American Pacific Mining Corp. has entered into a definitive agreement, pursuant to which the company will acquire all of the issued and outstanding common shares of Clearview Gold Inc., a private exploration company that is part of the NewQuest Capital company.
In bringing together the BHP and OZ Minerals businesses, BHP will focus on progressing sustainable growth options to establish a copper province in South Australia.
The project's goal is to increase the recovery of copper and gold from the ore through a more efficient and sustainable extraction process.
The mine may be US’s largest unconventional deposit of REEs, which are considered vital to nation’s strategic defence and energy transition.