European Green Transition plc has conditionally raised gross aggregate of £7.5 million, via a placing and subscription for 86% of the company’s issued ordinary share capital. DEBT-FREE The placing involved 64,778,653 new ordinary shares of 0.25 pence each, and a subscription for 60,221,347 new ordinary shares, at a price of six pence per ordinary share. […]
Tag: rare earth elements
Focus makes series of board changes
Focus Xplore plc plans to make a series of board changes, including the appointment of a new chairman and chief executive officer. DIRECTORS Antony Legge will become the independent non-executive chairman, replacing Sean Wade who will step down from the board. David Russell will be appointed executive director and Neil Slade as non-executive director, while […]
Alba considers legal steps over Finnsbo earn-in
Alba Mineral Resources plc said it maintained its earn-in rights to the Finnsbo rare earth elements project in Sweden, despite “certain public statements” on the “purported termination” of the agreement. UNFOUNDED The company added it had fulfilled the earn-in terms, which involved an agreed work programme of drilling three holes in late 2025. Alba, which […]
Alba completes phase I test on Motzfeldt sample
Alba Mineral Resources plc has completed phase I testwork on the 300kg sample from the Aries deposit, at the Motzfeldt rare earth elements-niobium-tantalum-zirconium project in Gardar Provice, southern Greenland. PROCESSING The commissioned work at specialist facilities in South Africa, used laboratory scan QEMSCAN, to determine which minerals, and how they are combined, are in the […]
Power Metal to increase holding in Balthaga
Power Metal Resources plc is due to start the next stage of exploration to increase its interest in the Balthaga polymetal and minerals project, located mid-way between Riyadh and Jeddah in Saudi Arabia. DRILL TARGETS The 13 contiguous exploration licences, covering an aggregate 1,290 km2, are prospective for tin, tungsten, lithium, beryllium, molybdenum, niobium, tantalum […]
Focus NEDs resign
Focus Xplore plc non-executive directors Louis Scheepers and Lukas Marthinus Maree have resigned, with immediate effect. “The company thanks both gentlemen for their support and contribution to the company during their tenure over the last several years and wishes them the very best in their future endeavours,” said Focus. Mr Maree’s role as chairman of […]