Oriole Resources plc reported a 23% increase in the mineral resource estimate for Bakassi Zone 1 (BZ1) at its 90% owned Bibemi orogenic gold project in Cameroon. PEA Independent consultant Forge International Ltd’s revised MRE of 460,000oz of contained gold has 100,000oz at 2.05 g/t gold in the indicated and 360,000oz gold at 2.06g/t gold in […]
Metals & Minerals
Red Rock issues 57m shares for cash advances
Red Rock Resources plc has issued 57,142,856 new ordinary shares of 0.01 pence each in the company at a subscription price of 0.035 pence per share, with 57,142,856 attached warrants, to convert cash advances. TVRs A total of 14,285,714 warrants expire will expire on 9 March 2028 and 42,857,142 warrants on 18 May 2028, exercisable at a […]
Conroy raises €240,000 via CLNs
Conroy Gold and Natural Resources plc has raised €240,000 (£203,400) through the issue of unsecured and unlisted convertible loan notes to existing and new investors in the company. CLONTIBRET The conversion price for the CLNs is £0.10 per share, a 277% premium to the closing mid-market price of 2.65 pence for Conroy’s ordinary shares of […]
Power Metal directors buy 700,000 shares
Power Metal Resources plc directors today bought an aggregate 703,800 new ordinary shares, each at a average price of 12.5 pence per ordinary share in the company, for a total £87,975. INTERESTS Chief executive officer Sean Wade purchased 150,000 new ordinary shares each at 12p, 250,000 shares at 12.9p and 103,800 at 12.6p. Non-executive director […]
Guardian issues 4.6m shares via warrants exercise
Guardian Metal Resources plc has issued a total 4,627,142 new ordinary shares of 1p each following notices to exercise warrants at 17p per warrant share for a total of £786,614.14. TVRs Following admission, the company’s issued share capital will comprise 138,965,494 ordinary shares of one pence each. The same number will represent Guardian’s total voting rights. […]
Focus to begin lithium exploration in Ontario
Focus Xplore plc expects to begin exploration at the Iva and Ellie lithium and Bay Road rare earth element projects in Ontario, Canada. GOALS Fladgate Exploration Consulting Corporation are anticipated to start activities later this week with the arrival of warmer weather. Focus said it aimed to meet its exploration goals by appointing a second […]