Monday, 9 December, 2013 - 11:01
Cassini to enter West Arunta project
Cassini Resources has resolved a share sale agreement to acquire 75 per cent of Crossbow Resources, the 100 per cent owner of the West Arunta X17 project in the Gibson Desert.
Michael Young is the managing director and chief executive of uranium developer Vimy Resources (formerly Energy and Minerals Australia). He was the managing director of BC Iron which he took from first drill-hole to first iron ore shipment in under four years.
Mr Young was a non-executive chair of Cycliq Group which designs and manufactures high definition camera/light combination accessories for cyclists. He is a keen cyclist, and has taken part in the Ride for Youth bicycle challenge in Western Australia since 2014, which raises funds for Youth Focus for the prevention of suicide and self-harm.
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NEW ROLE: Managing Director, Chief Executive, Frontier Energy | 30 Nov 2021 |
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REMUNERATION UPDATE: Managing Director, Chief Executive, Vimy Resources | 30 Jun 2020 |
Cassini Resources has resolved a share sale agreement to acquire 75 per cent of Crossbow Resources, the 100 per cent owner of the West Arunta X17 project in the Gibson Desert.
Mike Young will take an executive role at Energy and Minerals Australia as a condition of a deal to secure more debt funding for the uranium explorer.
Mike Young has been confirmed as the new chief executive of Energy and Minerals Australia as a condition of a deal to secure more debt funding for the uranium explorer.
Energy and Minerals Australia has appointed former state government minister Cheryl Edwardes as chairman, replacing Mike Young who has taken a new role as managing director.
Rather than a disaster, Troy Buswell’s political exit ought to be an opportunity.
BHP Billiton’s divestment of its West Musgrave nickel project to Cassini Resources has had a dramatic and valuable impact on the junior miner's share price.
Cassini Resources has raised $10 million via a share placement with the proceeds earmarked for exploration activities its recently acquired West Musgrave nickel project.
Energy and Minerals Australia has extended its trade suspension period to almost a month after signalling it has been unable to complete a proposed capital raising.
Andrew Forrest has emerged as a surprise backer of Energy and Minerals Australia, taking a major stake in the Perth-based uranium explorer through a much-needed $12 million investment. EMA has also struck a debt-for-equity swap with its noteholders.
FEATURE: Mining sector players are creating innovative solutions – particularly in the iron ore, uranium, and base metals areas, and the graduate labour market – to deal with the changing economic environment.
Amid the gloom, WA has some positive resources stories to tell,with uranium developers buoyed by improving news, investment certainty guaranteed around royalties rates - for now - and nickel reappearing as a sturdy performer.
Uranium miner Vimy Resources has received a $30 million financing package from a mining-focused private equity fund, to advance ongoing development of its flagship Mulga Rock project near Kalgoorlie.
New resources opportunities will emerge in WA as older projects start to wind down production, or are closed.
Vimy Resources has appointed GR Engineering Services as study manager for a definitive feasibility study on its Mulga Rock uranium project near Kalgoorlie.
Gold’s rising stocks and role in the post-boom recovery will make this year’s Diggers & Dealers the most promising for many years.
A new uranium mine in the eastern Goldfields region has been recommended for approval, with a number of strict conditions imposed by the Environmental Protection Authority.
Resource Capital Funds is set to emerge with a near 30 per cent stake in Vimy Resources when the uranium company completes a $22 million capital boost to fund ongoing work at its Mulga Rock project in the eastern Goldfields.
SPECIAL REPORT: Gold Road Resources could be the next gold junior to make it into the mid tier after its recent moves on the Gruyere project.
Business News sat down to lunch at Julio’s with the CEO of local uranium developer Vimy Resources.
Leederville-based bicycle accessories maker Cycliq has recruited Vimy Resources boss Mike Young onto its board as a non-executive director.
Mike Young has been appointed non-executive director of Cycliq Group.
Local business chiefs are positive about the state’s economy in the year ahead, according to the recent Business News CEO Survey.
Uranium explorer Vimy Resources has released a positive definitive feasibility study for its Mulga Rock project, located east of Kalgoorlie, but the report is based on the assumption of a near tripling in the current uranium spot price by 2021.
West Perth-based Vimy Resources has acquired a uranium project in the Northern Territory from Canadian miner Cameco for $6.5 million.
