Cornish Lithium (CLi) has raised more than £826,000 from shareholders, allowing it to continue exploration for lithium at United Downs mines in central Cornwall. The company is mining for lithium in geothermal waters and in hard rock, and funds raised will add to the successful drilling programmes that concluded earlier this year. CLi plans further phases […]
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Banks refused plans to extend Bradley coal mine
Banks Group’s application to extend Bradley West Mine in County Durham has been refused by the local council because of its impact on the environment. The company wanted to extend the open cast mine to extract an extra 90,000 tonnes of coal. Banks, which promised to restore the land by August 2021, said the extension […]
Galantas plans fundraise and loan facility increase
Galantas Gold Corporation has announced a proposed private placement of common shares and an increase to its loan facility for Cavanacaw gold mine near Omagh, Northern Ireland. The loan facility is with Ocean Partners UK and the Canadian miner intends to use the net proceeds of the placement to support mine operations and capital. The […]
Cuadrilla views fracking as still an option in the UK
The future of hydraulic fracturing – fracking – for gas exploration in the UK remains open, said Australian engineering firm AJ Lucas (Lucas). MORATORIUM As of February 2020, Lucas owned 97% of shares in British oil and gas exploration company Cuadrilla Resources operating in Lancashire. In 2019, the Government imposed a moratorium following a report […]
Dalradian faces public inquiry over £750m mine plans
Dalradian Gold will undergo a public inquiry over its proposals to open a £750 million gold-silver-copper mine in Curraghinalt, County Tyrone. SCRUTINY Backed by investor Orion Resource Partners, the American company aims to extract 3.5m oz of gold deposit, 15,000 tonnes of copper and 850,000 oz of silver deposit from the site. Dalradian applied for […]
Nant Helen coal mine licence refused for first time
A licence for the opencast coal mine in the Dulais Valley, Wales has for the first time been refused by the Welsh Government for the first time because of climate change. Celtic Energy, owner of the 850-acre site in Nant Helen, said it was shocked by the decision. The company employs 110 people, with 50 […]