Red Metal (ASX:RDM) to spin out Maronan Project through $36M subsidiary IPO
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Red Metal (RDM) has unveiled a plan to spin out its Maronan Project through the listing on the ASX of its wholly owned subsidiary Maronan Metals
The IPO will seek to raise up to $36 million, which will be used by Maronan Metals to fund resource drilling and feasibility programs
Red Metal will retain a roughly 50 per cent holding in Maronan Metals and will appoint two representatives to Maronan s board
With more than 100 million ounces of contained silver, the Maronan Project is considered one of the largest undeveloped silver resources in Australia
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Antilles Gold is betting on more normalised relations between the United States and Cuba when Joe Biden moves into the White House. The ASX-listed explorer hopes the Biden Presidency will lead to more global investment in Cuba, including for the company’s La Demajagua gold and silver project. Antilles will undertake a drilling program in January to establish an initial JORC resource for the planned open pit mine.
Antilles Gold is betting on more normalised relations between the United States and Cuba when Joe Biden moves into the White House. The ASX-listed explorer hopes the Biden Presidency will lead to more global investment in Cuba, including for the company’s La Demajagua gold and silver project.