Horizonte Minerals plc awarded more than 2,435,035 ordinary share options of £0.20p each to key employees and senior executives under its unapproved 2006 share options scheme. DIRECTORS Each option has an exercise price of £1.70 per ordinary share, representing a premium of 10.4% the closing price on 12 July 2023 of £1.54. Chief executive officer Jeremy […]
Tag: nickel
FCM signs up to 80% earn-in for Pickle Lake
First Class Metals plc has signed an earn-in for up to 80% with OnGold Investment Corp for the Pickle Lake property in McGill township, Ontario. EXPLORATION The property, of 163 single cell mining claims over 3,455ha, lies north of FCM’s West Pickle Lake nickel-copper discovery and contiguous to its North Hemlo property and Palladium One’s […]
110m rotary kiln arrives at Araguaia nickel project
Horizonte Minerals plc has received the 802-tonne rotary kiln after a four-month journey from factory to the Araguaia nickel project in northeast Brazil. LOGISTICS FLSmidth supplied the 110m long kiln after a 10-month design and build process. Following delivery to the Port of Outeiro in northern Brazil, the kiln was transhipped onto barges and transported down the […]
Horizonte advances Araguaia ahead of production
Horizonte Minerals plc has advanced its Araguaia nickel project by completing the earthworks, 95% of detailed engineering and progressing electro-mechanical installations at the site in northeast Brazil. PREPARATIONS The company remains on schedule for production in Q1 2024 with 50% of the Araguaia Line 1 construction programme now complete, on budget, and 90% of the total capital […]
FCM notes West Pickle Lake mineralised zones
First Class Metals plc continues to report positive results from exploration with wide zones of nickel-copper mineralisation intersected at West Pickle Lake in Ontario, Canada. POTENTIAL The company’s joint venture partner and operator Palladium One Inc, which has the option to earn in up to 80% of the project, has to date drilled 32 holes […]
Corcel’s partner plans to buy 41% of Mambare
Corcel plc said that its partner Battery Metals Pty Ltd (BMA) intends to exercise its pre-emption rights to buy out the company’s 41% interest in the Mambare nickel-cobalt project in Papua New Guinea (PNG). LEGAL The move could hinder Corcel’s new joint venture Integrated Battery Metals (IBM) announced on 1 March to hold its PNG assets […]