() said., a Nasdaq-listed lithium exploration and development company, has agreed to fully fund and accelerate the Ewoyaa lithium project in Ghana for $ 102 million.
Under the deal, Piedmont can earn 50% of IronRidge’s Cape Coast Lithium (CCLP) portfolio, which includes the Ewoyaa project, in three stages. Piedmont will subscribe for 54.0 million shares of IronRidge at 20 pence per share, totaling £ 10.8 million (US $ 15 million) and giving it a 9.5% stake in IronRidge.
Vision Blue, the investment vehicle managed by mining tycoon Mick Davis, injected an additional $ 7 million into Ferro Alloy Resources Ltd () through an underwriting and issuance of loan notes. The investment will bring the total invested to date by Vision Blue and its co-investors in Ferro Alloy to US $ 10.1 million.
Shanta Gold Ltd () announced high grade drilling results from the Phase 1 drilling program of its West Kenya project. Visible gold was identified at four different intersections through 15 holes drilled as part of the drilling program conducted in April and May 2021 at the Isulu and Bushiangala deposits.
() said all mining and smelting operations at Richards Bay Minerals (RBM) in South Africa have been halted until further notice and FTSE-100 has declared force majeure on contracts customers due to an escalating security situation in operations.
BlueRock Diamonds PLC () has stated that it plans to complete soon the expansion project of its Kareevlei diamond mine in South Africa. It expects to reach full production in August, which will allow it to reach its annual production target of 750,000 tonnes to 850,000 tonnes processed and between 30,000 and 39,000 carats produced.
() returned high-grade gold assay results from the recently completed drilling program on its wholly-owned Baker’s gold project in the Meekatharra district of the Murchison gold field in Western Australia.
() said it agreed to buy Cyprus Gold Mines Ltd (CGML), a private exploration and mining company, for £ 300,000.
(LON: THR,) is optimistic about preliminary copper results from the first drilling of the Alford East copper-gold project in South Australia.
() reported that it made profit in 2020 as part of increased sales of its Cobre operation in New Mexico, United States.
Great Western Mining Corp PLC () said it has completed its first phase of a gold and silver drilling program at Rock House Group in Mineral County, Nevada.
Amur Minerals Corp () announced a 12% increase in JORC resource estimates for its Kun-Mania nickel-copper sulfide project in Russia’s Far East. The overall ore tonnage increased from 19.2 mln tonnes (Mt) to 174.3 Mt,
() announced positive drilling results in the Kepez North area of the Kiziltepe gold-silver mine in western Turkey.
() announced the first results of the phase 2 exploration program of the Assaleyta project in Djibouti. The best reverse circulation drilling results include 16 meters grading 1.08 grams per tonne of gold from 12 meters.
Bushveld Minerals Limited () produced a record amount of vanadium in 2020, with its Vanchem acquisition contributing for a full year.
() () () is about to launch a comprehensive Induced Polarization (IP) study on the key Luanshya and Mkushi projects in Zambia’s copper belt.
() said it encountered areas of high grade ore faster than expected on the Cononish gold and silver project in Scotland. In recent weeks, the AIM-listed company has accessed ore at levels that peaked at 40 grams per tonne (g / t) in an area where it now plans to continue mining for two months, with an expected average grade greater than 10 g / t.
() said it has entered into a US $ 10 million secured loan facility agreement with a syndicate managed by Tribeca Investment Partners, comprising the CNL Sprott Strategic Asset Fund and Paul Smith, the chairman of the company.
. (LON: CUSN,) said it has reached an agreement to restructure deferred payments to be made to sellers of the South Crofty tin project and associated mineral rights.
() Geological surveys of the Ditau rare earth project in Botswana have identified seven targets, three of which will be followed by drilling. Each target includes a possible intrusive carbonatite body at a depth of 300 m and within range of reverse circulation (“RC”) drilling.
() announced “a very significant development” following the drilling programs currently underway in the Victoria Goldfields, Australia.
. (LON: AEXG, TSXV: AEX) said it has applied for a new exploration permit in the Kobberminebugt region in southern Greenland covering an area of approximately 266 km2. The region is home to many copper-gold showings, including the small Josva copper mine, formerly a producer.