Horizonte Minerals plc has awarded Swedish global engineering company AFRY the contract to construct its 100% owned Araguaia ferronickel project. PARTNERSHIP AFRY’s Brazilian subsidiary Pöyry Tecnologia Ltda will provide services across engineering, procurement, construction management (EPCM), project management and commissioning. “AFRY is a leader in its field and has a strong track record of successfully […]
Tag: nickel
Altus executes sale of Toura nickel-cobalt project
Altus Strategies plc has completed the sale of its wholly-owned Toura nickel-cobalt licence application in western Côte d’Ivoire. TERMS The sale and purchase agreement, executed with Firering Strategic Minerals plc, will give Altus a gross revenue royalty of up to 1.0% on nickel and cobalt sales and pay the company €15,000. TOURA The project comprises […]
Corcel progresses PNG cobalt-nickel projects
Corcel plc announced progress with its cobalt-nickel projects in east and southeast Papua New Guinea (PNG). MAMBARE The company said its application for a Mambare mining lease is undergoing its final government review, which was likely to be the last step in the process. Corcel is also advancing the project to direct shipping ore (DSO) […]
Kavango further extends option to acquire majority of KKME at Molopo
Kavango Resources plc announced an extension to the exclusive three-month option to acquire 85.23% of Kalahari Key Mineral Exploration Pty Ltd (KKME) at the Molopo project in Bostwana. TARGETS The company last week had a four-day extension and now has until close of business on 18 March 2022. “Technical due diligence of the Molopo Farms […]
Corcel grants 21m share options to directors-staff
Corcel plc has granted 20,606,278 five-year share options, of which 8,447,197 are under its existing enterprise management scheme, to directors and key staff. PREMIUM Each option carries one ordinary share of £0.0001 in the capital of the company at a strike price of £0.017, being a 26% premium to the most recent closing price of […]
Corcel chairman converts debt for project funds
Corcel plc’s chairman has converted £128,586 debt into 8,572,400 new ordinary shares, locked up for 18 months, to fund the company’s projects in Canada and Papua New Guinea. LOAN The debt was converted by C4 Energy Ltd, controlled by chairman and director James Parsons. Mr Parsons has now increased his indirect interest in Corcel through […]