Welcome to our dedicated page for Rugby Resources news (Ticker: RBMNF), a resource for investors and traders seeking the latest updates and insights on Rugby Resources stock.
Rugby Resources Ltd (RBMNF) is a mineral exploration leader focused on discovering world-class gold, silver, and base metal deposits. This news hub provides investors and industry observers with timely updates on corporate developments, exploration progress, and strategic initiatives across the company's global portfolio.
Access official press releases and curated analysis covering key operational milestones including drilling results, project acquisitions, environmental approvals, and management updates. Our aggregation ensures you stay informed about Rugby's exploration methodologies, partnership announcements, and progress in stable mining jurisdictions.
The resource features updates on technical aspects of mineral discovery, from geophysical surveys to advanced exploration technologies. Track developments in Rugby's IOCG projects, regional expansions, and expert team achievements. Bookmark this page for streamlined access to critical information supporting informed analysis of the company's trajectory.
Pampa Metals (CSE:PM) has completed the acquisition of Rugby Resources (TSXV:RUG) through a court-approved arrangement. Under the deal, Pampa Metals issued 65,165,185 common shares to Rugby shareholders at a ratio of 1 Pampa share for every 6.4 Rugby shares. Former Rugby shareholders now hold approximately 30.86% of Pampa Metals.
The merger creates a leading South American copper explorer with multiple significant projects: the Piuquenes copper-gold porphyry project in Argentina, the Cobrasco copper-moly discovery in Colombia, and the Mantau copper-gold prospect in Chile. Rugby's outgoing President and CEO, Bryce Roxburgh, joins Pampa Metals' board of directors.
As part of the arrangement, Rugby shareholders received one share in a new company, Aegis Resources, for every ten Rugby shares held. Aegis receives various assets including a 20% carried interest in Cobrasco and several exploration projects.
Rugby Resources (TSXV:RUG) and Pampa Metals (CSE:PM) announced that Rugby shareholders have overwhelmingly approved the previously announced statutory plan of arrangement. At the Special Meeting, 99.97% of votes cast were in favor of both the Arrangement Resolution and the SpinCo Option Plan Resolution, with 55.39% of eligible shares represented.
The arrangement involves Rugby, Pampa Metals, and Aegis Resources (SpinCo). The completion remains subject to court approval from the Supreme Court of British Columbia, scheduled for July 22, 2025. The transaction is expected to close around July 24, 2025, pending all customary closing conditions.
Pampa Metals (CSE:PM) has executed a binding agreement to acquire 100% of Rugby Resources (TSXV:RUG) through an all-share transaction. The deal aims to create a leading South American copper explorer with two significant discoveries: the Piuquenes copper-gold project in Argentina and the Cobrasco copper-moly project in Colombia.
Under the agreement terms, Pampa will issue 1 share for every 6.4 Rugby shares, with Rugby shareholders holding approximately 38% of the combined entity. The transaction values Pampa shares at $0.16 each. Rugby's assets will be partially spun out into a new company (Rugby Spinco) prior to closing.
Recent drilling at Piuquenes has yielded significant results, including intercepts of up to 801m @ 0.40% Cu and 0.51 g/t Au. At Cobrasco, previous drilling showed promising results with intercepts including 808m @ 0.42% Cu and 79 ppm Mo. The company plans to pursue dual listing on the ASX and TSXV post-transaction.
Rugby Resources announces the receipt of environmental approval for drilling on the El Zanjon Project in Argentina, south of the Cerro Vanguardia gold-silver mine. The project shows great potential for discovering a large vein field with significant gold-silver targets. A 4,750m drilling program will focus on 15 targets, with a focus on areas AOI2 and AOI3. The Venidero Gold-Silver Project also presents promising opportunities in Argentina.
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