Tungsten West plc has agreed a US$25 million bridging loan facility with an entity controlled by its substantial shareholder Gregory Coffey, to progress the Hemerdon tungsten-tin mine project in Devon. CAPACITY The company also plans to “materially increase” production capacity, including “significant” additional capacity in the new build programme, “in response to recent market conditions”. […]
Month: September 2026
Botswana identifies copper targets with AI analysis
Botswana Minerals plc has identified 36 copper anomalies “grouped within six exploration corridors”, which contain clusters of anomalies, on two of its licences in Ngamiland, northwest Botswana. DATABASE The company said that the anomalies, identified using artificial intelligence, shared the geological characteristics of “several major operating and historical deposits”. Botswana continues to evaluate the remaining […]
Oriole returns multiple gold intersects at Mbe South
Oriole Resources plc has returned 30 gold mineralisations in the first three holes of its 2,500-metre step-out diamond drilling at the Mbe South orogenic gold deposit in central Cameroon. EXTENSIONS Results from MB01-S included 1.00m at 59.00 grammes per tonne gold from 58.40m in drill hole MBDD041. Hole MBDD040 showed 3.00m at 2.82g/t gold from […]
Fulcrum secures surface rights at Teck Hughes
Fulcrum Metals plc has secured five long-term surface rights over 270 acres around the Teck Hughes gold mine tailings recovery project in Ontario, Canada. STRATEGY The deal gives the company access to land and flexibility for “exploration activities, environmental studies, infrastructure planning and future development work”. Fulcrum said that the move was a “positive step […]
Rockhopper JV mulls production increase at Sea Lion
Rockhopper Exploration plc has welcomed a potential increase in production with the possible use of two floating production storage and offloading vessels at the Sea Lion discovery in the North Falkland Basin. COSTS Operator Navitas Petroleum already plans to use the Aoka Mizu FPSO for the first two phases, with a production capacity of 55,000 […]
Nativo agrees new £2.1m loan
Nativo Resources plc has agreed a new £2.1 million unsecured loan agreement with institutional investor YA II PN Ltd, which is managed by Yorkville Advisors Global LP. PERU The new package replaces the November 2025 convertible loan note. In addition to the loan, the funding includes an at-the-market (ATM) equity issuance facility with Nativo’s corporate […]