Metals & Minerals News

FCM signs Kerrs gold earn-in agreement

First Class Metals plc has signed the earn-in agreement for the Kerrs gold project in the Larder Lake mining division, northeastern Ontario. APPEALING The property, located in the Timmins mining camp, holds a historic resource estimate of 386,467 oz gold over 36 units across 665 hectares. FCM has begun a comprehensive historical data review with results […]

Metals & Minerals News

FCM signs 30-day exclusive deal for Kerrs gold

First Class Metals plc has signed a 30-day exclusivity agreement for a 100% earn-in to the Kerrs gold property in the Larder Lake mining division, northeastern Ontario. STRATEGIC The company, currently finalising commercial terms with the Canadian vendor, said that the project held a “historic resource estimate of 386,467oz gold as per the NI-43-101 standard”. If the […]

Finance Metals & Minerals News

FCM raises £166,500 via chairman’s placing shares loan

First Class Metals plc has raised £166,500 via a private placing of 3.7 million ordinary shares of 0.1p each, at a price of 4.5p. The placing price is a 10% premium to the middle market price of ordinary shares at the close of business on 21 February 2024. Having insufficient headroom to issue and admit […]

Finance Metals & Minerals News

Red Rock granted second gold licence in Côte d’Ivoire

Red Rock Resources plc has been granted a second gold licence, for an initial four years, in Côte d’Ivoire. YAMOUSSOUKRO Covering 380.94km2 in the departments of Yamoussoukro and others, the licence is one of · the company’s four applications totalling 1,404.86km2 south of the capital Yamoussoukro. The project lies 245km north of Abidjan, 10km northwest of […]

Metals & Minerals News

Hummingbird notes 2m shares purchase

Hummingbird Resources plc reported purchases of 2,150,000 ordinary shares including those by directors of the company. INTERESTS Chief executive Dan Betts bought 500,000 shares at 5.9 pence per share and finance director Thomas Hill purchased 150,000 shares each at 3.2 pence. Non-executive director Stephen Betts purchased one million shares each at 5.9 pence, and his […]

Metals & Minerals News

Sunrise agrees Jackson’s Wash perlite lease-option

Sunrise Resources plc has agreed a lease and purchase option for its 25 Jackson’s Wash perlite mining claims in Nevada, USA. STRATEGY The company’s subsidiary SR Minerals Inc. signed the agreement with Kinross Gold USA Inc. Sunrise retains the right to mine perlite on the claims during the lease/option period subject to no conflict with […]