Altona Rare Earths plc has signed an memorandum of understanding for up to a 70% earn-in of the Monte Muambe rare earths project in northwest Mozambique. OPEN PIT Altona, which also has rare earth interests in southeast Uganda and southern Malawi, signed the MoU with Ussokoti Investimetos Limitada to start a legal and technical due […]
Tag: metals and minerals
Oriole completes one third drilling at Bibemi
Oriole Resources plc announced it was now a third of the way through its planned diamond drilling programme at the Bibemi gold project in Cameroon. The company will drill 3,080 metres for 28 holes, with a total of 967.50m completed to date in nine holes, BBDD001 to BBDD009. The programme is testing the depth extension […]
Altus raises £7.7m via placing-subscription
Altus Strategies plc has conditionally raised £7.7 million via an “oversubscribed” placing and subscription of 10,266,668 new ordinary shares at an issue price of £0.75 per share. The company said the fundraising had attracted existing and new institutional, family offices and private investors with strategic investor La Mancha subscribing for 35.43%. Altus chief executive and […]
Oriole welcomes funding for Hodine gold exploration
Oriole Resources plc announced that further funding has been agreed for its gold project interest in the Hodine exploration licence, southeast Egypt. AGREEMENT The licence hosts the Anbat and Hutite projects which have “substantial” gold resources. The company holds a 24.92% interest in Thani Stratex Resources Ltd (TSR) which, through its local subsidiary Thani Dubai […]
Power Metal accelerates Silver Peak earn-in
Power Metal said it was accelerating its earn-in and forming a new company for the Silver Peak project, which includes the Eureka-Victoria silver mine, in British Columbia, Canada. The junior miner retains its 30% interest through the new Canadian company, which will hold a 100% interest in the property, and its partners hold the remaining […]
Condor acquires $6.5m SAG mill
Condor Gold plc is to buy a $6.5 million (£4.67m) complete new semi-autogenenuous mill (SAG mill) package for its La India gold project in Nicaragua. The junior miner has avoided a 12-month wait for the design and manufacture of the equipment by buying the SAG mill from Canadian company First Majestic Silver Corp. The La […]