GreenRoc Strategic Materials plc has raised £735,000 via a 31.57% discounted placing and subscription for a total 56,538,462 new ordinary shares at 1.3 pence per share. DIRECTORS’ DEALINGS The fundraise comprises a placing of £500,000 from institutional investors, £165,000 from existing shareholders, £50,000 from its largest shareholder Alba Mineral Resources plc and £17,500 from directors […]
Tag: Alba Mineral Resources plc
Alba exercises Finnsbo rare earth option
Alba Mineral Resources plc has exercised the earn-in option to acquire the Finnsbo rare earth project in eastern Bergslagen in Uppland, eastern Sweden. INTEREST The completed transaction involves payment to the project owners of £7,500 in cash and £7,500 in 30,512,612 Alba shares. Following admission the company will have 10,941,721,949 ordinary shares in issue, with […]
Clogau blasting reveals visible sulphides-gold
Alba Mineral Resources plc reported “large” amounts of visible sulphide mineralisation in blasted rocks, indicating associated gold mineralisation, at its Clogau-St David’s gold mine. BULK SAMPLE The company has also noted visible gold within the blasted ore. Drilling and blasting at level 5 on the Llechfraith target continues round the clock, with a team of […]
GreenRoc signs MoU with Morrow
GreenRoc Strategic Materials plc has signed a memorandum of understanding to collaborate and develop graphite active anode material (AAM) for batteries with Norwegian company Morrow Batteries ASA. FOUNDATION The company said it had also started the process of establishing a Norwegian-registered subsidiary, NorGraph AS, focused on work related to production of AAM for batteries. GreenRoc, […]
Alba acquires Tanzania gold options
Alba Mineral Resources plc has acquired an option to earn into a portfolio of gold licences, including “near-term” production opportunities, in northern Tanzania. VALUE The move follows the company’s signing an option last week for the Finnsbo rare earth project in eastern Sweden. Alba said that the Tanzanian licences were in the same district as […]
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 […]