Alba Mineral Resources plc has completed the first stage cash and shares acquisition for 25.5% of the Motzfeldt niobium-rare earth elements-tantalum-zirconium project in southern Greenland. FUNDRAISE Current owner is Elemental Rare Metals Ltd of which Alba’s executive chairman George Frangeskides is a founder, significant shareholder and funder. Alba said that its agreement had been modified […]
Tag: finance and funding
First Development raises £1m
First Development Resources plc has raised £1 million through an over-subscribed discounted placing of 33,333,333 new ordinary shares of one pence each in the company. TVRs The issue price of three pence per placing share is an 8% discount from the middle close market price of 3.25p as at the close of business on 24 […]
Panther targets £700,000 fundraise
Panther Metals plc has raised gross £600,000 via a discounted placing by its chief executive officer Darren Hazelwood for one million new ordinary shares, which he intends to sell to certain investors. RETAIL OFFER The issued shares represent around 17% the company’s existing issued ordinary share capital. The discount is of 11% to the closing […]
Power Metal invests £4m in royalty firm Apex
Power Metal Resources plc will invest £4 million in a new mining royalty company, and receive a share in its original acquisition of the Pilot Mountain tungsten project in Nevada. PORTFOLIO The company signed a binding agreement to subscribe in Apex Royalties Ltd, which will also give returns from projects across commodities and jurisdictions. Power Metal’s […]
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 […]
Sunda raises £710,000
Sunda Energy plc has raised a total of £710,000, via a subscription and a now completed retail offer, for an aggregate 2.84 billion shares and 1.42bn warrants. TVRs The 15 October subscription raised gross £240,000 for 960 million new ordinary shares at the issue price, along with 480m warrants. The retail offer was oversubscribed and […]