Caerus Mineral Resources plc has signed an exclusive option agreement to acquire EV Metals Group plc (EVM)’s 90%-owned metals and minerals subsidiary in Saudi Arabia. RIWAQ RIWAQ Al Mawarid for Mining is EVM’s special purpose vehicle focused on exploration, mining and processing of minerals and metals in Saudi Arabia. The subsidiary is developing a portfolio […]
Month: November 2024
Predator tackles logistic delays ahead of drilling MOU-2
Predator Oil & Gas Holdings plc said that competition for transport had delayed the spud date for the MOU-2 well at its Guercif gas licence onshore northern Morocco. TRANSPORT The company, which has nearly completed pre-drilling procurement and delivery, had expected to start drilling in mid-December. “Some remaining well inventory was delayed as a result […]
First Class Metals receives £17,250 from warrant exercise
First Class Metals plc received £17,250 following notice to exercise warrants over 160,000 ordinary shares. On admission, the company’s issued share capital will comprise 68,733,707 ordinary shares with voting rights.
Tertiary prepares for exploration after losses double
Tertiary Minerals plc reported £1 million losses including the impairment for the Pyramid project as the company looks to further exploration next year in the USA and Zambia. FINANCES The company holds early stage assets in Zambia where it completed its first full year of exploration, and Nevada in the USA as well as legacy […]
Oriole’s orogenic gold MRE is ‘first’ for Cameroon
Oriole Resources plc reported an inaugural inferred JORC mineral resource estimate (MRE) of 305,000 Troy ounces grading 2.19 g/t gold for Bakassi Zone 1 at Bibemi in Cameroon. EXPLORATION Forge International Ltd compiled the revised resource and exploration target at Bakassi Zone 1, one of four prospects at Oriole’s 90%-owned project. Oriole said that the […]
FCM signs exclusive earn-in for Ontario lithium
First Class Metals plc (FCM) has signed an exclusive agreement for a lithium earn-in project in northwest Ontario, Canada. PROJECT The company has 60 days exclusivity on a “highly prospective, strategically located project”. The deal, covered by an non-disclosure agreement, is for a project less than 100km from Armstrong and in a district “proved to […]