Alba Mineral Resources plc has conditionally raised approximately £192,522 before expenses via a “significantly oversubscribed” retail offer, exceeding its target of £100,000. The company issued 550,063,457 new ordinary shares of 0.01 pence each in the company at 0.035 pence per share. Following admission, Alba’s total number of ordinary shares in issue will be 9,725,510,695, with voting rights. The company holds […]
Tag: extractive industries
WCM ‘robustly’ defends coal mine
West Cumbria Mining Ltd said it had “robustly” defended the legal challenges against its planned deep coal mine heard last week in the High Court. U-TURN The company responded in a deferred rolled-up hearing between 16 and 18 July, to objections from Friends of the Earth and South Lakes Action on Climate Change to the […]
Europa CEO buys 1.13m shares
Europa Oil & Gas (Holdings) plc chief executive William Holland has bought 1,136,016 ordinary shares of £0.01 each in the company at 1.23 pence per ordinary share. Following the purchase, Mr Holland is beneficially interested in a total 5,023,316 ordinary shares, representing approximately 0.524% of Europa’s issued share capital. The £13,973 transaction took place today, […]
Panther granted Dotted Lake exploration permit
Panther Metals plc has received a three-year exploration permit for the North Limb, covering Dotted Lake, of the Schreiber-Hemlo greenstone belt in Ontario. FINANCING The company plans a comprehensive work programme on the “highly prospective” intrusive linked nickel-copper-cobalt and platinum group metal target in the northeast of Dotted Lake. The site lies approximately 16km north of […]
CMR issues 7.3m incentive shares
Critical Mineral Resources plc has issued 7,345,350 ordinary shares of 1 pence each under the board-approved equity incentive scheme. DIRECTORS The shares, released in three tranches, are subject to the company’s share price rising every 12 months to 2.5p, 3.5p and 5p or higher until after 36 months. Following admission, the company’s enlarged issued share […]
Cornish Metals agrees $4.5m royalties sale
Cornish Metals Inc has entered a binding US$4.5 million (£3.8m) sale of its royalty interests on the Mactung and Cantung tungsten projects in Northern Canada. PAYMENTS The agreement with Elemental Altus Royalties Corp follows the sale of the Cornish Metals’ Nickel King project, reflecting the Canadian company’s focus on its South Crofty tin project. Start […]