Panther Metals plc has issued 59,000 new ordinary shares each at £1.025 to remaining convertible loan note holders for £60,987 CLNs, including interest and a 4.25% extension premium. Following admission, the company’s total issued share capital consists of 4,226,720 ordinary shares. Panther holds no ordinary shares in treasury.
Metals & Minerals
Ormonde-TRU positive on Golden Rose assays
Ormonde Mining plc’s investee has returned positive assays from exploration at the Golden Rose copper-gold project in the central Newfoundland gold belt, Canada. MODEL The company highlighted “significant” copper values from the Jacob’s and King George prospects, of up to 3.7% copper. Owner-operator TRU Precious Metals Corp, in which Ormonde owns 36.3%, also recorded anomalous values […]
Alba expands into Sweden with rare earth option
Alba MIneral Resources plc has signed an option for the Finnsbo rare earth project in the historic magnetite mining district of eastern Bergslagen in Uppland, eastern Sweden. VALUE The company said that most workings on Finnsbo were magnetite and copper artisanal pits from the Victorian era, the “most significant” being the Bredasen containing a cluster […]
Alba raises £300,000 via placing
Alba Mineral Resources plc has raised £300,000 by a placing of one billion new ordinary shares at 0.03 pence per ordinary share. USES Following admission, the company’s total ordinary shares in issue will number 10,736,939,266, with none held in treasury. Alba today also opened a separate retail offer at the same price per share to […]
Tertiary drill tests Mukai soil anomaly
Tertiary Minerals plc’s earn-in partner has started drilling to test beneath the large soil anomaly defined in 2023 at the Mukai copper project in Zambia. RESOURCE First Quantum Minerals Ltd received approvals from the Department of Forestry and the leadership of local tribal group the Musele Royal Establishment. Phase I, comprising up to six diamond […]
Conroy appoints John Sherman as chairman
Conroy Gold and Natural Resources plc appointed its deputy chairman John Sherman as chairman with immediate effect. DISCS OF GOLD His appointment follows the death last month of the company’s founder and executive chairman Richard Conroy. Mr Sherman is Professor Conroy’s son-in-law. Conroy has also named its licence area as the Discs of Gold project, […]