logo-loader

Proactive weekly mining highlights: Metal Tiger, BlueRock Diamonds, Strategic Minerals, Emmerson...

There was a healthy stream of news from small cap mining companies this week

Bluerock Diamonds Plc - Proactive weekly mining highlights: Metal Tiger, BlueRock Diamonds, Strategic Minerals, Emmerson...

BlueRock Diamonds Plc (LON:BRD) said operations have restarted in South Africa with no cases of coronavirus at the Kareevlei mine and production averaging almost 2,000 tons per day since May 11, up 65% on the record average daily rate in the fourth quarter of 2019.

Amur Minerals Corporation (LON:AMC) has revealed that individual copper and nickel sulphide concentrates can be generated from ore at its Kun-Manie project in Russia.

Power Metal Resources PLC (LON:POW) and Red Rock Resources PLC (LON:RRR) have launched efforts to expand the footprint for their gold exploration venture in Australia.

Thor Mining PLC (LON:THR) (ASX:THR) said it has started field activities associated with the due diligence assessment for the proposed acquisition of American Vanadium.

IronRidge Resources Ltd (LON:IRR) has confirmed and enhanced multiple large-scale gold soil anomalies at the Zaranou gold project in Côte d'Ivoire, following a programme of infill soil sampling. 

Emmerson PLC (LON:EML) has completed a feasibility study which confirms its Khemisset project, in northern Morocco, as a low capex, high margin potash mine with outstanding economic metrics.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) launched a large exploration program at its Red Lake gold mine development project in a bid to grow resources and make new high-grade discoveries.

Kavango Resources PLC (LON:KAV) said it has been granted two prospecting licences in the Botswana section of the Kalahari copper belt.

Savannah Resources PLC (LON:SAV) told investors it has submitted the environmental impact assessment and associated mine plan documents for the proposed Mina do Barroso lithium mining project in Portugal.

Trident Resources PLC (LON:TRR) has listed on AIM as it embarks on a strategy of building a growth-focused mining royalty and streaming company. Metal Tiger PLC (LON:MTR) took an initial £570,000 stake.

Metal Tiger also conditionally subscribed for 50mln shares of 0.01p each in Thor Mining PLC for a total of A$250,000.

Thor Mining PLC (LON:THR)(ASX:THR) has entered into an exclusive option to acquire 100% of the shares in a private Australian company with interests in uranium and vanadium focussed projects in Colorado and Utah in the United States of America. It is raising A$970,000 to facilitate the deal, including a significant sum from Metal Tiger.

Strategic Minerals PLC (LON:SML) has been awarded US$21.9mln in damages and costs, exclusive of additional interest.

Strategic said later in the week that it has raised £1.1mln through a placing and subscription of around 244.4mln new shares to help pay the remaining balance for the acquisition of New Age Exploration’s interest in the Redmoor Tin/Tungsten project.

Danakali Ltd (ASX:DNK) (LON:DNK) and Africa Finance Corporation have agreed to extend the deadline for completion of its deferred US$28.5mln Tranche 2 equity funding.

Galileo Resources PLC (LON:GLR) has raised £900,000 in a share placing, selling 112.5mln shares priced at 0.8p each.

W Resources PLC (LON:WRES) generated €365,000 in operating revenue in the year to December 31, 2019, up from €219,000 the previous year.

Mkango Resources Ltd (LON:MKA)(CVE:MKA) has donated a new state of the art Mindray WATO EX-20 anaesthetic machine to the Mercy James Centre at the Queen Elizabeth Central Hospital in Blantyre, Malawi.


 

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bluerock Diamonds Plc named herein, including the promotion by the Company of Bluerock Diamonds Plc in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Inspired Energy raises up to £35mln in placing and open offer and fully...

Inspired Energy PLC's (LON:INSE) Mark Dickinson speaks to Proactive after announcing they've raised £35mln and struck a deal to acquire the 60% of Ignite Energy that it does not already own. Dickinson says the acquisition will accelerate the group's organic growth in optimisation services. In an...

1 day, 15 hours ago

4 min read