Cadence Minerals plc’s joint venture (JV) partner has received approval for a A$140 million loan to fund construction of the Yangibana rare earths project, in the Gascoyne region of Western Australia. JOINT VENTURE Cadence owns 30% of three mining leases, six exploration licences and Australian company Hastings Technology Metals holds the remaining 70%. The JV areas are […]
Finance
Cadence Minerals raises £4.1m
Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]
Red Rock receives £2,025 via options exercise
Red Rock Resources plc raised £2,025 after issuing 450,000 ordinary shares of £0.0001 each in the company. This is pursuant to the exercise of 2016 options into ordinary shares of the company at an exercise price of £0.0045 per ordinary share.
Galantas signs $1.06m loan with Ocean Partners
Galantas Gold Corporation has entered into a loan agreement for US$1.06 million (£800,000) with Ocean Partners UK Ltd for working capital and Cavanacaw gold mine in Omagh, Northern Ireland. TERMS Galantas said in a statement that the loan would carry an interest at an annual rate of 10% and is payable six months from the […]
Red Rock receives £25,515 in options exercise
Red Rock Resources plc received £25,515 in an options exercise after director Scott Kaintz sold 1,785,714 ordinary shares at a price of £0.00575 per share. OPTIONS EXERCISE On 20 January 2022, the board of directors approved the issuance of 5,670,000 ordinary shares of £0.0001 each in Red Rock, pursuant to the exercise of 2016 options […]
Helium One raises £7,520 through warrant exercise
Helium One Global Ltd has raised £7,521.17 after receiving notice to exercise warrants over a total of 211,864 ordinary shares at a price of 3.55 pence per share. The warrant shares will rank pari passu with the existing ordinary shares.