Metals & Minerals News

Power Metal agrees Paterson acquisition

Power Metal Resources plc has agreed to a 75% strategic interest in a UK special acquisition vehicle which will acquire outright copper-gold focused First Development Resources (Pty) Ltd (FDR Australia) in Western Australia. EXPLORATION VEHICLE FDR Australia’s interests lie in the Paterson Province in the eastern Pilbara region. In January 2021, Power Metal secured an […]

Metals & Minerals News

Alba’s Amitsoq graphite is suitable for lithium-ion batteries

Alba Mineral Resources plc announced that the graphite at its 90%-owned Amitsoq project in southern Greenland is acceptable for lithium-ion batteries (LIBs). Results of purification test work confirmed the suitability of Amitsoq graphite which can be floated to grades above 95%. Alba added that the particle size distribution was also suitable, the bulk density was […]

Metals & Minerals News

Galantas records zero revenues and slight fall in losses

Galantas Gold Corporation announced no revenues and a marginal reduction in losses from Cavancaw mine in Omagh, Northern Ireland. In its audited annual financial results for the year ended 31 December 2020, the Canadian miner reported net losses of CA$3,228,452 (2019: $3,564,609). Galantas had a working capital deficit of CA$7,710,084 (2019: $6,093,200).  Cash outflow from […]