Power Metal Resources has staked additional ground and started Phase 1 work programme on prospective uranium areas surrounding the Athabasca Basin in northern Saskatchewan, Canada. HISTORIC DATA The company also reported that compilation data for the Tait Hill property demonstrated uranium mineralisation on the property and extending outside of the previous property boundary. Compilation of data for the Clearwater property […]
Tag: metals and minerals
Strategic Minerals raises £400,000 via directors’ dealings
Strategic Minerals plc has raised £400,000 before expenses by way of a placing and subscription of 106,666,667 new ordinary shares of 0.1p each at a price of 0.375p per share. DIRECTORS DEALINGS Peter Wale (executive director) and John Peters (managing director) have each agreed to subscribe for 4 million placing shares pursuant to the placing. […]
Power Metal raises £40,000 with warrant exercise
Power Metal Resources plc has raised £40,000 after receiving notices to exercise warrants over 4,000,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 4,000,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the company.
Kanye JV adds base metals to REEs exploration at Ditau
Kanye Resources Pty Ltd joint venture (JV) said it had increased its exploration scope by adding base metals to rare earth elements at its project in Ditau, Botswana. PROGRAMME The 50-50 JV comprises operator Kavango Resources plc and Power Metal Resources plc with exploration costs equally shared. Kavango said it had accelerated drilling on I10 […]
Cora Gold ends Zone B drill results on a high note
Cora Gold Ltd said the final set of results included some of the best to date from its largest ever 40,000m+ drill campaign in Zone B at its Sanankoro gold project in southern Mali. RESULTS The fourteenth set of results include: 17m @ 17.13g/t Au from 89m in hole SC0561 19m @ 6.14 g/t Au from […]
Altona agrees 51% acquisition of Chambe
Altona Rare Earths plc has entered into an agreement to acquire an initial 51% interest in the Chambe rare earths project in Malawi. CHAMBE LICENCE The news follows the start of exploration diamond drilling of four holes and reverse circulation drilling of 35 holes for total 3,000m across six targets at the company’s other project […]