Sprott Resource Holdings Inc. announces that the Toronto Stock Exchange has notified the Company that it is reviewing the eligibility of the Company’s securities for continued listing on the TSX pursuant to the requirements of the TSX Company Manual . The Company is being reviewed under the TSX’s remedial review process and has been granted 120 days to comply with all requirements for continued listing. If the Company [...]
Sprott Resource Holdings Inc. today announced that it has agreed to end its management services relationship with Sprott Consulting Limited Partnership , a wholly-owned entity of Sprott Inc. and transition to establish an independent management team. The Company has entered into a Transitional Support Agreement dated May 12, 2020 with SCLP pursuant to which the Management Services Agreement between the Company and SCLP [...]
Sprott Resource Holdings Inc. today announced that Minera Tres Valles SpA , the Company’s 70% Chilean copper mining subsidiary, has commenced reorganization proceedings by filing a Judicial Restructuring Procedure in Chile to seek protection from creditors to give MTV sufficient time to complete its refinancing efforts to allow for the completion of the construction of its underground mine. This is the equivalent of [...]
Sprott Resource Holdings Inc. announced today that pursuant to a share purchase agreement entered into by Sev.en Met Coal Corp. and Sprott Resource Coal Holdings Corp. , a wholly owned subsidiary of SRHI, it disposed of 16,244,765 common shares of Corsa Coal Corp. at a price of $0.22 per share for aggregate gross proceeds of $3,573,848.30, subject to adjustment in certain circumstances where the purchaser acquires [...]
Sprott Resource Holdings Inc. today announced that it has received written notice from the lenders of Minera Tres Valles SpA , the Company’s 70% Chilean copper mining subsidiary, that certain events of default have occurred and are continuing under the loan facility agreement with MTV including events of default under clauses 24.6 , 24.12 and/or 24.14 . The lenders have informed MTV and the Company that it has chosen not [...]
Sprott Resource Holdings Inc. today announced that the annual general meeting scheduled for May 13, 2020 is postponed as a consequence of the COVID-19 virus. A notice for a rescheduled AGM will be announced in due course for the holding of an AGM before the end of June 2020. About Sprott Resource Holdings Inc. SRHI is a publicly-listed diversified resource holding company focused on the natural resource industry. SRHI is [...]
- Sprott Resource Holdings Inc. today announced its operating and financial results for the year ended December 31, 2019. The Company's principal operating business is its 70% equity interest in the producing copper mine Minera Tres Valles in Salamanca, Chile. The Company's financial statements and management's discussion and analysis are available at www.sprottresource.com and www.sedar.com. "The events currently [...]
Sprott Resource Holdings Inc. today provided an update relating to the COVID-19 related market uncertainty and an update on the immediate impact to the Company’s copper mining operations at Minera Tres Valles located in Salamanca, Chile. “The constantly changing and escalating COVID-19 situation is unprecedented and for many is a time filled with uncertainty and concern,” said Michael Harrison, Interim [...]
Sprott Resource Holdings Inc. provides an update on the strategic review by the Special Committee of the Board of Directors . On February 11, 2019, the Company announced that in consultation with its significant shareholders including Sprott Inc., the Board formed a Special Committee of the Board comprised of four Independent Directors and chaired by Terry Lyons, the Chairman of the Board. The Special Committee reviewed [...]
Sprott Resource Holdings Inc. today announced that it has closed the previously announced secured prepayment facility provided to Minera Tres Valles by Anglo American Marketing Limited and a fund under the investment management of Kimura Capital LLP and the funds have been received to be utilized for the expansion of the MTV copper project located in Chile. Key Terms of the Facility and Offtake US$45 million in principal [...]
Sprott Resource Holdings Inc. today announced that it has signed the previously announced secured prepayment facility and offtake agreement to be provided to Minera Tres Valles by Anglo American Marketing Limited and a fund under the investment management of Kimura Capital LLP to be utilized for the expansion of the MTV copper project located in Chile. Financial close and receipt of funds is expected within the next two [...]
- Sprott Resource Holdings Inc. today announced its operating and financial results for the three and nine months ended September 30, 2019. The Company's principal operating business is its 70% equity interest in the Chilean producing copper mine Minera Tres Valles . The Company's financial statements and management's discussion and analysis are available at www.sprottresource.com and www.sedar.com. “MTV continued [...]
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