Panther Metals plc has delineated an electromagnetic plunging conductor with a 500m strike length at its 100% owned Dotted Lake project on the Schreiber-Hemlo greenstone belt in Ontario, Canada. TARGETS The “very compelling” target is one of two parallel conductors identified following completion of independent 3D geophysical modelling and interpretation of airborne geophysical survey datasets. […]
Tag: metals and minerals
Power Metal completes formation of uranium JV
Power Metal Resources plc has completed the formation of a uranium-focused joint venture involving all its uranium licences, with UCAM Ltd. MODEL The company’s Saskatchewan portfolio includes Perch River; Tait Hill; Cook Lake; Reitenbach; Thibault Lake; Clearwater; Soaring Bay; E12; and the most recently acquired Drake Lake – Silas in Newfoundland and Labrador. Airborne electromagnetic surveys are pending for […]
Obituary – mining executive Danesh Varma
Anglesey Mining plc former director Danesh Varma who worked for the company for just under 10 years has died. Mr Varma joined the board in 1994 and held the post of finance director and company secretary before stepping down last November. He was also non-executive director at First Class Metals plc until his resignation in […]
Clontarf grants 160m incentive share options
Clontarf Energy plc has granted a total 160 million long-term incentive share options over 160m ordinary shares of 0.01p each to its directors and PDMR. The options will vest in three months from the issue date, at an exercise price of 0.06p, and will expire on 26 September 2031. Chairman David Horgan received 60m options; non-executive […]
Power Metal acquires new uranium project
Power Metal Resources plc has acquired the Drake Lake-Silas uranium project in Newfoundland and Labrador, Canada. OCCURRENCES The property will be sold into the company’s planned joint venture involving its entire portfolio of uranium licences with UCAM Ltd. Power Metal said it would not further extend the JV’s exclusivity date, “given the advanced state of the transaction” and expects to […]
GreenRoc applies for Amitsoq exploitation licence
GreenRoc Strategic Materials plc has submitted its application for an exploitation licence for Amitsoq graphite project in South Greenland. ENDORSEMENT Chief executive Stefan Bernstein said that the grant of the licence should be in months rather than years, since the Government of Greenland simplified the process in February. The company has also received “very positive […]