Altona Energy plc announced it was changing its name to Altona Rare Earths plc to reflect its new project interest. The mining exploration company was previously engaged in coal in Australia but during 2020 its focus moved to rare earth elements in eastern Africa. The company is also in the process of creating a new […]
Tag: extractive industries
Conroy proposes joint venture with Turkish miner
Conroy Gold and Natural Resources plc said it had signed a letter of intent (LOI) with Demir Export, which could give the Turkish miner 57% of its gold exploration project on the Irish border. PROJECT INIS The move comes as the junior mining company also announced that discussions had ended on a proposed JV with […]
Cora awarded nine more years with Mali permit
Cora Gold Ltd said it had been re-awarded the Farassaba III permit for nine years at its gold exploration project in western Mali. The permit, which was re-awarded on the 12 February 2021, covers the same area of 93km2 as the expired permit. It comprises part of the 300km2 group of four permits collectively known as Cora’s […]
Power Metal acquires further Ontario gold properties
Power Metal Resources plc has exercised its options to buy two further properties on the Schreiber-Hemlo greenstone belt in north-western Ontario, Canada. OPTION The Magical and Enable properties are the final two of four gold exploration properties on which the company signed an exclusive option to acquire a 100% interest. The move follows the company’s […]
GreenOre partner reaches second earn-in for Ayrshire
GreenOre Gold plc announced that its joint venture partner Koza Ltd has achieved the second earn-in on the Ayrshire gold prospect. JOINT VENTURE The Turkish company now holds an 80% interest in the project with GreenOre retaining 20%. All further spend will be conducted on a pro-rata basis. GreenOre said that the earn-in represented work […]
Power Metal raises £18,992 via warrant exercise
Power Metal Resources plc received £18,992 following notices to exercise warrants over a total 2,199,200 new ordinary shares of 0.1 pence each in the company. Exercise of 1,199,200 warrants is at 1.0 pence per ordinary share and 1 million warrants at 0.7 pence per ordinary share. Following admission, Power Metal’s issued share capital will comprise 1,135,917,930 […]