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 […]
Tag: investment
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 […]
CMR secures £2.5m for Morocco activities
Critical Mineral Resources plc has secured a £2.5 million investment from Gilini Holdings Ltd to advance its activities in Morocco. OPPORTUNITIES The funds will be used to acquire more projects, expand CMR’s commodities trading venture, progress its existing Morocco portfolio and for general working capital. Of the total investment, £2,075,000 has an average purchase price […]
FCM secures proposed £2m investment
First Class Metals plc has secured a proposed £2.18 million investment for a 51.2% ownership via a shares subscription from Seventy Ninth Group Ltd. SUPPORTIVE The two-stage subscription will be for a total 128,500,000 ordinary shares of £0.001 at 1.7p per share. The two stages comprise 78,552,084 and 49,947,916 shares respectively, subject to shareholder approval. […]
Sunrise ships pozzolan bulk sample for trials
Sunrise Resources plc has mined and shipped a 20-ton bulk sample for trial to an established minerals company its CS natural pozzolan project in south central Nevada, USA. INVESTMENT The potential customer’s laboratory testing will include milling and mixing the sample with other cementitious materials for evaluation. Earlier this month, Sunrise announced that the CS […]
Reabold holds 26.1% in Colle Santo option holder
Reabold Resources plc has invested a further £1,650,000 to increase its holding to 26.1% in the majority owner of the Colle Santo gas field. COLLABORATION The company, which signed the original conditional agreement in May 2023, exercised its second option to subscribe for 116 new ordinary shares in LNEnergy Ltd which holds 90% of the field. […]