Power Metal Resources plc has intensified its focus on specialist ‘battery metals’ by acquiring its first graphite project and forming a new UK private battery metals and minerals focused vehicle. DOERKSEN BAY The new project of Doerksen Bay covers 4,222 hectares and lies 230km northeast of La Ronge in Saskatchewan, Canada. The acquisition centres on five Saskatchewan mineral […]
Tag: lithium
Cadence notes completion of Amapá PFS
Cadence Minerals plc reported the completion of the pre-feasibility study (PFS) for the Amapá iron ore joint venture (JV) project in northeast Brazil. JV STRUCTURE Amapá is one of Cadence’s three investment projects in which it owns 27% of the JV company Pedra Branca Alliance (PBA) along with IndoSino (73%). PBA owns 100% equity of […]
Red Rock to own 50% of Tin Hill lithium subsidiary
Red Rock Resources plc said it expected to own 50% of its Zimbabwe lithium subsidiary which is preparing for small scale trial production at the Tin Hill project in the southeast of the country. TIN HILL The property lies 29km northwest of Bikita which is one of two lithium mining centres along with Arcturus. African […]
Corcel raises £466,000 from private investor AUSPECT
Corcel plc raised £466,000 at a 95% premium to the current share price from private Australian investment company AUSPECT Investment PTY Ltd. AUSPECT was introduced by the company’s proposed director Mr Yan Zhao who is a non-executive director of Corcel’s proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). Corcel issued 116,500,000 new ordinary shares of £0.0001 […]
Caerus signs Saudi Arabia option
Caerus Mineral Resources plc has signed an exclusive option agreement to acquire EV Metals Group plc (EVM)’s 90%-owned metals and minerals subsidiary in Saudi Arabia. RIWAQ RIWAQ Al Mawarid for Mining is EVM’s special purpose vehicle focused on exploration, mining and processing of minerals and metals in Saudi Arabia. The subsidiary is developing a portfolio […]
FCM signs exclusive earn-in for Ontario lithium
First Class Metals plc (FCM) has signed an exclusive agreement for a lithium earn-in project in northwest Ontario, Canada. PROJECT The company has 60 days exclusivity on a “highly prospective, strategically located project”. The deal, covered by an non-disclosure agreement, is for a project less than 100km from Armstrong and in a district “proved to […]