British Lithium said it had filed two more patents for the production of high purity lithium carbonate and lithium hydroxide at the company’s pilot plant in Cornwall. RESEARCH The company has for five years researched the “most sustainable and economic process” to recover lithium from the unconventional lithium mica granites found across northern Europe. Since […]
Tag: metals and minerals
Oriole raises £600,000 via discounted placing
Oriole Resources plc has conditionally raised £600,000 in a placing, including £32,000 as subscriptions by certain directors. DIRECTORS’ DEALINGS The company announced on 28 October, that it will issue in aggregate 500,000,000 new ordinary shares, each at 0.12 pence. The placing price is equal to a 27% discount to the 14-day volume weighted average price […]
Alba submits new dewatering application
Alba Mineral Resources plc said it had submitted a new permit application to dewater the Llechfraith shaft and associated workings at its 100% owned Clogau-St David’s gold project in North Wales. RENEWED APPLICATIONS The company also submitted renewed applications for a water discharge permit and a European Protected Species licence for the proposed dewatering exercise […]
Power Metal notes Golconda anomalous mineralisation
Power Metal Resources plc noted identification of three zones of strongly anomalous arsenic and gold mineralisation at the Golconda Summit property in Nevada, USA. PRIORITY The company’s 83.13% owned subsidiary Golden Metal Resources plc made the discovery from historical dataset of a high-resolution geochemical soil survey covering the whole project. Rock sample assays results from […]
US sanctions ‘unlikely’ to affect Condor
Condor Gold plc today said that the United States’ sanctions imposed on the Nicaraguan General Directorate of Mines were unlikely to have any impact on the company’s current operations at La India. SANCTIONS On 24 October, the US Treasury Department extended its existing sanctions “to hold the Ortega-Murillo regime accountable for its continued attacks on […]
Kavango raises £3.5m via placing and subscriptions
Kavango Resources plc has raised £3.5 million from issuing a total 194.4 million new ordinary shares in two phases including to new strategic investor Arigo Capital Ltd (Rwanda). FIRST FUNDRAISE On 24 October, the company raised £3m by issuing 166,666,660 new ordinary shares each at 1.8 pence. The shares were conditionally placed with institutional and […]