Clontarf Energy plc has raised £450,000 before expenses via a placing of one billion new ordinary shares of 0.01p each in the company at a price of 0.045p per placing share. The placing shares represent approximately 12.2% of Clontarf’s enlarged issued share capital. Following admission, the company will have 8,193,326,117 ordinary shares in issue, each with the right […]
Tag: extractive industries
Sunrise finds new mineralisation at Reese Ridge
Sunrise Resources plc sampling analytical results have located a new area of high-grade zinc, lead and silver at Reese Ridge in Nevada, USA. OPPORTUNITY The project lies on the south side of the Humboldt Structural Zone, 52 miles south-southwest of Battle Mountain. The company’s short summer programme aimed to find additional areas of high-grade base […]
Borders makes ‘key changes’ as cash decreases
Borders & Southern Petroleum plc posted a decrease of £1 million in cash as it continues to seek a farm-in partner for its three production licences in the South Falkland Basin. APPRAISAL Interim results show the company held cash of $756,000 as at 30 June (June 2023: $2.41m and December 2023: $1.9m). Operating loss for the […]
Altona reviews fluorspar-diamond potential
Altona Rare Earths plc is reassess the potential for fluorspar production at Monte Muambe in Mozambique and for diamonds at its Zambia copper project. VEINS The move follows results from initial flotation rougher tests which included rare earths recovery of 69.3% and “good selectivity of rare earth minerals versus fluorite”. Legacy exploration mainly focused on […]
Anglesey raises £220,000 via direct subscription
Anglesey Mining plc has raised £220,000 via a direct subscription of 22 million ordinary shares at a price of 1 pence per share. USES Following admission, the total number of ordinary shares in the capital of the company in issue will be 483,593,017, with voting rights. Net proceeds will go towards developing Parys Mountain in […]
Karelian completes Kuhmo follow-up excavation
Karelian Diamond Resources plc has completed follow-up excavation up-ice of the green diamond previously discovered in the Kuhmo region of Finland. TARGETS Karelian said that the thickness of the glacial till cover increased up-ice to the northwest towards a swampy area, accessible to an excavator only when the ground is frozen. “The indicator mineral train […]