Anglesey Mining plc’s lack of funds could see the sale of one of its interests to focus more on its flagship Parys Mountain polymetal project on the island. GOAL The company has an 11.9% holding in Labrador Iron Mines Holdings Ltd (LIMH), exploring in the central Labrador Trough in the Menihek area of Newfoundland and […]
Tag: Houston iron project – Labrador – Canada – Anglesey Mining plc
Anglesey issues 12.1m share options
Anglesey Mining plc has issued a total of 12.1 million options to directors and employees to ensure the recipients are “appropriately compensated, motivated and retained”. DIRECTORS The share options have an exercise price of 1.2 pence, representing a premium of approximately 41% to the closing share price of 0.85p on 8 May. Issued under Anglesey’s […]
Anglesey notes strategic investment in Labrador
Anglesey Mining plc said that its Canadian investee company Labrador Iron Mines Holdings Ltd (LIM) announced a US$4 million strategic investment by Scully Royalty Ltd. SCULLY ROYALTY Anglesey Mining holds 19.3 million shares in LIM, which will equate to 11.0% of the company after the issuance of new shares to Scully Royalty Ltd. Scully’s strategic […]
Anglesey marks start of Labrador iron mine PEA
Anglesey Mining plc said that a preliminary economic assessment (PEA) on its Houston iron project in Labrador, Canada has started and is due to be completed before the end of 2020. The base and precious metals exploration company, whose main project is Parys Mountain 100%-owned gold mine on Anglesey, holds a 12% interest in Labrador […]