First Class Metals plc has been approved a maximum C$200,000 grant for work completed on the polymetallic Zigzag property in northwest Ontario. PIVOTAL The award from the Ontario junior exploration programme (OJEP) is the company’s second following the North Hemlo grant in March 2023. The money covers up to a maximum of 50% of exploration […]
Day: 7 November 2024
Hummingbird denies Kouroussa contractor claims
Hummingbird Resources plc has rejected accusations, including of money owed, from its mining contractor which has suspended operations at Kouroussa gold mine in Guinea. FAILURES The company said it disagreed with Corica Mining Services’ “highly misleading” public statement. “Specifically, the company disputes the accuracy of the balance quantum of monies due and the requirement for […]
United shareholders back ‘crucial’ £1m fundraise
United Oil & Gas plc has received its shareholders’ support for February’s £1 million discounted conditional fundraise via a placing. Voting remained open for three days until 18 March and the general meeting adjourned until today. United had warned that its future would be under threat if its investors refused to back the fundraise. The […]
Chesterfield appoints Kashif Afzal as chairman
Chesterfield Resources plc has appointed Kashif Afzal as executive chairman with immediate effect, among a series of board changes. My Afzal, the company’s third executive chairman in two years, replaces Paul Ensor who becomes a non-executive director. Chief financial officer Ajay Kejriwal ceases to hold an executive position but remains on the board as a […]
CRL increases exploration area with Duchy agreement
Cornwall Resources Ltd has increased its footprint fourfold in East Cornwall/Tamar Valley under a three-year exclusivity and prospecting agreement with The Duchy of Cornwall. MINING AREAS The company said that the deal was the first of its kind in modern times and aimed to advance “commercialisation of The Duchy’s mineral rights.” CRL will have exclusive […]