Strategic Minerals plc has raised gross £4.7 million, through direct subscriptions for 134,285,712 new ordinary shares of 0.1 pence each, at 3.5p per new ordinary share. TVRs The company, which owns Cornwall Resources Ltd, said that the subscription was led by a “prominent international investor” who had made the approach. The issue price is a […]
Day: 16 September 2026
Power Metal expands into Chile
Power Metal Resources plc has invested US$1 million (£700,000) for 2.6% in Next Minerals S.A., which is developing the Comahue underground copper mine in Antofagasta, Chile. PRODUCTION Power Metal made the investment through a subscription for 65,142 ordinary shares and 65,142 warrants, valid for three years, in Next. The company said that project has a […]
Guardian begins trading on NYSE
Guardian Metal Resources plc said it marked the start of trading today on the New York Stock Exchange by ringing the NYSE closing bell at 4pm Eastern Time (8pm GMT). POWER METAL The company continues to trade on the London Stock Exchange. Guardian’s main project is exploration and development of the tungsten deposit at Pilot Mountain […]
Karelian raises £290,000
Karelian Diamond Resources plc has raised £290,000 through the issue of unsecured convertible loan notes to existing and new investors. LICENCES The three-year loan notes have a conversion price of 1.5 pence per share, which is a 300% premium to the closing mid-market price of 0.375 pence for the company’s ordinary shares on 19 March […]
Ascent signs binding brines deal for Utah licences
Ascent Resources plc and its partner American Helium LLC have signed a binding agreement, allowing a third party to access inactive oil and gas wells on their licences in the Paradox Basin in Utah, USA. EXPLORATION The deal with Utah Brine Corporation, a special purpose vehicle set by Australian outfit Neometals Ltd and its US […]
Botswana raises £1m
Botswana Minerals plc announced it had raised £1,150,000 and appointed a non-executive director to the board, with immediate effect. TVRs For the fundraise, Botswana issued 460 million new ordinary shares of 0.25 pence each, at a placing price of 0.25p per placing share, to existing and new investors. Directors participating include executive chairman John Teeling, […]