Metals Exploration plc has issued 868,410 new ordinary shares of £0.0001 each after an options exercise, at £0.0829 per each new ordinary share, for an aggregate £71,991. TVRs The company additionally announced that non-executive director Andrew Chubb has bought 331,453 ordinary shares, each at a price of £0.149. Mr Chubb’s now has an interest in 4,996,354 […]
Tag: Metals Exploration plc
Metals issues one million new shares
Metals Exploration plc has issued 1,033,818 new ordinary shares of £0.0001 each, following a warrants exercise at a price of £0.0605 each, for £62,546. TVRs On admission, the company will have 3,226,426,841 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury. Metal’s total number of voting rights is therefore 2,927,041,383. The […]
Metals on course to assemble La India plant
Metals Exploration plc has unloaded the Rock Creek gold processing plant at a port in Nicaragua, ahead of delivery to the La India gold project site. CONSTRUCTION The plant arrived ahead of schedule and the start of assembly is on course for October 2025. The company said that mine development earthworks, relating to the plant […]
Metals pauses Runruno due to cyanide pollution
Metals Exploration plc said that cynanide contamination has temporarily halted ore processing and production for six weeks at its Runruno gold mine in the Philippines. TUNNELS The company first thought that the contamination originated in water upstream of the mine from illegal mining activity. However, after draining and cleaning the BIOX circuit and inoculting new […]
Metals agrees land deal with artisanal miners
Metals Exploration plc has reached an agreement to acquire parcels of land mined by artisanal miners within the La India gold project area in Nicaragua. ENVIRONMENT The company began negotiations in January 2025 with the artisanal miners who were “occupying large portions of the mining area”. “These artisanal miners were legally mining in the area […]
Metals awarded Dupax VMS licence
Metals Exploration plc has been granted a 3,100 hectare exploration licence, hosting a volcanic massive sulphide target, over the Dupax project area in Northern Luzon, Philippines. DRILLING Tenement EP-000168 lies some 20 km southwest of Metals’ Runruno ore processing facility in Quezon, Nueva Vizcaya. An induced polarisation ground geophysics survey has already started over rock […]