Power Metal Resources plc raised £100,000 following notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are issued pursuant to the exercise of 5,000,000 warrants at an exercise price of 2.0 pence per ordinary share of 0.1 pence each in the company.
Tag: UK mining
Tungsten West secures granite offtake deal
Tungsten West Ltd has secured an exclusive deal to sell granite from its Hemerdon tungsten-tin mine near Plympton in Devon. SIGNIFICANT The multi-million pound venture between the company’s subsidiary West Aggregates Ltd and GRS Group, involves secondary aggregate to be transported nationwide by sea and rail. GRS expects to distribute annually more than a million […]
Power Metal confirms further bullseye Cu-Au anomaly at Paterson
Power Metal Resources plc announced it had identified a bullseye magnetic anomaly on its conditional copper-gold acquisition projects in the Paterson Region of Western Australia. LICENCES The Paterson projects are held by First Development Resources Pty Ltd (FDR Australia) and include the Wallal, Braeside West and the Ripon Hills projects. In April 2021 Power Metal […]
Scotgold revenues exceed operational costs at Cononish
Scotgold Resources Ltd said that production revenues have exceeded operating costs for the first time at the Cononish gold-silver mine near Tyndrum in Scotland. REVENUES The company reported that two shipments of gold concentrate completed during August. These were just over 50 tonnes of concentrate at an average of 333g/t Au per tonne, equating to […]
Cornish Metals extends strike length of United Downs lode
Cornish Metals Inc said it had traced the known strike length of the UD lode, formerly known as the Lithium lode, to more than 200m at the United Downs project in Cornwall. The company added that the mineralisation remained open along strike. The UD lode has been intersected in five of the six drill holes […]
Galantas focuses on increasing resource at Cavanacaw
Galantas Gold Corporation recorded no revenue during Q2 2021 as the company focused on drilling to increase resource at the Cavanacaw mine in Omagh, Northern Ireland. FINANCES In its unaudited financial results for Q2 2021, the Canadian miner recorded nil revenue (Q2 2020: nil). Concentrate sales provisional revenues of US$218,000 for Q2 2021 (Q2 2020: […]