Emmerson PLC (AIM:EML) has raised £0.85 million through an oversubscribed placing and subscription at 0.65p with specialist international litigation investors providing the core of the funds.
The cash will provide working capital while it assesses the options in its dispute with the Moroccan government over the Khemisset potash project.
Condor Gold PLC's (AIM:CNR, TSX:COG, OTC:CNDGF) board has accepted a cash and share offer worth £67.5 million from Nick Candy-backed Metals Exploration PLC (AIM:MTL).
Under the terms of the Offer, each Condor Gold shareholder will get 4.0526 New MTL Shares, 9.9p in cash and 1 Contingent Value Right (CVR).
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has completed the acquisition of the Havieron and Telfer projects in Pilbara, Western Australia, three months after agreeing the US$475 million deal with US giant Newmont.
Ownership transferred to Greatland with effect from 8:00 am Wednesday 4 December 2024.
Ariana Resources PLC (AIM:AAU) said consistent progress had been made with its exploration programmes in Türkiye, Kosovo and Cyprus over the past year.
In Kosovo, trenching is underway and 1,000 metres of exploration drilling is planned at the Slivova project with generative exploration elsewhere in progress through its partnership with Newmont.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has signed off a syndicated facility debt agreement with three banks - ANZ, HSBC and ING - for A$100 million to provide working capital for its Havieron and Telfer projects.
Formal completion of the US$475 million acquisition of the two projects is expected tomorrow and Greatland said this facility will give additional liquidity and flexibility to operate the Telfer gold-copper mine.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) CEO Segun Lawson talked with Proactive's Stephen Gunnion about the company’s latest drill results at the Segilola Gold Mine in Nigeria. Lawson shared that the drilling program has revealed promising signs of high-grade gold mineralisation, extending beyond the current mine plan.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has confirmed it expects to complete the acquisition of Newmont’s 70% stake in the Havieron gold-copper project and the Telfer gold-copper mine on Wednesday (December 4).
The acquisition conditions of remediation of Telfer Tailings Storage Facility 8 and restart of Telfer processing operations and approvals by the Australian Foreign Investment Review Board and Western Australian Minister for Mines and Petroleum have each been satisfied, said the statement.
Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) said it had received two non-binding takeover offers from Calibre Mining Corp (TSX:CXB, OTCQX:CXBMF) and Metals Exploration PLC (AIM:MTL) though only one is currently active.
According to Sky News at the weekend, AIM-listed Metals Exploration, which is backed by property financier Nick Candy, is mulling a deal that would value the enlarged group at £150 million with Condor worth £49 million at the close on Friday.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) is expanding its underground drilling programme at Segilola in Nigeria after more high-grade gold indications from exploration beneath the current open pit.
The latest drill results include 3.5m grading 4.10g/t gold in drill hole SNMD016 and 2.4m grading 3.46g/t in drill hole SNMD014.