Alba Mineral Resources plc reported “exceptionally high-grade sampling results” from No.4 level at the lower Llechfraith workings in Clogau-St David’s gold mine, north Wales. OPPORTUNITY The company said it was encouraged by the findings from refined composites of heavy mineral concentrates produced from processing more than 40 samples. From composite 1, recovery of gold weighed 3.1 […]
Day: 19 December 2024
i3 Energy secures new CA$75m credit
i3 Energy plc has re-financed its existing CA$57m loan with a CA$75 million reserve-based credit facility. VALIDATION The new senior secured credit with a Canadian chartered bank comprises a $55m revolving facility and a $20m operating loan. The agreement also see repayment of $57m, which is the outstanding balance of i3 Energy’s existing $75m loan […]
Power Metal signs Saudi Arabia earn-in
Power Metal Resources plc has signed a binding earn-in for 15 tenements, mainly prospective for lithium, in Saudi Arabia. JOINT VENTURE The deal is with Australian company EV Metals Group plc’s special purpose vehicle RIWAQ Al-Mawarid for Mining (RIWAQ). An option over RIWAQ was rejected in June 2023 by Critical Mineral Resources under its then […]