Tungsten West plc conditionally raised £2.8 million by adding a further tranche to its existing 2023 convertible loan notes. HEMERDON Certain existing CLN holders subscribed for tranche G in part A for £1.9 million and part B for £900,000. The company also proposes a “major” capital raise expected from the beginning of Q2 2025 which […]
Day: 16 January 2025
Metals improves La India production estimates
Metals Exploration plc said its initial estimates showed “significant improvements” to the previous bankable study for La India gold mine project in Nicaragua. ADVANCED Following a site visit last November and internal studies, the company has increased the 2022 figures for open pit mining to 2025 figures based on open pit / underground production. Annual […]
Hummingbird secures further loan
Hummingbird Resources plc has increased its debt with a US$5 million unsecured interest-free loan from its major investor CIG SA. Funds will be used to pay the first instalment to the Government of Mali, where the company owns the Yanfolila gold mine. The loan has a fixed $2.8mn royalty payable between 1 March 2025 and […]
Power Metal owns 43.2% of Guardian voting rights
Power Metal Resources plc reported holding 43.2% of voting rights in Nevada-focused Guardian Metal Resources plc. ASSETS A TR-1 standard form for notification of major holdings showed that the threshold was crossed on 9 January 2025. Power Metal now holds 53,998,159 voting rights having previously held none. Under its original name of Golden Metal, Guardian […]