Finance Metals & Minerals News

Cadence looks to future value after losses

Cadence Minerals plc swung to a loss during 2021 but said its assets, particularly iron ore and lithium, would perform well in the future. FINANCES In its annual results for the year ended 31 December 2021, the company reported a loss of £0.14m (2020: £7.82m profit) due to reduced realised and unrealised profits and losses for […]

Company Moves Metals & Minerals News

Cornish Metals’ shareholder VBR nominates Tony Trahar to board

Cornish Metals Inc said that its controlling shareholder Vision Blue Resources (VBR) had nominated Tony Trahar as its representative on the company’s board of directors. Mr Trahar has a 40-year career in the mining, natural resources and industrial sectors and is currently a special adviser to VBR. He currently holds 1,222,222 common shares in Cornish […]

Finance Metals & Minerals News

Cornish Metals holds solid cash ahead of VBR investment

Cornish Metals Inc ended last year with a significant increase in cash despite nearly doubling losses at its copper-tin project in Cornwall. FINANCES The Canadian company published its annual results on the same day it announced that Sir Mick Davis‘s Vision Blue Resources Ltd will be the ‘controlling person’ with the completion of a £40 […]

Metals & Minerals News

CRL extends Redmoor licence by 10 years

Cornwall Resources Ltd has extended its existing exploration licence agreement to 2037 for the Redmoor copper-tin-tungsten project. LICENCE In October 2012, New Age Exploration Ltd held the original exploration licence which was due to expire in 2027. The licence covers 23km2 surrounding the Redmoor deposit in East Cornwall and provides the rights to explore over the […]

Finance Metals & Minerals News

Cornish Tin raises £900,000

Cornish Tin Ltd said the entire allocation of shares for a fundraise had sold out after reaching £900,000 for its Great Wheal Vor project near Breage. Chief executive Sally Norcross-Webb added that the raise, opened at 10am today to those who had previously expressed interest, resulted in an oversubscription of more than 250%.