Sandfire Resources America Inc. announces that Mr. Matthew Fitzgerald will be stepping down as Chair of the Board of Directors effective September 30, 2023. This is in conjunction with him stepping down from his role as CFO of Sandfire Resources Limited , the 86.89% controlling shareholder of the Company. Mr. Fitzgerald has been Chair of the Board since September 2016. The Company would like to thank Mr. Fitzgerald for [...]
Sandfire Resources America Inc. is pleased to announce that highly experienced mining executive, Mr. Lincoln Greenidge, has been appointed as the new Chief Executive Officer of the Company. Mr. Greenidge, who joined the Company in January of 2022 and has served as the Company's CFO for the last year shared, "Thank you to the Board for the opportunity to lead this amazing team, as we continue to focus on the key priorities [...]
Sandfire Resources America Inc. announces that is has changed its auditor from Ernst & Young LLP, Chartered Professional Accountants to McGovern Hurley LLP, Chartered Professional Accountants effective as of January 23, 2023. There have been no modified opinions expressed in the Former Auditor's auditor reports on any of the Company's financial statements relating to the "relevant period" of National Instrument 51-102 [...]
Sandfire Resources America Inc. announces that at its Annual General Meeting of Shareholders held on December 13, 2022, Sandfire America's shareholders approved the adoption of its proposed 2.5% long-term incentive plan . The Plan is fully described in the Company's management information circular dated November 3, 2022 . The full text of the Plan is also appended to the Information Circular as Schedule "A", a copy of [...]
Sandfire Resources America Inc. is proud to announce the necessary permits to appropriate water for the Black Butte Copper Project have been issued by the State of Montana Department of Natural Resources and Conservation . The permits issued by the DNRC authorize the Company to divert groundwater for use in the mining of the Johnny Lee copper deposit and to store high-water flows for stream flow maintenance. The DNRC also [...]
Sandfire Resources America Inc. is pleased to report diamond drill results of the successful 2021-2022 Lowry Resource Definition core drilling program on its Black Butte Copper Project. Between September 2021 and March 2022, the company completed sixteen new core holes for 8,936 meters of core. Drilling Highlights Highlights of the Lowry Zone Resource Definition program include the following drill intersections: SC21-268 [...]
Sandfire Resources America announces that the District Court has issued an order on remedies that will allow Phase I Construction of the Black Butte Copper Project to be completed under the existing permit. Jerry Zieg, Senior Vice President, stated, “Although we continue to strongly disagree with the Court’s initial April 8th Order, we are pleased with Judge Bidegaray’s decision today to allow us to continue with its [...]
Sandfire Resources America Inc. announces that it has entered into a variation agreement to its bridge loan agreement with Sandfire BC Holdings, the Company's largest shareholder, and Tintina Montana, a wholly-owned subsidiary of the Company. Pursuant to the Variation, the amount available to be borrowed under the Bridge Loan will be increased from an aggregate of up to US$12.0 million to an aggregate of up to US$22.0 [...]
Sandfire Resources America Inc. announces results of the state District Court Legal Challenge related to its Mine Operating Permit. On July 16, 2021, District Court Judge Bidegaray heard oral arguments for summary judgment from plaintiffs and defendants regarding a legal complaint filed on June 4, 2020 by the plaintiffs claiming to represent the environmental community. The suit was filed jointly against the Montana [...]
Sandfire Resources America Inc. announces that Mr. Lincoln Greenidge has been appointed as the new Chief Financial Officer of the Company. Over the past three decades Mr. Greenidge has worked for such companies as Coopers & Lybrand, Nortel Networks, MDS, Associated Brands, IAMGOLD, HudBay Minerals, Enirgi Group, LeadFX, LSC Lithium, and Pasofino Gold. In 2021, Mr. Greenidge was selected as the Top Chief Financial Officer [...]
Sandfire Resources America Inc. announces that at its Annual General Meeting of Shareholders held on December 9, 2021, Sandfire America's disinterested common shareholders approved the adoption of its proposed Omnibus Share Incentive Plan . The Plan is fully described in the Company's management information circular dated November 1, 2021 . The full text of the Plan is also appended to the Information Circular as Schedule [...]
Sandfire Resources America Inc. announces that it has entered into a bridge loan agreement with Sandfire BC Holdings Pty Ltd. , the Company's largest shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company . Pursuant to the Agreement, among other things, Sandfire BC will lend an aggregate of up to US$12.0 million to Tintina Montana through one or more advances. The Loan shall bear interest at the [...]
