Chesterfield Resources plc executive chairman Kashif Afzal has further increased his stake in the company after participating in the £130,000 fundraise on 23 May 2025. POLYMETAL Mr Afzal, through his 100% owned Juniper International FZ LLC, purchased two million ordinary shares each at an aggregate price of 0.5p pence. Juniper’s total interest in Chesterfield is now […]
Tag: Adeline – Labrador – Canada
Chesterfield raises £130,000
Chesterfield Resources plc has raised £130,000 via a placing and subscription of 26 million new ordinary shares of 0.1 pence each, representing a fifth of its issued share capital, at 0.5 pence per share. Following admission, the company’s issued share capital will comprise 156,328,311 ordinary shares, each with one vote. Chesterfield holds no ordinary shares held in treasury. […]
Chesterfield agrees sale date for Adeline
Chesterfield Resources plc has reached a deal to complete the sale of the Adeline copper project in Labrador, eastern Canada. OPPORTUNITIES Under the original March 2023 agreement, Sterling Metals will acquire Adeline in exchange for a combination of cash and shares in Sterling. Part payment was issued to Chesterfield in 2023 with the balance due […]
Chesterfield mulls new investments
Chesterfield Resources plc is considering investing in a “new area of activity” as its optioned partner begins 2,000 metre drilling at the Adeline copper project in Labrador, eastern Canada. EXPLORATION The company, with projects in Cyprus and Canada, last year underwent a change of management, appointed a new executive chairman and began cutting costs. Its […]
Potential Adeline buyer sets exploration budget
Chesterfield Resources plc noted its potential purchaser of the Adeline copper project has earmarked C$2m (£1.18m) for summer exploration on the asset in Labrador, eastern Canada. ACTIVITIES Sterling Metals aims for a 2,500 metre drill campaign in addition to the C$500,000 (£296,000) airborne survey planned over the licence area. The finance will come from the […]
Chesterfield signs new deal to sell Adeline
Chesterfield Resources plc has signed a new agreement to sell full ownership and rights over its Adeline copper project in Canada. TERMS The company had previously signed a conditional deal with Pacton Gold Inc which withdrew because of the “immense size” of the project. Today’s announced agreement will see Sterling Metals purchase an option for […]