Guardian Metal Resources plc has issued 233,823 new ordinary shares of 1 pence each following an exercise of warrants at 17p per warrant share for a total £39,749.91. Following admission, the company’s issued share capital will comprise 125,340,814 ordinary shares of 1p each, equal to the number of voting rights. Guardian’s tungsten, industrial garnet, gold, copper […]
Tag: metals and minerals
Tertiary pursues Mushima North silver discovery
Tertiary Minerals plc said it had discovered “economically significant” silver and cobalt mineralisation at its Mushima North copper project in Zambia. POTENTIAL The company’s Autumn 2024 drilling campaign involved 25 holes on three traverses at target A1, a copper-in-soil anomaly, and one at C1. Today’s results, from samples from four holes sent for multi-element check […]
Panther raises £455,000 via discounted placing
Panther Metals plc has raised £455,000 via a conditional 37.5% discounted placing of 910,000 ordinary shares of no par value at 50 pence per placing share. DOTTED LAKE The placing is subject to publication of a prospectus, expected in mid-February 2025. Each placing share will have one warrant attached to subscribe for one new ordinary share at a […]
Tungsten West raises £2.8m via CLNs
Tungsten West plc conditionally raised £2.8 million by adding a further tranche to its existing 2023 convertible loan notes. HEMERDON Certain existing CLN holders subscribed for tranche G in part A for £1.9 million and part B for £900,000. The company also proposes a “major” capital raise expected from the beginning of Q2 2025 which […]
Metals improves La India production estimates
Metals Exploration plc said its initial estimates showed “significant improvements” to the previous bankable study for La India gold mine project in Nicaragua. ADVANCED Following a site visit last November and internal studies, the company has increased the 2022 figures for open pit mining to 2025 figures based on open pit / underground production. Annual […]
Hummingbird secures further loan
Hummingbird Resources plc has increased its debt with a US$5 million unsecured interest-free loan from its major investor CIG SA. Funds will be used to pay the first instalment to the Government of Mali, where the company owns the Yanfolila gold mine. The loan has a fixed $2.8mn royalty payable between 1 March 2025 and […]