Power Metal Resources plc has agreed a three-month extension to signing the 49% earn-in agreement for the Qatan copper-nickel exploration licence in southern Saudi Arabia. AGREEMENT The December 2024 letter of intent for a binding agreement with Al Masane Al Kobra (AMAK) Mining Company was for Power Metal to spend US$3 million for the earn-in. Power Metal […]
Tag: earn-in
Tertiary nears 3,000m in Konkola West drillhole
Tertiary Minerals plc’s earn-in partner is approaching the deeper-than-planned drill depth of 3,000 metres in the first hole at the Konkola West copper project in Zambia. GROUND-BREAKING The company said that operator KoBold Metals Company had drilled past 2,600m in hole KWDD001 and was drilling in the Kitwe Formation, which forms the upper part of […]
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 […]
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 […]
Helium One completes Galactica-Pegasus deal
Helium One Global Ltd has completed its farm-in agreement for the Galactica-Pegasus project in Las Animas County, Colorado, USA. DIVERSIFY The company will earn a 50% interest by paying $1.5 million cash to operator Blue Star Helium, which discovered the field in 2022, and funding the drilling of six development wells. Operations are expected to start during […]