Power Metal Resources plc said it now had working capital of cash and listed investments exceeding £2 million. The junior metal and mineral miner’s added that half of the amount – more than £1.2 million – had been raised from warrant exercises since August 2020. The money put the company in a “robust financial position” […]
Tag: UK mining
Anglesey narrows losses as it awaits Micon report
Anglesey Mining plc reported it raised £225,000 from the exercise of warrants and managed to narrow losses during the first half of 2020 at its base and precious metals site on Parys Mountain in North Wales. The fundraise follows a private placing in August of £200,000 to reach a total of £425,000. In the company’s […]
Alba appoints two new non-executive directors
Alba Mineral Resources plc has appointed two new non-executive directors with immediate effect. Lars Brünner was from 2014 until May 2020 the arctic mining and environment, business development leader for international mining and environmental consultancy firm Golder Associates A/S. Mr Brünner has been an environmental consultant for more than 25 years and conducted numerous environmental […]
Condor Gold starts 4,000m La India infill diamond drill
Condor Gold plc announced the start of a 4,000 metre close-spaced infill diamond drilling programme within the open pit at the La India gold project in Nicaragua. The company also hopes to start drilling on the high grade Mestiza open pit in January 2021. Condor Gold chairman and chief executive Mark Child added that mining […]
Cornish Lithium buys £2.3m technology licence
Cornish Lithium Ltd said it had bought an exclusive £2.3 million technology licence for bulk metallurgical testing and building a pilot plant for its hard rock lithium project at Trelavour near St Austell, Cornwall. The money will come from the company’s recent crowdfunding which raised a final total of £5.2 million but will still allow […]
GoldStone nears expanded Akrokeri-Homase gold lease
GoldStone Resources Ltd has been recommended an expansion of its mining lease for the Akrokeri-Homase (AKHM) gold project in South West Ghana. The project already included the Homase South Pit and now covers the proposed Homase North and Homase Central pits and the expanded Homase South Pit with the increased mineable resource by 86,900 oz […]