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 […]
Tag: copper
CMR secures £2.5m for Morocco activities
Critical Mineral Resources plc has secured a £2.5 million investment from Gilini Holdings Ltd to advance its activities in Morocco. OPPORTUNITIES The funds will be used to acquire more projects, expand CMR’s commodities trading venture, progress its existing Morocco portfolio and for general working capital. Of the total investment, £2,075,000 has an average purchase price […]
Power Metal extends time to sign Qatan licence
Power Metal Resources plc has agreed a three-month extension to signing the 49% earn-in agreement for the Qatan copper-nickel exploration licence in southern Saudi Arabia. AGREEMENT The December 2024 letter of intent for a binding agreement with Al Masane Al Kobra (AMAK) Mining Company was for Power Metal to spend US$3 million for the earn-in. Power Metal […]
Tertiary drills anomalous copper at Brunton Pass
Tertiary Minerals plc has intersected “thick intervals containing anomalous copper values”, possibly in the halo of a porphyry deposit, at its Brunton Pass copper-gold project in central Nevada, USA. THESIS The first pass phase I drilling programme, started in November 2024, comprised four reverse circulation percussion drill holes for a total 890m. The company said […]
Tertiary nears 3,000m in Konkola West drillhole
Tertiary Minerals plc’s earn-in partner is approaching the deeper-than-planned drill depth of 3,000 metres in the first hole at the Konkola West copper project in Zambia. GROUND-BREAKING The company said that operator KoBold Metals Company had drilled past 2,600m in hole KWDD001 and was drilling in the Kitwe Formation, which forms the upper part of […]
CRL notes further mineralisation at Redmoor
Cornwall Resources Ltd has identified additional tungsten and copper mineralisation from its relogging programme of diamond drill core at its Redmoor project. DERISK The findings follow August 2024 assays of “potentially economic” tungsten-tin-copper mineralisation within the deposit and outside of the mineral resource estimate. The company said that the new mineralisation could contribute to a […]