Three Valley Copper Appoints Bacchus Capital as Strategic and Financial Adviser
TORONTO, Feb. 14, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) is pleased to announce the appointment of Bacchus Capital Advisers Limited (“Bacchus Capital”) as strategic and financial adviser. The Bacchus Capital team bring an unparalleled depth of global experience in the mining sector and has initiated a detailed evaluation and strategic process to define the most optimal and efficient financial outcome for Three Valley Copper, its many key stakeholders and its financial and operating partners.
How an Aussie Zinc Miner Switched Horses From China to the US
Perth / London
Published in the Australian Financial Review
By Hans van Leeuwen
Dec. 8, 2021
Perth-based miner Ironbark Zinc looks set to surf a wave of geopolitical project funding aimed at curbing China’s global influence, as it looks to get a project in remote northern Greenland over the line.
The junior miner, whose Citronen zinc-lead project was formerly backed by a Chinese state-owned enterprise, on Wednesday unveiled a $US657 million ($934 million) funding deal with EXIM Bank, under the US government lender’s special “402A program” that aims to help companies compete with China.
If the EXIM deal comes off, Ironbark will look to raise the required equity capital in the first half of next year. It has contracted London-based Bacchus Capital to trawl “a range of interested parties drawn from the fields of base metals mining, refining and trading, and financial investment”.
Forsys Metals Announces Strategic Review
Toronto / London
Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”) is pleased to announce the appointment of Bacchus Capital Advisers (“Bacchus Capital”) to conduct a strategic review of the Company’s 100% owned Norasa Uranium Project (“Norasa”), located in Namibia, Africa.
The decision to undertake a strategic review of Norasa has been prompted by the ongoing developments in the uranium market and the structural misalignment of flat or declining supply versus growing demand. The strategic review will consider, evaluate and compare a broad selection of potential options for the purpose of identifying opportunities to maximise the value of Norasa for the Company’s shareholders. As part of the strategic review, Bacchus Capital will undertake a detailed evaluation of the Norasa project within the context of the wider market and regional opportunities.
GREEN 14 PLC
COP26: Pioneering carbon credit initiative announced to restore and protect African ecosystems
Published in The Independent
Nov. 5, 2021
The Green 14 project is a joint venture of investment banking group Bacchus Capital and conservation organisation Space for Giants.
A major new initiative to fund nature preservation in Africa led by a leading natural resources sector investment banker and the international conservation organisation Space for Giants has been launched at COP26, during an event hosted by Kenya’s President Kenyatta.
The Green 14 initiative - named after the carbon family group on the Periodic Table - will coordinate a major conservation initiative across Africa to underwrite the restoration and protection of key heritage landscapes to the highest environmental standards, by creating high integrity carbon credits.
Launched by Bacchus Capital and Space for Giants, it will bring together high quality global capital providers with leading conservation expertise to support visionary African governments as they put in place the policies and frameworks to benefit fully from the developing market in carbon credits.
Experts suggest that the voluntary market in carbon offsets might be on track for a 1,000 percent rise in less than a decade. Carbon offsets, or carbon credits, are bought by companies, organisations, individuals, or even countries to balance the greenhouse gases they emit. They are a key mechanism used to achieve carbon neutrality, as part of global efforts to decarbonise economies.
YELLOW CAKE PLC
Results of Placing
Yellow Cake plc ("Yellow Cake" or the "Company")
Results of Placing
Yellow Cake plc (AIM: YCA), founded and established by Bacchus Capital to be a specialist company operating in the uranium sector with a view to holding physical uranium for the long-term, is pleased to announce that 30,000,000 new Ordinary Shares (the "Placing Shares") have been placed with existing and new institutional investors at a price of £3.64 per share (the "Placing Price") via an accelerated bookbuild (the "Placing").
The Fundraise was conducted utilising the Company's existing share authorities.
The Placing comprises 30,000,000 new Ordinary Shares, which will raise gross proceeds of approximately £109 million (approximately US$150 million). The Placing Shares being issued represents approximately 19.5% of the existing issued ordinary share capital (excluding treasury shares) of the Company prior to the Placing.
YELLOW CAKE PLC
Proposed Purchase of Uranium and Placing of New Ordinary Shares
Yellow Cake plc (AIM: YCA) ("Yellow Cake" or the "Company"), founded and established by Bacchus Capital to be a specialist company operating in the uranium sector with a view to holding physical uranium for the long-term, today announces its intention to conduct a non-pre-emptive placing of new ordinary shares in the Company ("Ordinary Shares") to raise gross proceeds of approximately US$150 million (equivalent to £109 million) at the Placing Price (as defined below) (the "Placing").
