European Green Transition plc has secured a three-year extension until March 2028 for the Pajala copper-graphite licences, Liviovaara 101 and Lehtosolka 101, in Northern Sweden. DEVELOPMENT The company said that “sufficient” work has been completed at the project for the Swedish mining authority to grant more time. EGT plans to either sell or find a […]
Tag: rare earth elements
Katoro exits Haneti to focus on Ontario
Katoro Gold plc and Power Metal Resources plc have exited the Haneti nickel-lithium joint venture in central Tanzania due to the high levels of expenditure required. ONTARIO Katoro holds 65% of Haneti and Power Metal owns 35%. The early-stage project last underwent diamond drilling in 2022, with results failing to show economically significant nickel but […]
31 Explore acquired by Katoro Gold
Darlington-based ‘mineral exploration project generator’ 31 Explore Ltd has been acquired by Tanzania-focused Katoro Gold plc for 750 million warrants, under a heads of terms agreement. POWER METAL Katoro’s non-executive chairman Sean Wade, who is also chief executive of Power Metal Resources plc which holds 35% of Katoro, beneficially owns 14.29% of 31 Explore. Incorporated […]
EGT positive on final drill results from Olserum
European Green Transition plc reported positive results from the final five drill holes at the Olserum rare earth element project in Sweden. TARGETS The company, which previously confirmed the district-scale potential of its licence, has intersected mineralisation in all 13 drill holes. Recent results are for three holes at Djupedal prospect and two holes from […]
Alba expands into Sweden with rare earth option
Alba MIneral Resources plc has signed an option for the Finnsbo rare earth project in the historic magnetite mining district of eastern Bergslagen in Uppland, eastern Sweden. VALUE The company said that most workings on Finnsbo were magnetite and copper artisanal pits from the Victorian era, the “most significant” being the Bredasen containing a cluster […]
EGT positive on initial Olserum drill results
European Green Transition plc returned positive results from the first four drill holes at the Olserum rare earth element project in southern Sweden. DERISK Completed in September, the diamond core drilling programme comprised 13 holes for 1,500 metres. The company confirmed “significant” REE mineralisation within a shear zone structure at Djupedal, which it said validated […]