Cadence Minerals plc said it had completed all documentation to own 20% of the Amapa iron ore project in Brazil. AGREEMENT The documents relate to a settlement agreement between the company and its joint venture (JV) partner Indo Sino Pty Ltd with DEV Mineração S.A. and the secured bank creditors. Cadence added that the completion […]
Month: November 2024
Altus grants share options to employees and PDMRs
Altus Strategies plc has granted share options for a total 3,425,000 ordinary shares of £0.05 each to certain directors, employees and consultants. SUMMARY The share options have exercise prices of £0.65 for 3,125,000 ordinary shares and £0.7315 for 300,000 ordinary shares. This represents an 11.1% and 25.0% premium respectively to the price of the ordinary […]
Anglesey Mining plans move to AIM
Anglesey Mining plc said it looked for greater flexibility and potential tax benefits for investors in its proposed move to the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). STRATEGY Anglesey also proposes cancelling admission of the company on the premium segment of the Official List and to trading on the LSE’s main […]
Cuadrilla to plug and abandon two shale gas wells in Lancashire
Cuadrilla Resources Holdings Ltd will plug and abandon two shale gas exploration wells in Lancashire but its parent company will retain all its licences in the UK. MORATORIUM Owners, Australian mining and infrastructure company AJ Lucas, said that the move was in compliance with Oil & Gas Authority (OGA) regulations. The project has been subject […]
Yanfolila drill assays could extend mine life
Hummingbird Resources plc said that the final results from its 48,000m drill programme showed a potential extension to the life of Yanfolila gold mine in Mali. CONFIDENCE The company analysed a further 12,000m of assays from the Sanioumale East (SE) deposit and 3,179m of assays from the initial drilling at greenfield deposit BBC. Results from 17,700m drilling completed […]
Helium One study returns good results from Tai wells
Helium One Global said study results showed good to excellent quality reservoir with very low clay content from Tai at the company’s Rukwa (100%) helium project in Tanzania. STUDY The quantitative evaluation of minerals by scanning electron microscopy (QEMSCAN) study was on drill cuttings collected from the Tai-1/-1A wells. QEMSCAN analysis by rock type provided […]