Cornish Metals Inc said it had conditionally raised £8 million through a placing and subscription of common shares with new and existing investors. The Canadian company added that an additional investment of approximately £206,000 was made through an offer to high-net investors. The total amount reached £8.2m (CA$14.37m). Cornish Metals announced last Friday (5 February) […]
Tag: UK mining
Alba tests reveal world class graphite flakes at Amitsoq
Alba Mineral Resources plc announced confirmation of very high graphite ore content, which was among the highest flake deposits in the world, at its drill-ready Amitsoq project in southern Greenland. The company said that results of independent test work programme on graphite material from the site also demonstrated that more than 96% graphite concentrate could […]
Galantas agrees Omagh gold blasting with PSNI
Galantas Gold Corporation announced its operating subsidiary had reached a formal agreement regarding blasting with the Police Service of Northern Ireland (PSNI) at its Omagh gold mine. The Canadian gold miner, which has a 100% interest in Omagh gold mine, said: “The agreement provides the potential for a materially improved economic arrangement for an expansion […]
RRAL expects to drill at Victoria gold fields in 2021
Red Rock Resources Australasia Pty Ltd (RRAL) said it expected exploration would confirm “significant mineralisation” ahead of drilling later this year at its new licences in the Victoria gold fields, Australia. The joint venture company, owned by Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), said it was fast tracking exploration efforts […]
Hummingbird sets out 2021 ES projects for Mali
Hummingbird Resources plc said it would continue to adhere to the World Gold Council (WGC)’s, Responsible Gold Mining Principles (RGMPs) as the company also outlined its Mali community projects for 2021. The junior gold miner added it would also look at its tailings facility and work practices to comply with environmental, social and governance (ESG) standards. […]
WCM coal mine could affect UK’s carbon budgets
Government approval for West Cumbria Mining (WCM)’s plans for a deep coal mine under the seabed off the Cumbrian coast could affect the UK’s legally binding carbon budgets. COP26 Climate change committee (CCC) chairman Lord Debden raised the concerns following government secretary Robert Jenrick’s decision in early January 2021 not to call in, or review, […]