Alba Mineral Resources plc has raised £500,000 before expenses through the issue of 500 million new ordinary shares at a price of 0.1 pence per ordinary share. Each subscriber in the discounted placing will receive one warrant for every two subscribed shares, for a total of 250 million warrants. The warrants will have an exercise price of 0.2 pence per share and […]
Tag: metals and minerals
Altona secures £150,000 loan for Monte Muambe
Altona Rare Earths plc has secured a £150,000 loan to complete its 2022 programme and assay costs for its Monte Muambe project in northwest Mozambique. MRE The company will draw down the short-term loan facility from Align Research Investments Ltd in two tranches during November at a fixed interest rate of 15%. “In order to […]
GreenRoc tests confirm Amitsoq graphite suitable for EV batteries
GreenRoc Mining plc’s latest test programme confirmed that its Amitsoq graphite is suitable for refining into spherical graphite used to manufacture electric vehicle (EV) batteries. SPHERICAL GRAPHITE Spherical graphite is used in the production of the anode material in EV batteries. “The anode sector is the fastest growing market for graphite and the ability to […]
Tertiary sampling shows multiple copper soil anomalies at Jacks
Tertiary Minerals plc reported multiple copper soil anomalies from preliminary sampling results at its Jacks copper project in Zambia. JACKS The prospect lies within exploration licence 27069-HQ-LEL, covering 141.4 km2,and located 85km south of Luanshya. DRILL TESTING In September, the company began the detailed soil sampling programme which it completed on schedule and on budget. […]
WCM plans for coal mine delayed for third time
West Cumbria Mining Ltd must wait still longer for a decision on its plans for a coking coal mine under the Irish Sea, off the coast of Cumbria. TIMELINE The Government, which called in the application in 2021 after twice refusing to do so and prompting a public inquiry, has so far postponed its final […]
Chesterfield progresses sale of Adeline
Chesterfield Resources plc said it was making progress “on all fronts” in the conditional sale of its 100% interest in the Adeline copper licences in the Labrador region of eastern Canada. AGREEMENT The company purchased the assets from Altius Minerals in May 2021 before increasing the licence area the following month. In October 2022, Chesterfield […]