Caerus Mineral Resources plc’s investigation into “certain actions and commercial decisions by previous management” will see 4.9 million shares returned and 10m warrants cancelled. GOVERNANCE The company will also focus on its alliance with cornerstone investor EV Metals Group (EVM), and rebuild shareholder confidence. Chairman Christoper Lambert said in a statement today that he remained […]
Tag: copper
First Class optimistic over West Pickle Lake results
First Class Metals plc said it was “cautiously optimistic” following results of further high grade nickel sulphides at the West Pickle Lake earn-in at its Canadian Schreiber-Hemlo and Sunbeam project. POTENTIAL The joint venture lies on the eastern flank of FCM’s 100% owned principal North Hemlo project. Partner and operator Palladium One Inc has the option […]
Caerus former chairman acquires one million shares
Caerus Mineral Resources plc noted that its former chairman Michael Johnson acquired 1,021,250 ordinary shares, representing 1.67% of the issued share capital of the company. The transactions, between 9 April 2021 and 6 May 2021, were at £0.00 and outside a trading venue. In total, Mr Johnson and persons closely associated hold 5,550,001 ordinary shares representing 9.0% […]
Tertiary sampling shows multiple copper soil anomalies at Jacks
Tertiary Minerals plc reported multiple copper soil anomalies from preliminary sampling results at its Jacks copper project in Zambia. JACKS The prospect lies within exploration licence 27069-HQ-LEL, covering 141.4 km2,and located 85km south of Luanshya. DRILL TESTING In September, the company began the detailed soil sampling programme which it completed on schedule and on budget. […]
Chesterfield progresses sale of Adeline
Chesterfield Resources plc said it was making progress “on all fronts” in the conditional sale of its 100% interest in the Adeline copper licences in the Labrador region of eastern Canada. AGREEMENT The company purchased the assets from Altius Minerals in May 2021 before increasing the licence area the following month. In October 2022, Chesterfield […]
Chesterfield to reduce Cyprus licences to three
Chesterfield Resources plc said it planned to surrender some of its Cyprus licences over the next six months to “reduce unnecessary spending and potential shareholder dilution”. COSTS The company added it would continue to advance its “most highly prospective” retained Westline and Orchard core assets. Chesterfield will reduce its Cyprus portfolio from 26 licences covering […]