DEALS DEALS DEALS

Waraba Gold LimitedWaraba appointed capital markets veteran Adam Cegielski to its board effective immediately, adding a director who was a founding director of Cayden Resources, sold to Agnico Eagle for approximately C$205 million, and who currently chairs Silver Viper Minerals and Orex Minerals. The appointment comes as Waraba advances its West African gold strategy and evaluates opportunities in Cote d’Ivoire; Cegielski receives a C$50,000 annual retainer paid in deferred share units.

Vista Gold Corp.Vista Gold jumped after Artemis Gold agreed to acquire the company in an all-share deal worth approximately US$427 million, with Vista holders receiving 0.0966 Artemis shares apiece, a 29% premium to Vista’s 20-day VWAP. The deal adds Vista’s Mt Todd project in the Northern Territory, which holds 9.1 million ounces of measured and indicated resources and key permits for a 50,000 tonne per day plant.

Spanish Mountain Gold Ltd.Spanish Mountain released an updated PEA and mineral resource estimate lifting the base-case after-tax NPV to US$2.16 billion at a 35.2% IRR using US$3,600/oz gold, with measured and indicated resources up 12% to 4.66 million ounces and mine life extended to 25.8 years for 3.33 million total ounces. BC’s Environmental Assessment Office also confirmed the company can resume its previously paused EA process, with a draft Detailed Project Description due Q4 2026 ahead of a targeted build decision in H1 2028.

Apollo Silver Corp.Ejido Benito Juarez’s September 20 assembly to vote on lifting its 2012 mining moratorium at Cinco de Mayo was adjourned before business was conducted due to a lack of quorum. The Ejido will reconvene under Mexican agrarian law, likely in October, when the standard 50%-plus-one attendance threshold no longer applies and resolutions can pass by simple majority of whoever attends.

Cosa Resources Corp.Cosa’s most recent disclosure, September 14, reported 13 holes over 650 metres of strike at the Murphy Lake North joint venture with Denison Mines, all intersecting structure or alteration, with the company holding $16 million in treasury and fully funded for follow-up drilling.

Global Atomic CorporationGlobal Atomic’s most recent disclosure, September 16, saw the board of the U.S. International Development Finance Corporation approve a debt facility of up to US$414.2 million for the Dasa Uranium Project in Niger, a milestone that drove the prior run-up. That approval remains subject to several material conditions, including securing a viable yellowcake export route and extending the project’s mining convention.