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 […]
Tag: investment
Power invests in ‘first’ DeFi for early-stage mining
Power Metal Resources plc has agreed to invest up to £3 million for up to 49% of the “first”, “institutional-grade, blockchain-enabled decentralised finance (DeFi) tokenisation platform” to fund early-stage mining projects. COMPLIANCE Kingia FZCO, based in a Dubai Freezone, will be renamed Minestarters and target institutional and retail investors. Freezones are economic zones which offer […]
Kavango notes ‘impressive’ intercept at Bill’s Luck
Kavango Resources plc has returned a second high-grade gold intercept in a “gold-bearing structure” at Bill’s Luck gold mine on the Hillside project in Matabeleland, southern Zimbabwe. INVESTMENT Hole BLDDUG006 was drilled to a depth of 75.48 metres with assays showing grades of 13.60 grams a tonne over 10.40m from 64m to 74.40m. This also […]
Critical Mineral issues 56.9m shares for funding
Critical Mineral Resources plc has issued 56,896,552 new ordinary shares at a price of 1.45 pence per share, as part of the second tranche investment by Gilini Holdings Ltd. MOROCCO Critical Mineral secured the overall £2.5 million investment in March 2025 and was due to receive the second tranche of £1,325,000 during Q2 2025. Following […]
Metals starts construction at La India
Metals Exploration plc has started constructing infrastructure, marked by an official opening ceremony, at the La India gold project in Nicaragua. ECONOMY The project hosts the historic La India gold mine which produced between 1938 and 1956, mainly while owned by Canadian miner Noranda Inc. Condor Gold plc, acquired by Metals, began exploratory work in […]
Harbour to cut 250 jobs in Aberdeen
Harbour Energy plc plans to cut 250 jobs at Aberdeen, equivalent to a quarter, because of a fall in investment in the oil and gas industry as a result of the government policies. CHALLENGES In a statement today managing director of the company’s UK business Scott Barr said: “Harbour is launching a review of its […]