European Green Metals Ltd (EGM) has been awarded a “highly prospective” three-year exploration licence covering several historic mining districts in the state of Saxony, Germany. FUNDING The Marienberg permit, covering 381km2 in southern Saxony, hosts several styles of mineralisation within the Marienberg-Pobershau, Annaberg-Buccholz and Seiffen mining districts. EGM said that the districts were mined, from […]
Tag: nickel
Horizonte appoints Fernando Marino as operations director
Horizonte Minerals plc has appointed Fernando Marino as operations director for the Araguaia nickel project in northeast Brazil. Mr Fernando has more than 35 years’ experience in the resources industry and a strong track record of increasing and operating mining operations in Brazil. He worked across a range of mining operations for Vale, including as […]
Two thirds construction completed of Araguaia Line I
Horizonte Minerals plc has completed 65% of the overall Araguaia Line I construction programme and 53% of the physical site ahead of first nickel targeted for early next year. PROGRESS Construction off-site of the 126km, 230kV transmission line is well advanced with more than 90% of the pylons erected and 42km of conductor cable installed, […]
Karelian begins exploration in Northern Ireland
Karelian Diamond Resources plc has begun an exploration programme on its three nickel-copper-platinum group metals licences in Northern Ireland. POTENTIAL The Dublin-based company, with diamond exploration assets in Finland, collected a series of stream sediment samples which have been sent to Canada for analysis. A total of 14, nine and 10 samples were taken from […]
Horizonte awards 2.4m share options
Horizonte Minerals plc awarded more than 2,435,035 ordinary share options of £0.20p each to key employees and senior executives under its unapproved 2006 share options scheme. DIRECTORS Each option has an exercise price of £1.70 per ordinary share, representing a premium of 10.4% the closing price on 12 July 2023 of £1.54. Chief executive officer Jeremy […]
FCM signs up to 80% earn-in for Pickle Lake
First Class Metals plc has signed an earn-in for up to 80% with OnGold Investment Corp for the Pickle Lake property in McGill township, Ontario. EXPLORATION The property, of 163 single cell mining claims over 3,455ha, lies north of FCM’s West Pickle Lake nickel-copper discovery and contiguous to its North Hemlo property and Palladium One’s […]