Galantas Gold Corporation has entered into a loan agreement for US$1.06 million (£800,000) with Ocean Partners UK Ltd for working capital and Cavanacaw gold mine in Omagh, Northern Ireland. TERMS Galantas said in a statement that the loan would carry an interest at an annual rate of 10% and is payable six months from the […]
Tag: gold
Ascent signs JV for Peru secondary mining and recovery
Ascent Resources plc said it would focus its environment, social and governance (ESG) projects on secondary mining and recovery in Peru. JOINT VENTURE The company has signed a joint venture (JV) agreement with Lima-based investment manager Blanco Safi SAC to identify and develop precious and base metal-rich tailing and processing operations. Founded in 2010, Blanco’s […]
Altus amends Mali JV agreement
Altus Strategies plc has signed an amended joint venture and earn-in agreement (JVA) to cover a broader licence area and retain a 100% interest in the Lakanfla gold project in Mali. AGREEMENT The agreement with partner Marvel Gold replaces the original from June 2020. It now comprises the Tabakorole gold project (100km2) and two contiguous […]
Tertiary Minerals raises £500,000 through placing
Tertiary Minerals plc raised £500,000 before expenses through placing 294,117,647 new ordinary shares of 0.01 pence each at a price of 0.17 pence. PDMRs Directors of the company participated in an aggregate of £40,000 for 23,529,411 placing shares in support of the fundraising Proceeds will be used to fund drilling and exploration activities at the […]
Alba Mineral Resources announces PDMR dealings
Alba Mineral Resources plc announced PDMR* dealings in the company relating to its executive chairman. George Frangeskides has purchased 10,221,909 ordinary shares at an average price of 0.1475p into an ISA. Following these purchases, Mr Frangeskides now owns a total holding of 48,115,199 ordinary shares, representing 0.75% of the issued shared capital of the company. […]
Oriole confirms extended mineralisation at Faré
Oriole Resources plc announced an extension of mineralisaton following results from the 2,148 metres reverse circulation (RC) drilling at the Faré prospect at the Senala gold project, Senegal. RESULTS The company’s joint venture partner and operator IAMGOLD Corporation, currently in Year 4, has the option to spend up to US$8 million to earn a 70% interest. Oriole said that […]