Cornwall Resources Ltd has signed a contract for two rigs to diamond drill a total 5,300 metres during the second half of the year at its Redmoor tin-tungsten-copper project near Kelly Bray, north of Callington. ADVANCEMENTS The contract with Priority Drilling UK Ltd follows match grant funding from the Government, through the UK Shared Prosperity […]
Tag: finance and funding
FCM raises £520,000 and plans asset cash sale
First Class Metals plc has boosted its finances with a £520,000 fundraise and proposed cash sale of one of its properties in Northern Ontario, Canada. PROGRESS Chairman James Knowles said that the company had to act decisively following the withdrawal of the second stage investment from The Seventy Ninth Group, which is subject of Police […]
Tungsten West unveils plan to restart Hemerdon
Tungsten West plc has unveiled its new development and economic plan for Hemerdon mine, forecast to produce “around 20% of global supply of primary tungsten” outside China. MINE LIFE The tin-tungsten project in Plympton near Plymouth in Devon is construction-ready and fully permitted with “world-class tungsten resource”, “significant tin” and “premium aggregate co-products”. Hemerdon has […]
Chesterfield chairman increases holding
Chesterfield Resources plc executive chairman Kashif Afzal has further increased his stake in the company after participating in the £130,000 fundraise on 23 May 2025. POLYMETAL Mr Afzal, through his 100% owned Juniper International FZ LLC, purchased two million ordinary shares each at an aggregate price of 0.5p pence. Juniper’s total interest in Chesterfield is now […]
Fulcrum directors raise £140,000
Fulcrum Metals plc has raised £140,000 from a directors’ subscription of 2.8 million new ordinary shares at the issue price of five pence. TAILINGS On 23 May chief executive officer Ryan Mee subscribed for 2.3m shares for £115,000 and now has 9,973,910 ordinary shares, equivalent to 15.43% of the enlarged share capital. Chief financial officer […]
CMR signs ‘key’ Morocco copper-silver earn-in
Critical Mineral Resources plc has broadened its Moroccan portfolio with a 60% earn-in to a sedimentary hosted copper-silver deposit, expected to become a “significant new discovery”. SCALE A diamond drill rig is due to leave Canada next week ahead of drilling starting during the third quarter at the site in Central Morocco. “In some areas […]