Power Metal Resources plc has increased its uranium and rare earth elements portfolio by acquiring 100% of the Selta project in the Northern Territory, Australia. SELTA The deal is through the company’s subsidiary, First Development Resources Ltd (FDR), in an all-FDR share transaction to acquire Australian company URE Metals Pty Ltd which owns the project. FDR will start exploration […]
Tag: rare earth elements
Altona appoints Hilton Banda as NED
Altona Rare Earths plc has appointed Hilton Banda as a non-executive director with immediate effect. Mr Banda, aged 35, is a qualified geologist and group chairman of Akatswiri Holdings Ltd in Malawi. Akatswiri is the parent company of a number of resources focused companies including Akatswiri Rare Earths Pvt Ltd, in which Altona acquired a […]
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) following the grant of the final copper-gold licence in the Paterson Region of Western Australia. REVISED AGREEMENT Earlier in 2021, the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. […]
Kanye JV adds base metals to REEs exploration at Ditau
Kanye Resources Pty Ltd joint venture (JV) said it had increased its exploration scope by adding base metals to rare earth elements at its project in Ditau, Botswana. PROGRAMME The 50-50 JV comprises operator Kavango Resources plc and Power Metal Resources plc with exploration costs equally shared. Kavango said it had accelerated drilling on I10 […]
Altona agrees 51% acquisition of Chambe
Altona Rare Earths plc has entered into an agreement to acquire an initial 51% interest in the Chambe rare earths project in Malawi. CHAMBE LICENCE The news follows the start of exploration diamond drilling of four holes and reverse circulation drilling of 35 holes for total 3,000m across six targets at the company’s other project […]
Kanye identifies REE drill targets at Ditau
Kanye Resources plc has identified several drill targets following completion of geophysical and geochemical surveys at the rare earth elements (REEs) project at Ditau, Botswana. The 50-50 joint venture company between the operator Kavango Resources plc and Power Metal Resources plc, completed the surveys on 12 target areas. HIGH PRIORITY Kavango said that seven drill […]