Power Metal Resources plc revealed “multiple prospective targets” from exploration at the joint venture Reitenbach uranium property in Northern Saskatchewan, Canada. DRILLING The results follow Summer 2024 fieldwork by the company under its JV, Fermi Exploration, with investor and 70% owner-partner UCAM Ltd. The company said that the Nuphar and Goodleap targets in the northeast of […]
Metals & Minerals
CMR receives £462,474 via CLNs
Critical Mineral Resources plc has secured an additional £462,474 through the issue of convertible loan notes, following the £2.5 million investment earlier this month. The CLNs are convertible into ordinary shares in the company at £0.0145 per share, accruing interest of 5% per annum. CMR, focused on silver, copper and manganese in Morocco, will receive […]
Katoro exits Haneti to focus on Ontario
Katoro Gold plc and Power Metal Resources plc have exited the Haneti nickel-lithium joint venture in central Tanzania due to the high levels of expenditure required. ONTARIO Katoro holds 65% of Haneti and Power Metal owns 35%. The early-stage project last underwent diamond drilling in 2022, with results failing to show economically significant nickel but […]
Kavango finds potential gold upgrade at Hillside
Kavango Resources plc reported a “significant upgrade” of potential underground resources following shaft restoration of Prospect 1 at the Hillside gold project in Matabeleland, Zimbabwe. DRILLING The company completed work on the historic main shaft and west shaft, with the removal of historic waste material from the main shaft’s first two levels revealing a deeper, […]
Acrux CEO becomes director at Cononish mine
Acrux Sorting Technology’s chief executive has become a director of SCZ Grampian Ltd, which operated the Cononish gold-silver mine in Scotland. Companies House recorded that Sean Browne was made a director of SCZ, formerly Scotgold Resources plc, on 6 March 2025. Acrux executive Karel Potgieter also became a director of the company on the same […]
Cononish gold mine has new majority owner
Cononish gold mine in Scotland has a new 80% owner following a strategic investment for an undisclosed sum by South African company Acrux Sorting Technology. TECHNOLOGY SCZ Cononish Ltd’s previous largest investor Nathaniel le Roux retains less than a 25% share. The original parent Scotgold Resources plc fell into administration in November 2023 following problems […]