Meridian Mining SE is pleased to announce that it has closed its previously announced non-brokered private placement1 of 46,766,666 units at a price of C$0.075 per Unit, for gross proceeds of C$3,507,499.95. The Units consist of a common share and a non–transferable common share purchase warrant. Each Warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price [...]
Meridian Mining SE today announces that it has agreed with its major shareholder Sentient Global Resources FIV L.P. a long term pathway forward for the Company. Meridian and Sentient have agreed that to provide the maximum exposure to future growth of the Company for incoming investors, Sentient will return approximately 95% of its shareholding, for no cash consideration to treasury and that these shares will be then [...]
Meridian Mining SE today announces that the ANM has approved a trial mining licence on Jaburi licence 886643/2008 at the Espigão Project. Guia n° 48/2019 was approved for the production of 30,000t of Manganese oxide concentrate per annum, and is valid until 13/09/2021. The notice of approval was published in the Diário Oficial da União on the 23 December 2019. Highlights of Jaburi license It's one [...]
Meridian Mining today announced it has increased the loan facility from Sentient Global Resources Funds IV, L.P. originally made on August 17, 2018 . The Lender has agreed to increase the non-arm's length loan facility by US$1,550,000 for an overall principal amount of US$6,750,000. All other terms remain the same. The loan bears interest at a rate of 10% per annum and matures on March 31, 2020. As the Lender is [...]
In Response To Weakening World Manganese Prices Meridian Mining SE today announces, that due to the continued depressed world manganese ore prices, production from the Company's Espigão d'Oeste Manganese operation in Rondônia, Brazil, will be immediately be put on temporary Care and Maintenance , while continuing to explore value maximizing alternatives, including discussions with the Company's major [...]
Meridian Mining today announced it has increased the loan facility from Sentient Global Resources Funds IV, originally made on August 17, 2018. The Lender has agreed to increase the non-arm's length loan facility by US$700,000 for an overall principal amount of US$5,200,000. All other terms remain the same. The loan bears interest at a rate of 10% per annum and matures on March 31, 2020. As the Lender is considered to be [...]
Ademir Curral and 5 other targets now available for 2019-2020 exploration & extraction scheduling Meridian Mining SE today announces that it has been granted a Guia de Utilização permit No. GU nº 02/2019 for its Espigão manganese project by the Agência Nacional de Mineração , valid until 6th of March 2021 . The GU allows for the extraction 6,000t of Manganese oxide concentrate [...]
Four new applications lodged, targeting basin-hosted manganese mineralization in Rondônia, Brazil Meridian Mining SE today is pleased to announce that it has consolidated its land position in its new Mirante da Serra project area , with four new exploration licence applications lodged , covering the northern extensions of the basin succession hosting the Project's prospective manganese oxide mineralization . The [...]
Basin-hosted manganese project consolidates local land position in Rondônia, Brazil Meridian Mining SE today announces that it has signed an agreement to acquire a 100% interest in the Mirante da Serra manganese project , in the state of Rondônia, Brazil . Following a sequential process related to project and administrative milestone achievements, Meridian at its election, will acquire the Project for a [...]
Meridian Mining S.E. is pleased to report on the results of the Annual General Meeting of shareholders held on June 21, 2019. At the Meeting the shareholders approved the number of directors at four . John Sabine, Gilbert Clark, Charles Riopel, and Peter Weidmann were elected as directors of the Company for the ensuing year. In addition, at the Meeting the shareholders approved: The re-appointment of KPMG, LLP [...]
Release of base metals assays give context to larger hydrothermal origin of manganese veins Meridian Mining SE today releases all multi-element Diamond Drill Hole results from the Company's 2014-2015 drilling program on the Espigão project in Rondônia, Brazil . Prior drilling releases were previously reported solely on the manganese content of the vein systems. Following the recent development of an [...]
New processing of airborne geophysics highlights deeper intrusive-related exploration targets. Meridian Mining SE today releases the results of the first integrated 3D modelling undertaken on the Company's airborne magnetic and conductivity data, covering the Espigão project in Rondônia, Brazil . Multiple magnetic anomaly clusters have been identified. The anomalies underpin the surface Mn-Cu-Pb-Zn vein [...]
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