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 […]
Tag: metals and minerals
Cornish Metals appoints James Whiteside as NED
Cornish Metals Inc has appointed James Whiteside as a non-executive director to the board, effectively immediately. The appointment follows the Canadian company’s approximately £56 million fundraise via a placing of 700m new common shares and retail offer for its South Crofty tin project in the village of Pool near Cambourne. Results of the fundraise gives […]
Metals’ chairman steps down
Metals Exploration plc’s independent non-executive chairman and non-executive director Nick von Schirnding has stepped down, effective 21 March. The company said that Mr Schirnding’s decision follows Metals’ purchase of Runruno Holdings Ltd shareholding and settlement of debt disputes with lenders. Newly appointed non-executive chairman Steven Smith said: “It has been a pleasure to work with […]
Power Metal reduces voting rights in FCM
Power Metal Resources plc has reduced its voting rights in its spin-out company First Class Metals plc. A TR-1 notification shows that the decrease from 19.5 to 9.9%, equal to 19,033,802 voting rights, took place on 3 March 2025. FCM holds gold, nickel, copper and lithium assets in Northern Ontario, Canada.
Power Metal finds potential targets at Reitenbach
Power Metal Resources plc revealed “multiple prospective targets” from exploration at the joint venture Reitenbach uranium property in Northern Saskatchewan, Canada. DRILLING The results follow Summer 2024 fieldwork by the company under its JV, Fermi Exploration, with investor and 70% owner-partner UCAM Ltd. The company said that the Nuphar and Goodleap targets in the northeast of […]
CMR receives £462,474 via CLNs
Critical Mineral Resources plc has secured an additional £462,474 through the issue of convertible loan notes, following the £2.5 million investment earlier this month. The CLNs are convertible into ordinary shares in the company at £0.0145 per share, accruing interest of 5% per annum. CMR, focused on silver, copper and manganese in Morocco, will receive […]