Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF), which halved in value recently following potential threats of mine closures, appears to be on a path of reconciliation with the Peruvian government.
The new President of Peru is frequently described in the media as a Marxist, and so reports that licences for Hochschild to continue to operate two major mines in Peru would be withheld appeared to have a real legitimacy.
Horizonte Minerals PLC (AIM:HZM, TSX:HZM, OTC:HZMMF) said it raised about GBP147.4mln through a placing that is part of a transformational finance package to fully fund its Araguaia nickel project in Brazil. The shares were placed at 7 pence each.
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) is looking to strengthen its position in the copper belt in Botswana through two separate deals. The junior has taken out an option to acquire 85.2% of Kalahari Key Mineral Exploration (KKME), which owns the Molopo Farms Project (MFP). Separately, Kavango said it will also speed up its acquisition of a 90% stake in the LVR Joint Venture in the Kalahari Copper Belt (KCB), also in Botswana.
Cornish Lithium Ltd has received an GBP18mln cash injection from TechMet Limited to help develop its lithium and battery metals operation in Cornwall. The junior said it is the first investment it had received from a financial institution,
Trident Royalties PLC (AIM:TRR) said the Ontario Superior Court of Justice granted a motion to stay a lawsuit brought by Lithium Royalty Corporation (LRC), “effectively dismissing the litigation as against Trident”. The case was brought to challenge Trident’s Thacker Pass royalty agreement.
Bradda Head Lithium Ltd (AIM:BHL) reported the best results so far from a 2021 drilling programme on its Burro Creek East (BCE) project in Arizona. Assay results from the first three new holes identified thicker intersections of Upper Clay than anticipated,
Shanta Gold Ltd said it was encouraged by results from exploration drilling outside existing mineral reserves at the New Luika gold mine (NLGM) in Tanzania.
Technology Minerals PLC (LSE:TM1) said 49% owned Recyclus Group signed a deal with Slicker Recycling to collect battery waste from around the UK and deliver it to its plants. Recyclus has unique technologies that allow it to reprocess both lead-acid and lithium-ion power units. Next year the business expects to deal with 16,000 tonnes of the former and 5,000 tonnes of the latter.
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF) said it intercepted additional high grades from its second underground hole at its Omagh project in Northern Ireland. The hole, part of a 4,000-metre (m) drilling programme, was drilled from the lowest level in the underground development at the Kearney Vein.
Mila Resources PLC (LSE:MILA) has been readmitted to the London Stock Exchange’s Main Market today following the reverse takeover of an initial 30% interest in the Kathleen Valley gold project and an exploration licence in Western Australia.
Thor Mining PLC (AIM:THR, OTCQB:THORF, ASX:THR) said more than 45 metres (m) of tungsten-molybdenum-copper mineralisation was intercepted at the Molyhil project in the Northern Territory of Australia.
Tharisa PLC (LSE:THS, JSE:THA), the South Africa-based chrome and platinum producer, said earnings in the year to end September 2021 have risen by between 128% to 134% to between US$37-38c.
Alien Metals Ltd (AIM:UFO, OTC:ASLRF) conditionally agreed to buy Platina Resources Ltd (ASX:PGM) (Platina Resources Ltd (ASX:PGM))’s 30% interest in the Munni Munni platinum group metals and gold project in Western Australia for a total of A$2.23mln (GBP1.2mln) in cash and shares. The Munni Munni project in the Pilbara region is one of the largest undeveloped primary platinum group elements (PGE) resources in Australia and is adjacent to Alien’s Elizabeth Hill project, which already hosts potential for further significant silver, copper, nickel and PGE mineralisation, Alien said.
Pembridge Resources PLC (LSE:PERE) said the reverse takeover to form Minto Metals Corp is complete. Pembridge will have an 11.2% stake in the TSX-venture-quoted mining group worth C$20.1mln based on the listing price.