Red Rock Resources plc has raised £200,000 by placing 597,014,925 new ordinary shares at 0.0335 pence per share. Following admission, Red Rock’s issued ordinary share capital will comprise 5,655,797,411 ordinary shares, each with voting rights. The company holds no shares in treasury. Proceeds will be for year-end accounting costs, acquisition and transport of gold mining […]
Tag: metals and minerals
Cornish Metals grants 2.5m stock options to CEO
Cornish Metals Inc has granted 2.5 million incentive stock options over common shares without par value in the company to its chief executive officer Don Turvey. The options have an exercise price of £0.085 per share over a five-year term. Cornish Metals has to date granted a total 29,450,000 options, representing 5.50% of the issued […]
Panther begins soil sampling at Dotted Lake
Panther Metals plc has started additional soil geochemistry sampling potentially to accelerate exploration at Dotted Lake on the Schreiber-Hemlo greenstone belt in Ontario, Canada. SNOWFALL Bayside Geoscience Inc’s 1,000 metre survey comprises an extension and infill sampling to the 2021 soil survey grid which yielded “significant nickel, cobalt, copper, gold and platinum group element anomalies”. […]
Altona identifies IOGC prospectivity at Kabompo
Altona Rare Earths plc has identified prospectivity for iron ore-copper-gold (IOGC) mineralisation at its Kabompo South copper project in Zambia. GUIDE Geophysical and geochemical data assessment by Earthmaps Consulting confirmed “geophysical features typically associated with IOCG deposits” in the country. The licence is “largely underlain by iron-rich Hook granites” intruding low metamorphic Kundelungu Group sediments […]
Karelian mine boundaries finalised for Lahtojoki
Karelian Diamond Resources plc said that the mine boundaries for the Lahtojoki project have been finalised after no appeal was lodged against the August court ruling. RULING Two landowners had 60 days to appeal against the amounts of compensation due to them as well as the mine boundary. The company’s legal advisors have confirmed that […]
Tungsten West raises £2m via CLNs
Tungsten West plc has raised £2 million by adding an additional tranche to the existing 2023 convertible loan notes to progress work at the Hemerdon mine in Devon. FINANCING Tranche F is on substantially the same terms as tranches A, B, C, D and E of the CLNs. The company said that July’s tranche E […]