Power Metal Resources has raised £52,500 after receiving notices to exercise warrants over 7,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Month: November 2024
Red Rock progresses Kenya gold exploration
Red Rock Resources plc has progressed exploration drilling at its gold licence interests in southwest Kenya. WESTERN LICENCE The company holds a 75% direct interest in Mid Migori Mining Company Ltd which controls a 723 koz JORC gold resource within two exploration licences in the Migori greenstone belt. The asset comprises the Mikei resource with […]
Rockhopper signs Falklands deal with Navitas
Rockhopper Exploration plc has signed detailed heads of terms for Harbour Energy plc to exit the Falklands Islands and for Navitas Petroleum LP to farm-in. PARTNERS Harbour will sell its interests leaving Rockhopper with 35% and Navitas 65% compared with 30% each previously. Rockhopper and Navitas, the planned operator, will align working interests across their Falkland […]
New structure for Red Rock-Power Metal JV in Victoria
Red Rock Resources plc and Power Metal Resources plc announced a new business structure ahead of a drill programme in their Victoria gold fields joint venture, Australia. ADDITIONAL LICENCE Red Rock has exchanged shares in its JV Red Rock Australasia Pty Ltd for 50.1% of the newly formed New Ballarat Gold Corporation (NBGC) plc. Power […]
Tertiary notes further high grade Pyramid sample results
Tertiary Minerals plc announced that results from recent surface sampling and mapping continued to return high grades at its Pyramid silver-gold project in Nevada, USA. RESULTS The company collected most of the new samples over a wide area along the recently established zone of silver mineralisation at North Ruth which has a strike length of […]
Hummingbird partner raises up to $5.5m for Dugbe
Hummingbird Resources plc’s earn-in partner Pasofino Gold Ltd has raised up to US$5.5 million, including $4.5m from Turkish miner ESAN, for the Dugbe gold project in Liberia. DFS Pasofino’s non-brokered private placement of its common shares will allow the company to complete the definitive feasibility study due during Q2 2022. Today’s news follows a revised […]