Articles for tag: 277m, Cassius, court, Ghana, mining, takes

January 8, 2025

Ron Finklestien

mining

Cassius Mining Files Lawsuit Against Ghana Seeking $277 Million Compensation

Cassius Claims Ghana for Lost Gold Mine Profits Cassius Mining Limited has filed a claim against the Ghanaian government for lost profits, stating it missed out on opportunities to manage a gold mine in its licensed area. The company’s Gbane project, located in northeastern Ghana, holds a large prospecting license that spans 13.8 km2. This site lies in the Talensi district, adjacent to the operational Shaanxi gold mine. Prolonged Dispute with Shaanxi Cassius is embroiled in a long-standing conflict with Shaanxi, the Chinese firm managing the nearby mine. Investigations by the Sydney Morning Herald and local sources allege that Shaanxi

May 22, 2024

Ron Finklestien

mining

Kenorland stock surges as Centerra Gold takes 9.9% stake

Centerra made the investment through a private placement arranged by Kenorland, under which it plans to issue approximately 8.3 million flow-through common shares to national, Quebec- and Manitoba-based subscribers at different prices. Total proceeds to the company is estimated at C$9.86 million, based on an average issue price of C$1.186 per share. Kenorland said will use the funds to advance its group of exploration-stage projects across Canada, many of which are under partnerships. The company is already working with Centerra on the Hunter project in Quebec, in which the latter can earn an initial 51% interest by spending C$5 million

March 25, 2024

Ron Finklestien

mining

Central Asia Metals Embraces Aberdeen Minerals

A Reinvigorated Exploration Ventures Central Asia Metals (CAM) has made a strategic move by acquiring a significant 28% stake in Aberdeen Minerals, a promising junior raw battery materials explorer in Aberdeenshire, Scotland. Holding a 7,400-hectare land package, Aberdeen Minerals has already uncovered a copper-nickel-cobalt deposit at its Arthrath project, an area originally unveiled by Rio Tinto back in 1968. This partnership signifies a bold step towards fostering exploration ventures, breathing new life into the dormant mining potential of the region. UK’s Critical Materials Prospects Last year, the British Geological Survey (BGS) released a comprehensive report pinpointing key areas in the