Northern Star Resources Ltd. to file an early warning report advising of the sale of common shares of Superior Gold Inc. . Northern Star disposed of an aggregate of 6,300,000 Common Shares through the facilities of the TSX Venture Exchange on June 28, 2021 at a price of $0.63 per Common Share for an aggregate cash consideration of $3,906,000 . Immediately prior to the Disposition, Northern had ownership and control …

Northern Star Resources Ltd. (“ Northern Star ”) to file an early warning report (the “ Early Warning Report ”) advising of the sale of common shares (the “ Common Shares ”) of Superior Gold Inc. (“ Superior Gold ”). Northern Star disposed of an aggregate of 6,300,000 Common Shares through the facilities of the TSX Venture Exchange (the ” TSXV “) on June 28, 2021 at a price of $0.63 per Common Share for an aggregate cash consideration of $3,906,000 (the ” Disposition “).

Immediately prior to the Disposition, Northern had ownership and control of 18,346,261 Common Shares and 13,960,561 Warrants. The Common Shares held by Northern Star represented approximately 15.1% of the issued and outstanding Common Shares on a non-diluted basis. On a partially-diluted basis, assuming exercise of the Warrants, Northern Star would have owned and controlled 32,306,822 Common Shares, representing approximately 23.8% of the outstanding Common Shares.

Following the Disposition, Northern Star has ownership and control over an aggregate of 12,046,261 Common Shares. Immediately following completion of such transactions, the 12,046,261 Common Shares over which Northern Star has ownership and control of represents approximately 9.9% of the issued and outstanding Common Shares on a non-diluted basis. On a partially-diluted basis, assuming exercise of the 13,960,561 Warrants owned by Northern Star, Northern Star would have ownership and control of 26,006,822 Common Shares, representing approximately 19.2% of the outstanding Common Shares.

The Securities held by Northern Star are for investment purposes only and not for the purpose of exercising control or direction over Superior Gold. Northern Star has no current plan or proposal which relates to, or would result in acquiring additional ownership or control over securities of Superior Gold (other than the exercise of the Warrants). Northern Star may or may not purchase or sell securities of Superior Gold in the future on the open market or in private transactions, depending on market conditions and other factors material to Northern Star’s investment decision.

A copy of the early warning report required to be filed by Northern Star with applicable securities commissions will be filed under Superior Gold’s profile on SEDAR at www.sedar.com and a copy of the early warning report may also be obtained by contacting the Company Secretary of Northern Star, at Level 1, 388 Hay Street, Subiaco WA 6008 Australia, email: compliance@nsrltd.com.


News Provided by GlobeNewswire via QuoteMedia

Australia Resource Investing 101

If you’re reading this, chances are you’ve seen some of the recent buzz around Australia as a destination for resource investment and potential profit.

Australia ranks as the 13th largest economy in the world, due in no small part to its mineral largess. Between 2010 and 2020, mining contributed an impressive 10.4 percent to Australia’s economy, translating to a gross domestic product of AU$202 billion.

The country is a global mining hotspot, and its abundant natural resources and government incentives have attracted some of the mining industry’s biggest names: BHP (ASX:BHP,LSE:BHP,NYSE:BHP), Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) and Newcrest Mining (ASX:NCM,OTC Pink:NCMGF).

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Change in directors interest notice – MR

The announcement can be viewed at:

Keep reading... Show less

Elizabeth Geophysical Survey Highlights Scale Potential

HIGHLIGHTS

  • The first ever high resolution airborne geophysics survey on Elizabeth has identified the potential for a much larger scale gold system that significantly increases the footprint and depth extensions of potential gold mineralisation
  • The Blue Creek Porphyry intrusion, which hosts the high-grade gold mineralisation at Elizabeth likely covers an area >4x its previously known extent
  • The Blue Creek Porphyry appears to extend at least 2km below surface (ie, approximately 10x deeper than currently drill-tested)
  • Two additional anomalies have been identified as potential intrusive bodies similar to the Blue Creek Porphyry. These two anomalies show strong continuity along strike and are also extensive at depth

Tempus Resources Ltd (” Tempus ” or the ” Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce the results of the first ever high resolution airborne magnetic and radiometric geophysical surveys completed over the entire Elizabeth Gold Project in Southern BC, Canada

Keep reading... Show less

Rio Tinto and Komatsu partnering for zero-emission mining

Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks.

Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable.

Keep reading... Show less

Hastings Technology Metals Ltd Onslow Selected for Yangibana RE Hydrometallurgical Plant

Perth, Australia (ABN Newswire) – Australia’s next rare earths producer, Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to announce that it has received conditional approval from the WA Government to develop the Yangibana Rare Earths Project’s (Yangibana) hydrometallurgical plant in the Ashburton North Strategic Industrial Area (ANSIA), near Onslow on the Pilbara coast.

ANSIA is home to Chevron’s Wheatstone and BHP’s Macedon gas projects and offers Hastings access to key utilities as well as proximity to a skilled workforce in Onslow and the town’s port and airport facilities.

The ANSIA location has access to key connections services required for rare earths processing, such as piped natural gas, sufficient water and power, which are all located within close proximity of the proposed Yangibana hydrometallurgical location.

Keep reading... Show less

Australia Resource Investing 101

If you’re reading this, chances are you’ve seen some of the recent buzz around Australia as a destination for resource investment and potential profit.

Australia ranks as the 13th largest economy in the world, due in no small part to its mineral largess. Between 2010 and 2020, mining contributed an impressive 10.4 percent to Australia’s economy, translating to a gross domestic product of AU$202 billion.

The country is a global mining hotspot, and its abundant natural resources and government incentives have attracted some of the mining industry’s biggest names: BHP (ASX:BHP,LSE:BHP,NYSE:BHP), Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) and Newcrest Mining (ASX:NCM,OTC Pink:NCMGF).

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Change in directors interest notice – MR

The announcement can be viewed at:

Keep reading... Show less

Elizabeth Geophysical Survey Highlights Scale Potential

HIGHLIGHTS

  • The first ever high resolution airborne geophysics survey on Elizabeth has identified the potential for a much larger scale gold system that significantly increases the footprint and depth extensions of potential gold mineralisation
  • The Blue Creek Porphyry intrusion, which hosts the high-grade gold mineralisation at Elizabeth likely covers an area >4x its previously known extent
  • The Blue Creek Porphyry appears to extend at least 2km below surface (ie, approximately 10x deeper than currently drill-tested)
  • Two additional anomalies have been identified as potential intrusive bodies similar to the Blue Creek Porphyry. These two anomalies show strong continuity along strike and are also extensive at depth

Tempus Resources Ltd (” Tempus ” or the ” Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce the results of the first ever high resolution airborne magnetic and radiometric geophysical surveys completed over the entire Elizabeth Gold Project in Southern BC, Canada

Keep reading... Show less

Rio Tinto and Komatsu partnering for zero-emission mining

Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks.

Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable.

Keep reading... Show less

Hastings Technology Metals Ltd Onslow Selected for Yangibana RE Hydrometallurgical Plant

Perth, Australia (ABN Newswire) – Australia’s next rare earths producer, Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to announce that it has received conditional approval from the WA Government to develop the Yangibana Rare Earths Project’s (Yangibana) hydrometallurgical plant in the Ashburton North Strategic Industrial Area (ANSIA), near Onslow on the Pilbara coast.

ANSIA is home to Chevron’s Wheatstone and BHP’s Macedon gas projects and offers Hastings access to key utilities as well as proximity to a skilled workforce in Onslow and the town’s port and airport facilities.

The ANSIA location has access to key connections services required for rare earths processing, such as piped natural gas, sufficient water and power, which are all located within close proximity of the proposed Yangibana hydrometallurgical location.

Keep reading... Show less

Lake Resources NL Quarterly Activities Report

Sydney, Australia (ABN Newswire) – Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is a lithium developer utilising clean, direct extraction technology for the development of high purity lithium products with significant ESG benefits from its flagship Kachi Project (4.4mt LCE resource), and three other lithium brine projects in Argentina. No mining is involved in the brine processing.

Lake owns over 220,000 hectares (0.5 million acres) of leases in a prime location within the Lithium Triangle, alongside all 5 major lithium producers.

A key difference in Lake’s development plan to lithium production is to use an efficient direct lithium extraction method (DLE) from our technology partner, Lilac Solutions Inc. This enables Lake Resources to be a cost competitive supplier of high-purity lithium carbonate with a low carbon (CO2) footprint, low water use and low land use – strong Environmental, Social, Governance (ESG) benefits.

Keep reading... Show less

Top News

Related News