Cadence Minerals plc’s joint venture (JV) partner has received approval for a A$140 million loan to fund construction of the Yangibana rare earths project, in the Gascoyne region of Western Australia. JOINT VENTURE Cadence owns 30% of three mining leases, six exploration licences and Australian company Hastings Technology Metals holds the remaining 70%. The JV areas are […]
Tag: metals and minerals
Hummingbird CEO buys 185,000 shares
Hummingbird Resources plc chief executive officer Daniel Betts has purchased 185,000 ordinary shares of 1 penny each in the capital of the company at a price of 13.2297p per share. Following the transaction, Mr Betts is beneficially interested in total 5,234,149 ordinary shares, representing 1.333% of the company’s currently issued share capital.
Cadence Minerals raises £4.1m
Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]
Altona prepares for Chambe drilling and ESGs
Altona Rare Earths plc said it had started preparations ahead of drilling in April 2022 at the Chambe project in Malawi. ESGs The company added it was also currently developing its community and environmental relations. Part of this will involve tree planting for which Altona and its local joint venture partner will plant 16,000 saplings, […]
Altona expects drill results for Monte Muambe
Altona Rare Earths plc said it expected results by the end of March 2022 from its Phase I exploration drilling at the Monte Muambe project in the Tete Province, northwest Mozambique. PHASE I The company completed 43 holes totaling 3,131m across six targets within the licence area in late November. Following preparation, the reverse circulation […]
Cora Gold on course to complete DFS for Sanankoro
Cora Gold Ltd said it was on course to complete the definitive feasibility study for its Sanankoro gold project in Southern Mali. OPERATIONS The company has completed on schedule all hydrogeological and geotechnical drilling, associated pump testing and geotechnical test pits. All field-based sampling work is now complete and final samples are being dispatched to the […]