Highlights of the Placing
Intention to conduct a non-pre-emptive placing to raise gross proceeds of approximately US$150 million (equivalent to £109 million)
The Company intends to use the proceeds of the Placing to fund purchases of physical uranium ("U3O8") of approximately 3 million lb of U3O8 expected to comprise:
Approximately 1 million lb of U3O8 from JSC National Atomic Company Kazatomprom ("Kazatomprom"), at a price of US$47.58/lb, representing the average of the weekly UxC and TradeTech spot prices as reported on 25 October 2021 and 22 October 2021 respectively with delivery of all of the U3O8 purchased from Kazatomprom to take place by June 2022. This purchase will be above and beyond the Company's 2021 option under its agreement with Kazatomprom (the "Framework Agreement"), which has already been fully exercised earlier this year;
Approximately 2 million lb of U3O8 from Curzon Uranium Limited ("Curzon"), who has committed to providing the Company with up to 2 million lb of U3O8, if the Company elects on or prior to 1 November 2021, at a price of US$46.32 /lb (being the Tradetech weekly price as at 22 October 2021 less a discount of 3%). Curzon is sourcing the U3O8 from CGN Global Uranium Limited ("CGN"), who has agreed to deliver the U3O8 directly to the Company's account at Cameco's Port Hope / Blind River facility, with delivery of all the U3O8 purchased from Curzon to take place before the end of November 2021
MRC TO FORM A EUROPEAN SUSTAINABLE GRAPHITE BUSINESS – “ASCENT GRAPHITE”
Strategic review process completed targeting the funding and development of anode production from a dedicated Active Anode Materials Plant in Norway.
The review process concluded that creating a pure-play, integrated, battery anode material company concentrated on European "Sustainable Anode" development made strategic, value accretive, operational sense.
The Company plans to demerge its Norwegian Graphite Assets into a separate entity to be newly incorporated in Norway, branded as Ascent Graphite.
The recent results from the purification program with CSIRO provides a strong foundation to advance and de-risk the development of the AAMP in Norway, supporting the key findings from the Review.
The Board of Mineral Commodities Ltd ("MRC" or "the Company") has completed a strategic review process ("Review") to optimise the Company's corporate and capital structure to fund future growth and accelerate shareholder value, targeting the development of anode production from a dedicated Active Anode Materials Plant ("AAMP") in Norway.
Mkango to Acquire 100% of Songwe and Maginito
London / Vancouver
MKANGO TO ACQUIRE 100% OF BOTH THE SONGWE HILL RARE EARTHS PROJECT AND MAGINITO, AND RAISES £5.52M TO ACCELERATE ITS INTEGRATED MINE, REFINE, RECYCLE STRATEGY
Restructuring of Mkango and Talaxis' interests in both the Songwe Hill Rare Earths Project and Maginito simplifies and optimises the Company's ownership structure prior to delivery of the Songwe Hill Feasibility Study, and significantly enhances its growth potential:
Mkango to increase ownership of the Songwe Hill Rare Earths Project and of Maginito to 100% in a £13m share transaction with Talaxis
Mkango retains all offtake rights relating to Songwe Hill, Maginito and the 100% owned Pulawy Separation Plant project in Poland
Complementary £5.52m fundraising at a 2.9% premium to its five-day VWAP, including a £700,000 investment by Non-Executive Chairman Derek Linfield
Mkango is fully funded to complete the Feasibility Study for the Songwe Hill Rare Earths Project, targeted for completion in Q1 2022
Mkango now positioned to accelerate its integrated Mine, Refine, Recycle strategy with a simplified and vertically aligned ownership structure and enhanced financial flexibility
Strong market backdrop with accelerating demand for rare earths permanent magnets and increased focus on security of supply and recycling of rare earths
Boutique Bacchus Capital Launches Technology Unit With van Wyk Hire
A boutique advisor set up by the former head of European investment banking at Jefferies is launching a new technology unit in London.
Bacchus Capital, which is led by Peter Bacchus — a former senior dealmaker at Jefferies, who was also global head of metals and mining investment banking at Morgan Stanley — has hired Chris van Wyk as its new head of technology banking advisory, it said in a statement.
Van Wyk has spent much of his career in technology firms, with previous roles including chief executive of Luxembourg-based clean technology firm, Weteq. He has also held senior positions in venture capital firms set up by Mitsubishi Corporation. His focus is likely to be on technology that dovetails with the natural resources sector, and will be based in London.
