Press release content from Business Wire. The AP news staff was not involved in its creation.
Capstone Announces Closing of $150 Million Silver Stream Agreement with Wheaton Precious Metals; Achieves Net Cash Position
February 19, 2021 GMT
VANCOUVER, British Columbia (BUSINESS WIRE) Feb 19, 2021
Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that it has closed the previously announced Precious Metals Purchase Agreement (the “Stream Agreement”) with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp. (collectively, “Wheaton”). All conditions to complete the Stream Agreement have been fulfilled and Capstone has received $150 million from Wheaton for 50% of the silver production until 10 million ounces have been delivered, thereafter dropping to 33% of silver production, for the life of mine from the Company’s Cozamin Mine in Zacatecas, Mexico (“Cozamin”). Wheaton will make
Press release content from Business Wire. The AP news staff was not involved in its creation.
Nickel 28 Releases Ramu Q4 and Full Year 2020 Performance
February 19, 2021 GMT
Conic Metals Corp., soon to be renamed Nickel 28 Capital Corp. (“
Nickel 28 ” or the “
NKL ) (FSE:
3JC ) is pleased to provide results for the quarter ending December 31, 2020 and for the full year of 2020 for the Company’s largest asset, being Ramu Nickel-Cobalt (“
Ramu ”) integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in the Ramu operation. Ramu is operated by the Metallurgical Corporation of China (“
MCC ”) which, along with its partners, owns an 85.0% interest in Ramu.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Century Aluminum Company Reports Fourth Quarter and Full Year 2020 Results
Century Aluminum CompanyFebruary 18, 2021 GMT
CHICAGO, Feb. 18, 2021 (GLOBE NEWSWIRE) Century Aluminum Company (NASDAQ: CENX) today announced its fourth quarter and full year 2020 results.
Fourth Quarter 2020 Financial Results
Shipments of 194,940 tonnes
Net sales of $389.1 million
Net loss of $(35.5) million, or $(0.40) per share
Adjusted net loss(1) of $(30.6) million, or $(0.32) per share
Adjusted EBITDA(1) of $0.8 million
Full Year 2020 Financial Results
Shipments of 811,176 tonnes
Net sales of $1,605.1 million
Net loss of $(123.3) million, or $(1.38) per share
Adjusted net loss(1) of $(112.4) million, or $(1.17) per share
Press release content from Accesswire. The AP news staff was not involved in its creation.
Updated PEA to be Prepared for Unkur Copper-Silver Deposit and Private Placement
February 16, 2021 GMT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / February 16, 2021 / AZARGA METALS CORP. (“Azarga Metals” or the “Company”) (TSXV:AZR) is pleased to announce that Wardell Armstrong International (“WAI”) has been awarded a contract to complete an updated Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned Unkur Copper-Silver Project in Eastern Russia.
Michael Hopley, President and CEO said: “We are enthusiastic about Wardell Armstrong’s involvement in the Unkur project because of their wide international experience and their knowledge of and recent experience with these types of copper-silver deposits in this part of Russia.”
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Comstock Secures Majority Interest in Lithium-Ion Battery Recycling Company; Facility Plans .
Comstock Mining Inc.February 17, 2021 GMT
VIRGINIA CITY, Nev., Feb. 17, 2021 (GLOBE NEWSWIRE) Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced transactions securing the rights to a majority equity stake in LINICO Corporation (“LiNiCo”), a lithium-ion battery (“LIB”) recycling company who recently acquired a state-of-the-art battery metal recycling facility from Aqua Metals, Inc. (“Aqua Metals”) located in the Tahoe Reno Industrial (“TRI”) Center in Storey County, Nevada. The Company will pay $4,500,000 in cash and 3,000,000 shares of its restricted common stock, representing up to $10,750,000 in consideration for up to a 64% ownership stake in LiNiCo. Aqua Metals is investing $2,000,000 for a 10% stake in LiNiCo.