Regulus spins off Argentine assets

Regulus spins off Argentine assets

M&A Argentina Canada

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

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