PROSPECT RESOURCES ORD
Prospect Resources secures $15.2m investment from First Quantum Minerals to advance Mumbezhi copper project
Prospect Resources (ASX: PSC) is set to receive a $15.2 million cornerstone investment from global copper miner First Quantum Minerals in return for a 15% shareholding. Prospect expects the investment will help advance its Mumbezhi copper project in north-west Zambia, with the Canadian producer to act as a key technical partner alongside Prospect’s main exploration […]
Market wrap: share market searching for a new theory as interest rate cuts evaporate
Investors are scrambling around looking for a new investment thesis after the long-awaited prospect of global official interest rate cuts continued to fade out of view. A combination of stubbornly resurgent inflation in the United States, the potentially worsening war in the Middle East and the prospect of a US election campaign all contributed to […]
Prospect Resources to acquire 85% stake in Mumbezhi copper project
Prospect Resources (ASX: PSC) has continued to grow its battery minerals presence in sub-Saharan Africa by acquiring an 85% stake in the Mumbezhi copper project in north-western Zambia. The company has secured the acquisition with current owner Global Development Co-operation Consulting Zambia (GDC) for a cash consideration of approximately $8.32 million and $1.5m in Prospect […]
Prospect Resources signs Sibelco NV as offtake partner for petalite from Arcadia lithium project
African lithium developer Prospect Resources (ASX: PSC) has secured global industrial minerals solutions company Sibelco NV as a long-term offtake partner for the ultra-low iron petalite to be produced from its Arcadia project in Zimbabwe. The seven-year agreement is for up to 100,000 dry metric tonnes per year – or up to 700,000dmt over the […]