Sunrise Resources plc said it had granted Tolsa S.A. an exclusive option to buy for US$1.25 million in cash the company’s 100% owned Pioche sepiolite project in Nevada, USA. PIOCHE The project lies near the historic mining town of Pioche in Lincoln County, Nevada. Sunrise added that the agreement followed “encouraging results” of testwork carried […]
Month: November 2024
Red Rock signs new Haut-Katanga JV
Red Rock Resources plc announced a new cobalt joint venture (JV) in Haut-Katanga, the Democratic Republic of Congo (DRC). JOINT VENTURE The company’s subsidiary Red Rock Resources Congo SAU (RRRC) entered into an agreement with the Société d’Investissement Minier Akon et Sodimico S.A. (Simaks). The deal will see Red Rock acquire 58% in the Kimono […]
Cora Gold retains Lionhead support for Sanankoro
Cora Gold Ltd said that its lead investor would continue its support even if the company missed the deadline for a definitive feasibility study (DFS) at the Sanankoro gold project in southern Mali. LIONHEAD In September 2021, Lionhead Capital Advisors Proprietary Ltd and Cora entered a US$25m mandate and term sheet to fund the development […]
Cadence on course for inaugural Amapá MRE and PFS
Cadence Minerals plc reported that contractors have visited their engineering areas ahead of a pre-feasibility study (PFS) for the Amapa iron ore project in Brazil. ORE RESERVE Wardell Armstrong International were also on-site as part of its role in the publication of the PFS. Focus has also continued on environmental permitting, compliance with Brazilian legislation […]
Cadence completes sale of Australian lithium assets
Cadence Minerals plc has completed the A$21.05 million (£12.08m) sale of its 31.5% stake in Lithium Technologies and Lithium Supplies (LT and LS) to Evergreen Pty Ltd. TRANSACTION Cadence received an initial AS$3.16m (£1.81m) in Evergreen shares and, subject to Evergreen achieving performance benchmarks, will receive in total A$6.63m (£3.8m) Evergreen will spend a minimum of A$4m over […]
Sunrise CS natural pozzolan conditionally approved
Sunrise Resources plc said that its CS Natural Pozzolan had received conditional approval for use in California state’s infrastructure projects. TESTING After passing California Department of Transport (Caltrans) own compliance testing, CS Natural Pozzolan is now listed on the state’s approved materials for cementitious materials for use in Concrete1. Caltrans awards state-funded infrastructure construction projects […]