Anglesey Mining plc shareholders today rejected the company’s proposals for £2 million financing from Alumni Capital Ltd, in conjunction with a capital reorganisation. ADMINISTRATION The money was earmarked for negotiations with third-party funders for a pumped hydro energy storage scheme at the Parys Mountain polymetal project in North Wales, thus generating cash flow. Anglesey said that it […]
Tag: copper-zinc-lead-gold-silver – Parys Mountain
Anglesey defers vote on financing-shares consolidation
Anglesey Mining plc has postponed today’s general meeting, where shareholders were due to vote on a £2 million funding and shares consolidation. CHALLENGE The meeting was due to open and immediately adjourn to allow discussions with “certain shareholders” on resolutions, before it reconvenes on 20 October 2025. The £2m financing, if approved, is from Miami-based […]
Anglesey agrees conditional £2m
Anglesey Mining plc has agreed equity financing for up to £2 million with Miami-based investment fund Alumni Capital Ltd, conditional on a twenty-into-one share consolidation. UNCERTAINTY The £2m would support negotiations with third-party funders for a pumped hydro energy storage scheme at the company’s Parys Mountain polymetal project, and generating cash flow. As at 31 […]
Anglesey mulls asset sale to focus on Parys
Anglesey Mining plc’s lack of funds could see the sale of one of its interests to focus more on its flagship Parys Mountain polymetal project on the island. GOAL The company has an 11.9% holding in Labrador Iron Mines Holdings Ltd (LIMH), exploring in the central Labrador Trough in the Menihek area of Newfoundland and […]
Anglesey issues 12.1m share options
Anglesey Mining plc has issued a total of 12.1 million options to directors and employees to ensure the recipients are “appropriately compensated, motivated and retained”. DIRECTORS The share options have an exercise price of 1.2 pence, representing a premium of approximately 41% to the closing share price of 0.85p on 8 May. Issued under Anglesey’s […]
Anglesey mulls hydro energy storage for Parys
Anglesey Mining plc is considering hydro energy storage from a partner provider to support production from the underground polymetallic mine at Parys Mountain in North Wales. NON-CAVING A conceptual study for RheEnergise’s innovative High-Density Hydro® (HD Hydro) energy storage technology would use the former underground workings and the Morris shaft, excavated in 1989. Anglesey said […]