Cornwall Resources Ltd has started resource infill drilling as part of the prefeasibilty study for its Redmoor tungsten-tin.copper project in the southeast of the county. MRE The company began on 28 March to drill hole CRD042, which is the first of eight planned holes from pad four, for a total 3,850 metres over six months. […]
Tag: finance and funding
Metals on track at La India with increased budget
Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]
Helium One raises £1.5m
Helium One Global Ltd has raised £1.5 million through an oversubscribed retail offer for 250m new ordinary shares, at 0.6 pence per share. TVRs The company said it increased its target figure of £1m following strong support from its retail shareholders. The sum adds to the £3.5m raised by way of a direct subscription for […]
Cora completes fundraise at £15.7m
Cora Gold Ltd has closed its recent fundraise at £15,707,141.34 through the issue of 261,785,689 new ordinary shares, each at a price of six pence. BOARD The fundraise included a subscription of £13,707,141.36 by Eagle Eye Asset Holdings Pte. Ltd for 228,452,356 new ordinary shares, equal to 29.9% of Cora. A retail offer raised an […]
First Class raises £400,000
First Class Metals plc has raised £400,000 through its “multiple times” oversubscribed retail offer, exceeding its initial target. TVRs The company said it increased the retail offer, at the issue price of 1.52 pence per share, due to demand which resulted in the issue of 26,315,789 new ordinary shares. Following admission First Class’ issued share […]
Helium One raises £3.5m
Helium One Global Ltd has raised £3.5 million via a direct subscription of 583,333,334 new ordinary shares, at 0.6 pence per new ordinary share, by institutional investors. PROCEEDS The issue price represents a discount of 17.6% to the closing mid-market price of the company’s existing ordinary shares on 25 March 2026. The company also intends to raise […]