Articles for tag: 20m, Financing, goldlinked, Lake, note, raises, Red, West

February 27, 2024

Ron Finklestien

mining

West Red Lake Strikes Gold with $20 Million Offering Tied to Gold

Embracing Gold in Financial Ascent West Red Lake has recently made headlines in the financial world as it successfully raised $20 million through gold-linked note financing. These notes, set to mature on December 31, 2029, carry a tantalizing coupon rate of 12% per annum, payable quarterly to investors. The company is making a bold move by committing to place gold in escrow on a quarterly basis into a gold trust account starting in 2026. It’s as though they’re staking a claim in the treasure troves of old-time miners, ready to strike it rich. Golden Redemption for Investors A unique feature

January 25, 2024

Ron Finklestien

mining

BHP’s Strategic Diversion from Red Sea Route BHP’s Strategic Diversion from Red Sea Route

BHP, a global resources company, has taken a bold and strategic move to divert its shipments away from the Red Sea, a key shipping route. The company announced in a statement published by Reuters that the majority of its shipments do not traverse this route. According to The Wall Street Journal, BHP’s shipments from Asia to Europe will now follow the path taken by Danish shipping company Maersk, skirting the Red Sea in favor of the Cape of Good Hope at the southern tip of Africa. This pivot by BHP follows similar decisions made by other industry giants, including oil majors Shell, BP,