Anglesey Mining plc has completed the acquisition of an additional 29.8% of Grängesberg Iron AB (GIAB), which owns the Grängesberg iron ore project in Sweden. The company will now issue 14,544,827 new ordinary shares of 1 pence each in the company at an issue price of 3 pence per share to GIAB founders, Roslagen Resources […]
Author: editorial
Cora to raise $20m of new mandate-term sheet
Cora Gold Ltd aims to raise at least US$19.566 million comprised of equity and convertible loan notes to start developing its flagship Sanankoro project in southern Mali. TERM SHEET The funds are part of a mandate and term sheet for £30m with investor Lionhead Capital Advisors Proprietary Ltd, replacing one for $25m in September 2021. […]
CRL anticipates government funds for Redmoor
Cornwall Resources Ltd said it expected to receive government funding in the future to develop its tin-tungsten project at Redmoor in Cornwall. POLICIES In December, the company applied to Cornwall and Isles of Scilly Council (CIS) for a grant from the Shared Prosperity Fund. Cornwall Resources said that regardless of whether its application was successful, […]
Horizonte awards mining services contract for Araguaia
Horizonte Minerals plc has awarded a five-year mining services agreement to secure services for mining, stock pile generation, plant feeding and slag handling activities at its 100%-owned Araguaia nickel project in Brazil. MINING FLEET The contract with Fagundes Construção e Mineração further de-risks the project and ensures that “operational costs will be in the lower […]
Galantas notes further solid grades in Kearney vein
Galantas Gold Corporation reported further positive results for three holes drilled from underground platforms within the Kearney vein at Cavanacaw in Omagh, County Tyrone. TARGETS Hole FR-DD-22-UG-192, targeted within the northern dilation zone, intersected 6.2 g/t gold and 46.6 g/t silver over an 11.1m intersection. This includes a higher grade section of 22.5 g/t gold […]
Conroy plans 2,000m step-out drilling at Clay Lake
Conroy Gold and Natural Resources plc plans a 2,000 metre step-out drilling programme on the Derryhennet section at Clay Lake in the Longford-Down Massif gold trend, Northern Ireland. ASSESSMENT The company’s joint venture Turkish partner Demir Export S.A. will drill eight step-out holes at the target in County Armagh, which is one of a series […]