Hummingbird Resources plc has been granted mining licences for the Kouroussa gold project in Guinea. MULTI-ASSET The licences have a 15-year renewable term with construction of the mine to start within a year. The company will pay an initial £10 million to Cassidy Gold Corp by issuing 35,248,441 new ordinary shares in Hummingbird, at 28.4 […]
Day: 15 November 2024
Critical Metals signs DRC copper-cobalt deal
Critical Metals plc said it had signed a non-binding heads of terms for the possible 57% acquisition of Molulu copper-cobalt project in the Democratic Republic of Congo. The mining investment company signed the deal with Madini Occidental Ltd (MO), which will hold a 70% beneficial interest in a Small Scale Mining Licence (Permis d’Exploitation de […]
Galantas Gold appoints Brendan Morris as COO
Galantas Gold Corporation has appointed Brendan Morris as chief operating officer in a non-board role. Mr Morris is a chartered mining engineer with more than 40 years of experience in mining and quarrying in Ireland, the United Kingdom, the United Arab Emirates and Canada. He has more than 25 years’ practical experience in management, in […]
Galantas raises £4.7m via private placement
Galantas Gold Corporation completed its private placement to raise a total of C$7,998,980 (£4.7m) to increase operations at Cavanacaw gold mine in Omagh, Northern Ireland. The placement resulted in the issuance of 26,663,264 units at a price of C$0.30 per unit. PARTIES Eric Sprott, through his company Ontario Ltd, acquired 6,333,333 units for C$1,900,000 representing 8.6% in […]
Altus granted new copper-tin-zinc licences in Morocco
Altus Strategies plc has been granted three new distinct base metal exploration projects as well as exploration licences adjacent to existing projects totalling 221 km2 in central Morocco. The projects, awarded to the company’s 100% owned subsidiary Aterian Resources Ltd, are considered highly prospective for copper, tin and zinc. Altus has now increased its Morocco portfolio […]