestones.”
Ramaco Resources Faces Investor Scrutiny
Bragar Eagel & Squire, P.C. is investigating claims against Ramaco Resources, Inc. (METC) following a critical report that questioned the profitability of its Brook Mine and raised concerns about negative extractability test results, impacting its stock value.
Olympic Steel Inc. Elevates Safety VP
Olympic Steel Inc. (ZEUS) has promoted Anthony G. Dominic to vice president of Safety, Health, and Environment. In his new role, Dominic will lead Olympic Steel’s safety programs and teams across all locations.
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