Anglesey Mining plc said it had raised a total of £864,416 gross proceeds from a placing and subscription. DEBT RESTRUCTURING A placing of 22,829,705 ordinary shares with institutional and other investors at a price of 3.4 pence per share raised £776,210. Chairman John Kearney and chief executive officer Jo Battershill subscribed for an additional 2,594,284 […]
Tag: zinc
Galantas extends metals licences for Irish subsidiary
Galantas Gold Corporation has been granted additional licences to increase its base and precious metals prospecting area in Ireland. FLINTRIDGE RESOURCES The Canadian company’s local operating subsidiary Flintridge Resources Ltd has expanded its two areas in Co. Leitrim, increasing the total exploration land package by 47.8km2 to 159.4km2. In October 2021, the Minister for the Environment, […]
CAML reports strong Q1 at Kounrad and Sasa
Central Asia Metals plc said it was on course to meet its full-year production guidance at its copper recovery plant in Kazakhstan and zinc-lead mine in North Macedonia. KOUNRAD Chief executive Nigel Robinson said the company had recorded a strong performance during Q1 at Kounrad in Kazakhstan. Central Asia Metals’ copper production at the dump […]
Chesterfield identifies Troodos West 12km trend
Chesterfield Resources plc said it had identified further significant gold-rich and polymetallic mineralisation in a 12km geological trend at its Troodos West project in Cyprus. WESTLAND TREND The company added that its 2,078m diamond drilling in late 2021 had notably enhanced the prospectivity at three target areas of Orchard, Evlim and Evlim South. Assay results […]
Anglesey Mining plans move to AIM
Anglesey Mining plc said it looked for greater flexibility and potential tax benefits for investors in its proposed move to the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). STRATEGY Anglesey also proposes cancelling admission of the company on the premium segment of the Official List and to trading on the LSE’s main […]
Ascent signs JV for Peru secondary mining and recovery
Ascent Resources plc said it would focus its environment, social and governance (ESG) projects on secondary mining and recovery in Peru. JOINT VENTURE The company has signed a joint venture (JV) agreement with Lima-based investment manager Blanco Safi SAC to identify and develop precious and base metal-rich tailing and processing operations. Founded in 2010, Blanco’s […]