Industrial Services Divestitures in 2026

Equinox Gold completed the sale of its Brazil Operations — the Aurizona Mine, RDM Mine and Bahia Complex — to a subsidiary of CMOC Group for total consideration of up to US$1.015 billion (US$900 million cash up front plus up to US$115 million contingent). The proceeds will be used to repay a $500 million term loan and a $300 million Sprott loan, reducing Equinox Gold's net debt to approximately US$150 million and refocusing the company on its North American growth assets.

Bailey Equipment & Intralogistics, a third-generation family-owned forklift dealership headquartered in Nashville, Tennessee, has acquired Equipment Depot’s Washington state operations and will establish a regional headquarters in Kent, Washington. Bailey will serve as the authorized Logisnext dealer in Washington for Cat Lift Trucks, Mitsubishi Forklift Trucks, and Jungheinrich, expanding its material handling, warehouse solutions, and intralogistics services into the Washington market.

Talon Metals Corp. has completed the previously announced acquisition of Lundin Mining's Eagle Mine and associated Humboldt Mill (held via Lundin Mining US Ltd.), creating a multi-asset U.S. nickel-copper company. As consideration, Lundin Mining received 275,152,232 Talon shares and a limited production-payment royalty on non-Eagle ore processed at the Humboldt Mill; the deal brings the Eagle operating team into Talon and positions the company to extend mine life and accelerate regional exploration.