Central Asia Metals plc, focused on North Macedonia and Kazakhstan, has conditionally invested an initial £3 million for a 28.7% stake in explorer Aberdeen Minerals Ltd. DRILLING With a footprint of 7,400ha (75km2) agreed with landowners, Aberdeen is exploring for nickel, copper and cobalt at the Arthrath project in Aberdeenshire, northeast Scotland. The company states […]
Author: editorial
Power Metal mulls assets merger for uranium investors
Power Metal Resources plc might combine its uranium licences with some of its other assets to secure an investment agreement. OPTIONS The company, currently preparing Uranium Energy Exploration plc for listing, said it had seen interest from institutional, high-net worth and retail investors in the UK and elsewhere, “including a potential cornerstone investor”. “However, a number of significant […]
Alba to begin Llechfraith and waste tip bulk sampling
Alba Mineral Resources plc will next month begin bulk sampling from the Llechfraith target and the waste tip at its Clogau-St David’s gold mine, North Wales. FEASIBILITY Extraction of 120 tonnes of fines from the waste tip will begin with trenching planned for April. Processing of bulk samples to gold concentrate will be in May […]
Angus Energy chairman Patrick Clanwilliam resigns
Angus Energy plc non-executive chairman Patrick Clanwilliam has resigned. Mr Clanwilliam joined the company’s board in 2019 and became interim chairman in August 2023. Non-executive director Krzysztof Zielicki will act as interim chairman until a successor is found. “We are very grateful to Paddy for his leadership and wise counsel during the five years of […]
FCM grows portfolio with Quinlan lithium earn-in
First Class Metals plc has grown its portfolio with a 100% earn-in agreement of the Quinlan lithium property comprising 98 claims in NW Ontario. FAVOURED The cash-shares deal with Broken Rock Resources Ltd involves “low execution costs” and a commitment to year one field work. FCM has staked 50 claims and has an option over […]
FCM awarded C$200,000 for Zigzag exploration
First Class Metals plc has been approved a maximum C$200,000 grant for work completed on the polymetallic Zigzag property in northwest Ontario. PIVOTAL The award from the Ontario junior exploration programme (OJEP) is the company’s second following the North Hemlo grant in March 2023. The money covers up to a maximum of 50% of exploration […]