Altona Rare Earths plc has applied for 25-year mining licence for its majority owned Monte Muambe project in northwest Mozambique. PIVOTAL The company acquired the project in June 2021 and currently holds 51%. Altona has so far drilled more than 7,800m, and defined an inaugural JORC mineral resource estimate of 13.6 million tons at 2.42% total […]
Month: November 2024
Power Metal uranium subsidiary raises £421,500
Power Metal Resources plc uranium-focused subsidiary has completed a pre-IPO financing of £421,500 for its planned listing during the first half of 2024. EXPECTATIONS Teathers Financial plc, to be renamed as Uranium Energy Exploration plc (UEE), raised the funds at 1.241135p per Teathers new ordinary share. It conditionally acquired the Reitenbach and E-12 Uranium properties in 2022 […]
Kavango COO Brett Grist acquires 1.4m shares
Kavango Resources plc chief operating officer Brett Grist has bought 1,353,179 ordinary shares each at 0.739p in the company. The £10,000 purchase was made on 12 December 2023.
Reabold requisitioned meeting set for January 2024
Reabold Resources plc’s shareholders will vote whether to remove and replace the board members at a requisitioned general meeting on 10 January 2024. Pershing Nominees Ltd, which owns approximately 7.79% of the company’s issued share capital on behalf of 13 beneficial shareholders, requested the meeting.
Reabold restarts share buyback from Victory proceeds
Reabold Resources plc has restarted its share buyback programme using new net proceeds from the sale of the Victory gas field to Shell. CAPITAL In October 2022 the company said it intended to begin the programme and return £4 million excess cash to shareholders on receipt of £9.5 million of deferred net sale proceeds from […]
Golden Metal assays increase Garfield potential
Golden Metal Resources plc reported greater than expected copper-silver-gold mineralisation from overlimit assay testing at Garfield within the Walker Lane mineral belt in Nevada. SIGNIFICANT Following last week’s preliminary results from ground exploration, overlimit samples were reanalysed using higher-grade threshold assay methods. Results of 11 of 32 samples returned greater than 1% calculated copper equivalent (CuEq) including 23.92% CuEq (2.37% Cu, […]