Corcel plc said its proposed off-take partner had asked the company to move to a binding agreement for supplies from the Mambare and Wowo Gap nickel-cobalt projects in Papua New Guinea. DIRECT SHIPPING In January 2022, the company signed a non-binding memorandum of understanding (MOU) with Shandong New Powder Cosmo AM&T (NPC). A representative of […]
Tag: metals and minerals
Cadence looks to future value after losses
Cadence Minerals plc swung to a loss during 2021 but said its assets, particularly iron ore and lithium, would perform well in the future. FINANCES In its annual results for the year ended 31 December 2021, the company reported a loss of £0.14m (2020: £7.82m profit) due to reduced realised and unrealised profits and losses for […]
Power Metal receives £4,934 via warrant exercise
Power Metal Resources plc raised £4,934 after receiving notice to exercise warrants over 657,895 new ordinary shares of 0.1 pence each in the company. This was at an exercise price of 0.75p per warrant share.
Ormonde looks to Africa-Europe projects
Ormonde Mining plc said it was reviewing a range of new opportunities for base and precious metals, battery metals and precious stones in Africa and Europe. TRANSITION The company made the announcement in its final results for the year ended 31 December 2021 which showed a total comprehensive loss of €1.6 million, including €400,000 asset […]
Scotgold receives £2m in second tranche loan
Scotgold Resources Ltd said it had received the second tranche of the new loans of £2.015 million for Cononish gold and silver mine near Tyndrum in Scotland. LOAN The sum is from a loan procurement agreement with Fern Wealth GmbH from a syndicate of high-net-worth investors for up to £3m. Scotgold added it anticipated to […]
Kavango-Power Metal start fourth Ditau drill hole
Kavango Resources plc said it had completed the third diamond drill hole on the i1 target and started drilling the next target at the Ditau Camp joint venture (JV) rare earth element (REE)-base metal project in southwest Botswana. DITAU CAMP The 50-50 JV, under the name of Kanye Resources, is between Kavango as the operator […]