First Class Metals plc reported progress in exploration activities for its 2023 field season at five of its metals projects in northwest Ontario, Canada. SAMPLING In Zigzag, the company conducted an initial reconnaissance trip under cover of snow to appraise access, returning lithium grades of up to 1.00% and tantalum (Ta) up to 198 ppm. A […]
Tag: lithium
Cadence notes progress at Bynoe-Yangibana
Cadence Minerals plc this week noted the discovery of “very large zones” of lithium anomalism in progress from its two Australian investee companies. BYNOE Results from Evergreeen Lithium Ltd’s geochemical programme at its flagship Bynoe project in the Northern Territory showed anomalies “up to several kilometres long”. Included are anomalies in the geochemical pathfinder elements […]
Red Rock raises £535,800 via placement
Red Rock Resources plc raised £535,840 before expenses by placing 376,028,070 new ordinary shares each of £0.0001 in the company at 0.1425 pence per placing share. USES Following admission, the company’s total issued share capital will consist of 1,958,538,069 ordinary shares, each with one voting right. Red Rock holds no shares in treasury. Net proceeds will fund the company’s […]
Cadence notes ‘widespread’ lithium in Kenny results
Cadence Minerals plc’s investee company has identified “significant and widespread lithium” from auger and geochemical programme at the Kenny project within the Dundas mineral field of Western Australia. PRIORITY ZONES Evergreen’s results indicated “the potential for lithium, caesium and tantalum pegmatites” at the site. Five priority lithium target zones had Li2O assay results showing maximum […]
Clontarf completes lithium JV for Bolivia brines
Clontarf Energy plc has completed its joint venture (JV) for direct lithium extraction from brine in Bolivia as it plans to expand its portfolio. TERMS Following all conditions precedent being satisfied for the deal signed in February 2023, the company has now paid partner NEXT-ChemX Corporation US$500,000. It will also issue to the US-based company […]
FCM to advance exploration before sale or JV for Ontario licences
First Class Metals plc said it planned to advance it exploration strategy before selling or entering a joint venture (JV) for its metals’ licences in Ontario, Canada. STRATEGY In the company’s final results for the year ended 31 December 2022, chief executive Marc Sale added that most of the six out of nine properties explored […]