Cora Gold Ltd has signed a new US$25 million mandate and term sheet with investment firm, Lionhead Capital Advisors Proprietary Ltd, to develop the Sanankoro gold project in southern Mali. MINE ECONOMICS The agreement is conditional on, among other matters, the completion of a definitive feasibility study before the end of June 2022. The term […]
Tag: metals and minerals
Galantas Gold director James Golla retires
Galantas Gold Corporation announced that James I Golla has resigned from the board of directors, effective immediately. He had been as a director of the company since June 2001. “My resignation is a result of my decision to retire and does not take away my enthusiasm for the Omagh project, which I believe will become […]
Public inquiry begins over WCM coal mine plan
A public inquiry has started on West Cumbria Mining’s plans for a £160 million metallurgical coal mine under the seabed near Whitehaven off the coast of Cumbria. TIMELINE The inquiry follows a decision by the Secretary of State for Local Government, Housing and Communities Robert Jenrick to call in the application for Woodhouse Colliery despite […]
Power Metal sells Schreiber-Hemlo assets for £1m
Power Metal Resources plc has sold some of its 100% Schreiber-Hemlo interests in Ontario to First Class Metals Ltd (FCM). STRATEGIC UK minerals explorer FCM, seeking to list later in 2021, aim to prove and develop the potential of the Pezim blocks, Esa and Sugar Cube gold-base metal projects. FCM will pay £1 million through the issue of […]
Altus completes final closing on NSR for Caserones copper
Altus Strategies plc has completed the second and final closing to acquire 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine in the Atacama region of northern Chile. Altus is acquiring the NSR interest for US$34.1 million through a strategic 50:50 partnership with EMX Royalty Corporation. Altus and EMX have created […]
Tungsten West secures granite offtake deal
Tungsten West Ltd has secured an exclusive deal to sell granite from its Hemerdon tungsten-tin mine near Plympton in Devon. SIGNIFICANT The multi-million pound venture between the company’s subsidiary West Aggregates Ltd and GRS Group, involves secondary aggregate to be transported nationwide by sea and rail. GRS expects to distribute annually more than a million […]