Tertiary Minerals plc has signed a “detailed, largely non-binding” term sheet for an earn-in and joint venture deal with a “well resourced” third party for the Konkola West copper project in Zambia. APPROVALS The project comprises exploration licence 27067-HQ-LEL, which covers 71.9km2 and lies 18km northwest of Chingola in the Central African copper belt. Tertiary […]
Finance
Cornish Lithium raises £5.1m via crowdfunding
Cornish Lithium plc has raised £5.1 million via crowdfunding for its projects in Cornwall. Funds will advance its Trelavour hard rock project and complete the engineering design work for a demonstration-scale geothermal waters extraction facility.
Chesterfield looks to UAE
Chesterfield Resources plc is considering new openings in the United Arab Emirates following the board resignation of 17.9% shareholder Polymetal International’s representative. JUNIPER INTERNATIONAL The move follows the pending sale of Chesterfield shares by Polymetal, represented by non-executive director (NED) Evgeny Vrublevskiy, to private investment holding and advisory company Juniper International FZ LLC. Chesterfield, which has […]
Ascent secures ATE insurance for €656.5m damages against Slovenia
Ascent Resources plc has secured after the event (ATE) insurance in relation to the €656.5 million Energy Charter Treaty damages claim over gas exploration against the Republic of Slovenia. PRE-EMPTIVE ACTION The company began its action after delays to and a dispute over the joint venture project within the Petišovci concession area. An ATE insurance […]
Scotgold review focuses on top down LHS mining
Scotgold Resources Ltd has outlined priorities identified from its continuing review of the revised mining plan and schedule for the Cononish gold-silver mine near Tyndrum. TOP-DOWN LHS The company, which still needs to pay debt interest, said that the mine plan and schedule until July 2025 focuses on transitioning to top-down long hole open stope […]
Helium One applies for 45m shares to trading
Helium One Global Ltd has applied for admission to trading 45,022,104 ordinary shares of no par value each in the capital of the company. The company said it would issue new ordinary shares “from time to time to satisfy certain options and warrants issued to the company’s directors, management, staff and other various stakeholders”. The […]