Power Metal Resources plc is due to start the next stage of exploration to increase its interest in the Balthaga polymetal and minerals project, located mid-way between Riyadh and Jeddah in Saudi Arabia. DRILL TARGETS The 13 contiguous exploration licences, covering an aggregate 1,290 km2, are prospective for tin, tungsten, lithium, beryllium, molybdenum, niobium, tantalum […]
Tag: EV Metals Group
Power Metal signs Saudi Arabia earn-in
Power Metal Resources plc has signed a binding earn-in for 15 tenements, mainly prospective for lithium, in Saudi Arabia. JOINT VENTURE The deal is with Australian company EV Metals Group plc’s special purpose vehicle RIWAQ Al-Mawarid for Mining (RIWAQ). An option over RIWAQ was rejected in June 2023 by Critical Mineral Resources under its then […]
CMR cornerstone investor sells 16.3% stake
Critical Mineral Resources plc (CMR)’s cornerstone investor EV Metals Group plc (EVM) has sold its 16.3% holding, which has been bought by two of its directors. KM SECURITIES The shares sale occurred on the same date of 26 January as new investment vehicle KM Securities Pty Ltd purchased 10 million shares at a price of […]
Caerus signs Saudi Arabia option
Caerus Mineral Resources plc has signed an exclusive option agreement to acquire EV Metals Group plc (EVM)’s 90%-owned metals and minerals subsidiary in Saudi Arabia. RIWAQ RIWAQ Al Mawarid for Mining is EVM’s special purpose vehicle focused on exploration, mining and processing of minerals and metals in Saudi Arabia. The subsidiary is developing a portfolio […]
Caerus signs up to £625,000 CLN deal
Caerus Mineral Resources plc has signed a subscription agreement with shareholder EV Metals Group plc (EVM) under which Caerus may need EVM to subscribe up to £625,000 for unsecured convertible loan notes. USES The company added that EVM’s holding in Caerus would increase from 16.34% to 29.9% should it require EVM to subscribe for the […]
Caerus renews alliance with investor EV Metals
Caerus Mineral Resources plc said it would renew and expand its strategic alliance with global battery chemicals and technology business EV Metals Group (EVM). AUTOMOTIVE PRODUCTS EVM has been the company’s cornerstone investor since Caerus’s admission to AIM in March 2021. Caerus said that EVM had approached the company to renew and expand the original […]