Red Rock Resources plc said it remained on course with its arbitration proceedings in the Democratic Republic of Congo, despite conflict and demonstrations. PARTNERS Chairman Andrew Bell added: “Inevitably the invasion in the east of the country has been a distraction and caused delay, including days when offices were shut and flights cancelled. “By maintaining […]
Tag: metals and minerals
Karelian raises £323,075 via placing-subscription
Karelian Diamond Resources plc has raised a total gross £323,075 via a 37.5% discounted placing and subscription to a total 43,076,667 new ordinary shares each at 0.75 pence. USES The placing for 34,066,667 ordinary shares of €0.00025 each, raised £255,500 while the subscription for 9,010,000 ordinary shares at the issue price raised £67,575. Each placing […]
Fermi acquires Fortin River uranium project
Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has acquired the Fortin River project in northern Saskatchewan, Canada. MOMENTUM The company said that preliminary geophysical data indicated the potential presence on the 3,859 hectares (38.59 km2) site of a 1.7 km wide meteor impact crater. Power Metal noted that such targets were known for unconformity-related uranium mineralisation elsewhere […]
Katoro increases Pearl lithium claims
Katoro Gold plc has increased the footprint from 880 hectares to 1,475 hectares of the Pearl lithium project held by its recent proposed acquisition, 31 Explore Ltd. COLLABORATION A total 72 claims, added to the original 43, are contiguous to the Ontario project, expanding westwards to encompass recently interpreted geological features prospective for mineralisation. Chief […]
Conroy begins ‘robust’ 3D model for Clontibret
Conroy Gold and Natural Resources plc has begun work on a “more robust” 3D geological model at the Clontibret gold deposit in County Monaghan, Ireland. ANTIMONY Current relogging on more than 16,000 metres of drill core has so far completed the cross sections in the existing deposit. The company has also nearly completed portable XRF […]
Guardian issues 321,229 shares
Guardian Metal Resources plc has issued 321,229 new ordinary shares of one pence each following an exercise over warrants at 17p per warrant share for £54,608.93. Following admission, the company’s issued share capital will comprise 126,893,841 ordinary shares of 1p each. The figure will represent the total voting rights in Guardian.