Horizonte Minerals plc could sell its Araguaia nickel project in northeast Brazil, resulting in a loss for shareholders, after full funding talks failed. NICKEL MARKET The company added it had been unable to secure interest in the full financing needed, citing investors concerns over the nickel market. Horizonte’s options now include raising financing at the […]
Month: November 2024
Kavango results strengthen Hillside gold potential
Kavango Resources plc said first drill results underlined the potential for a million ounces gold at its Hillside prospect 4 in Matabeleland, southern Zimbabwe. VISIBLE Scoping hole SKDD001, drilled to 247.40m, targeted mineralisation in a steeply dipping shear zone below artisanal workings. The company said that the hole intersected the targeted shear zone being worked […]
GreenRoc receives $3.5m LoI
GreenRoc Mining plc said it had received a letter of intent for up to US$3.5 million from the Export-Import Bank of the United States. APPLICATION Valid until 14 April 2025, the LoI shows the US EXIM Bank’s willingness to consider financing GreenRoc for US export contracts relating to goods and services ordered by the company. […]
Corcel raises £1.3m via premium placing
Corcel plc has raised £1,299,750 via a 37% premium placing, including an investment from one of its directors, cornerstone shareholder Extraction Srl and other institutional investors. USES The company issued 259,950,000 new ordinary shares of £0.0001 at a price of £0.005 per share with one-for-one warrants at £0.01 per share, valid for 24 months. Extraction […]
Karelian results indicate Kuhmo diamond potential
Karelian Diamond Resources plc said it had indications of the likely source of its green diamond discovery and the potential of the Kuhmo licence in Finland. DEEP MANTLE Electron microprobe analysis results of 60 Kimberlitic garnets, taken from till samples up-ice of the discovery, point to the presence of a “diamond stability field”. The presence […]
Predator prioritises revaluation of assets
Predator Oil & Gas Holdings plc said its main priority in 2024 would be to re-set the valuation of its gas assets “through means other than the intra-day share price”. PRUDENT Executive chairman Paul Griffiths added that the company would focus on “entities that understood the true value of natural resources in [the] oil and […]