Latin Resources Limited’s Post

We are pleased to provide an update on the sale of certain tenements at the Nepean Nickel Project to Rocktivity Mining.   Following discussions, FBM has agreed to revise the deferred consideration to $1.04 million, which includes: ✅ $265,000 received on 18 June 2024 ✅ $773,656 due on or before 25 September 2024.   The revised deferred consideration is in addition to the $2.8 million in cash consideration previously received under the tenement sale agreement.   In addition, Rocktivity will: ✅ Grant FBM a 1% net smelter royalty on all minerals and metals produced from the Nepean Nickel Project ✅ Pay an additional $500,000 subject to the achievement of specific milestones.   Our Managing Director and CEO, Nick Rathjen, commented: "We are pleased to have reached a positive and sensible commercial compromise with Rocktivity. The outcome allows us to conclude the successful disposal of the Nepean asset, in what remains a particularly depressed nickel market environment. This further rationalisation of our asset portfolio also allows a sharper focus on our flagship projects, the Kangaroo Hills and Miriam Lithium Projects in the W.A. Goldfields. The final payment from Rocktivity will further strengthen our cash position, reinforcing our commitment to advancing these strategically positioned projects through smart, cost-effective exploration.”   Read the full announcement here: https://bit.ly/4gpCZ4V   #FutureBatteryMinerals #FBM #NepeanNickel #Mining #WesternAustralia

Canada has introduced new rules limiting foreign takeovers of its mining companies, stating that it will only approve such takeovers of large domestic mining companies with significant critical minerals operations in the most exceptional circumstances. This move aims to protect the country's metals, which are fundamental to global electrification and energy transitions. However, this decision is likely to impact the share prices and valuations of Canadian-based mining companies, including Lundin Mining, Teck Resources, Cameco, Ivanhoe Mines, First Quantum, and Hudbay Minerals. This is announced shortly after the country approved Glencore's $7billion purchase of Teck Resources met coal business. #miningnews #canadianmining #miningindustry

M&A activity in South Africa’s mining sector is being driven by the global demand for copper and strategic minerals, as well as consolidation to improve efficiency. As companies adapt to the clean energy transition, these factors are set to position the industry for growth where further M&A activity is expected. Download the SA MIne 2024 report for further insights: https://ow.ly/Jgxl50TAzy6 #SAMine2024 #SAMining

BME, a Member of the Omnia Group, a silver sponsor at the 2025 Investing in African Mining Indaba, will be sharing its commitment to #DecarbonisationandAdvancedTechnologies – supporting the #Mining sector’s drive to reduce its environmental footprint while enhancing #OperationalEfficiency. According to Ralf Hennecke, MD of BME, the company is known for its emulsions, equipment and electronic initiation technology that enhance mines' #EnvironmentalSustainabilityEfforts. Read about it here: https://lnkd.in/dECmab4h #AfricanMining #Sustainability #BlastinginMining #OmniaHoldingsCompanyBME #2025InvestinginAfricanMiningIndaba #DecarbonisationandAdvancedTechnologies

via The Assay The Assay TV caught up with Michael Parker, Executive Director of Solis Minerals at 121 Mining Investment Event, London, this month. #SLM is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte in the Coastal Belt of Peru. Solis has recently confirmed the presence of copper and associated elevated molybdenum mineralisation in initial reconnaissance sampling at the recently acquired Canyon Project in Peru. WATCH the full interview https://loom.ly/wFNiZJw #SolisMinerals #ASX #MiningInterview #Investing

Pilbara Minerals' announcement to acquire Latin Resources marks a significant milestone for Brazil's "Lithium Valley," reinforcing the region's position on the global lithium map as one of the world's leading lithium mining jurisdictions. Note that Latin Resources' Colina deposit is located directly adjacent to our Salinas project (Measured: 7.57Mt grading 1.40% Li2O and Inferred of 11.86Mt grading 1.44% Li2O), where we are currently undertaking a 30,000m drill program to expand and upgrade the resource estimate. Brazil's prominence as a leading destination for lithium mining is clearly demonstrated by its ability to attract major industry players like Pilbara Minerals. The substantial 67% premium in this transaction underscores the strategic advantages of operating in a low-cost, government-supported, and mining-friendly environment. We are excited to welcome Pilbara Minerals to Brazil's "Lithium Valley"! $LTH $PLS.AX #lithium #Li #LithiumMining #EV #battery #mining #Brazil #spodumene #PilbaraMinerals

Portugal’s Copper Priority Portugal is shaping a new strategic plan to prioritize copper over lithium, essential for Europe’s green transition. Copper's role in electric vehicles and infrastructure makes it crucial, according to Environment Minister Maria da Graca Carvalho. Already home to the EU’s largest copper mine, operated by Lundin Mining, Portugal's plan—expected July 22—aims to identify areas for critical material production, reducing Europe’s reliance on external sources like China. Previous lithium auctions faced delays due to environmental concerns, highlighting the need for careful scientific evaluations moving forward. #Copper #Mining #GreenTransition #Portugal #investmentopportunity Source:https://buff.ly/4euXhHW

🔋 Norge Mining is planning to acquire Skaland Graphite AS, Europe’s largest natural graphite producer, through its Norwegian subsidiary. The acquisition could enhance the EU’s green energy supply chain and potentially reduce dependence on China’s graphite. The deal is expected to finalize in Q1 2025, pending customary closing conditions and regulatory approvals. Read more: https://lnkd.in/ewuuzNeb #batterymaterials #greenenergy #supplychain

BME, a Member of the Omnia Group, a silver sponsor at the 2025 Investing in African Mining Indaba, will be sharing its commitment to #DecarbonisationandAdvancedTechnologies – supporting the #Mining sector’s drive to reduce its environmental footprint while enhancing #OperationalEfficiency. According to Ralf Hennecke, MD of BME, the company is known for its emulsions, equipment and electronic initiation technology that enhance mines' #EnvironmentalSustainabilityEfforts. Read about it here: https://lnkd.in/dU7pZFz5 #MTEExpos #Sustainability #BlastinginMining #OmniaHoldingsCompanyBME #2025InvestinginAfricanMiningIndaba #DecarbonisationandAdvancedTechnologies

Solstice Minerals is pleased to report that it has sold a non-core Exploration Licence E31/1262 to Kalgoorlie Gold Mining, consistent with its strategy to refine and prioritise its Yarri Project landholdings. Read the full announcement https://ow.ly/lZjW50Um8Ww #SLS #gold #exploration #WA #Yarri