Arkle Resources plc has raised £215,000 before expenses through a placing of 61,428,571 new ordinary shares each at a price of 0.35p. DIRECTORS’ DEALINGS Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.35p for a period of two years. Chairman John Teeling subscribed for 28,571,429 […]
Month: November 2024
Cadence asks to meet Mexican Government over Sonora lithium
Cadence Minerals plc has asked to meet the Mexican Government over the as yet unverified revocation of its Sonora lithium mining concessions and “related acts and omissions by Mexico”. BILATERAL INVESTMENT TREATY The concessions include those granted to Mexilit S.A. de CV and Minera Megalit S.A. de CV, in which Cadence holds a 30% stake […]
Kavango completes acquisition of new Botswana licences
Kavango Resources plc has completed its transaction for a 90% interest in six additional prospecting licences in Botswana’s Kalahari copper belt (KCB). TARGETS Signed in September, the deal results in the company holding an extensive single contiguous project area in the KCB covering 7,629km2. The new acquisitions lie adjacent to Kavango’s South Ghanzi licence block […]
FCM extends Sunbeam gold property
First Class Metals plc has expanded its Sunbeam gold property in northwest Ontario after encouraging initial results from channel sampling. DISTRICT SCALE The property, one of 10 held by the company, comprises the Sunbeam, Pettigrew and Roy mines. FCM is advancing towards drill ready status and retains an option to buy the historic Sunbeam mine. […]
Capricorn receives tax notice for Sangomar sale
Capricorn Energy plc said it would defend its position against tax notice relating to a product sharing contract over the Sangomar oil field, offshore Senegal. TRANSFER In 2020 Woodside Energy acquired the entire interest in the project belonging to the company, then known as Cairn Energy. Woodside received notice from the Senegalese Tax Authority that […]
Red Rock to export 200 tons lithium ore from Zimbabwe
Red Rock Resources plc said it had prepared 200 tons of lithium ore for export from its operations in Zimbabwe. BUSINESS GROWTH The first truck has left Harare for the port of Beira in Mozambique destined for a buyer and destination unnamed by the company. “We are now beginning to export lithium ore from Zimbabwe and […]