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Extended low lithium prices could drive a surge in industry mergers and acquisitions, analysts suggest. BMI metals and mining analyst, Amelia Haines, highlighted that out of 164 operations in their database, 126 companies possess these projects. This scenario sets the stage for larger, well-funded miners to pursue acquisitions of promising lithium assets in response to the increasing demand. #Lithium #MergersAndAcquisitions #MiningIndustry #CriticalMinerals #EnergyTransition

Canaccord Genuity has advised on the merger of Cygnus Metals (ASX:CY5) and Doré Copper Mining Corp. (TSX-V:DCMC) – creating a significant Quebec-focused critical minerals explorer with high grade copper and lithium resources. CG also helped raise A$11 million as part of the transaction to accelerate resource growth and advance the pathway to production at Chibougamau whilst also advancing the lithium exploration pipeline in James Bay.   Cygnus is an emerging exploration company with lithium projects in the world class James Bay lithium district in Canada with a JORC inferred resource of 10.1Mt @ 1.04% Li2O. Doré’s Chibougamau Copper Gold Project adds a high-grade Cu/Au resource of 10.8Mt @ 3.5% CuEq. The merger is targeted to close in late-December 2024 with the primary listing to be on the ASX.   CG acted as Financial Adviser to Cygnus on the merger and Joint Lead Manager to the equity raising component of the transaction. This transaction exemplifies CG’s expertise in cross border transactions.   Congratulations to David Southam and the entire CY5 team. CG’s M&A advisory team was led by John Toll and Courtney Libby and our Investment Banking team was led by Christian Calabrese, Courtney Libby and Alexander Bassil. ECM / investor engagement was led by Will Morley and Jack Sampson with global investor engagement led by James Thomson.

via Mining.com.au This week in Rockets and Tanks, Latin Resources Limited’s share price spiked 45% to $0.175 yesterday, after Pilbara Minerals announced its proposed merger. Pilbara Minerals, which has a market capitalisation of $8.57 billion, entered into a binding scheme to acquire Latin Resources. #LRS shareholders will receive 0.07 shares in the new merged company for each Latin share held, and will also own about 6.5% of Pilbara’s shares upon implementing the agreement. Read more: https://loom.ly/RG8jOgM #LatinResources #ASX

Sayona Mining and Piedmont Lithium have announced a merger worth $623 million, creating a new giant in the lithium industry. The deal will see Sayona acquire Piedmont in an all-stock transaction, forming a major player in the global lithium market. This strategic move will further solidify the companies' positions in the electric vehicle and renewable energy sectors, as demand for lithium continues to surge. #SayonaMining #PiedmontLithium #merger #lithiumindustry #electricvehicles #renewableenergy #globalmarket #strategicmove #industrynews #IndexBox https://lnkd.in/d_s4ciik

Gold Fields buys Osisko in $1.6 billion cash deal South Africa’s Gold Fields is buying Canada’s Osisko Mining in a deal valued at C$2.16 billion ($1.6 billion) as record-breaking prices for the precious metal fuels mergers, acquisitions and expansions.

Mining - Cheaper to Buy than Build. BHP move on Anglo The manager of the world’s biggest mining funds, BlackRock’s Evy H., says it’s now cheaper to buy mines rather than build them, in a tacit approval for a wave of big deals like BHP’s bid for Anglo American. Speaking in London on Thursday night, Mr Hambro commended the big miners for reforming their capital allocation habits over the past decade, and said acquisitions were a “normal” part of business. The comments were conspicuously supportive for mergers and acquisitions compared to Mr Hambro’s rhetoric at other times over the past 15 years, when he prominently urged big miners to focus on shareholder returns rather than value-destructive deals and projects. That all said there is not enough mines to buy and exploration and development of mines are needed. #mining #mergers #corporateactivity #investment #mine #copper #edenam

Seale & Associates, Inc. is pleased to share our latest report on the Mining sector. This report explores the most prominent trends and the latest operations defining and transforming the industry.

Rio Tinto Chairman Calls for New Mines to Meet Energy Transition Demand The world urgently needs new mines to meet the growing demand for essential energy-transition metals like copper, according to Rio Tinto Group chairman Dominic Barton. He stressed that mergers and acquisitions (M&A) alone won’t close the looming supply gap. “We can’t rely solely on inorganic growth through deals to solve this issue,” Barton said in a Bloomberg TV interview. “The challenge is vast, spanning at least five critical commodities.” While global mining M&A activity has surged recently, driven by strong cash flows and the demand for green energy metals, Barton…Read More Here https://lnkd.in/djjWUHue

Horizon Minerals LTD (ASXHRZ) and Poseidon Nickel Limited (ASX:POS, OTC:PSDNF) have announced plans to merge under a Scheme of Arrangement, accelerating the development of a new mid-cap gold producer in Western Australia. Under the agreement, Horizon will acquire 100% of Poseidon’s shares and unlisted options, creating a combined entity with significant gold and nickel resources. The merger will also enable Horizon to access Poseidon’s Black Swan processing infrastructure, fast-tracking gold production from Horizon’s key projects. The merger will consolidate Horizon’s 1.8 million ounces of gold and Poseidon’s 422,700 tonnes of nickel, alongside a 1,309 square kilometre exploration tenure in the WA Goldfields. More at #Proactive #ProactiveInvestors #ASX #HRZ #POS #Mining #Gold #Nickel #Silver #PreciousMetals #BaseMetals http://ow.ly/5TfW105MULA

Rio Tinto is offloading a 30% stake in its Winu #copper-#gold project in Australia to Japan’s Sumitomo Metal Mining Co., Ltd. for $399 million. Talk of a sale has been floating around for the past year. Part of it is due to Rio's focus on top tier projects (while Winu is large, it's nowhere near the size of projects like Escondida etc, so having a venture partner to help develop is a natural fit). #mining #miningnews #mergers #acquisitions #deals #metals https://lnkd.in/gV5DSHs6