Tungsten West plc conditionally raised £2.8 million by adding a further tranche to its existing 2023 convertible loan notes. HEMERDON Certain existing CLN holders subscribed for tranche G in part A for £1.9 million and part B for £900,000. The company also proposes a “major” capital raise expected from the beginning of Q2 2025 which […]
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Metals improves La India production estimates
Metals Exploration plc said its initial estimates showed “significant improvements” to the previous bankable study for La India gold mine project in Nicaragua. ADVANCED Following a site visit last November and internal studies, the company has increased the 2022 figures for open pit mining to 2025 figures based on open pit / underground production. Annual […]
Hummingbird secures further loan
Hummingbird Resources plc has increased its debt with a US$5 million unsecured interest-free loan from its major investor CIG SA. Funds will be used to pay the first instalment to the Government of Mali, where the company owns the Yanfolila gold mine. The loan has a fixed $2.8mn royalty payable between 1 March 2025 and […]
Power Metal owns 43.2% of Guardian voting rights
Power Metal Resources plc reported holding 43.2% of voting rights in Nevada-focused Guardian Metal Resources plc. ASSETS A TR-1 standard form for notification of major holdings showed that the threshold was crossed on 9 January 2025. Power Metal now holds 53,998,159 voting rights having previously held none. Under its original name of Golden Metal, Guardian […]
GreenRoc receives financing interest for Amitsoq
GreenRoc Strategic Materials plc has received a non-binding letter of interest from the Danish national promotional bank and export credit agency to help fund the Amitsoq graphite project in South Greenland. CONSTRUCTION Potential financing from the Export and Investment Fund of Denmark (EIFO) would be used to buy equipment and services from suppliers including FLSmidth […]
Arkle JV completes drilling at Stonepark
Arkle Resources plc’s operating partner has completed the drilling programme, started in September 2024, at the Stonepark zinc project in Limerick. SHAREHOLDING Group Eleven Resources Corp drilled three holes for 1,372 metres across the southern part of the block, with analysis underway. The operations are part of a larger campaign mainly focused on the adjacent […]