Horizonte Minerals plc announced credit approvals from five international financial institutions of up to US$346.2 million to fund the construction and development of its Araguaia ferro-nickel project in Brazil. TRANCHES The institutions are BNP Paribas Securities Corp; ING Capital LLC; Natixis, New York branch; Société Générale; and Swedish Export Credit Corporation. The syndicate is in […]
Tag: metals and minerals
Cadence could add copper to lithium interests
Cadence Minerals plc said it could have exposure to copper assets following Castillo Copper Ltd’s 90-day option agreement for lithium projects in which the investor holds interests. STRATEGY Cadence owns a 29% shareholding in Lithium Technologies Pty Ltd (LT) and Lithium Supplies Pty Ltd (LS) which signed the deal. Following due diligence, Castillo could acquire […]
Red Rock sells Jupiter holdings for £1.24 million
Red Rock Resources plc has raised $1.24 million after selling a substantial part of its remaining holding in manganese producer Jupiter Mines Ltd. CHANGES The company said it retained 5,870,693 shares in Jupiter which focuses on the Tshipi mine in South Africa. “We manage our investments actively and having formed the view that prospects in […]
First Class expands Hemlo North acreage
First Class Metals Ltd (FCM) has expanded its flagship Hemlo North gold-base metal project and begun a key technical study in the Hemlo – Harte region of Ontario, Canada. LISTING The company staked a further 15 new mining cell claims contiguous to the existing project, expanding the asset by 3.7% to 86.62km2. Other work at […]
Power Metal more than doubles uranium assets
Power Metal Resources plc said it was looking for more international uranium properties after more than doubling its land package within the Athabasca Basin in northern Saskatchewan, Canada. PROPERTIES Earlier in September, the company acquired its first uranium properties of Clearwater, Tait Hill and Soaring Bay which have all been expanded. Power Metal’s uranium portfolio now also includes […]
Power Metal encounters nickel enrichment at Molopo
Power Metal Resources plc said it had encountered nickel enrichment at Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. ASSAYS The results are from further assays received for hole KKME 1-6, the second of three holes at the project. Nickel enrichment was encountered throughout the entire 7m interval assayed as part of the batch, […]