Macarthur Minerals Ltd. is pleased to announce that it has closed the previously announced private placement offering of US$6 million of secured Convertible Note on conditional acceptance. The total placement closed with subscriptions totalling 600 Notes for gross proceeds of US$6,000,000 with attaching warrant offered for one fourth of the [...]
Macarthur Minerals Ltd. is pleased to announce that final approval is being sought from the TSX-V to close the private placement offering of US$6 million of secured Convertible Note as previously announced on March 19, 2019. The proceeds of the Offering will be used to complete a Bankable Feasibility Study on Macarthur’s Lake Giles Iron Ore [...]
Macarthur Minerals Ltd. is pleased to announce that FE Limited has elected to exercise its option with Macarthur Lithium Pty Ltd , a wholly owned subsidiary of Macarthur Minerals Ltd. , that forms part of the Option Agreement to earn-in up to 75% interest in the Company’s gold, copper and lithium tenements in the Pilbara Region of Western [...]
Macarthur Minerals Ltd. is pleased to announce that it will be hosting a conference call on Monday June 24, 2019 at 3:00 PM EDT. The Company will go over the recently announced results of its PEA completed by independent consultants, Engenium Pty Ltd. Joe Phillips, CEO will go over the results followed by a 15-minute Q&A session. For call in [...]
Macarthur Minerals Ltd. is pleased to announce the results of the Preliminary Economic Assessment undertaken by independent consultants Engenium Pty Ltd for its 100% owned Lake Giles Iron Ore Project in Western Australia. The PEA was completed for a 2.5 to 3.4 Mtpa operation incorporating the Moonshine Magnetite and Ularring Hematite Mineral [...]
Macarthur Minerals Ltd. announces an extension to its previously announced non-brokered private placement offering of up to US$6 million of secured Convertible Note , for a further period of 30 days, until July 2, 2019 to meet a number of conditions precedent to the financing including that of the Australian Foreign Investment Review Board set out [...]
Macarthur Minerals Ltd. is pleased to announce the appointment of New York based portfolio manager Andrew Suckling to the Board of Directors as a Non-Executive Director, subject to TSX-V approval and the retirement of David Lenigas. Mr. Suckling is Non-Executive Chairman of the Board of Cadence Minerals PLC, one of Macarthur’s largest [...]
Macarthur Minerals Ltd. is pleased to announce, that further to the announcement of March 19, 2019, that a subsidiary of Glencore plc has agreed to participate in the US$6 million secured Convertible Note on a private placement basis for US$2 million. Glencore’s participation in this financing, strengthens the life-of-mine long-term strategic [...]
Macarthur Minerals Ltd. is pleased to announce that further to the announcement of March 19, 2019, Exception Capital LLP has agreed to participate in the US$6 million secured Convertible Note on a private placement basis for US$1 million. Cameron McCall, Executive Chairman of Macarthur Minerals commented; “Macarthur is delighted for Exception [...]
Macarthur Minerals Ltd. is pleased to announce that Macarthur Lithium Pty Ltd , a wholly owned subsidiary of Macarthur has entered into an exclusive option agreement with Fe Ltd. , for FEL to acquire an interest of up to 75% in the tenements listed at Schedule 1 The Project includes 19 tenements highly prospective for gold, copper and lithium in [...]
Macarthur Minerals Ltd. announces that it has extended the closing of its non-brokered private placement offering of up to US$6 million of secured Convertible Note as announced on March 19, 2019, until June 2, 2019. Cameron McCall, Executive Chairman of Macarthur Minerals commented; “Macarthur has been in detailed negotiations with [...]
Macarthur Minerals Ltd. is pleased to announce that it has engaged Orbit Drilling Pty Ltd to commence an infill drill program at its Moonshine Magnetite Project at Lake Giles in the Yilgarn region of Western Australia. Figure 1. Location of planned drill holes at Moonshine and Moonshine North magnetite deposits. Highlights The Company has [...]