Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
Tag: nickel
Karelian encouraged by Irish licences’ potential
Karelian Diamond Resources plc said that potential for nickel, copper and platinum group elements had been confirmed on its Northern Ireland licences. SIMILARITIES The company added that the confirmation, in a report by Dr Larry Hulbert, followed the October 2023 discovery of indicator minerals for the metals during stream sediment sampling. The report noted similarities […]
Corcel to progress Mambare sale
Corcel plc is to sell its 41% interest in the Mambare nickel-cobalt project and associated Oro Nickel joint venture, following no response from its partner’s pre-emption notice and time extension. ADVICE In March 2023, Corcel restructured its Papua New Guinea assets in a 50-50 joint venture with Integrated Energy Metals (IEM) to create a new carried […]
Central Asia acquires 28.7% of Aberdeen Minerals
Central Asia Metals plc has completed its £3 million initial investment in nickel-copper-cobalt explorer Aberdeen Minerals Ltd. The company now has 35,294,117 shares, purchased at a price of 8.5 pence per share, and a 28.7% shareholding in Aberdeen. Central Asia also received warrants to invest an additional £2m at a price of 11 pence per share […]
Ormonde investee plans Golden Rose exploration
Ormonde Mining plc’s investee plans copper-focused exploration during the summer at the Golden Rose project in western-central Newfoundland. DRILL TRU Precious Metals Corp’s assessment in the Cape Ray – Valentine Lake shear zone will also investigate other minerals occurrences hosting nickel and zinc. The programme will include prospecting, grab (rock) sampling, reconnaissance soil sampling and […]
CAML targets stake in Aberdeen Minerals
Central Asia Metals plc, focused on North Macedonia and Kazakhstan, has conditionally invested an initial £3 million for a 28.7% stake in explorer Aberdeen Minerals Ltd. DRILLING With a footprint of 7,400ha (75km2) agreed with landowners, Aberdeen is exploring for nickel, copper and cobalt at the Arthrath project in Aberdeenshire, northeast Scotland. The company states […]