Cornish Lithium plc had this morning raised £3 million from existing shareholders in its latest crowdfunding campaign of up to £6.9m. The fundraise was today extended to the public. Money received will go towards the hard rock Trelavour project and the engineering design work to build a demonstration-scale geothermal waters extraction facility.
Day: 11 November 2024
Gold-in-soil anomalies support 8km Tati gold trend
Two new “significant” gold-in-soil anomalies support the previously identified 8km gold trend at the Tati project in Botswana, said project owner-operator Power Metal Resources. CHERISHED HOPE The company collected 280 infill geochemical soil samples at 40cm spacing within the northwest and southern grids in the southeastern quadrant of the licence. Sampling and independent analysis for […]
Sunrise in talks to develop CS natural pozzolan
Sunrise Resources plc is in talks to develop its CS natural pozzolan project while it awaits tests to start on a bulk sample from Hazen deposit in northern Nevada. TESTS Discussions to develop the more advanced CS natural project are with three companies. “One, a large cement and ready-mix group, has successfully completed an extensive […]
Capricorn swings to loss as revenue and production fall
Capricorn Energy plc swung to a loss with decreases in production and revenue in the first six months of the year. COSTS The company posted losses of £62.2m (H1 2022: profit £40.8m) while revenue from production fell to $98.3m ($137.4m). Loss on other continuing operations of $58.3m includes unsuccessful exploration costs of $16.4m and general […]
CMR major investor increases shareholding
Critical Mineral Resources plc (CMR)’s major investor Jason Cropper has increased his shareholding by acquiring 4,240,987 shares from Indo-European Mining PR Ltd. Indo is one of the two purchasers of CMR’s copper assets in Cyprus. Mr Cropper’s shareholding is now 12,046,987 ordinary shares, equal to 23.8% of the company’s 50,525,945 total voting rights, and 19.7% of […]
JOG marks ‘clear pathway’ to monetise GBA
Jersey Oil & Gas plc (JOG) said it had a clear pathway to its commercial future following the farm-out of its Greater Buchan Area licences. PREPARATIONS Interim six-month results to 30 June, show the company held approximately £5.6 million cash with no debt. Loss for the period, before and after tax, was approximately £2.9m (2022: […]