Cradle Arc PLC

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Cradle Arc in talks for Leboam funds after court places project under judicial management

Cradle Arc has started talks with existing and potential funders to secure the financing needed for Leboam...

on 20/12/18

Cradle Arc plays for time at Mowana as it seeks a sustainable funding solution

An application has been made to the Botswana High Court for Cradle Arc's 60% owned subsidiary, Leboam Holdings, to be placed into provisional liquidation as parallel talks on an alternative funding arrangement continue...

on 18/12/18

Cradle Arc suspended as loan deal falls through

The board is seeking insolvency advice, said the statement...

on 7/12/18

Cradle Arc ticks up as it hails “vote of confidence” in Mowana project with working capital extension

The firm said its 60% owned subsidiary, Leboam Holdings, had secured a US$4mln extension from Fujax Minerals and Energy, an Africa-focused raw materials supplier...

on 19/11/18

Cradle Arc raises £396,000 via placing to help complete improvement of processing facilities at the Mowana mine

The base and precious metals exploration and production company said the placing of 44,000,000 new ordinary shares at a price of 0.90p each was made with certain new and existing shareholders ...

on 31/10/18

Cradle Arc renews licence on ground south of Mowana that could contain 50mln tonnes of ore

The ground creates significant upside for Cradle Arc...

on 15/10/18

Cradle Arc jumps as it obtains loan facility to improve processing facilities at Mowana project

The miner said it had obtained a loan of US$2mln from its largest shareholder to create an inventory of spare parts and improve and rehabilitate the processing facilities at Mowana...

on 8/10/18

Cradle Arc looking at financing options to improve processing facilities at Mowana

Breakdowns of various bits of plant equipment have disrupted production at Mowana this year, so Cradle Arc is looking to repair and replace the current facilities...

on 28/9/18

Cradle Arc’s van Wouw sees decades of production ahead despite teething troubles at start-up

Cradle Arc's first year of production at Mowana has been glitchy but there should be decades of production ahead...

on 25/9/18

Cradle Arc eyeing production expansion after ramp-up completes at Mowana

Cradle Arc is ramping up copper production at its Mowana project, and further expansion is on the cards...

on 17/9/18

Cradle Arc renews prospecting rights north of Mowana deposit

The AIM-listed metals miner said the two renewals had been granted by the Botswana Ministry of Minerals, Energy and Water Resources for a period of two years...

on 14/9/18

Cradle Arc signs joint venture deal with Indiana Resources to advance Kossanto West

The deal will allow Cradle Arc to focus on the Mowana copper mine...

on 10/9/18

Cradle Arc cuts 2018 production guidance from Mowana Copper Mine after some operational setbacks

Cradle Arc said that In July 2018, drilling operations were adversely impacted for approximately three weeks due to breakdowns and the under-performance of a drilling contractor...

on 29/8/18

Cradle Arc heads off share dilution by agreeing to buy back convertible loan notes

Cradle Arc has simplified and strengthened its capital structure and announced plans to increase its stake in Leboam, the owner of the Mowana copper mine in Botswana. ...

on 1/8/18

Cradle Arc exits non-core project in Burkina Faso

“The lack of near term production potential in comparison to what the company considers much lower risk, higher return investment at the company's Mowana mine has led to the disposal.”...

on 4/7/18

Cradle Arc looking forward to enhancing Mowana into a world-class copper mining asset

The Mowana mine has a project net present value NPV of US$272.8mln (using an 8% discount rate and a copper price of US$3.00/lb) and a clear path for future development...

on 28/6/18

Cradle Arc reaches operational break-even at the Mowana copper project in Botswana

The ramp up at Mowana is continuing, with copper production in the second quarter likely to amount to 650 tonnes...

on 26/6/18

Cradle Arc chief operating officer appointed director of business development

Mark Jones will evaluate prospective assets in Africa that complement Cradle Arc's existing portfolio...

on 18/6/18

Cradle Arc unveils maiden reserve for Mowana open pit

The new report underpins the significant scale and long term commercial value potential of Mowana, the company said....

on 31/5/18

Cradle Arc seeks new partner for Kossanto West gold project

With 100% of the project and Randgold's 'extensive' database the explorer will now launch new partnering efforts for the gold project...

on 10/5/18

Cradle Arc enters option agreement for joint venture or sale of subsidiary

The AIM-listed precious metals explorer said the agreement would allow Singa Holdings to acquire subsidiary Luiri Gold Mines Limited, which holds the group’s Matala and Dunrobin gold assets in Zambia...

on 16/4/18