Latest news with #DaveDicaire
India.com
27-05-2025
- Business
- India.com
This country has hit a massive Jackpot, discovers biggest Copper, Gold, Silver deposit in 30 Years, not US, Russia, China, India, Pakistan, Australia, name is…
Gold deposits- Representative image Argentina hits JACKPOT: In a significant discovery amid the global rise in the prices of copper, gold and silver, massive deposits of the critical miners have been found in Argentina's San Juan province, near the Chilean border of South America. Hailed as the largest such discovery of copper, gold and silver on a global level in the last 30 years, the discovery is expected to change the future of South America. Here are all the details you need you need to know about the recent discovery. Argentina discovers 80 million ounces of gold and silver worth The recent discovery has been made by a joint venture between Lundin Mining and BHP on a site believed to have over over 12 million tonnes of copper and nearly 80 million ounces of gold and silver worth billions. 'The initial Mineral Resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally. This may affect the future of South America's mining sector,' said Jack Lundin, CEO of Lundin Mining, in a quote carried by Indian Defence Review. 'We are in an excellent position to continue advancing the development of a mining district with great potential,' Dave Dicaire, the general manager of the Vicuña project was quoted by media reports. Will the discovery of crucial metals change Argentina forever? The discovery of the crucial metals is expected to help the economy of Argentina in a significant manner. While copper can be used in wiring, electronics, machinery, and clean energy technologies, Gold and silver find their values in jewelry, medical devices, and chip manufacturing. The discovery is expected to help the economy of Argentina by leaps and bounds as it will help Argentina position itself as the vital agent of global supply chains for sustainable technologies.
Cision Canada
14-05-2025
- Business
- Cision Canada
LUCARA ANNOUNCES VOTING RESULTS FROM ANNUAL MEETING
VANCOUVER, BC, May 14, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version Lucara Diamond Corp. ("Lucara" or the "Company") held its Annual General and Special Meeting of shareholders in Vancouver, British Columbia today. Shareholders voted as follows on the matters before the meeting: View PDF Shareholders elected the following 7 board members with shareholders represented at the meeting voting in favour of individual directors as follows: The Company would like to acknowledge the contributions of Dave Dicaire, who did not stand for re-election as a Director of the Company, having taken up a full-time executive management position on a major international mining project. Paul Conibear, Chair of the Board, said, "Dave has been an invaluable member of the Board for many years, and on behalf of the Company, shareholders and my fellow Board members, we would like to express our sincere gratitude to Dave for his guidance and contribution to the Company and its Underground Project, critical to the Company's future". Appointment of Auditors Shareholders re-appointed PricewaterhouseCoopers LLP as Lucara's auditors with 98.22% of votes cast in favour and 1.78% of votes were withheld on such re-appointment. Ordinary Resolutions to approve certain amendments to the Company's share unit plan Shareholders passed an ordinary resolution to approve certain amendments to the Company's share unit plan (the "Share Unit Plan"), including an increase of the maximum number of common shares in the capital of the Company (the "Common Shares") reserved for issuance under the Share Unit Plan to a fixed maximum aggregate of 22,000,000. This resolution passed with 96.00% of votes cast in favour and 4% of votes against such resolution. Ordinary Resolutions to approve certain amendments to the Company's deferred share unit plan Shareholders passed an ordinary resolution to approve certain amendments to the Company's deferred share unit plan (the "DSU Plan"), including an increase of the maximum number of Common Shares reserved for issuance under the DSU Plan to a fixed maximum aggregate of 8,000,000. This resolution passed with 99.60% of votes cast in favour and 0.40% of votes against such resolution. Ordinary Resolutions to approve certain amendments to the Company's stock option plan Shareholders passed an ordinary resolution to approve certain amendments to the Company's stock option plan (the "Option Plan"), including, among other things, an increase of the maximum number of Common Shares reserved for issuance under the Option Plan to a fixed maximum aggregate of 15,000,000. This resolution passed with 94.70% of votes cast in favour and 5.30% of votes against such resolution. Advisory Resolution on Executive Compensation Management's approach to executive compensation, also disclosed in Lucara's management proxy circular dated April 8, 2025, was approved with 81.89% of votes cast in favour and 18.11% of votes against such advisory resolution. Following the meeting, Paul Conibear will continue to serve as Chairman of the Board. On behalf of the Board, William Lamb President and Chief Executive Officer Follow Lucara Diamond on Facebook, Instagram and LinkedIn ABOUT LUCARA Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company's operations and development activities. Lucara has an experienced board and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations. Lucara is certified by the Responsible Jewellery Council, complies with the Kimberley Process, and has adopted the IFC Performance Standards and the World Bank Group's Environmental, Health and Safety Guidelines for Mining (2007). The development of the UGP adheres to the Equator Principles. Lucara is committed to upholding high standards while striving to deliver long-term economic benefits to Botswana and the communities in which the Company operates. The information in this release is subject to the disclosure requirements of Lucara pursuant to the EU Market Abuse Regulation. The Company's certified adviser on the Nasdaq First North Growth Market is Bergs Securities AB, [email protected], +46 739 49 62 50. This information was submitted for publication, through the agency of the contact person set out above, on May 14, 2025, at 2:00 p.m. Pacific Time. SOURCE Lucara Diamond Corp.
