Altona Rare Earths plc today began trading on the main market of the London Stock Exchange. PROGRAMMES On admission, the company will have 82,403,199 ordinary shares in issue. Chief executive officer Cedric Simonet said that the move would significantly contribute to unlocking value in Altona’s flagship asset, Monte Muambe, and its strategy of becoming a rare earth […]
Month: November 2024
Hummingbird pours early first gold at Kouroussa
Hummingbird Resources plc poured first gold yesterday ahead of schedule at the Kouroussa gold mine in Guinea. PRODUCTION Kouroussa is a high-grade, low-cost mine and the company’s second operating gold asset, after Yanfolila in Mali, in West Africa. The company aims to increase operations at Kouroussa to commercial production during the second half of 2023. […]
Cornish Lithium progresses revised Trelavour resource
Cornish Lithium has progressed work in preparation for a resource definition for its Trelavour hard rock project in Cornwall. FEASIBILITY STUDY The project is at the former kaolin pit near St Austell where lithium is present in mica minerals within the granite. The stability of the pit walls to reduce the risk of land slips […]
FCM starts 2023 exploration in Ontario
First Class Metals plc reported progress in exploration activities for its 2023 field season at five of its metals projects in northwest Ontario, Canada. SAMPLING In Zigzag, the company conducted an initial reconnaissance trip under cover of snow to appraise access, returning lithium grades of up to 1.00% and tantalum (Ta) up to 198 ppm. A […]
Reabold extends options expiry date for Colle Santo
Reabold Resources plc has verbally agreed a second extension to the options expiry date regarding its conditional acquisition in the Colle Santo gas field, onshore Italy. OPTIONS In May, the company initially bought 32 shares in LNEnergy which holds an option over a 90% interest in the field. A conditional shareholder option agreement is with […]
Hurricane Energy completes sale to Prax
Hurricane Energy plc’s sale to Prax Exploration & Production Ltd has been approved by a court order and is now complete. COMPANY MOVES Admission to trading of Hurricane shares on AIM will be cancelled with effect from 7am tomorrow, 9 June 2023. Hurricane directors have resigned while former executive directors chief executive officer Antony Maris […]