Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]
Day: 16 September 2026
Helium One raises £1.5m
Helium One Global Ltd has raised £1.5 million through an oversubscribed retail offer for 250m new ordinary shares, at 0.6 pence per share. TVRs The company said it increased its target figure of £1m following strong support from its retail shareholders. The sum adds to the £3.5m raised by way of a direct subscription for […]
First Class investor reduces shares to zero
First Class Metals plc investor The 79th Group has reduced its holding in the company from 11.8% to zero. POLYMETAL A TR-1 notification issued today showed that the threshold was crossed on 27 March 2026. The investment group previously sold 21.7% of its holding on 20 February 2026. The 79th Group is currently in administration […]
Tertiary reports JORC target at Mushima North
Tertiary Minerals plc reported a JORC (2012) exploration target, at an average grade of 40 to 60 grammes per tonne silver equivalent, within the Target A1 prospect at Mushima North in Zambia. MINERALISATION The project is located in the prospective iron-oxide-copper-gold region of the country, with the silver-copper-zinc prospect being one of “several” targets. The […]
European shareholders back £7.5m fundraise
European Green Transition plc shareholders have today approved the £7.5 million fundraise earlier this month for 86% of the company’s issued ordinary share capital. TVRs The company will issue 4,583,333 warrants, at the issue price of six pence per ordinary share, in relation to a bridge facility from Raglan Road Capital Ltd. The fundraise, via a […]