First Class Metals plc has completed its 80% earn-in to the Zigzag lithium-rubidium-gallium-tantalum project in northwestern Ontario, Canada. STRATEGIC The March 2023 option agreement with Nuinsco Resources Ltd will create a 80-20% joint venture between the two companies. The company’s work to secure the controlling share of the project included cash, share and exploration expenditure […]
Tag: lithium
Clontarf aims to acquire Bolivia brine samples
Clontarf Energy plc hopes obtain large bulk brine samples from Bolivia to ship for processing to its partner Next-ChemX’s pilot plant in India. INVESTMENT The company aims to sign a memorandum of understanding with state company, Yacimientos de Litio Bolivianos (YLB), which owns the Coipasa and Uyuni brine deposits. Clontarf said that it had reviewed […]
Ascent signs binding brines deal for Utah licences
Ascent Resources plc and its partner American Helium LLC have signed a binding agreement, allowing a third party to access inactive oil and gas wells on their licences in the Paradox Basin in Utah, USA. EXPLORATION The deal with Utah Brine Corporation, a special purpose vehicle set by Australian outfit Neometals Ltd and its US […]
Focus makes series of board changes
Focus Xplore plc plans to make a series of board changes, including the appointment of a new chairman and chief executive officer. DIRECTORS Antony Legge will become the independent non-executive chairman, replacing Sean Wade who will step down from the board. David Russell will be appointed executive director and Neil Slade as non-executive director, while […]
Arkle to begin uranium exploration in Namibia
Arkle Resources plc plans to start exploring soon on its recently acquired uranium project in the Erongo Region of Nambia. ALASKITE The four 85%-owned exclusive prospective licences, covering 540 km² and located adjacent to major projects, last year underwent sampling programmes. Arkle said it was fully funded to carry out phased exploration work during 2026, […]
Power Metal to increase holding in Balthaga
Power Metal Resources plc is due to start the next stage of exploration to increase its interest in the Balthaga polymetal and minerals project, located mid-way between Riyadh and Jeddah in Saudi Arabia. DRILL TARGETS The 13 contiguous exploration licences, covering an aggregate 1,290 km2, are prospective for tin, tungsten, lithium, beryllium, molybdenum, niobium, tantalum […]