Red Rock Resources plc said it expected to own 50% of its Zimbabwe lithium subsidiary which is preparing for small scale trial production at the Tin Hill project in the southeast of the country. TIN HILL The property lies 29km northwest of Bikita which is one of two lithium mining centres along with Arcturus. African […]
Tag: lithium
Corcel raises £466,000 from private investor AUSPECT
Corcel plc raised £466,000 at a 95% premium to the current share price from private Australian investment company AUSPECT Investment PTY Ltd. AUSPECT was introduced by the company’s proposed director Mr Yan Zhao who is a non-executive director of Corcel’s proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). Corcel issued 116,500,000 new ordinary shares of £0.0001 […]
Caerus signs Saudi Arabia option
Caerus Mineral Resources plc has signed an exclusive option agreement to acquire EV Metals Group plc (EVM)’s 90%-owned metals and minerals subsidiary in Saudi Arabia. RIWAQ RIWAQ Al Mawarid for Mining is EVM’s special purpose vehicle focused on exploration, mining and processing of minerals and metals in Saudi Arabia. The subsidiary is developing a portfolio […]
FCM signs exclusive earn-in for Ontario lithium
First Class Metals plc (FCM) has signed an exclusive agreement for a lithium earn-in project in northwest Ontario, Canada. PROJECT The company has 60 days exclusivity on a “highly prospective, strategically located project”. The deal, covered by an non-disclosure agreement, is for a project less than 100km from Armstrong and in a district “proved to […]
Power Metal starts follow-up Selta exploration
Power Metal Resources plc’s subsidiary has started follow-up fieldwork for lithium exploration at its polymetallic Selta licence in the Northern Territory of Australia. SELTA Selta comprises three licences owned and operated by First Development Resources Ltd (FDR) which is due to be listed. FDR has identified four uranium and four rare earth elements targets as […]
Oriole restarts field work at Bibemi-CLP
Oriole Resources plc has restarted field work following the rainy season at its Bibemi orogenic gold and Central Licence Package (CLP) gold projects in Cameroon. BIBEMI The company is currently conducting a pit optimisation study and site visit at Bibemi in the north of the country. The work aims to upgrade a portion of the […]