Metals Exploration plc has issued 1,968,396 new ordinary shares, of £0.0001 each, following an exercise of options at £0.0492 per share for a total of £96,845. Following admission, the company’s total issued share capital will comprise 3,359,851,580 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury. The total voting rights number […]
Tag: metals and minerals
Arkadian to explore Jack Williams stope at Clogau
Arkadian Strategic Metals plc has completed a 12-metre underground vertical access route to investigate the Jack Williams stope exploration target at Clogau gold mine in North Wales. Ladders and intermediate access platforms, using existing mine workings, were installed to establish a staged route from the Tyn y Cornel level into the stope, which was identified […]
Tungsten West grants total 6.5m share options
Tungsten West plc has granted an aggregate 6,494,685 options over ordinary shares, of one pence each, to its senior management under the company’s long-term incentive plan. Chief operating officer Ronald Day received five million options, while other senior managers were separately granted options over 1,494,685 shares. Tungsten West’s shareholders approved the grant at a general […]
Tungsten West agrees proposed £71m for Hemerdon
Tungsten West plc has secured a proposed investment of up to £71 million of public money to restart the Hemerdon tungsten-tin mine in Devon. ‘World class, low cost and long-life resource in the UK’ The company said that the funds from the Government-owned National Wealth Fund completed the funding package for the project. Of the […]
Metals secures $27m for La India mining fleet
Metals Exploration plc has agreed a five-year US$27 million financing package for its fleet of mining equipment for La India gold project in Nicaragua. The company has drawn down an initial US$20.2m of the facility secured from the Banco de America Central S.A. and expects to use the balance of $6.8m as more equipment arrives […]
Tertiary discovers new copper zone at Mushima North
Tertiary Minerals plc has discovered a new shallow mineralised copper zone from preliminary analysis of its completed 4,000 metres reverse circulation drilling at Mushima North in Zambia. Named the Western Zone, the new zone lies around 900m west-southwest of the Discovery Zone, which has an exploration target of 15-30 million tonnes at 40-60 g/t silver […]