GreenRoc Mining plc’s reported a rise in group losses with increased activities at its Amitsoq graphite and Thule Black Sands (TBS) ilmenite deposits in Greenland. FINANCES GreenRoc’s subsidiary companies include Obsidian Mining Ltd, White Eagle Resources Ltd and White Fox Resources Ltd. Alba Mineral Resources plc holds a 54% interest in the group. GreenRoc, incorporated […]
Tag: metals and minerals
Chesterfield to minimise dilutive capital raisings
Chesterfield Resources plc said it had completed the initial round of cost efficiencies to minimise the need for dilutive capital raisings. REDUCTIONS The company previously stated it hoped to source the capital from non-dilutive external sources for the development of its Adeline copper project in Labrador, Canada. Chesterfield today added it expected to reduce “ongoing […]
Chesterfield appoints Ajay Kejriwal as interim CEO
Chesterfield Resources plc has appointed chief financial officer Ajay Kejriwal as interim chief executive officer. Chesterfield said that he would continue as CFO and has agreed to a reduction in renumeration as he increases his responsibilities to the company. During the interim period, Chesterfield will focus on third party transactions following which it intends to […]
Arkle extends portfolio to Zimbabwe
Arkle Resources plc has expanded its exploration footprint with three lithium licences in Zimbabwe. ZIMBABWE Awarded in June, the “low-cost entry” prospecting licences cover 163 hectares in the Insiza District of the Matabeleland South Province. Chairman John Teeling described the acquisitions as a “toe-in-the-water exercise” by the company’s directors who have long experience in the country. CARRICKITTLE WEST […]
Galantas to raise C$4m via private placement
Galantas Gold Corporation said it aimed to raise CAD$4 million (£2.56m) through a private placement for its operations at Cavanacaw gold mine in Omagh, Northern Ireland. USES The Canadian company added it would use the net proceeds to explore and develop the Joshua target, working capital and general corporate purposes. TERMS Galantas has entered into […]
Altus shareholders approve Elemental merger
Altus Strategies plc said it had gained majority shareholder approval for its proposed merger with Elemental Royalties Corp. MAJORITY Once completed Elemental shareholders will own 52.9% and Altus shareholders 47.1% of the enlarged mining royalty company Elemental Altus Royalties Corp. Each company will nominate four directors to the board for a total of eight. The […]