Cornish Tin Ltd aims to raise further funds via a limited shares offer for its tin-copper-lithium-tungsten project at Great Wheal Vor near the village of Breage. USES Money, raised through crowdfunding, will go towards its second exploration drilling campaign and working capital. The first exploration programme for 6,500 metres showed tin grades of up to […]
Tag: finance & funding
Scotgold faces administration without debt repayment plan
Scotgold Resources Ltd, which this morning suspended trading, could within weeks fall into administration if it fails to agree payment plans with all its debtors. FINANCING The Australian company today repeated its warning from March 2023 that its future was uncertain without further funding, although it is “actively seeking additional financing and discussions are in an […]
Tertiary defers diverting resources to Storuman
Tertiary Minerals plc has no immediate plans to divert significant resources from its base and precious metals projects to its wholly owned Storuman fluorspar deposit in Sweden. REINDEERS The decision follows the country’s government yesterday annulment of the Mining Inspectorate’s 2019 decision to refuse the company’s application for a mining concession. “This is a welcome […]
Helium One raises £6.8m via fundraise and retail offer
Helium One Global Ltd raised a total £6.8 million via a fundraise and retail offer through the issue of 113m ordinary shares of no par value in the company at 6 pence per ordinary share. DIRECTORS DEALINGS A placing, conducted through an accelerated bookbuild process, of 104,383,335 new ordinary shares raised £6.26m and a subscription […]
Cornish Lithium receives £53.6m private-public funds
Cornish Lithium plc will receive £53.6 million of private and public funding, with up to a further £168m, for its lithium in hard rock and geothermal waters projects in Cornwall. TRELAVOUR The money will come from the UK Infrastructure Bank (UKIB), The Energy & Minerals Group (EMG) and the company’s current largest investor TechMet. Founded […]
IOG agrees waiver for deferred €100m payment
IOG plc has agreed with bondholders a further waiver to 29 September over certain terms, including interest repayment, of its €100 million senior secured bond. BOARD OBSERVER The company said it had received support from bondholders controlling more than 70% of the voting bonds, representing 100% of the votes cast. The agreement results in the […]