Kavango Resources plc has raised £3,085,366 by issuing 257,113,862 new ordinary shares in the capital of the company at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. DIRECTORS The company’s major shareholder Purebond Ltd, which subscribed for 221,213,862 new ordinary shares, underwrote the accelerated bookbuild. Purebond’s previous May 2023 investment in […]
Tag: Power Metal Resources plc
Power Metal intersects Molopo superconductor
Power Metal Resources plc has intersected the targeted steeply dipping geophysical superconductor at Molopo Farms Complex, southwest Botswana. ANALYSIS The company is targeting a district-scale nickel and platinum group element (PGE) discovery at the project. Diamond drilling on DDH1-14C began in February and has now completed to a final depth of 832.6 metres at the high priority […]
Power Metal begins trading on OTCQB Venture Market
Power Metal Resources plc will today begin trading its ordinary shares of 2 pence each on the OTCQB Venture Market in the United States. The company will continue to make announcements and disclosures to the London Stock Exchange. Chief executive Sean Wade said that Power Metal had “significant” interest in its shares from North American investors. “We see this as […]
FCM in talks to sell certain Ontario assets
First Class Metals plc has started discussions on a possible sale of certain of its core and non-core properties in northern Ontario. VALUE Talks with Southport-based Seventy Ninth Resources Ltd, part of asset manager Seventy Ninth Group, aim to establish a commercial heads of terms. Seventy Ninth Resources has since 2011 focused on potential gold […]
Power Metal reduces 2.2bn shares to 100m
Power Metal Resources plc has reduced the number of its shares in issue from 2.2 billion to 100m after receiving approval at yesterday’s general meeting. Shareholders voted 80.05% in favour and 19.95% against to consolidate every 20 ordinary shares of 0.1p each in issue into one new ordinary share of 2p each. Following admission, Power […]
Power Metal signs Saudi Arabia earn-in with EVM
Power Metal Resources plc has signed its first major agreement in Saudi Arabia with a binding earn-in for 15 tenements, mainly prospective for lithium, with an Australian subsidiary. JOINT VENTURE The deal is with EV Metals Group plc (EVM)’s special purpose vehicle RIWAQ Al-Mawarid for Mining (RIWAQ). An option over RIWAQ was rejected in June […]