Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
Tag: copper
WGE completes C$1.2m fundraise
Western Gold Exploration plc said it had completed its previously announced non-brokered private placement for C$1,243,580 via a private placement. The company issued 17,765,428 common shares each at a price of C$0.07. Monaco-based Zila Corporation, which held 14.07% of WGE’s issued and outstanding common shares, acquired 4,285,714 shares for C$300,000. The investor now holds 11,334,388 […]
Karelian encouraged by Irish licences’ potential
Karelian Diamond Resources plc said that potential for nickel, copper and platinum group elements had been confirmed on its Northern Ireland licences. SIMILARITIES The company added that the confirmation, in a report by Dr Larry Hulbert, followed the October 2023 discovery of indicator minerals for the metals during stream sediment sampling. The report noted similarities […]
Chesterfield agrees sale date for Adeline
Chesterfield Resources plc has reached a deal to complete the sale of the Adeline copper project in Labrador, eastern Canada. OPPORTUNITIES Under the original March 2023 agreement, Sterling Metals will acquire Adeline in exchange for a combination of cash and shares in Sterling. Part payment was issued to Chesterfield in 2023 with the balance due […]
Golden Metal begins largest geophysics
Golden Metal Resources plc has started its largest geophysics programme to date before drill targeting at the Garfield copper-gold-silver and Pilot Mountain tungsten-garnet projects in Nevada, USA. STRATEGY In May, the company confirmed new anomalies at Garfield and expanded the licensed area while also beginning a 2,000-metre drilling campaign in the Desert Scheelite zone at Pilot. Golden […]
Tertiary to begin soil sampling at Mupala
Tertiary Minerals plc will this week begin exploration at the Mupala copper project located on the west side of the Kabompo Dome in the Northwest Province of Zambia. MOMENTUM Exploration licence 32139-HQ-LEL, covering 41.2 km2, is 100% owned by the company’s 96% owned subsidiary, Tertiary Minerals (Zambia) Ltd. Geological and exploration contractor, Geo-Junction Consulting Ltd, […]