Tungsten West plc has raised £2 million by adding an additional tranche to the existing 2023 convertible loan notes to progress work at the Hemerdon mine in Devon. FINANCING Tranche F is on substantially the same terms as tranches A, B, C, D and E of the CLNs. The company said that July’s tranche E […]
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Panther awards drill contract for Dotted Lake
Panther Metals plc has awarded the contract for phase I diamond drilling and access trail logistics at Dotted Lake, on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. CAMPAIGN The company said that Platinum Diamond Drilling Inc was mobilising to the site as part of drill pad and access preparation work. The […]
Helium One approved for new Colorado wells
Helium One Global Ltd’s farm-in project has received approval for five new proposed helium development well locations at the Galactica-Pegasus project in Las Animas County, Colorado, USA. PORTFOLIO Australian owner Blue Star Helium’s planned locations comprise Jackson-27 SWSE, Jackson-31 SENW, Jackson-29 SWNW, Jackson-2 L4 and Jackson-4 L4. Drilling is expected to begin this quarter subject to receipt […]
Oriole to increase interest in Bibemi and Mbe
Oriole Resources plc has signed a non-binding heads of agreement to increase its interests to 90% in the Bibemi and Mbe gold licences in Cameroon. RESTRUCTURE The agreements will see the company buy its local partners’ interests in each licence for US$39,000 and $100,000 respectively. The local partners will hold a net smelter return royalty […]
Cornish Metals secures £7m for South Crofty
Cornish Metals Inc. has entered into a non-dilutive £7 million (US$9.1m) secured credit facility with its 25.95% shareholder Vision Blue Resources Ltd for the South Crofty tin project. DISCUSSIONS The facility, with a term until 31 March 2025 and carrying 15% interest per annum, will be used for general operating and corporate purposes. Chief executive […]
Tertiary completes Mushima North drill
Tertiary Minerals plc has completed its inaugural drill at the Mushima North copper project in Zambia. REMOTE Started in September, the programme aimed to test the A1 and C1 coincident copper, zinc and arsenic soil anomalies defined by soil sampling in 2023. A total 25 air core / reverse circulation holes were drilled to a […]