Fulcrum Metals plc has raised £140,000 from a directors’ subscription of 2.8 million new ordinary shares at the issue price of five pence. TAILINGS On 23 May chief executive officer Ryan Mee subscribed for 2.3m shares for £115,000 and now has 9,973,910 ordinary shares, equivalent to 15.43% of the enlarged share capital. Chief financial officer […]
Tag: metals and minerals
Ormonde notes drill contract for Golden Rose
Ormonde Mining plc’s investee has awarded the drill contract to MCL Drilling for a 1,800m drill at the Golden Rose copper-gold project in Central Newfoundland Gold Belt in Canada. STAGHORN Licence holder and operator TRU Precious Metals Corp, in which Ormonde owns 36.3%, plans to test for the first time a pipeline of exploration targets. […]
Oriole directors purchase total 16m shares
Oriole Resources plc reported three directors’ share purchases totalling 16,026,590 of 0.1 pence each at a price of 0.20 to 0.21 pence per share. Chief executive officer Martin Rosser acquired 8,936,792 ordinary shares and now holds 14,612,377. Chief financial officer Robert Smeeton bought 4,797,496 (40,733,8740) and executive director, exploration Claire Bay purchased 2,292,302 (13,698,870). Following the […]
GreenRoc raises £735,000
GreenRoc Strategic Materials plc has raised £735,000 via a 31.57% discounted placing and subscription for a total 56,538,462 new ordinary shares at 1.3 pence per share. DIRECTORS’ DEALINGS The fundraise comprises a placing of £500,000 from institutional investors, £165,000 from existing shareholders, £50,000 from its largest shareholder Alba Mineral Resources plc and £17,500 from directors […]
Altona signs final agreement for Sesana
Altona Rare Earths plc has signed a final agreement for the Sesana copper project within prospecting licence PL2329/2023 in the Kalahari copper belt, Botswana. PERMITTING The deal allows the company to acquire up to 85% in the tenement currently owned by Ignate African Minerals (Pty) Ltd. Altona will make payments in three tranches over four […]
Red Rock abandons three Côte d’Ivoire licences
Red Rock Resources plc has dropped three gold licence applications in Côte d’Ivoire after regulatory changes limited the number of licences to four per applicant. GUARDIAN METAL The company holds two licences covering 725.44km2 and two applications for a total 1,404.86 km2 in an area around the capital Yamoussoukro. The three abandoned applications are in […]