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β π₯³ Independence Hits High-Grade
PLUS: Hudbay Bids For Copper Mountain
Greetings Contrarian,
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source: tradingeonomics.com
This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and sing while sober.
Here are the highlights:
π² Luminex Hits Breccia Pipe
π¨π»βπΌ Hudbay Bids For Copper Mountain
π₯³ Independence Hits High-Grade
π² Luminex Hits Breccia Pipe
Highlights:
203.0 metres grading 1.48 g/t Au Eq, including 33.0 metres grading 5.41 g/t Au Eq
33.0 metres within the newly discovered breccia pipe, adjacent to the Cuyes West structure
1.0 metre grading 118.44 g/t Au Eq; the highest-grade assay ever at Cuyes
That does not look bad at all.
π¨π»βπΌ Hudbay Bids For Copper Mountain
Copper Mountain operates a single mine near Princeton, making it a prime acquisition target for larger companies seeking copper resources.
Zeta Resources and Mitsubishi Materials Corp., which own 9.96% and 25% of Copper Mountain respectively, have signaled their approval of the acquisition. GMT Capital, owning 11.7% of Hudbay Minerals, has also expressed its support.
Hudbay, a Canadian miner with operations in Manitoba, Peru, Arizona, and Nevada, aims to become Canada's third-largest copper producer with this acquisition.
The offer stands at C$2.67 per share, equating to C$593 million ($439m) for Copper Mountain.
Each Copper Mountain shareholder will receive 0.381 of a Hudbay common share per Copper Mountain share. The offer will be put to a shareholder vote on June 13.
Itβs Major M&A Season And We Cannot Lie.
π₯³ Independence Hits High-Grade
Highlight:
11.50 Metres Grading 7.72 g/t Gold and 172.85 g/t Silver
See original news for other highlights.
π₯Έ Meme of The Day
Tell me there is
β Paola Rojas π (@paola_rojas)
8:38 AM β’ May 18, 2023
Happy Speculating!
The Editor
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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