Tertiary Minerals plc has raised £100,000 from a broker option for qualified shareholders or other qualified investors. The broker option was at 0.17 pence per share through the issue of 58,823,529 new ordinary shares of 0.01 pence each, together with associated warrants. This brings the total amount raised this week under the placing and broker […]
Tag: metals and minerals
Altus amends Mali JV agreement
Altus Strategies plc has signed an amended joint venture and earn-in agreement (JVA) to cover a broader licence area and retain a 100% interest in the Lakanfla gold project in Mali. AGREEMENT The agreement with partner Marvel Gold replaces the original from June 2020. It now comprises the Tabakorole gold project (100km2) and two contiguous […]
Arkle to drill at Stonepark
Arkle Resources plc announced it was due to start a fully funded, six-hole drilling programme for 2,300m at its Stonepark zinc project in Limerick, Ireland. PROGRAMME The company’s 23.44% of the programme is €75,000, with operator Group Eleven Resources Corp. holding the remaining 76.56%. The programme will include drilling two holes (250m and 400m) to […]
Tertiary Minerals raises £500,000 through placing
Tertiary Minerals plc raised £500,000 before expenses through placing 294,117,647 new ordinary shares of 0.01 pence each at a price of 0.17 pence. PDMRs Directors of the company participated in an aggregate of £40,000 for 23,529,411 placing shares in support of the fundraising Proceeds will be used to fund drilling and exploration activities at the […]
Red Rock awarded further $2m over copper-cobalt JV
Red Rock Resources plc has been awarded an additional $2 million in damages with costs in its legal action over its copper-cobalt joint venture in the Democratic Republic of Congo. ENFORCEMENT On 14 January, the Commercial Court of Lubumbashi issued an executory judgment ordering Vumilia Pendeza SA (VUP) to pay the sum. This follows the earlier judgment […]
Oriole confirms extended mineralisation at Faré
Oriole Resources plc announced an extension of mineralisaton following results from the 2,148 metres reverse circulation (RC) drilling at the Faré prospect at the Senala gold project, Senegal. RESULTS The company’s joint venture partner and operator IAMGOLD Corporation, currently in Year 4, has the option to spend up to US$8 million to earn a 70% interest. Oriole said that […]