Fulcrum Metals plc has completed the definitive option agreement to sell the company’s uranium projects in Saskatchewan, Canada. Purchaser Terra Balcanica Resources Corp acquired the option for 100% of the projects by completing four years’ exploration programmes and for staged cash and equity payments. The assets comprise Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton. Proceeds […]
Tag: metals and minerals
Panther CEO issued with 63,922 shares
Panther Metals plc chief executive has exercised the conversion rights attaching to the £56,000 of convertible loan notes held by him in respect of principal and accrued interest of £9,520. Following the exercise on 28 July, Darren Hazelwood will be issued with 63,922 new ordinary shares of no par value in the company at £1.025 […]
Tertiary delineates copper-in-soil anomaly
Tertiary Minerals plc has delineated a “large and strategically located copper-in-soilanomaly” at its Mupala project in the Kabompo Dome of the Nothwestern Province, Zambia. PROMISING The company collected 684 soil samples in areas of anomalous copper-in-soil with results identifying a copper-in-soil anomaly approximately 1,800m long by 600m wide. Portable X-ray fluorescence analysis identified a peak […]
Guardian stakes more claims at Pilot
Guardian Metal Resources plc has staked 16 further claims at its Pilot Mountain tungsten project following indications of a “much larger” porphyry system than first expected. EXPANSION The company engaged porphyry copper deposit specialist Dr Lawrence Carter following the June discovery of the mineralised system in drill hole PM24-002 at the Nevada site. He will assess […]
Altona exercises Sesana option
Altona Rare Earths plc has exercised its option to acquire up to 85% in the Sesana copper-silver project within PL2329/2023 in Botswana’s Kalahari copper belt. COMPANY MOVES The company and vendor Ignate African Minerals (Pty) Ltd are expected to sign the final agreement shortly. Altona said that activities relating to Botswana environmental and administrative processes […]
Guardian receives £85,000 via warrant exercise
Guardian Metal Resources plc received £85,107.61 following notices to exercise warrants over 500,633 new ordinary shares of 1 pence each in the company. The exercise on 26 July, was at a price of 17p per warrant share. Following admission the company’s share capital will comprise 111,058,265 ordinary shares of 1p each, with voting rights. A TR-1 […]