Weardale Lithium Ltd has signed a memorandum of understanding (MoU) to supply a battery chain hub in the North East of England. PARTNERSHIP The County Durham-based company is developing a potential domestic resource of sustainable “green” lithium from naturally occurring geothermal brines. The MoU is with Tees Valley Lithium Ltd (TVL) for refining lithium at Wilton […]
Author: editorial
Condor issues more detailed MRE for La India
Condor Gold plc reported a more detailed and conservative mineral resource estimate (MRE) for its 100% owned La India project in Nicaragua. MRE The revised MRE is 9,672 kt at 3.5g/t gold for 1,087,000 oz gold in the indicated category, and 8,642 kt at 4.3 g/t gold for 1,189,000 oz gold in the inferred category. The […]
Predator to raise £3.3 million via placing
Predator Oil & Gas Holdings plc is to raise £3.3 million via a placing to fund drilling at its onshore gas operations in Morocco. PLACING The company conditionally placed 60,000,000 new ordinary shares of no par value at 5.5 pence each, lower than yesterday (Tuesday)’s price of 8.3 pence. Predator said that the placing was significantly oversubscribed and […]
Oriole early results could confirm new gold district
Oriole Resources plc said that early stage exploration results appeared to confirm the company’s proposition of a new gold district at its 90%-owned Central Licence Package (CLP) in central Cameroon LICENCES The district -scale area covers 3,592 km2 comprising eight contiguous licences highly prospective for orogenic-style gold mineralisation. Oriole has to date focused on the […]
WCM must wait longer for coal mine decision
West Cumbria Mining Ltd (WCM) must wait a further two months to hear the fate of its plans for a coking coal mine under the Irish Sea off the coast of Whitehaven in Cumbria. CONSIDERATIONS Following a public inquiry, the Department for Levelling Up Housing & Communities has twice deferred issuing its decision. Secretary of […]
Altus announces resignations following merger
Altus Strategies plc announced that Michael Winn and Gérard De Hert have tendered their resignations and stepped down from the Altus board. The news follows the merger of the company with Elemental Royalties Corp, which became effective as of today, 16 August 2022.