Power Metal Resources plc said it had received subscription monies of £101,500 following notices to exercise warrants over 13,150,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 7,150,000 warrants at an exercise price of 1.0 pence per ordinary share of […]
Tag: extractive industries
Condor drills Cacao Vein for more resource at La India
Condor Gold plc said it had started a 5,000-metre diamond drill programme on the Cacao Vein to prove the potential increase in mineral resource at La India gold project in Nicaragua. Cacao is located 4km from the planned processing plant at the company’s fully permitted La India mine. Condor said that the vein was a […]
Power Metal identifies new visible sulphides at Molopo
Power Metal Resources said it had identified additional visible sulphides as the company awaits test results from its nickel sulphide and platinum group metals project (PGM) in Molopo Farms Complex (MFC), Botswana. The metal mining company added that that up to 14 new targets in order of priority for ground exploration work have also been […]
Northern Lithium to explore Weardale granite
Northern Lithium Ltd has secured the rights to explore and extract lithium across 185km2 from hot saline brines within the granite in Weardale, County Durham. EXTRACTION The new natural resource company, based in Wolsingham, said it had entered into definitive mineral rights agreements for lithium and other minerals in underground hot saline brines. If successful, […]
Power Metal raises £88,962 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £88,962 following notices to exercise warrants over 8,896,200 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,896,200 warrants at an exercise price of 1.0 pence per ordinary share of […]
Oriole identifies first priority CLP gold targets
Oriole Resources plc said that an independent desktop remote sensing study had identified 12 initial priority gold targets at its 3,592km2 Central Licence Package, central Cameroon. OROGENIC The company, which owns 90% of the district-scale site, plans to start regional mapping and stream sediment sampling during the first half of 2021. Oriole said that seven of […]