Conroy Gold and Natural Resources plc is to raise £259,000 via a 27% discounted placing and subscription for a total 5,452,631 ordinary shares in the company. DIRECTORS The placing raised £87,500 through the issue of 1,842,105 new ordinary shares of €0.001 each at a price of 4.75 pence. The subscription of 3,610,526 new ordinary shares […]
Author: editorial
Guardian returns ‘best’ tungsten intercept at Pilot
Guardian Metal Resources plc reported “outstanding” tungsten mineralisation from a further 12 drill holes at Desert Scheelite within the Pilot Mountain project in Nevada, USA. GLOBAL The results from drill core samples for holes PM24-002 to 013 follow those returned in mid-September from assays of diamond drilling. The company said it believed that the intersection would […]
IOG extends administration period
IOG plc, operator of the Saturn Banks gas project in the southern North Sea, has entered a 12-month extended period of administration. The company last year faced rising costs along with demands to repay postponed interest under a €100 million senior secured bond. IOG appointed administrators in October 2023. Companies House recorded the extension, with […]
Panther identifies 500m conductor at Dotted Lake
Panther Metals plc has delineated an electromagnetic plunging conductor with a 500m strike length at its 100% owned Dotted Lake project on the Schreiber-Hemlo greenstone belt in Ontario, Canada. TARGETS The “very compelling” target is one of two parallel conductors identified following completion of independent 3D geophysical modelling and interpretation of airborne geophysical survey datasets. […]
Power Metal completes uranium JV
Power Metal Resources plc has completed the formation of a uranium-focused joint venture involving all its uranium licences, with UCAM Ltd. MODEL The company’s Saskatchewan portfolio includes Perch River; Tait Hill; Cook Lake; Reitenbach; Thibault Lake; Clearwater; Soaring Bay; E12; and the most recently acquired Drake Lake – Silas in Newfoundland and Labrador. Airborne electromagnetic surveys are pending for […]
CRL to co-lead research at new £4.5m centre
Cornwall Resources Ltd will use its Duchy licence as a “physical laboratory” to develop new ideas and sustainable extraction focused on tin, tungsten, lithium and other “critical minerals”. FUNDING The company said it would co-lead one of the trans-disciplinary work packages within the £4.5 million Green Economies Centre based at the University of Exeter and […]