Anglesey Mining plc aims to cancel £4 million of debt by transferring its iron ore interests in Sweden and Canada to its largest creditor, Energold Minerals Inc. INVESTMENT The North Wales explorer, which as at 31 August 2025 held £26,271, will then focus solely on the Parys Mountain polymetal project. The move follows a binding […]
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Tungsten West appoints Phil Povey as CFO
Tungsten West plc has appointed current interim chief financial officer Phil Povey permanently to the post and as an executive director on the board, with immediate effect. Mr Povey has more than 18 years’ international experience in mining and mining services, covering financial management, commercial strategy and operational leadership. He has proven ability to build […]
Nativo issues 7.4m shares to former director
Nativo Resources plc has issued 7,443,304 shares, at a 29.4% premium, to a former director in lieu of deferred salaries and fees outstanding. Following admission, the company’s issued ordinary share capital will total 572,520,685, each with equal voting rights. None of the shares is held in treasury. Nativo holds gold exploration, development and production assets […]
Deltic defers £6.9m sale over NSTA concerns
Deltic Energy plc and its proposed buyer, Viaro Bidco, have deferred the long stop date for the £6.9 million sale until next year, after the industry regulator asked for more details to address “concerns”. DISAPPOINTED The transaction, agreed at the end of June 2025, comprises a cash offer for Deltic’s entire and to be issued […]
Beacon proposes share consolidation
Beacon Energy plc has proposed a share consolidation of one new ordinary share of nil par value for every 1,000 existing ordinary shares of nil par value. ITALY The company, which posted £18.6 million losses in 2024, became a cash shell in January of this year following the sale of its assets in Germany. Beacon […]
Fulcrum notes higher gold recovery at Teck-Hughes
Fulcrum Metals plc reported more than 70% gold and silver recovery on preliminary detailed metallurgical work at its Teck-Hughes mine tailings project at Kirkland Lake in Ontario, Canada. ASSESSMENT The phase III development work is using Extrakt Process Solutions LLC’s cyanide-free technology to recover metals from mine waste. Fulcrum said it aimed to optimise leach […]