Cornish Metals Inc ended last year with a significant increase in cash despite nearly doubling losses at its copper-tin project in Cornwall. FINANCES The Canadian company published its annual results on the same day it announced that Sir Mick Davis‘s Vision Blue Resources Ltd will be the ‘controlling person’ with the completion of a £40 […]
Tag: metals and minerals
Horizonte publishes 2021 sustainability report
Horizonte Minerals plc has published its 2021 sustainability report prepared in accordance with the Global Reporting Initiative Standards ‘Core’ option for its nickel operations in Brazil. SAFETY The report is the company’s third and covers issues such as environment, safety, health and communities. Horizonte recorded no lives lost to Covid-19 or from injuries due to […]
Altus Strategies to sell 30.1% stake in Alpha 3 SPV
Altus Strategies plc plans to reorganise its Australia portfolio with the sale of a 30.1% interest in Alpha 3 SPV Ltd for $5,267,500 in order to expand its Africa assets. PROCEEDS Alpha 3 is incorporated in the United Arab Emirates and owns a portfolio of 23 mining royalties in Australia, acquired from Newcrest Mining Ltd. […]
Cornish Metals shareholders back VBR control for £40.5m
Cornish Metals Inc said its shareholders had accepted Vision Blue Resources Ltd (VBR) ownership of up to 43% to secure £40.5 million for the South Crofty tin-copper project. RESOLUTIONS The Canadian company added that the Secretary of State had confirmed no action would be taken under the UK National Security and Investment Act 2021 in […]
Horizonte breaks ground at Araguaia nickel project
Horizonte Minerals plc has started construction and broken ground at its flagship Araguaia nickel project in Brazil. TIME FRAME The company held a ceremony yesterday, 18 May, for the milestone marking the transition from development to the construction phase. Horizonte said that the tier 1 project had a 24-month construction time frame with Stage 1 […]
Power Metal becomes operator at Molopo
Power Metal Resources plc has conditionally acquired additional interest to become the operator of the nickel sulphide-platinum group metals project at Molopo Farms Complex in Botswana. RESTRUCTURE The company purchased a further 58.7% in Kalahari Key Mineral Exploration Pty Ltd which holds a 60% interest in the project. Power Metal will acquire a further 15,002 Kalahari Key […]