Kodal Minerals PLC (AIM:KOD) and Hainan Mining have approved an extension of the previously agreed deadline for the Bouguoni lithium funding package to 31 October 2023.
A restructuring of the company's Mali subsidiary entities that hold the lithium interests has also been completed, it added.
Metals One PLC (AIM:MET1) said exploration drilling is well underway at its Kingrose battery metal prospect in Norway while plans are being drawn up for a phase one programme in Finland as it released its latest half-year results.
The junior’s aim is to find battery-related minerals, especially nickel, in Europe, close to future customers.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) said it hopes to get the final mining lease from its Ewoyaa project in Ghana shortly, adding this would be the country’s first mining lease and also kickstart the permitting process.
A definitive feasibility study for Ewoyaa outlined production of 3.6Mt spodumene concentrate, free cash flow of US$2.4 billion from US$6.6 billion Life of Mine revenues, a post-tax NPV of US$1.5 billion and an Internal Rate of Return of 105%.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) said a new mineral resource estimate for its Basin project in Arizona has triggered a US$2.5 million payment from Lithium Royalty Company (LRC).
The new resource estimate is 17 million tonnes in the indicated category at 940 parts per million (ppm) carrying 85,000t LCE (lithium carbonate) and 210 million tonnes in the inferred category at 900 ppm, carrying 1 million tonnes of LCE.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said an independent review of the tailings dam at its Gedabek mine delivered to the Azerbaijan government this week had made several recommendations for improvement.
A report was commissioned after protests in July by residents against the proposed construction of a second tailings dam close to the one in place already.
Sovereign Metals Ltd has presented the Kasiya Rutile-Graphite Project in Malawi as a potentially major critical minerals project with an extremely low carbon footprint in a pre-feasibility study (PFS) underpinned by significant economic returns.
Kasiya, in central Malawi, is the largest natural rutile deposit and second-largest flake graphite deposit in the world.
UK investors are increasingly dropping crypto and putting money into gold and other 'safer' alternative assets to offset the risk of inflation, according to The Royal Mint.
Data showed 30% of UK investors currently hold crypto investments but this is set to drop to 24% by 2024 as they question whether decentralised currencies are a good store of wealth in the long term, commented the coin maker.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has appointed Cathia Lawson-Hall as an independent non-executive director effective today, boosting the number of women on its board to 40%.
Lawson-Hall, who was formerly head of Coverage and Investment Banking for Africa at Société Générale, will also be a member of the remuneration committee, said the FTSE 100 miner.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has raised £4.5 million through a private placing at a minimal discount to the last closing price.
Shares were issued at 15p, a 3% discount, with existing shareholder Pella Ventures, a party related to chairman Adonis Pouroulis, subscribing for £0.54 million worth.
Anglo-Asian rallied as the Azerbaijan government said it would be allowed to restart operations at its Gedabek mine following a review of the tailings dam by consultant Micon.
Only this morning, Anglo Asia said it did not expect Gedabek to resume full operations this year but Micon delivered its report to the government today and the Azerbaijan prime minister stated said the mine can now gradually reopen.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF)'s flotation and agitation plant at its Gedabek mine in Azerbaijan will not be back up and running until 2024 though this depends on the outcome of an external review of the tailings dam, the company said in a statement.
As a result, production for the remainder of this year will only be from its heap leach operation with the forecast for the year now reduced to between 30,000-40,000oz gold equivalent.
Emmerson PLC (AIM:EML) said cash holdings are sufficient to carry out basic engineering works at its Khemisset potash project in Morocco for at least a year while it waits for environmental approval.
An environmental permit is the next step to move the project into the development phase but timings have become uncertain following the disastrous recent earthquake in the country.
Empire Metals Ltd (AIM:EEE) has raised £3 million to expand its drilling plans at the Pitfield deposit in Western Australia.
A 1,500-metre diamond core programme is already underway with this additional funding earmarked for a second phase of reverse circulation exploration in early 2024 focusing on very dense zones recently identified within the magnetics anomaly.