New Century Resources has raised $40 million to complete the restart of its zinc mine in Queensland, while Vimy Resources and Geopacific Resources have tapped investors for $6 million and $10 million respectively.
Few projects are more meaningful for WA’s economic direction than the Greenbushes lithium mine expansion and the new lithium refinery in Kwinana.
Uranium explorer Vimy Resources has announced a major restructuring, including the resignation of three directors, further cost-cutting and a focus on its base metals project.
This week's board moves wrap includes Chris Evans, James Brown, Bradley Boyle, Neil Hackett, Peter Spitalny, Mike Young, Tomer Segev, Eran Gilboa, Justin Walawski, Wen Qian, Jason Livingstone, Robert Klug, Paul Kitto, Paul Burton and Mark Strizek.
West Perth-based Vimy Resources has announced commitments to raise $3.9 million through a share placement and up to $3 million through a share purchase plan to fund the development of its uranium projects in Western Australia and the Northern Territory.
Piedmont Lithium has launched a $29 million capital raising to advance its namesake project in the US, while Arafura Resources and Vimy Resources are raising funds to develop rare earth and uranium projects in Western Australia and the Northern Territory.
Vimy Resources has become the fourth Perth-based uranium company to undertake a major capital raising this year.
Our board moves wrap includes Craig McGown, Tim Kennedy, Mike Young, and Steven Michael.
Vimy Resources has taken a step towards starting early works at Mulga Rock in a bid to achieve substantial commencement of the project before an approval expires in weeks.
From struggling junior explorers to booming miners, Tony Kiernan has a breadth of experience few company directors can match.
Shareholders may look to seek clarity on the future of uranium hopeful Vimy Resources, with its Mulga Rock project against the clock, a strategic review underway and no permanent CEO at its helm.
Former WA attorney general Cheryl Edwardes has become the latest board member set to leave uranium aspirant Vimy Resources, announcing her resignation ahead of the company’s closed-door AGM today.
Former Vimy Resources boss Mike Young has been appointed to lead Superior Lake Resources through the ASX-listed company’s planned clean energy transition.
Our board moves wrap includes David Prentice, David Wheeler, Dudley Kingsnorth, Brian Talbot, Andrew Radonjic, Chris Mitchell, and Mike Young.
Superior Lake Resources will undergo a name change amid plans to develop a large-scale solar energy project in WA’s South West.
Our board moves wrap includes James Moses, Brett Smith, Mark Elliott, Paul Boyatzis, Mike Young, Grant Davey, Paul Kopejtka, James Sullivan, Michael Fischer, David McEntaggart, Jonathan Lea, Annie Guo, and Michael Higginson.
Position | Company | Year | Company's current rank | WA staff |
---|---|---|---|---|
Non-Executive Director
|
Position | Company | Year | Company's current rank |
---|---|---|---|
Managing Director, Chief Executive
|
2021 - 2022 | ||
Managing Director, Chief Executive
|
2014 - 2021 | ||
Non-Executive Chairman
|
2011 - 2020 | ||
Non-Executive Director
|
2017 - 2019 | 116 | |
Non-Executive Director
|
2006 - 2014 | 442 | |
Co-Patron, St Bartholomew's House Foundation
|
- 2014 | 31 | |
Non-Executive Director
|
2011 - 2012 | ||
Non-Executive Director
|
2005 - 2006 | 440 | |
Principal Geologist
|
2000 - 2003 | ||
Senior Project Geologist
|
1991 - 1994 |
Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
---|---|---|---|---|---|---|
2022-07-22 | Other | 1,538,461 | $0.00 | Other | ||
2022-07-22 | Other | 1,538,461 | $0.00 | Other | ||
2022-02-24 | Bought | 1,538,461 | $0.13 | $200,000 | Other | |
2022-02-24 | Bought | 4,999,999 | $0.05 | $253,276 | Other | |
2021-07-23 | Issued | 187,073 | $0.11 | $20,578 | Other |
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
Vimy Resources | Rio Tinto | Asset acquisition | $2.00m | >> | |
Resource Capital Funds | Vimy Resources | Debt conversion | $10.00m | >> | |
Resource Capital Funds | Vimy Resources | Funding | $10.00m | >> | |
BCI Minerals | Fortescue | Asset acquisition | $190.00m | >> | |
Regent Pacific Group | BCI Minerals | Acquisition | $345.00m | >> |