Alba Mineral Resources has raised £1,300,000, before expenses, through the issue of 472,727,272 new ordinary shares at a price of 0.275 pence per ordinary share. The proceeds were raised at a price four times higher than the price of money raised last month. Funding will now go towards Alba’s diversified portfolio including including surface drilling […]
Metals & Minerals
Power Metal signs 50% Botswana SJV with Kavango
Power Metal Resources plc has acquired a 50% interest in a 2,680 km2 strategic joint venture (SJV) portfolio of base and strategic metal project in Botswana. The acquisition involves four Botswana prospecting licences previously 100% owned by Kavango Resources, and forms a new SJV between the companies. Two prospecting licences for copper–silver cover 1,294.2km2 in […]
Alba finds new gold targets at Clogau-St David’s
Alba Mineral Resources plc aims to extend drilling after it identified ten separate gold targets and several new regional targets at Clogau-St David’s gold mine in North Wales. The junior miner has rehabilitated the mine in Dolgellau and is looking for extensions to previously worked gold veins. The mine has never been subjected to modern […]
UDDGP geothermal lithium find is ‘globally significant’
The United Downs Deep Geothermal Power (UDDGP) project has found some of the world’s highest grades of lithium and best overall qualities from preliminary sampling in deep geothermal waters in Cornwall. Further sampling is planned before work begins on designing and building a lithium extraction pilot plant. The project, involving Cornish Lithium in collaboration with […]
Tungsten West aims to start drilling and raise £5m
Tungsten West hopes to start drilling at its tin-tungsten mine in Devon next week as it looks to raise £5 million with a private placement. The mining company will also begin selling the 700,000 tonnes of aggregates already stockpiled on the surface within the next few weeks. The company is currently rebuilding the existing plant […]
Cornish Metals finds deeper high-grade tin in South Crofty
Cornish Metals reported an unexpectedly high-grade intersection of 2.19% tin more than 100 metres below any historic mining at South Crofty mine in Cornwall. Cornish Metals said the results reflected the mine’s potential and the possible discovery of “economic structures” in areas of the mine not previously considered. The company contrasted the findings with the […]