GreenRoc Mining plc said it had started Phase II drilling at its Amitsoq graphite project and outlined field work for the summer/autumn programme at the Thule Black Sands ilmenite project in Greenland. AMITSOQ The company added that planned drilling at Amitsoq in southern Greenland is targeting one of the highest grade graphite deposits in the […]
Tag: metals and minerals
Galantas begins production process at Cavanacaw
Galantas Gold Corporation said it had started the production process with long drilling in the first series of stopes at the Cavanacaw gold and silver project in Omagh, Northern Ireland. STOPES The Canadian company added that installation of the secondary egress from the 1,096 to 1,052 level was in the final stage of completion and […]
Tungsten West cuts HGV movements after opposition
Tungsten West plc said it would reduce proposed HGV movements per day by a third following public opposition to aspects of its plans to restart Hemerdon tin-tungsten mine in Devon. ORIGINAL PLANS In July 2021, Tungsten West received permission for a temporary increase of up to 150 transport movements per day from the mine site […]
UK opens first intelligence centre for critical minerals
The United Kingdom’s first centre designed to collect and analyse information on the supply of critical minerals opened today in Nottingham. CMIC The Government said that the Critical Minerals Intelligence Centre (CMIC) would improve the resilience of the county’s critical mineral supply chain by providing policymakers with “up-to-date data and analysis on supply, demand, and […]
Oriole to raise £400,000 via placing-subscriptions
Oriole Resources plc has conditionally raised £400,000 comprising an equity raise, directors’ subscriptions and a salary sacrifice scheme. FUNDRAISE The fundraise comprises £300,000 in a placing and £40,000 from subscriptions by certain directors through the issue of 188,888,888 new ordinary shares at the placing price of 0.18 pence per share, equal to a 14% discount. […]
Galantas raises $500,000 in warrant exercises
Galantas Gold Corporation received gross proceeds of CAD$503,600 after receiving notices to exercise by the company’s former president and chief executive. The early exercise of 920,000 warrants was at an exercise price of CAD$0.33 by G&F Phelps Ltd, a company wholly owned by Roland Phelps. The company received a further notice to exercise 500,000 warrants […]