Guardian Metal Resources plc’s first diamond core drill results intersected three zones of “high grade” tungsten mineralisation with ancillary zinc, silver and copper at Pilot Mountain in Nevada, USA. GARNET Assays from drillhole PM24-001 in the Desert Scheelite deposit returned a total 38.7m of tungsten mineralisation. All three zones are considered to be near surface […]
Tag: extractive industries
Critical Mineral raises further £100,000
Critical Mineral Resources plc has raised an additional £100,000 through the convertible loan note issue in July, taking the total to £1 million. CMR also issued 1,090,909 warrants as payment for fees. The company, focused on metals exploration in Morocco, said the fundraise followed further strong demand.
Predator advances Morocco-Trinidad assets
Predator Oil & Gas Holdings plc has progressed its projects onshore Morocco and Trinidad. MOROCCO At Guercif, the company is extending Sandjet rigless testing on the MOU-3 well following data analysis by petroleum and chemical engineer Dr John Tinglass. Dr Tinglass worked on the company’s Inniss-Trinity CO2 EOR project in Trinidad, achieving enhanced oil production. […]
Ascent raises $1m via direct subscription
Ascent Resources plc has raised gross US$1million (£763,170) via a direct subscription at a 43% premium. The company issued 33,181,304 new ordinary shares of 0.5p each to oil and gas investor CB Energy VI, LLC at a price of 2.3 pence per new share. Following completion of the subscription and admission, CB Energy will have […]
Panther exits Manitou Lakes gold option
Panther Metals plc has decided against acquiring the Manitou Lakes gold project on the Eagle – Manitou Lakes greenstone belt in Ontario, Canada. DISTRACTION The company signed an option and sale and purchase agreement in April 2022 with Shear Gold Exploration Corporation, which it has now terminated to focus on the critical minerals. Chief executive […]
Arkle progresses Africa lithium projects
Arkle Resources plc has started sampling at its two lithium brine licences in the Makgadikgadi salt pans in Botswana. ANALYSIS The programme comes ahead of early-stage prospecting due to begin in days on its Zimbabwe hard rock licences also prospective for lithium. Covering a total 837km2 the Makgadikgadi licences showed in July the presence of […]