Fulcrum Metals plc has appointed non-executive director Mitchell Smith as independent non-executive chairman. His predecessor acting as interim, Alan Mooney, resumes his original 2023 role of independent non-executive director. “I would also like to take this opportunity to thank Alan for taking on the role of interim chairman, and I am delighted that he has […]
Metals & Minerals
Hummingbird to cease trading
Hummingbird Resources plc will cancel its shares from trading after its major creditor Nioko Resources Corporation secured 75% or more of the company’s issued ordinary share capital. The move follows Hummingbird’s increasing debt, challenges at the Yanfolila gold mine in southern Mali, and delays at Kouroussa in Guinea which placed “significant strain” on its balance […]
Guardian issues 149,925 shares
Guardian Metal Resources plc has issued 149,925 new ordinary shares of 1 pence each via a warrant exercise at a price of 17p per warrant share. The company, focused on tungsten, lithium and base and precious metals exploration in Nevada, received £25,487.25 in return. Following admission, Guardian’s issued share capital will comprise 126,422,612 ordinary shares of […]
Metals finds new target to process at Runruno
Metals Exploration plc has identified a potential exploration target, which it previously relinquished, that could extend the life of ore processing at Runruno in the Philippines. PERMITS The company said that the gold mine’s processing plant could be redesigned to take any ore from the site, called Dupax, to process into a saleable mixed metal […]
Red Rock issues 53.6m shares for cash advances
Red Rock Resources plc has issued in aggregate 53,571,428 shares and an equal number of accompanying warrants to convert cash advances. A total 28,571,428 new ordinary shares of 0.01 pence each at a subscription price of 0.035 pence per share, with 28,571,428 warrants, are to convert a £10,000 advance from an existing shareholder. The warrants are […]
Guardian finds Cu-Mo mineralisation at Pilot
Guardian Metal Resources plc has confirmed copper-molybdenum mineralisation at surface within the Porphyry South target at the Pilot Mountain tungsten project in Nevada, USA. QUALITY Following November 2024 results of “elevated copper” from widely spaced sampling, highlighting a possible “copper-rich shell” within the target, the company undertook more comprehensive sampling. Results identified “significant” copper and […]