NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) said it has secured a US$91 million senior debt facility led by the World Bank to pay for expansion of the Molo graphite mine in Madagascar.
A mandate letter has been signed with the World Bank's International Finance Corporation private sector investment arm, the Toronto company said in a statement.
Ariana Resources PLC (AIM:AAU) has published a revised resource estimate for the Dokwe project in Zimbabwe showing a 40% increase in gold ounces to 1.83 million.
Overall, the Global JORC 2012 resource now is 55.9Mt at a grade of 1.02g/t.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF)'s share price rose 16% after its subsidiary, AIMC, received technical and environmental approval from the Government of Azerbaijan for a seven-meter raise of its tailings dam wall.
The project will be executed in two stages, with the first 2.5-meter raise expected to be completed three months after obtaining permission.
Tirupati Graphite PLC's (LSE:TGR, OTCQX:TGRHF) incumbent management won the backing of the majority of voting shareholders at Tuesday’s requisitioned general meeting.
Proposals put forward by activist shareholders sought to replace the management with their own nominees, though they could not secure a sufficient proportion of the votes. A total of 48.57mln votes were in favour of retaining chief executive Shishir Poddar, versus 37mln activist votes.
Empire Metals Ltd (AIM:EEE) has delivered an enormous exploration target for just two targets at its Pitfield titanium project in Western Australia.
Cosgrove and Thomas might contain between 26.4 to 32.2 billion tonnes of titanium ore with a grade range of 4.5 to 5.5% TiO2, according to this initial estimate.
Anglo Asian Mining PLC's (AIM:AAZ, OTC:AGXKF) subsidiary, AIMC, has received technical and environmental approval from the Government of Azerbaijan for a final raise of its tailings dam wall.
The project will increase the height of the wall by 7 meters in two stages, with the first 2.5-meter upgrade expected to be completed three months after obtaining permission.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has made great strides toward completing the pilot phase of construction for the Kasiya Rutile-Graphite Project in Malawi, with groundworks underway.
A pilot mining and land rehabilitation program is progressing with site establishment on schedule and the mobile fleet constructing the test pit, water storage pond and ore stockpiles.
Empire Metals Ltd (AIM:EEE) reiterated it expects its project at Pitfield to become a 'globally significant' source of titanium.
Discovered just 12 months ago, this year has seen a “100% success rate during [the] 2024 RC drilling campaign with every hole, and every metre of every hole, intersecting titanium mineralisation from surface, or near surface, until the end of the hole,” said Shaun Bunn, managing director.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has signed a prepayment agreement totalling $5 million for sales of copper concentrate with trading giant Trafigura.
Advance payments totalling $5 million will be made to Anglo Asian with settlement through the delivery of copper concentrate to Trafigura.
Shares of Rockfire Resources PLC (LSE:ROCK) rose 8% following a positive update from its drilling activities at the Molaoi zinc deposit in Greece.
The company announced significant intersections of zinc, silver, and lead at depth, indicating a high-quality deposit likely to increase in resource tonnage.