() said it had raised £1mln in an over-subscribed issue of stock at 0.025p a share.
The proceeds will be used for “progressing the workstreams” required for a pre-feasibility study on the Toral lead-zinc-silver project located in the Castilla y León region, northern Spain.
() confirmed that major shareholder Al Marjan has now bought £1.24mln of shares as part of a £5mln fundraising.
() said the acquisition of 100% shares in MOD Resources Ltd (LON:MOD) by () is an “important point” for the company.
() said it is expanding its footprint in Cameroon, following early success at the Bibemi and Wapouzé gold projects where it is earning up to a 90% interest.
The company formed a new local subsidiary, Oriole Cameroon SARL, and has submitted applications for a district-scale land package in the centre of the country.
() said it was on track to begin concentrate production from La Parrilla tungsten and tin mine in October, after construction of processing works was completed this month.
() told investors that its drill programme at the Kalahari Suture Zone (KZS) project in Botswana will kick off in “early October”.
() received A$575,000 as a loan recourse to the expected 2019 research and development grant/reimbursement from the Australian Taxation Office (ATO).
The cash received is in relation to works conducted at Leigh Creek Copper Mine.
() closed out the financial half year to June 2019 with just £69,000 in cash, following a loss before tax of £387,000.
PLC () confirmed the existence of nickel sulphide targets at the Molopo Farms Complex project in Botswana.
IronRidge Resources PLC () identified more potential targets at its Dorothe gold prospects in Chad from a wide-ranging electrical resistivity programme.
()(ASX:THR) noted the publication of a maiden resource for the Big Sandy lithium deposit in Arizona.
() said it expects to reveal ‘in due course’ its plans for Cyprus, where it has been carrying out due diligence on a potential exploration portfolio for two year
Bluejay Mining PLC () said that in the first six months of the year it had made “excellent progress” in Greenland, a “jurisdiction increasingly recognised as one of the last underdeveloped mineral regions”.
Operationally, it continued to focus on the Dundas Titanium Project, the world's highest-grade ilmenite mineral sand deposit.
() booked a loss of £501,000 for the year to 30 June 2019, a steep drop from the £2.5mln profit booked last year
() said it expects to achieve access to the main ore body at its Barruecopardo tungsten mine in Spain by the end of the year.
() said it is “near to finalisation” on documentation for enough funding to cover commissioning at the Baita Plai polymetallic mine in Romania and to begin diamond mining in Zimbabwe.
() entertained a delegation from the British Embassy in Azerbaijan at its Gedabek gold, copper and silver mine.
() appointed Tanyaradzwa Chikanza as finance director as it finalised its US$68mln Vanchem acquisition.
PLC () raised £100,000 for its Haneti nickel project in Tanzania through a placing and subscription of 10mln new shares.
Inc () (LON:PUR) (OTCMKTS:LRTNF) said the latest drilling at Wedge Zone at its flagship Madsen project in Red Lake, Ontario, has further underlined the potential of the mine currently being built there.
PLC () said it is focusing on the feasibility study to determine total resources in its Russian developments.
European Metals Holdings Limited () took a lot of encouragement from the decision by Volkswagen to locate its first electric vehicle plant at Zwickau, 90km from the Cinovec lithium deposit.
() appointed a South American mine veteran to oversee the construction of its Araguaia project in Brazil.
Pedro Rodrigues dos Reis will be project director in the run-up to scheduled first nickel production in 2022.
() said it was looking to focus more on gold trading in the Middle East as it reported a big increase in sales in the first six months of the year.
() set up a new working capital facility for £200,000 with major shareholder Brandon Hill.
PLC () said it is working with the regulators to relist the company as it unveiled plans to raise £2.2mln in a fundraiser backed by its new board members.
Arc Minerals Ltd () said the year was one of considerable change and progress for the company as it increased its’ interest in Zamsort Limited from 14% to 66%, giving it control of a significant copper opportunity in Zambia.
() said negotiations over a zinc ore offtake agreement with Jubilee Metal Group PLC () are progressing “satisfactorily”.
The three-year renewable deal being discussed involves the supply of ore for up to 60,000 tonnes per annum, from Galileo’s Star zinc project to Jubilee’s Kabwe zinc refinery.
() swung strongly back into profit and re-started dividend payments as gold production jumped 54% to 172,400oz in the year to June.
Shanta Gold Ltd () returned positive surface exploration drilling results from its ongoing exploration programmes within its existing mining licences at the New Luika gold mine in south western Tanzania.
Premier African Minerals Limited () refused to confirm reports in Zimbabwe that is has been awarded an exclusive prospecting order application (EPO) for its Zulu lithium project.