Hummingbird Resources plc has increased its debt with a US$5 million unsecured interest-free loan from its major investor CIG SA. Funds will be used to pay the first instalment to the Government of Mali, where the company owns the Yanfolila gold mine. The loan has a fixed $2.8mn royalty payable between 1 March 2025 and […]
Tag: extractive industries
Power Metal owns 43.2% of Guardian voting rights
Power Metal Resources plc reported holding 43.2% of voting rights in Nevada-focused Guardian Metal Resources plc. ASSETS A TR-1 standard form for notification of major holdings showed that the threshold was crossed on 9 January 2025. Power Metal now holds 53,998,159 voting rights having previously held none. Under its original name of Golden Metal, Guardian […]
GreenRoc receives financing interest for Amitsoq
GreenRoc Strategic Materials plc has received a non-binding letter of interest from the Danish national promotional bank and export credit agency to help fund the Amitsoq graphite project in South Greenland. CONSTRUCTION Potential financing from the Export and Investment Fund of Denmark (EIFO) would be used to buy equipment and services from suppliers including FLSmidth […]
Arkle JV completes drilling at Stonepark
Arkle Resources plc’s operating partner has completed the drilling programme, started in September 2024, at the Stonepark zinc project in Limerick. SHAREHOLDING Group Eleven Resources Corp drilled three holes for 1,372 metres across the southern part of the block, with analysis underway. The operations are part of a larger campaign mainly focused on the adjacent […]
Metals completes Condor acquisition
Metals Exploration plc today took full ownership of Nicaragua-focused Condor Gold plc following yesterday’s High Court sanction. BOARD Condor non-executive chairman Jim Mellon is expected to be appointed to Metals’ board as a non-executive director, subject to regulatory checks. He will be paid a director’s fee on similar terms to Metals’ existing non-executive directors. All […]
Red Rock to conclude DRC arbitration award
Red Rock Resources plc expects to conclude and have payments arranged next week at a working meeting of parties involved in the arbitration award in the Democratic Republic of Congo. The company said it met various parties in Kinshasa over the Christmas and New Year period to discuss the award. Red Rock also signed a framework […]