Tungsten West plc plans to raise £43 million comprising £29,288,296 via a direct subscription, up to £10,983,111 through a placing by way of an accelerated bookbuild, and a retail offer of up to £3 million. SHARES SALE The two-tranche fundraise for new ordinary shares of one pence each, is at a price of 18 pence […]
Tag: metals and minerals
Arkle adds Namibia Uranium to portfolio
Arkle Resources plc has expanded into uranium with an 85% interest in Namibia Uranium Pty Ltd, for £2.032 million in shares and cash raised through a “significantly” oversubscribed fundraise. DIRECTORS’ DEALINGS Namibia Uranium holds four exclusive prospecting licences, adjacent to three major uranium deposits of Trekkopje, Marenica and Rössing in the Erongo Region. Arkle said […]
Alba investors to vote on further stake in Motzfeldt
Alba Mineral Resources plc shareholders are due to vote on the company’s purchase of a further 25.5% stake in the Motzfeldt niobium-tantalum-zirconium-rare earth element project, located in South Greenland. TRANSPORT The acquisition for a total of £518,070 in Alba shares would give the company a 51% controlling interest in and operatorship of the project, which […]
Anglesey proposes capital reorganisation
Anglesey Mining plc has proposed a capital reorganisation to allow further fundraises, possibly through issuing new shares, to develop its 100% owned Parys Mountain polymetal project in North Wales. ENERGOLD The capital reorganisation involves a consolidation and sub-division of its issued shares on a basis of ten existing shares for one new ordinary share of […]
Cornish Metals lists on AIM
Cornish Metals plc today listed on the AIM market of the London Stock Exchange, following completion on 16 December of its redomicile to the UK. FINANCE The Canadian company, progressing its South Crofty tin mine project in Cornwall, issued its entire ordinary share capital of 125,450,089 ordinary shares to trading. The move meets the National Wealth […]
Cora raises £1m
Cora Gold Ltd has conditionally raised £1,047,999.66 through a subscription of 17,466,661 new ordinary shares of no par value in the company, at a 4% discounted price of six pence per new ordinary share. TVRs Net proceeds will further the permitting process for the Sanankoro gold project in southern Mali, exploration on the company’s licences […]