Red Rock Resources plc raised £535,840 before expenses by placing 376,028,070 new ordinary shares each of £0.0001 in the company at 0.1425 pence per placing share. USES Following admission, the company’s total issued share capital will consist of 1,958,538,069 ordinary shares, each with one voting right. Red Rock holds no shares in treasury. Net proceeds will fund the company’s […]
Tag: cobalt
Horizonte advances Araguaia ahead of production
Horizonte Minerals plc has advanced its Araguaia nickel project by completing the earthworks, 95% of detailed engineering and progressing electro-mechanical installations at the site in northeast Brazil. PREPARATIONS The company remains on schedule for production in Q1 2024 with 50% of the Araguaia Line 1 construction programme now complete, on budget, and 90% of the total capital […]
Corcel’s partner plans to buy 41% of Mambare
Corcel plc said that its partner Battery Metals Pty Ltd (BMA) intends to exercise its pre-emption rights to buy out the company’s 41% interest in the Mambare nickel-cobalt project in Papua New Guinea (PNG). LEGAL The move could hinder Corcel’s new joint venture Integrated Battery Metals (IBM) announced on 1 March to hold its PNG assets […]
Horizonte notes 365,000 share options exercise
Horizonte Minerals plc will admit 365,000 ordinary shares on AIM following the exercise by option holders. On issue of the new ordinary shares, the company’s issued share capital will comprise 268,778,906 ordinary shares, each with voting rights.
Corcel renews Wowo Gap cobalt-nickel licence
Corcel plc has renewed its exploration licence 1165 to February 2024 for its 100% owned WoWo Gap cobalt-nickel project in Papua New Guinea. DEVELOPMENT The asset is part of the company’s recently announced restructure into an Asian-based joint venture. Corcel said it had of late focused on meeting commitments for the licence, which lies 200km from […]
Corcel progresses PNG non-operating strategy
Corcel plc has restructured its nickel-cobalt assets in Papua New Guinea by signing a 50-50 joint venture (JV) deal to create a new carried vehicle. JOINT VENTURE JV partner Integrated Energy Metals (IEM) is a new American company whose website states is focused on building “a world class battery supply chain”. The companies will establish Integrated […]