Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]
Tag: metals and minerals
Power Metal receives £31,579 via warrant share
Power Metal Resources plc has raised £31,579 after an exercise of warrants. The company received a notice to exercise warrants over 4,210,526 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share.
Power Metal fails to find economic nickel at Haneti
Power Metal Resources plc has failed to find economically significant intersections of nickel from drilling results at the Haneti project in central Tanzania. LITHIUM The company said it was planning advanced targeting and re-engagement with potential partners. The joint venture, between Power Metal (35%) and operator Kotoro Gold (65%), includes the new Babayu lithium prospect, 40km southwest […]
Altus finds high grade gold prospects on Egypt licences
Altus Strategies plc said it had discovered multiple high grade gold prospects from reconnaissance sampling across all four of the company’s projects in the Eastern Desert, Egypt. ADDITIONAL LICENCES The company added it had been awarded two further gold exploration licences, totalling 349 km2, taking the aggregate holdings in Egypt to 1,914 km2. Altus’s 100% […]
Cora posts some ‘best’ 2022 results for Sanankoro
Cora Gold Ltd said it had received some of its best results of 2022 from its Sanankoro project in southern Mali. The company added it had also “substantially completed” the component parts of the definitive feasibility study (DFS). RESULTS Final reverse circulation (RC) drilling returns from the 2022 drill programme include 12m @ 7.61 g/t […]
Caerus appoints Christopher Lambert as chairman
Caerus Mineral Resources plc has appointed Christopher Lambert as executive chairman, among a series of board changes. Mr Lambert has a background in financial services and commodity trading in London. He also has extensive experience in non-executive and executive chairman roles for public companies, and of asset identification and acquisition in the natural resources sector. […]