Altus Strategies plc announced it would be awarded a number of gold exploration licences in the Eastern Desert of Egypt. AGREEMENTS The Egyptian Mineral Resource Authority (EMRA) will make the award to the company’s 100% owned subsidiary, Akh Gold Ltd. Altus said it was working with EMRA over entering into the definitive exploration licence agreements. […]
Tag: extractive industries
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 […]
West Newton-A proposals include up to six new oil wells
Rathlin Energy (UK) Ltd said it planned up to six new wells at its West Newton-A site as the local authority decided the proposed extension would not require an environmental impact assessment. CONSULTATION The operator and its joint venture partners, which have two existing wells at West Newton-A, will conduct a public consultation over the […]
Condor Gold starts second rig to drill 4,000m at La India
Condor Gold plc announced that a second drill rig had started a 4,000 metre infill diamond drilling programme at the ‘high-grade’ starter pits La India, Nicaragua. The company said that the starter pits were designed pits containing 445Kt at 4.17g/t gold for 59,700 oz gold using a 2.0g/t gold cut-off. The rig was mobilised for […]
Condor Gold raises £18,600 through warrant exercise
Condor Gold plc has raised £18,600 following the exercise of warrants to issue 60,000 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share.
Cornish Metals agrees royalty deal with Osisko
Cornish Metals Inc today announced that it had reached an agreement with Osisko Gold Royalties Ltd to convert an outstanding amount of CA$7.17 million under the 2018 note financing into a royalty. One of the conditions for Canadian company Cornish Metals, formerly known as Strongbow, is a successful listing on the London Stock Exchange’s alternative […]