Arkle Resources plc’s joint venture partner plans to focus expenditure on the Carrickittle West area in the south of the Stonepark zinc project in County Limerick. VALUES Group Eleven Resources Corp’s decision follows a review of prospecting on all seven licences. The Canadian operator, which is awaiting results from three drill holes completed in January […]
Tag: metals and minerals
Metals extends £5.5m bridging term loan
Metals Exploration plc has extended the term of its £5.5 million unsecured bridging term loan facility with Drachs Investments No 3 Ltd to 31 March 2025. The company agreed the December 2024 loan in connection with its acquisition of Condor Gold plc. Drachs holds 12.4% of Metals’ issued share capital.
Fulcrum appoints Mitchell Smith as chairman
Fulcrum Metals plc has appointed non-executive director Mitchell Smith as independent non-executive chairman. His predecessor acting as interim, Alan Mooney, resumes his original 2023 role of independent non-executive director. “I would also like to take this opportunity to thank Alan for taking on the role of interim chairman, and I am delighted that he has […]
Hummingbird to cease trading
Hummingbird Resources plc will cancel its shares from trading after its major creditor Nioko Resources Corporation secured 75% or more of the company’s issued ordinary share capital. The move follows Hummingbird’s increasing debt, challenges at the Yanfolila gold mine in southern Mali, and delays at Kouroussa in Guinea which placed “significant strain” on its balance […]
Guardian issues 149,925 shares
Guardian Metal Resources plc has issued 149,925 new ordinary shares of 1 pence each via a warrant exercise at a price of 17p per warrant share. The company, focused on tungsten, lithium and base and precious metals exploration in Nevada, received £25,487.25 in return. Following admission, Guardian’s issued share capital will comprise 126,422,612 ordinary shares of […]
Metals finds new target to process at Runruno
Metals Exploration plc has identified a potential exploration target, which it previously relinquished, that could extend the life of ore processing at Runruno in the Philippines. PERMITS The company said that the gold mine’s processing plant could be redesigned to take any ore from the site, called Dupax, to process into a saleable mixed metal […]