Tungsten West plc is in discussions for additional funds after its revised plans failed to meet the $49 million loan terms from Orion Resource Partners for the Hemerdon tin-tungsten mine in Devon. FINANCES In its audited results for the year ended 31 March 2022, the company said that the agreed financing package through a royalty […]
Tag: metals and minerals
Power Metal sells Reitenbach uranium property
Power Metal Resources plc has conditionally sold its 100% owned Reitenbach uranium property east of the Athabasca Basin in Northern Saskatchewan, Canada. TEATHERS FINANCIAL Teathers Financial plc will buy Reitenbach which is one of Power Metal’s ten uranium properties. The investment company was incorporated in the UK on 1 March 1907 under its former name of CA Sperati […]
Tertiary sells Finnish gold royalty
Tertiary Minerals plc is to sell its royalty interests in the Kaaresselkä and Kiekerömaa gold projects in Finland for CAD$200,000 to Aurion Resources Ltd. USES The binding agreement will also see Tertiary become once more a shareholder in Aurion with the issue of 83,333 common shares in the Canadian company. Tertiary executive chairman Patrick Cheetham […]
Altona targets up to 56Mt TREO at Monte Muambe
Altona Rare Earths plc has estimated an exploration target of up to 56.6 million tonnes at up to 1.65% total rare earth oxide (TREO) at its rare earth element (REE) Monte Muambe project in Tete Province, northwest Mozambique. MRE AND PEA Altona said its estimate included 11.5 million tonnes at 2.41% TREO, corresponding to a “well […]
Anglesey issues 38% premium share options to PDMRs
Anglesey Mining plc granted a total of 10,900,000 share options to directors and employees at a premium of 38%. DIRECTORS The share options have an exercise price of £0.04, a premium to the closing share price of £0.029 on 3 August 2022. The vesting conditions comprise 25% each on the dates 31 March 2023, 30 […]
Tungsten West ex-CEO no longer subsidiary director
Co-founder and former chief executive of Tungsten West plc Max Denning is no longer a director of the company’s subsidiary Aggregates West Ltd. Companies House today published the change recorded on 2 August 2022. Mr Denning left Tungsten West on 19 July 2022.