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 […]
Tag: UK mining
Oriole expects gold drill results at Senala
Oriole Resources plc announced that a 10,000 metre air core (AC) drilling programme has been completed on schedule at the Senala gold project in Senegal. The AC drilling, conducted by joint venture partner IAMGOLD, aims to define better the geochemical footprint of gold mineralisation at the Faré prospect. Results are due during the first quarter […]
Power Metal receives £79,956 through warrant exercise
Power Metal Resources plc received £79,956 following notices to exercise warrants over 7,995,600 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 7,995,600 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the company.
Power Metal starts extensive technical review at Molopo
Power Metal Resources plc has started an extensive technical review of its two diamond drill holes at the nickel sulphide and platinum group metals (PGM) project at Molopo Farms Complex (MFC) in Botswana. Site operator Kalahari Key Mineral Exploration Pty Ltd drilled holes KKME 1-14 and 1-6 with initial results showing 4.4 metres of ultramafic […]
CAML output steady and debt reduced
Central Asia Metals plc (CAM) reduced company debt during 2020 and maintained steady production at its Kounrad copper recovery plant in Kazakhstan and Sasa zinc-lead mine in North Macedonia. The base metal company’s Q4 and 2020 full year results showed cash in the bank on 31 December 2020 was reported at $47.9 million and gross debt as at […]
Alba restarts Clogau-St David gold surface drilling
Alba Mineral Resources plc said it had restarted surface drilling at its Clogau-St David’s Gold Mine in North Wales. The critical minerals and precious metals company added it had processed a small bulk sample at a third-party processing facility and results confirmed the production of a 20.7 grams per tonne (g/t) gold concentrate. Alba also […]