Chesterfield Resources plc has raised £700,000 by way of a placing and subscription of 10,000,000 new ordinary shares of 0.1 pence each at 7 pence per share. Each two placing shares will have one warrant attached, exercisable at 12p per ordinary share for the period of 24 months from the date of admission of the placing […]
Tag: metals and minerals
Chesterfield board member Peter Damouri to step down
Chesterfield Resources plc announced that Peter Damouri will step down from the board. The company said that Mr Damouri had accepted a senior executive function elsewhere. He invested £100,000 in Chesterfield in the latest funding round and will continue to be closely associated with the company as an advisor.
Hummingbird JV nears completion of Dugbe FS
Hummingbird Resources plc said that Pasofino Gold Ltd expects to complete the feasibility study (FS) in April 2022 for the Dugbe joint venture (JV) gold project in Liberia. GOLD RECOVERIES The FS confirms gold recoveries of between 85% and 91%, depending on whether carbon-in-leach (CIL) or CIL with flotation circuit is selected. Hummingbird added that […]
Power Metal mulls sale of Reitenbach at Athabasca
Power Metal Resources plc said it was reviewing strategies, including a sale, for its Reitenbach uranium property at Athabasca in northern Saskatchewan, Canada. STRATEGY The company has also recruited a uranium-focused team member to advance its interests. Reitenbach (146km2) is one of Power Metal’s seven 100% owned interests in its Athabasca portfolio covering a total […]
Oriole appoints Eileen Carr as non-executive chairman
Oriole Resources plc has appointed Eileen Carr to the board as non-executive chairman effective from 17 February 2022. She will replace John McGloin who is leaving to become chief executive officer of Diamond Fields Resources Inc. Ms Carr is a chartered certified accountant with more 30 years’ of experience in worldwide, large-scale mining operations. She was […]
Power Metal raises £25,000 in options exercise
Power Metal Resources plc raised £25,000 following notice to exercise options by a former director over 2,500,000 new ordinary shares of 0.1 pence each in the company. The option shares were exercised at a price of 1.0 pence per new ordinary share.