Bacchus Capital’s Uranium Venture, Yellow Cake plc, Reaches Significant Milestone as Market Capitalisation Exceeds US$500 million
Successful US$86 million capital raise for further uranium purchases, and in excess of US$225 million equity raised in 2021
Yellow Cake plc’s (the “Company” or “Yellow Cake”) market capitalisation exceeds US$500 million
Second successful capital raise in 2021 advised by Bacchus Capital
Total capital raised in 2021 now exceeds US$225 million, and following the already agreed or planned purchases of uranium, Yellow Cake will hold over 15 mmlbs of U3O8
LONDON, 30 June, 2021 /PRNewswire/ -- Bacchus Capital, the independent London-based investment and merchant bank specialising in cross border public market M&A and natural resource and technology sector ventures, is pleased to advise that Yellow Cake Plc, a company founded and listed by Bacchus Capital, has achieved and exceeded the milestone market capitalisation of US$500 million. Yellow Cake was listed by Bacchus Capital on the London Stock Exchange in July 2018 with an associated capital raising of US$200 million.
Bacchus Capital Backed Yellow Cake In Highly Successful US$88.1M Raising
Yellow Cake plc (AIM: YCA) has raised approximately £62.5 million (approx. US$88.1 million) through a successful share placement and retail offer.
The placement of 23,947,009 new Ordinary Shares was taken up by existing and new institutional investors at a price of £2.50 per share via an accelerated bookbuild.
Concurrently with the Placing, the Company made an offer via the PrimaryBid platform of 1,052,991 new ordinary shares in the company (at the Placing Price to provide certain retail investors with an opportunity to participate in the Placing.
Yellow Cake was founded and established by Bacchus Capital to be a specialist company operating in the uranium sector with a view to holding physical uranium for the long-term.
The Placing Shares and the Retail Shares being issued together represent approximately 19.4% of the existing issued ordinary share capital (excluding treasury shares) of the company prior to the Placing and the Retail Offer.
YELLOW CAKE PLC
Results of Placing and Retail Offer
Yellow Cake plc (AIM: YCA), founded and established by Bacchus Capital to be a specialist company operating in the uranium sector with a view to holding physical uranium for the long-term, is pleased to announce that 23,947,009 new Ordinary Shares (the “Placing Shares”) have been placed with existing and new institutional investors at a price of £2.50 per share (the “Placing Price”) via an accelerated bookbuild (the “Placing”). Concurrently with the Placing, the Company made an offer via the PrimaryBid platform of 1,052,991 new ordinary shares in the Company (the “Retail Shares”) at the Placing Price (the “Retail Offer”), to provide certain retail investors with an opportunity to participate in the Placing (the Placing and Retail Offer together the “Fundraise”).
Cantor Fitzgerald Canada Corporation (“Cantor”), Canaccord Genuity Limited (“Canaccord”) and Joh. Berenberg, Gossler & Co. KG, London Branch (“Berenberg”), acted as Joint Bookrunners (Cantor, Canaccord and Berenberg, together being the “Joint Bookrunners”). Bacchus Capital Advisers acted as Financial Adviser.
Nord Gold plc
Confirmation of Intention to Float on the London Stock Exchange
London, 10th June 2021: Following the announcement by Nord Gold plc (“Nordgold” or “the Group”), the internationally diversified pure-play gold producer, on 3 June 2021 of its expected intention to float, the Group today confirms its intention to undertake an initial public offering (the "IPO" or the "Offer") and certain details of the Offer. Nordgold intends to apply for admission of its Shares to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities (together, "Admission"). The Shares have been admitted to trading on the Moscow Exchange and trading is expected to commence on or shortly after Admission. The final offer price in respect of the Offer (the "Offer Price") will be determined following a book-building process, with Admission currently expected to occur in late June/early July.
Russia’s Nordgold prepares for London IPO
Latest gold miner to choose UK capital for listing as metal’s price rallies
By: Henry Sanderson
Russian gold miner Nordgold plans to list in London as it looks to take advantage of a rebound in the gold price.
The company intends to sell a 25 per cent stake to investors, including via a secondary listing in Moscow, said people familiar with the company. It is set to file a registration document this week. The miner is the latest to come to the UK capital to capitalise on interest in gold, after prices surged last year following the onset of the pandemic. Canada’s Yamana Gold listed in London last year, while Endeavour Mining is set to join the market this month.
Bacchus Capital Advisers are financial advisers to Nordgold while Citi, JPMorgan and VTB are global coordinators for the offering.
Boutique Bacchus Capital expands into North America with veteran dealmaker hire
By Paul Clarke
Monday May 10, 2021 12:01 am
A boutique advisor set up by the former head of European investment banking at Jefferies four years ago, is opening its first office outside of the UK by launching in North America.
