FinTechFunding

Ardea Resources: Signs farm-in deal with Red 5

  • Ardea Resources (ARL) has entered a farm-in joint venture agreement with ASX-listed gold producer, Red 5 (RED)
  • Under the deal, Red 5 can earn up to an 80 percent interest in Ardea’s Mt Zephyr and Darlot East gold projects in WA
  • Both of these projects are located near Red’s Darlot Gold Mine
  • To earn the 80 percent interest, Red 5’s subsidiary, Darlot Mining Company, will need to spend $2.3 million over three years
  • Ardea shares closed down 2.04 percent, trading for 4.8 cents
  • Meanwhile, Red 5 shares are up 1.92, worth 26.5 cents per share at market close
Previous article
Simble Solutions: Launches upgraded SimbleHome App
Next article
Aquis Technologies: Works with SGX and AWS
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

New York Suits Coinbase and Gemini Over Prediction Markets

The state targets two major crypto exchanges regarding regulatory compliance.Highlights: New York has filed lawsuits against Coinbase and...
FinTech

Cash App Strengthens Parental Control with Managed Accounts for Kids

New feature allows parents to set up and oversee accounts for their children.Highlights: Cash App introduces parent-managed accounts...
FinTech

Visa and TikTok Launch Creator Card, Enhancing Monetization for Influencers

New financial tool aims to streamline earnings for content creators.Highlights: Visa and TikTok have launched the new Creator...
FinTech

Nium and Coinbase Strengthen Global Stablecoin Settlement Partnership

The collaboration aims to enhance cross-border payments using stablecoins.Highlights: Nium partners with Coinbase to optimize stablecoin settlements.The collaboration...