First Class Metals plc’s non-executive chairman David Webster, also chairman of its largest investor The Seventy Ninth Group, has resigned following police fraud allegations about the group. COMPANY MOVES Mr Webster has also resigned as a director with the Ontario-focused explorer, a spin-out from Power Metal Resources plc. FCM today said: “Mr Webster has decided […]
Tag: metals and minerals
CMR agrees £237,500 loan notes conversion
Critical Mineral Resources plc has reached an arrangement with holders of the July 2024 loan notes that one of its directors buys the balance due of £237,482.52. INVESTORS Dominic Traynor will purchase the loan notes before and convert them into 20,459,728 new ordinary shares of £0.01 each and the remaining 1,129,592 treasury shares at a […]
Power Metal looks to sell Silver Peak interest
Power Metal Resources plc has signed an option agreement to sell its 30% interest in Silver Peak Resources Ltd, holding the historic Eureka-Victoria silver mine in southern British Columbia. STREAMLINE In 2020, the company exercised an earn-in option to the project and committed CA$225,000 to ground exploration. In April the following year, Power Metal and joint […]
Mushima North shows more silver mineralisation
Tertiary Minerals plc’s assays have returned “thick” intervals of silver mineralisation associated with “broader” intervals of copper and zinc mineralisation at the Mushima North project in Zambia. ANOMALIES In Autumn 2024 the company drilled 25 holes on three traverses at target A1, a copper-in-soil anomaly, and one at C1. Results near surface at target A1 […]
Cornwall Resources director retires
Cornwall Resource Ltd’s director and executive director of parent company Strategic Minerals plc, Peter Wale, has retired effective from today. Mr Wale is also leaving the board of Strategic Minerals to focus on his other business interests. “On behalf of the board of directors, I want to thank Peter for his long standing service” said […]
Oriole selects fire assay method for Mbe
Oriole Resources plc said that following a review of assay methods it has elected to use a standard fire assay on samples from its 90% owned Mbe orogenic gold project in Cameroon. DRILLING The company added that comparisons with photon assays found minor differences to fire assays which also have cost savings based on ability […]