Karelian Diamond Resources plc has received “positive” kimberlite indicator minerals results from till samples excavated at the green diamond target area in the Kuhmo region, Eastern Finland. SOURCE The kimberlite indicator minerals (KIM) were found in 19 of 21 till samples, up-ice of the green diamond discovery. Sampling was also conducted as close as possible […]
Tag: metals and minerals
Tertiary drills anomalous copper at Brunton Pass
Tertiary Minerals plc has intersected “thick intervals containing anomalous copper values”, possibly in the halo of a porphyry deposit, at its Brunton Pass copper-gold project in central Nevada, USA. THESIS The first pass phase I drilling programme, started in November 2024, comprised four reverse circulation percussion drill holes for a total 890m. The company said […]
Hummingbird nears delisting
Hummingbird Resources plc is scheduled to cease trading on 28 February after its major creditor Nokio Resources Corporation secured 75% or more of the company earlier this year. MINES Cancellation of admission to trading is expected at or shortly after 7am on 3 March 2025, after which the company is intended to re-register as a […]
Red Rock issues 71m shares for advance
Red Rock Resources plc has issued 71,428,571 new ordinary shares of 0.01 pence each at a subscription of 0.035 pence per share to convert a £25,000 advance from an existing shareholder. TVRs The issued shares have accompanying 71,428,571 warrants, exercisable at 0.045 pence per share at any time before 24 February 2028. Following admission, Red Rock’s […]
Panther publishes prospectus
Panther Metals plc has today published a prospectus to allow it to trade on the main market of the London Stock Exchange, following the conditional fundraise in January. The placing involved the issue of 910,000 ordinary shares of no par value at a price of 50 pence per each, raising £455,000. Following admission, the Ontario-focused […]
FCM issues 91m shares on prospectus publication
First Class Metals plc has issued nearly 91 million shares on today’s publication of an approved prospectus, following a proposed £2.18 million investment in December 2024. OWNERSHIP The Ontario-focused explorer issued 78,552,084 new ordinary shares of £0.001 each to The Seventy Ninth Group Ltd to meet the terms of the investor’s subscription. The balance of […]