Kavango Resources plc has secured strategic financing of £10,277,868 comprising a placing and convertible loan notes. LISTING The placing of 938,028,569 new ordinary shares of £0.001 each at 0.7 pence per share will raise £6,566,200, subject to a Financial Conduct Authority approved prospectus and shareholders. The company’s deputy chairman Peter Wynter Bee has additionally agreed […]
Metals & Minerals
EGT positive on final drill results from Olserum
European Green Transition plc reported positive results from the final five drill holes at the Olserum rare earth element project in Sweden. TARGETS The company, which previously confirmed the district-scale potential of its licence, has intersected mineralisation in all 13 drill holes. Recent results are for three holes at Djupedal prospect and two holes from […]
Fulcrum increases gold recoveries at Sylvanite
Fulcrum Metals plc has increased gold recoveries by up to an “exceptional” 63% for phase I at the Sylvanite gold tailings project in Kirkland Lake, Ontario. POTENTIAL A significant reduction in leach times of up to 94% was also recorded. The company is testing Extrakt Process Solutions LLC’s processing non-toxic technology through a four-phase programme. The […]
FCM secures proposed £2m investment
First Class Metals plc has secured a proposed £2.18 million investment for a 51.2% ownership via a shares subscription from Seventy Ninth Group Ltd. SUPPORTIVE The two-stage subscription will be for a total 128,500,000 ordinary shares of £0.001 at 1.7p per share. The two stages comprise 78,552,084 and 49,947,916 shares respectively, subject to shareholder approval. […]
Condor issues 100,000 shares via options exercise
Condor Gold plc has issued to a non-executive director 100,000 new ordinary shares with a nominal value of £0.001 each, following notice of the exercise of 2019 options. John Ian Stalker paid the exercise price of 22p for each new ordinary share, totalling £22,000 for the company. In conjunction with Promaco Consulting Services Ltd, owned […]
Fulcrum issues 240,000 shares for fees
Fulcrum Metals plc issued 240,000 ordinary shares of 1 pence each in the company to a service provider in lieu of cash payment. Following admission, the company’s issued share capital will consist of 61,825,943 ordinary shares with voting rights. Fulcrum holds no ordinary shares in treasury. The company is advancing two tailings processing projects, Teck-Hughes and Sylvanite, in […]