Arkle Resources plc has raised £215,000 before expenses through a placing of 61,428,571 new ordinary shares each at a price of 0.35p. DIRECTORS’ DEALINGS Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.35p for a period of two years. Chairman John Teeling subscribed for 28,571,429 […]
Tag: lithium
Cadence asks to meet Mexican Government over Sonora lithium
Cadence Minerals plc has asked to meet the Mexican Government over the as yet unverified revocation of its Sonora lithium mining concessions and “related acts and omissions by Mexico”. BILATERAL INVESTMENT TREATY The concessions include those granted to Mexilit S.A. de CV and Minera Megalit S.A. de CV, in which Cadence holds a 30% stake […]
Arkle begins lithium prospecting on Aughrim
Arkle Resources plc has begun a reconnaissance prospecting programme on lithium-bearing pegmatites on its recently acquired Aughrim block of licences in County Wicklow. TARGET AREAS Comprising four prospecting licences over more than 150km2, the block is also prospective for gold being contiguous to the company’s Mine River gold exploration project. Compilation work has revealed “multiple […]
FCM grab sample results add confidence in Zigzag
First Class Metals plc (FCM) said final results from the first phase of exploration at the Zigzag lithium project further supported the property’s potential. CONFIDENCE Grab samples identified a 350-metre strike with >1% Li2O remaining open at both ends. The company has completed channel sampling in the central area of the property, with results pending from […]
Arkle adds polymetals block to Mine River acreage
Arkle Resources plc has extended its Mine River gold exploration area on the Wicklow-Wexford border by an additional 152.01km2 block. LEINSTER GRANITE The Aughrim block comprises four prospecting licences – 415, 3029, 1716, 2053 – for lithium, rare earth elements and other minerals including gold and platinum. The company must pay a total €3,000 with […]
Red Rock raises £500,000 via CLNs
Red Rock Resources plc raised £500,000 from issuing convertible loan notes, each at a price of £10,000. As of 19 October, £210,000 had been raised before expenses by subscription to 21 notes, closing the first tranche of the notes issue. The company will use net proceeds for its gold project in Kenya, lithium assets in […]