Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]
Tag: Metals Exploration plc
Metals issues 4.5m new shares
Metals Exploration plc has issued an aggregate 4,516,766 new ordinary shares, following warrants and options exercises, and as incentives to its senior management. TVRs Exercises of 2,584,556 warrants over new ordinary shares of £0.0001 each, at £0.0605 each, and 750,000 ordinary shares options, at £0.0829 each, was for £156,365.64 and £62,175 respectively. The company also […]
Metals issues 14.5m new shares
Metals Exploration plc has issued 14,473,500 new ordinary shares of £0.0001 each, following exercise of options, each at an average price of £0.0445, for an aggregate £643,347. TVRs Following admission, the company will have 3,273,720,868 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury. The total voting rights number 2,974,335,410. Metals […]
Metals grants 12m share options to senior executives
Metals Exploration plc has granted 12 million share options to two senior executives, under its long-term incentive plan. TVRs In August 2024, shareholders granted the company’s directors authority to issue up to 15% of the its issued capital as LTIP options. The options have an exercise price of £0.0001 per ordinary share over a period […]
Metals issues 18.8m new shares
Metals Exploration plc has issued 18,815,760 new ordinary shares of £0.0001 each, following option exercises at an average exercise price of £0.0103 each, for a total £193,626.50. TVRs Following admission, the company will have 3,259,097,368 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury. The total number of voting rights is […]
Metals to begin 6,000m drilling at Manikbel
Metals Exploration plc plans to begin its delayed 6,000-metre drilling programme on the Manikbel prospect, in the South of the Abra gold tenement, in northern Philippines. MRE The company said it had wanted consultations with the local indigenous peoples before starting operations. Metals bought Abra in August 2024 through its purchase of the YMC Group. […]