Arkle Resources plc has expanded its exploration footprint with three lithium licences in Zimbabwe. ZIMBABWE Awarded in June, the “low-cost entry” prospecting licences cover 163 hectares in the Insiza District of the Matabeleland South Province. Chairman John Teeling described the acquisitions as a “toe-in-the-water exercise” by the company’s directors who have long experience in the country. CARRICKITTLE WEST […]
Tag: lithium
Power Metal continues Authier earn-in
Power Metal Resources plc said that strong lithium prices and neighbouring mining success had prompted it to continue its earn-in agreement for 100% of the Authier North and Duval East lithium properties in the prolific Val D’Or, Quebec, Canada. PROPERTIES In July 2021, the company’s local subsidiary Power Metal Resources Canada Ltd signed the earn-in agreement with Eagle Ridge […]
Cornish Lithium agrees lithium exploration with Rodda
Cornish Lithium Ltd will evaluate suitable sites for geothermal lithium production and heat on land owned one of the county’s leading businesses. RESEARCH BOREHOLE The company has signed an exclusive agreement with Rodda’s to assess land owned by the Cornish clotted cream producer. Cornish Lithium will design and drill a small research borehole, similar in […]
Cadence completes sale of Australian lithium assets
Cadence Minerals plc has completed the A$21.05 million (£12.08m) sale of its 31.5% stake in Lithium Technologies and Lithium Supplies (LT and LS) to Evergreen Pty Ltd. TRANSACTION Cadence received an initial AS$3.16m (£1.81m) in Evergreen shares and, subject to Evergreen achieving performance benchmarks, will receive in total A$6.63m (£3.8m) Evergreen will spend a minimum of A$4m over […]
Cornish Lithium to receive further £9m
Cornish Lithium Ltd said that TechMet Ltd will invest a further £9 million at 20 pence per share, following the scoping study for the Trelavour hard rock lithium project. SCOPING STUDY The option is the second tranche of TechMet‘s £18m funding package announced in November 2021. The scoping study sets out the design and economics […]
Cadence looks to future value after losses
Cadence Minerals plc swung to a loss during 2021 but said its assets, particularly iron ore and lithium, would perform well in the future. FINANCES In its annual results for the year ended 31 December 2021, the company reported a loss of £0.14m (2020: £7.82m profit) due to reduced realised and unrealised profits and losses for […]