Katoro Gold plc has appointed Tertiary Minerals plc former managing director Patrick Cullen as interim chief executive officer on the board. REVIEW Mr Cullen has extensive geological, geophysical and mining experience from working in the junior resource exploration and major mining sectors. Katoro said that Mr Cullen, who also previously worked for Arkle Resources plc, […]
Author: editorial
Red Rock issues 75m shares for service debt
Red Rock Resources plc has issued 75 million new ordinary shares at a subscription price of 0.045 pence per share to convert £33,750 debt owed to a service provider. On admission, the company’s issued ordinary share capital will comprise 4,380,645,478 ordinary shares, with voting rights. Red Rock holds none of the ordinary shares in treasury.
Altona extends Botswana option period
Altona Rare Earths plc has extended the exclusive period to 17 July for the Sesana copper-silver option in Botswana. FUNDRAISE In April the company signed a binding agreement with Ignate African Minerals Ltd for PL2329/2023, which lies in the heart of the Kalahari copper belt. The licence is valid for copper, cobalt, gold, silver, lead, […]
Fulcrum signs option deal to sell uranium assets
Fulcrum Metals plc has signed a definitive option agreement for the sale of its uranium projects in Saskatchewan, Canada. STRATEGIC The deal gives Terra Balcanica Resources Corp the option to acquire 100% of the Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton projects by completing four years’ exploration to the minimum value of C$3,250,000. Terra paid […]
Tungsten West appoints interim CEO as director
Tungsten West plc has appointed interim chief executive officer Alistair Stobie as an executive director. Mr Stobie holds no shares or options in the company. Previous CEO Neil Gawthorpe has now left Tungsten West following finalisation of his settlement agreement.
Power Metal finishes initial Balthaga exploration
Power Metal Resources plc has completed initial field exploration on the Balthaga lithium project 450km east of Jeddah in the southeast of the Arabian Shield. GEOLOGY A total of 43 in-situ rock chip samples were taken from targets visited while new areas were identified during the seven-day programme over more than 1,200 km2. The programme is included in the […]