GreenRoc Mining plc has granted 300,000 share options at an exercise price of 10 pence over new ordinary shares to non-executive director (NED) Lars Brünner and independent NED Mark Rachovides. The company said that neither NEDs had previously been awarded share options. For each NED, 225,000 options are vested; 37,500 vest on 28 June 2023; […]
Tag: iron
Kavango nears drill-testing KSZ North conductors
Kavango Resources plc has moved closer to drill testing three previously identified B conductors in the Kalahari Suture Zone (KSZ) North project in southwest Botswana. B CONDUCTORS The company is targeting massive sulphide and IOCG* mineralisation for copper, nickel, platinum group metals, iron, gold and uranium on 15 prospecting licences covering 8,323km2. Kavango added that […]
Anglesey notes strategic investment in Labrador
Anglesey Mining plc said that its Canadian investee company Labrador Iron Mines Holdings Ltd (LIM) announced a US$4 million strategic investment by Scully Royalty Ltd. SCULLY ROYALTY Anglesey Mining holds 19.3 million shares in LIM, which will equate to 11.0% of the company after the issuance of new shares to Scully Royalty Ltd. Scully’s strategic […]
Cadence completes 27% investment in Amapá
Cadence Minerals plc said it had now vested its 27% of the Amapa iron ore project in Brazil. SECOND STAGE The company completed all necessary documents for its second stage of investment to acquire a further 7% (US$3.5m) of Pedra Branca Alliance (PBA). PBA is the Cadence and IndoSino (73%) joint venture company, which owns […]
Cadence completes 20% acquisition of Amapá
Cadence Minerals plc said it had completed all documentation to own 20% of the Amapa iron ore project in Brazil. AGREEMENT The documents relate to a settlement agreement between the company and its joint venture (JV) partner Indo Sino Pty Ltd with DEV Mineração S.A. and the secured bank creditors. Cadence added that the completion […]
Cadence notes mine preparations for Lake Giles
Cadence Minerals plc announced that further licence applications have been made to support the intended hematite mining operations at Lake Giles iron project in Western Australia. The applications from Macarthur Minerals Ltd, in which Cadence holds a 1% interest, are part of the Australian operator’s preparations for a mine plan for a direct shipment ore […]