July 3, 2018 |
Regulus Resources has agreed to spin out its Argentine assets under the newly-formed company Aldebaran Resources, created through a joint venture (JV) with Stillwater Canada, an indirect affiliate of Sibanye-Stillwater.
The JV with Stillwater gives Aldebaran up to 80% in Peregrine Metals, a wholly-owned subsidiary of Sibanye-Stillwater. The latter owns the Altar copper and gold project in San Juan province, Argentina.
Regulus' spin-off entails a minimum $30m common share financing in Aldebaran a
Canadian miner agrees to move South American assets under the newly-formed Aldebaran Resources