Bacchus Capital, headed by Peter Bacchus — a former senior dealmaker at Jefferies, who was also global head of metals and mining investment banking at Morgan Stanley — has hired veteran investment banker Steven Latimer to kick-start its new North America unit.
Titan Minerals Signs Term Sheet for the Sale of Zaruma Mine & Portovelo Process Plant for US$15.0 million
Titan Minerals has entered into a term sheet with Pelorus Minerals for the sale of its non-core Zaruma Mine and Portovelo Process Plant assets
Consideration is US$15 million in staged cash payments plus a 2% net smelter return royalty on future copper production from the Zaruma Mine concessions
The sale of the Zaruma Mine and Portovelo Process Plant will strengthen the Company’s cash position and balance sheet
Euro Manganese Announces Private Placement to Accelerate High-purity Manganese Development
London / Vancouver
AUD$30.0 million (CAD$29.0 Million) private placement oversubscribed, with strong institutional participation
Proceeds of the Offering will be used to further advance Chvaletice Manganese Project, allowing completion of all site and technical work required for a final investment decision expected in 2022
Offering was anchored by a strategic investor and an ESG-focused fund, with strong support from several existing institutional shareholders
Demand for high-purity manganese products continues to grow rapidly, bolstered by recent market developments
Proposed Purchase of Uranium, Placing of New Ordinary Shares and Retail Offer
Yellow Cake plc (AIM: YCA) ("Yellow Cake" or the "Company"), founded and established by Bacchus Capital to be a specialist company operating in the uranium sector with a view to holding physical uranium for the long-term, today announces its intention to conduct a non-pre-emptive placing of new ordinary shares in the Company (the "Placing Shares") at the Placing Price (as defined below) to raise a minimum amount of approximately US$110 million (the "Placing").
Highlights of the Placing
Intention to raise minimum gross proceeds of approximately US$110 million through the Placing
The proceeds of the Placing will be used:
to fund the purchase of at least 3.5 mmlb of physical uranium ("U3O8") under the Company's agreement with JSC National Atomic Company Kazatomprom ("Kazatomprom") (the "Kazatomprom Framework Agreement") at a price of US$28.95 /lb
Russian Miner’s IPO Could Fill In London’s Gold Hole
Nordgold might meet investor appetite for a new buccaneer. It helps that bullion is still shining.
Clara Ferreira Marques27 January 2021, 22:30 GMT
Over two decades, Africa-focused Randgold Resources Ltd. earned a reputation for running efficient operations in tough places, with lustrous shareholder returns and a premium valuation to match. Since Mark Bristow's outfit agreed to merge into Barrick Gold Corp. in late 2018 to create a bullion mining giant traded in North America, there's been a space open on the other side of the pond for a midsize swashbuckler.
Nord Gold, owned by the family of Russian oligarch Alexey Mordashov, wants to fill that gap.
Russian Gold Miner Nordgold Aims to List in $5 Billion London IPO
Published in the Wall Street Journal
By Alistair MacDonald and Ben Dummett
Updated Jan. 20, 2021 11:04 am ET
Russian gold miner Nord Gold UK Societas, or Nordgold, is looking to list in London as early as this summer, capitalizing on the precious metal’s long price run to become the largest mining company to float globally in at least five years, according to people familiar with the matter.
Nordgold’s initial public offering could value it at more than $5 billion and would float over 25% of the company, some of these people say. With two Canadian gold miners moving their listing to the U.K., Nordgold’s IPO is a boost for London’s financial district amid concerns that Brexit makes it less attractive.
The company has already hired banks to lead the IPO, according to a person familiar with the matter. Bacchus Capital is Nordgold’s financial adviser for the possible offering.
Paul Cahill Transitioning to BCA Advisory Board
Following the successful establishment of Bacchus Capital Advisers Limited (“BCA” or “the Company”) as an independent investment and merchant banking platform four years ago by Peter Bacchus, Paul Cahill, Richard Allan and Chris Johannsen, and as anticipated at the outset, Paul Cahill has decided to transition onto the BCA Advisory Board and agreed to act as Chairman of that Board. He will continue as a Director of BCA and will remain closely involved in BCA’s business on behalf of key clients and in supporting new strategic initiatives for BCA. He remains a significant shareholder in the Company.
Peter Bacchus, Chairman and CEO of BCA, said: “We are delighted that Paul will remain closely involved with us and committed to supporting the continuing success of Bacchus Capital. His significant experience, knowledge and networks in the metals and mining sector, resulting from his roles as an investment banker and as a senior executive in the Anglo American Group, will be very valuable to us as we continue to grow the business.”