Boron and Lithium Company Partners with Fluor
The boron and lithium company 5E Advanced Materials, Inc. (FEAM) announced its collaboration with Fluor Corporation as the engineering, procurement and construction services provider. Fluor will lead 5E’s FEL-2 and the upgrade of its current S-K 1300 technical document into a Pre-feasibility Study upon completion. 5E CEO Susan Brennan expressed excitement, saying, “We are thrilled to engage a world-class EPC firm like Fluor, as their extensive track record will serve to be invaluable to 5E throughout this next phase of execution.”
She added, “With 5E’s recent successful recapitalization, and commencement of mining operations earlier this year, this relationship further advances 5E into the next stage of project development as we continue to work towards our vision of successfully building a large-scale Boron and Lithium operations.”
GoldMining Inc. Sells Nutmeg Mountain
GoldMining Inc. (GLDG) completed the sale of Nutmeg Mountain to NevGold Corporation (NAUFF) for 10 million shares of NevGold, valued at $3 million. GoldMining CEO Alastair Still commented, “By completing this transaction, the NevGold team benefits from synergies with their projects in neighboring Nevada and has completed the required expenditures and advanced the Project.”
He also stated, “With many high-priority untested drill targets, we are excited to see NevGold continue to advance Nutmeg Mountain, as well as their other projects in Nevada and British Columbia. For GoldMining, the transaction allows us to remain focused on our strategic initiatives, while bolstering our balance sheet through our strategic investment in NevGold.”
Scrutiny on Ramaco Resources
Shareholder rights law firm Bragar Eagel & Squire, P.C. is investigating allegations against Ramaco Resources, Inc. (METC) to determine whether they violated federal securities laws. Ramaco Resources faced criticism in a Wolfpack Research report for overhyping the potential of its Brook Mine, claiming unprofitable mining prospects and possible negative extractability test results, impacting its stock value.
Olympic Steel’s Safety VP Promotion
Olympic Steel Inc. (ZEUS) promoted Anthony G. Dominic to vice president of Safety, Health and Environment, in which role he will lead Olympic Steel’s safety programs and teams across all locations.