Horizonte Minerals plc reported a strengthened cash balance for its ferronickel operations in Araguaia, Brazil. In its unaudited financial results for the first quarter 2021, the miner held £26,331,015 million (Q1 2020: £16,993,664) following an £18m placing during February. Losses were recorded at £954,476 from continuing operations (Q1 2020: £41,522). The company said that multiple […]
Tag: critical minerals
Altona reaches total £599,000 from placing
Altona Rare Earths plc said it had now received the final placing funds of £57,500 from the placing closed in January, raising a total of £599,000 (before expenses) at 6.5 pence. As a result, a further 884,619 shares have been issued pursuant to the placing. In addition, Altona has also issued 493,207 shares to service […]
Critical Metals raises £20,000 through warrant exercise
Critical Metals plc has received £20,000 after receiving warrant exercise notices to subscribe for 200,000 new ordinary shares of £0.005 each in the company. The warrant shares were issued pursuant to the exercise of 200,000 warrants over ordinary shares at an exercise price of 10 pence per ordinary share.
Horizonte awards ESIA for Vermelho nickel-cobalt
Horizonte Minerals plc has awarded the environmental and social impact assessment (ESIA) contract to Ramboll for the company’s 100% owned nickel-cobalt Vermelho project in Brazil. The ESIA will form part of the process to obtain permits for Vermelho and is expected to lead to the award of the preliminary licence. The integrated ESIA will reflect […]
Power Metal raises £26,250 through warrant exercise
Power Metal Resources plc has received £26,250 after receiving notices to exercise warrants over 3,750,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 3,750,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each in […]
Alba’s Amitsoq graphite is suitable for lithium-ion batteries
Alba Mineral Resources plc announced that the graphite at its 90%-owned Amitsoq project in southern Greenland is acceptable for lithium-ion batteries (LIBs). Results of purification test work confirmed the suitability of Amitsoq graphite which can be floated to grades above 95%. Alba added that the particle size distribution was also suitable, the bulk density was […]