Market Alert: Trump Revives Trade War Playbook with Tariff Threats
BPM Minerals Ltd (ASX: BPM) has entered a binding agreement to sell its Claw Gold Project to Capricorn Metals Ltd (ASX: CMM), a company valued at approximately AU$4.1 billion and owner of the Karlawinda and Mt Gibson projects. The up-front transaction consideration totals AU$1.5 million—AU$100,000 already paid, AU$500,000 due at completion, and AU$900,000 in either cash or Capricorn shares. Additional contingent milestone payments of AU$1.5 million are tied to resource and development milestones.
Following completion—expected in July 2025 pending due diligence—BPM will hold a strong cash position of approximately AU$3.5 million. These funds will support the exploration of its newly acquired Forelands Gold Project, located around 150km from Kalgoorlie. The Forelands Project offers near-term resource conversion potential and sits within a highly prospective but underexplored region. This strategic divestment allows BPM to sharpen its focus and accelerate exploration in a buoyant gold market.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
