Latest Direct Shipping Ore News

Red Hawk Mining Limited has issued a Target’s Statement recommending shareholders accept Fortescue’s off-market takeover offer at $1.05 per share, rising to $1.20 if Fortescue secures 75% ownership. An independent expert confirms the offer is fair and reasonable, providing a significant premium and resolving funding uncertainties for Red Hawk’s Blacksmith Project.

EV Resources Limited has agreed to acquire a 70% interest in the Los Lirios Antimony Mine in Oaxaca, Mexico, positioning itself to address a tightening global antimony market amid soaring prices and supply constraints.

Red Hawk Mining has made significant progress on its Blacksmith Iron Ore Project, submitting a mining proposal and reporting positive sinter test results, while managing tight cash reserves through asset sales and loan negotiations.

Black Canyon Limited has confirmed a significant new manganese discovery at its Wandanya Project, alongside high-grade iron mineralisation, supported by a successful $2.5 million capital raise to accelerate exploration.

Arrow Minerals is fast-tracking a Scoping Study for a Direct Shipping Ore operation at its Niagara Bauxite Project in Guinea, leveraging strong drilling results and strategic infrastructure access to capitalise on record bauxite prices.