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 […]
Tag: Metals Exploration plc
Metals processing plant sets sail for La India
Metals Exploration plc said that the Rock Creek processing and concentration plant had set sail one month ahead of schedule from Alaska for the La India gold project in Nicaragua. FIRST GOLD The disassembled plant departed Nome on 31 July and is due to dock in Nicaragua in mid-August 2025 and arrive by land at […]
Metals marks ‘record-breaking’ quarter
Metals Exploration plc has doubled its pre-tax cash and increased gold revenue from operations at the Runruno mine in the Philippines. DISCIPLINE The company’s unaudited results for Q2 2025 showed record pre-tax free cash flow of US$47.2 million compared with Q1 2025 of $23.5m. Record gold revenue totalled $70.5m ($48.4m) from a “strong, consistent operational […]
Metals issues 8m new shares
Metals Exploration plc has issued in aggregate 8,108,835 new ordinary shares of £0.0001 each by way of options and warrants exercises, for a total £487,806. TVRs A total of 1,161,555 warrants with an exercise price of £0.0605 each, raised £70,274 and options over 6,947,280 ordinary shares, with an average option price of £0.0602 each, for […]
Metals grants 10.6m share options
Metals Exploration plc has granted options over 10,600,000 new ordinary shares of £0.0001 each in the company to certain directors, under its 2024 long-term incentive plan. AWARDS The recipients are two shareholder-appointed directors who act in the same manner as the independent directors. Chairman Steven Smith was awarded 6.6 million options and non-executive director Rob […]
Metals issues 1.2m shares in warrants exercise
Metals Exploration plc has issued 1,233,818 new ordinary shares of £0.0001 each in a warrants exercise, at an exercise price of £0.0605 for £74,646. TVRs Following admission, the company will have 3,217,284,188 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury. The total number of voting rights is therefore 2,917,898,730. Metals […]