Ormonde Mining plc has acquired a 20% interest in Sheffield-based Peak Nickel Ltd which has interests in “battery metal” mining prospects. PROGRAMME The company said its investment would enable a “fast-track initial work programme” aimed at identifying modern, code-compliant resources. Ormonde will pay £450,000 and is granted exclusive option either to invest up to a […]
Tag: nickel
FCM increases strike length and potential at West Pickle Lake
First Class Metals plc (FCM) reported an increase in strike length to more than 600m following assays at the company’s West Pickle Lake polymetallic project in Ontario, Canada. TRENDING STRUCTURE The company has previously reported high grade intercepts from assays of its 2022 drill programme. FCM today added that the increased strike length remained open […]
Horizonte submits environmental studies for Vermelho
Horizonte Minerals plc has submitted environmental studies for its 100%-owned Vermelho nickel-cobalt project in northeast Brazil. PRELIMINARY LICENCE The company completed the environmental and social impact assessment (EIA) and the associated Relatório de Impacto Ambiental (RIMA) for the Pará State Secretariat for Environment and Sustainability (SEMAS). Horizonte said it hoped to receive approval for the EIA/RIMA […]
Power Metal completes first drill hole at T1-3 in Molopo
Power Metal Resources plc has completed the first drill hole at target area T1-3 at its Molopo Farms Complex nickel and platinum group elements project in southwest Botswana. OPERATIONS Diamond drillhole DDH1-3A reached a depth of 450m while the first drill hole, DDH2-3A, into target area T2-3A has to date reached downhole depth of 129.4m. […]
Corcel raises £466,000 from private investor AUSPECT
Corcel plc raised £466,000 at a 95% premium to the current share price from private Australian investment company AUSPECT Investment PTY Ltd. AUSPECT was introduced by the company’s proposed director Mr Yan Zhao who is a non-executive director of Corcel’s proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). Corcel issued 116,500,000 new ordinary shares of £0.0001 […]
Caerus signs Saudi Arabia option
Caerus Mineral Resources plc has signed an exclusive option agreement to acquire EV Metals Group plc (EVM)’s 90%-owned metals and minerals subsidiary in Saudi Arabia. RIWAQ RIWAQ Al Mawarid for Mining is EVM’s special purpose vehicle focused on exploration, mining and processing of minerals and metals in Saudi Arabia. The subsidiary is developing a portfolio […]