Anglesey Mining plc has met its target fundraise of £1 million by placing 64,999,993 ordinary shares and a subscription of 1,666,666 ordinary shares at a price of 1.5 pence per share. DIRECTORS Chairman John Kearney subscribed for circa 1.7m shares for £25,000 taking his total holding to c.3m shares; chief executive Jonathan Battershill, 1.3m shares […]
Tag: Anglesey Mining plc
Anglesey targets £1m for Parys-Grängesberg fundraise
Anglesey Mining plc aims to raise approximately £1 million via a proposed placing of new ordinary shares of £0.01 each in the company to certain institutional and other investors. TERMS The placing shares are at a 28.57% discount of 1.5p pence per share to the closing price of 2.10 pence per ordinary share on 15 […]
Anglesey Mining prepares EIA for Parys
Anglesey Mining plc expects to submit an environmental impact assessment (EIA) and revise existing permissions for its Parys Mountain copper-zinc-lead-gold-silver project. LEGISLATION Changes in the Town & Country Planning Act and environmental legislation have been made since the company received approval for several existing planning permissions, valid until 2028. To gain consents for the former […]
Anglesey Mining revises MRE for Parys
Anglesey Mining plc reported a revised mineral resource estimate (MRE) with the inclusion of the first measured resource for Parys Mountain. CATEGORIES The company’s revised estimates for the White Rock and Engine zones are based on 10 additional drill holes completed in 2022 and a detailed review of previous geological interpretations. Measured resources include […]
Anglesey completes further 29.8% stake in Grängesberg
Anglesey Mining plc has completed the acquisition of an additional 29.8% of Grängesberg Iron AB (GIAB), which owns the Grängesberg iron ore project in Sweden. The company will now issue 14,544,827 new ordinary shares of 1 pence each in the company at an issue price of 3 pence per share to GIAB founders, Roslagen Resources […]
Anglesey increases stake in Grängesberg to 49.75%
Anglesey Mining plc has increased its stake from 19.95% to 49.75% in the owners of the Grängesberg iron ore project in Sweden. GRÄNGESBERG Private Swedish firm Grängesberg Iron AB (GIAB), founded by Roslagen Resources AB, owns the project which lies 10km to the southwest of Ludvika in Dalarna County, central Sweden, within the Bergslagen mining […]