Metals Exploration plc’s majority investor Nick Candy has increased his shares in the company. Candy Ventures S.a.r.l, which is majority owned by Mr Candy, and a person closely associated with Metals non-executive director Steven Smith, acquired two million ordinary shares each at an average price of 5.6p. Following the transaction Mr Candy has an interest […]
Tag: metals and minerals
Power Metal to sell 30m Guardian shares
Power Metal Resources plc plans to sell 29,758,334 of its shares and warrants over 986,352 ordinary shares of £0.01 each in Guardian Metal Resources plc to its uranium joint venture partner for £9,225,083.91. INCUBATOR The agreement is in principle with UCAM Ltd, which needs to complete a fundraise, and subject to administrative processes and a legally binding […]
Ormonde acquires 100% of Zamora gold licences
Ormonde Mining plc has secured a three-year renewal for and regained full ownership of its two gold exploration licences in the Zamora province, western Spain. INTERESTS The company’s local subsidiary previously held 48.7% of Antofagasta and Cueva Negra while Shearwater Group plc held 51.3%. Acquisition of its partner’s share for €50,000 will be paid with five […]
Altona optimistic on fluorspar assays
Altona Rare Earths plc has received “very encouraging” assays from fluorspar ore samples collected last October from the fluorite zone at the Monte Muambe rare earths project in northwest Mozambique. PRODUCTION Returns of an average of 88.03% fluorite (CaF2) exceeded expectations given that the typical range for metallurgical grade fluorspar is 60 to 85%, the […]
Metals issues 318m incentive options
Metals Explorations plc has issued 318 million options under its long term incentive programme to certain directors and senior management. TVR Approval to authorise the directors to issue up to 15% of the company’s issued capital as options was granted at a general meeting in August 2024. Options to subscribe for 221.5m ordinary shares are […]
Karelian extends Kuhmo diamond licences
Karelian Diamond Resources plc has extended its diamond exploration licences over the areas targeted by the upcoming campaign in the Kuhmo region of Eastern Finland. PROVINCE The company was granted a new reservation of Kuumu 1 at the Lentiira in northern Kuhmo, 30 km to the north of the green diamond discovery, with one year […]