Guardian Metal Resources plc said visual findings had greatly exceeded expectations from phase I diamond drilling at Pilot Mountain tungsten project in Nevada, USA. TARGETS The programme, started in May, was for an initial 2,000 metres but now in its eighteenth hole, has reached 2,396.2m. The rig will remain on site and continue drilling at the company’s […]
Tag: extractive industries
Hummingbird completes $25m refinancing
Hummingbird Resources plc this week completed the US$25 million strategic refinancing of a portion of its existing loan facilities with principal financing partner Coris Bank International. KOUROUSSA The company said that the 24-month loan, with an annual 12% interest, would meet its existing loan obligations due in Q2 2024, providing a two-year deferment of “specific […]
Kistos JV offered new acreage in GLA
Kistos Holdings plc has been offered seven new blocks or part blocks in the Greater Laggan Area, West of Shetlands in a joint venture with TotalEnergies. EXPLORATION On completion of the licensing round, Kistos will hold a 33.3% working interest in the acreage, with TotalEnergies as operator. The blocks and part blocks comprise 206/2a; 217/27; […]
Reabold increases stake in Colle Santo
Reabold Resources plc has increased its interest in the Colle Santo onshore gas field by taking a further stake in part owner LNEnergy Ltd. WARRANT The company subscribed for 17 new ordinary shares each at a price of £12,047, equivalent of 1%, in LNEnergy for £205,000. Reabold has been increasing its interest in Colle Santo […]
Guardian finalises Pilot-Garfield drill targets
Guardian Metal Resources plc is finalising drilling holes after geophysics surveys highlighted more anomalies at the Pilot Mountain tungsten and Garfield copper projects in Nevada, USA. APPLICATIONS Ground magnetic and high-resolution induced polarisation surveys at Pilot delineated a magnetic anomaly, approximately 1 km x 1 km, at the Porphyry West target which remains open to the […]
Cornish Metals grants 12.4m stock options
Cornish Metals Inc has granted 12.4 million incentive stock options, each at an exercise price of £0.085 (C$0.14) over common shares without par value, to its executive management and senior staff. The five-year options will vest over a three-year period, with one third of the options vesting at the end of each year, and expire […]