Western Gold Exploration plc said it had completed its previously announced non-brokered private placement for C$1,243,580 via a private placement. The company issued 17,765,428 common shares each at a price of C$0.07. Monaco-based Zila Corporation, which held 14.07% of WGE’s issued and outstanding common shares, acquired 4,285,714 shares for C$300,000. The investor now holds 11,334,388 […]
Tag: Scotland
NAE in talks over proposed deal for Lochinvar
New Age Exploration Ltd (NAE) said it was in several talks on a proposed deal for the Lochinvar coking coal project on the border of Scotland and England. LOCHINVAR The Australian group owns 100% of three contiguous exploration and conditional underground mining licences known as Lochinvar, Lochinvar North and Lochinvar South. A resource of 111 […]
Erris changes name to Green Glen Minerals
Erris Gold Resources Ltd has changed its name to Green Glen Minerals Ltd. LISTING The company registered the new name with Companies House on 26 November and aims to reregister as a public limited company in mid-December 2021. PROJECTS Green Glen is exploring for gold in Scotland and zinc-lead-silver-gold in Norway. It has also been […]
Scotgold chairman Nathaniel Le Roux steps down
Scotgold Resources Ltd announced that Nathaniel (Nat) Le Roux is stepping down from his position as non-executive chairman. Mr Le Roux had held the post since March 2015 when he recapitalised Scotgold and will remain on the board as a NED and major shareholder of the company. Non-executive director (NED) Peter Heatherington has been appointed […]
Scotgold lowers output guidance
Scotgold Resources Ltd lowered its 2021 guidance for gold production, citing “teething problems” over handling issues and low recruitment due to pandemic restrictions imposed since 25 December. The company said that problems had occurred in three key areas of crusher circuit chokes, flotation circuit pumps and filter press controls at its Cononish gold and silver […]
Cornwall one of UK’s first to produce near battery-grade lithium carbonate
The first lithium carbonate has been produced from UK sources at Cornish Lithium’s Trelavour project in Cornwall and another from an undisclosed area in Scotland. DOMESTIC SUPPLY PROJECT The 18-month Li4UK (securing a domestic lithium supply chain for the UK) project involved a scoping study covering sites hosting potentially suitable lithium mineralisation in hard rock […]