Cornish Metals Inc announced it would conduct its first drill programme at its copper-tin project at United Downs, Cornwall. It will also undertake initial field work on other high priority exploration targets within transport distance of South Crofty. The Canadian miner will use funds raised for the operations from a private placing which raised £8.2 […]
Day: 15 November 2024
Cornish Metals narrows losses
Cornish Metals Inc ended its last financial year with a low cash balance but narrowed losses at its copper-tin projects in South Crofty and United Downs, Cornwall. In its financial results for the year ended 31 January 2021, the Canadian exploration and development company recorded a cash balance of CA$353,601 [£207,000] (31 Jan 2020: $1,305,253). […]
Cornish Lithium raises £1m via warrant exercises
Cornish Lithium Ltd today said it had received circa £1 million since the start of 2021 from warrant exercises.
Alba starts surface and underground drilling at Clogau gold mine
Alba Mineral Resources plc said it had started the second phase of underground diamond drilling programme and surface drilling at Clogau-St David’s gold mine, North Wales. SURFACE DRILLING On 12 April, Phase 2 of its surface drill programme began and will consist of eight to 10 holes for around 2,000m. The drilling is targeting the […]
Alba plans spin-out for Greenland assets
Alba Mineral Resources plc plans to create a spin-out focused on its mineral assets in Greenland. RATIONALE The company’s portfolio includes Amitsoq graphite, Thule Black Sands ilmenite, and Melville Bay iron ore. Alba is finishing preparations for 2021 summer drill programmes as it awaits lifting of travel restrictions due to Covid-19. The company ruled out […]
Helium One receives £70,499 via warrant exercise
Helium One Global Ltd has received £70,499.99 following notices to exercise warrants over a total of 2,482,394 ordinary shares (warrant shares). The warrant shares will rank pari passu with the existing ordinary shares. Following admission, the company’s issued share capital will consist of 612,426,256 ordinary shares with voting rights. Helium One holds no ordinary shares […]