Cornish Metals Inc said it had signed an additional mineral lease to extend its copper-tin exploration area at South Crofty in Cornwall. TERMS The agreement with Sir Ferrers Vyvyan of Trelowarren covers 222 hectares and is valid for 25 years. The Canadian company will pay an annual rent, plus a tin price-based sliding scale net […]
Tag: metals and minerals
Altus agrees extension for loan repayment with La Mancha
Altus Strategies plc said it had agreed with its largest shareholder La Mancha Fund SCSp (35.08%) to extend the repayment date of the acquisition loan. TERMS The mining royalty company added that the date had extended from 17 February 2022 to 30 June 2022. The annualised interest rate of the facility has increased from 9% […]
Galantas receives C$3.2m in early warrant exercise
Galantas Gold Corporation raised CAD$3,212,666 (£1,865,462) in the early exercise of 6,323,333 warrants at an exercise price of CAD$0.40, with an additional 1,708,333 warrants exercised by insiders, CEO Mario Stifano and Ocean Partners USA Inc. SHAREHOLDERS The early exercise of warrants was by shareholders including Michael Gentile, Melquart Ltd and Eric Sprott. A total of […]
Power Metal encouraged by inaugural drill at Haneti
Power Metal Resources plc said it was encouraged by the technical and geological success of its first diamond drill programme on the nickel-copper-cobalt-platinum group element Haneti project in central Tanzania. PROGRAMME The joint venture (JV) between Katoro Gold plc (65%) and Power Metal (35) drilled 900.04 metres across three holes. Operator Katoro has started core logging and […]
Power Metal receives £37,500 in warrant exercise
Power Metal Resources plc has raised £37,500 after receiving notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p.
Cadence completes 20% acquisition of Amapá
Cadence Minerals plc said it had completed all documentation to own 20% of the Amapa iron ore project in Brazil. AGREEMENT The documents relate to a settlement agreement between the company and its joint venture (JV) partner Indo Sino Pty Ltd with DEV Mineração S.A. and the secured bank creditors. Cadence added that the completion […]