Fulcrum Metals plc has raised £643,500 via a 45% discounted conditional subscription of 8,043,750 new ordinary shares of 1 pence, at a price of 8 pence per share, by certain existing shareholders. DIRECTORS The company’s directors will later this month raise an additional £114,500, comprising a £89,769 subscription and conversion of outstanding salaries totalling £24,731 into […]
Tag: metals and minerals
FCM settles chairman’s 9.7m shares loan
First Class Metals plc has repaid the 9,695,332 shares loaned to it from executive chairman and director James Knowles. The loan was in two tranches from November 2023 and February 2024.. FCM today issued the same number of shares to Mr Knowles. Following admission, the company will have 91,741,361 ordinary shares of £0.001 par value in issue, […]
Cora to raise $20m of new mandate-term sheet
Cora Gold Ltd aims to raise at least US$19.566 million comprised of equity and convertible loan notes to start developing its flagship Sanankoro project in southern Mali. TERM SHEET The funds are part of a mandate and term sheet for £30m with investor Lionhead Capital Advisors Proprietary Ltd, replacing one for $25m in September 2021. […]
Power Metal halves losses and increases projects
Power Metal Resources plc halved losses and increased its cash balance and projects in metal and mineral exploration across three continents. FINANCES The company’s portfolio includes precious, base and strategic metals in Africa, Australia and North America. In its audited financial results for the year ended 30 September 2021, the company reported loss after tax of […]
Sunrise returns high-grade gold at Baker’s
Sunrises Resources plc returned high-grade gold assay results from drilling at its Baker’s gold project in the Meekatharra District of the Murchison gold field, Western Australia. Five holes, drilled to depths of 110 to 200 metres for a total of 590m, aim to improve the project for sale or a joint venture, while the company […]