First Class Metals plc (FCM) expects to hold the ‘core’ Sunbeam mine area claims in Ontario as the company prepares for its 2023 exploration programme. SUNBEAM FCM acquired Sunbeam in early 2022 and was awarded exploration permits to allow drilling. The property includes the historic high-grade underground Sunbeam gold mine which operated from 1898 to […]
Day: 15 November 2024
Hummingbird receives £15m investment
Hummingbird Resources plc has received a strategic two-tranche investment of US$15 million from African investment company CIG SA. USES The investment will help ensure the start of production by the end of Q2 2023 at the company’s second gold mine Kouroussa in Guinea, and help accelerate further exploration. “As we bring the development of our […]
Ormonde acquires 20% stake in Peak Nickel
Ormonde Mining plc has acquired a 20% interest in Sheffield-based Peak Nickel Ltd which has interests in “battery metal” mining prospects. PROGRAMME The company said its investment would enable a “fast-track initial work programme” aimed at identifying modern, code-compliant resources. Ormonde will pay £450,000 and is granted exclusive option either to invest up to a […]
Helium One appoints Lorna Blaisse as CEO
Helium One Global Ltd has appointed its principal geologist Lorna Blaisse as chief executive officer. She replaces David Minchin and, following completion of due diligence, will also be appointed as a director of the company. Ms Blaisse is an exploration geologist with more than 17 years’ experience in exploration and appraisal of oil and gas […]
Helium One CEO David Minchin steps down
Helium One Global Ltd’s chief executive officer David Minchin is stepping down from his post and the board with immediate effect to pursue other challenges. LEADERSHIP His replacement also with immediate effect is current principal geologist Lorna Blaisse. He will remain available to the company in the short term to ensure an orderly transition. “With […]