Power Metal Resources plc has exercised its option to acquire the McKellar property located on the Schreiber-Hemlo greenstone belt in northwest Ontario, Canada. EXCLUSIVE OPTION The underexplored property comprises 58 mining claims (49 single cell mining claims and nine boundary cell mining claims) covering circa 12.3km². McKellar is one of four gold exploration properties on […]
Tag: metals and minerals
Red Rock receives £1m via placing
Red Rock Resources plc has raised £1 million by way of placing 95,238,095 new ordinary shares of 0.01 pence each in the company at a price of 1.05p per share. The company plans to issue non-transferable warrants, with a life of two years and an exercise price of 2 pence, to subscribers to the placing […]
Cornish Lithium starts Trelavour second drill campaign
Cornish Lithium Ltd said it had started the second drill campaign at its Trelavour hard rock lithium project near St Austell, Cornwall. MINERAL RESOURCE ESTIMATE The eight to 10-week drill campaign will use two drill rigs and comprise 1,500m diamond drilling and 2,500m reverse circulation drilling, with results contributing to the inaugural mineral resource estimate. […]
WCM urges council to back coal mine
West Cumbria Mining Ltd (WCM) today urged Cumbria County Council to support once more the company’s plans for a metallurgical coal mine off the Cumbrian coast. The company’s comments follow yesterday’s (9 February) announcement by the local authority to return the application to its Development Control and Regulation Committee for redetermination. bit.ly/3tJEzGz The council referred […]
Power Metal raises £75,450 via warrant exercise
Power Metal Resources plc received £75,450 following notices to exercise warrants over 8,860,758 new ordinary shares of 0.1 pence each in the company. Exercise of 3,597,600 warrants was at 1.0 pence per ordinary share and 5,263,158 warrants at 0.75 pence per ordinary share. Following admission, the company’s issued share capital will comprise 1,109,337,130 ordinary shares of […]
Altus granted four gold licences in Eastern Desert, Egypt
Altus Strategies plc said it was planning the first phase of exploration after it received four gold exploration licences across nine licence blocks totalling 1,565 km2 in the Eastern Desert of Egypt. LICENCES All four licences, which are between 30km and 100km of the Red Sea coast, are for an initial two-year term and renewable […]