Horizonte Minerals (LON:HZM) completed a US$25mln royalty transaction with Orion Mine Finance and drawn down the funds. The cash will help fund the pre-construction work at its nickel plant at Araguaia in Brazil.
Ariana Resources PLC (LON:AAU) enjoyed one its strongest quarters ever for revenues generated. Production from the Kiziltepe mine in Turkey was just shy of 7,000oz and was combined with a very strong gold price boosted sales, said managing director Karim Sener.
First Berlin Equity Research GmbH said BlueJay Mining PLC (LON:JAY) has a “bright future” ahead at its Dundas titanium project in Greenland, when it started coverage on the stock with a 'buy’ recommendation and 21.8p price target.
Jubilee Metals Group PLC (LON:JLP) announced an agreement with Hernic Ferrochrome Pty Ltd, one of the world’s largest ferrochrome producers, to acquire 100% of the rights to earnings from the current and future tailings produced at the Hernic Project in South Africa.
Chrome and platinum miner Tharisa PLC (LON:THS ) welcomed the Zimbabwe government’s decision to make part of the Karo licence a special economic zone (SEZ).
Vast Resources PLC (LON:VAST) inked documentation for a new US$13.5mln financing arrangement which is set to cover the costs of reaching production at the both the Baita Plai mine in Romania and the Chiadzwa diamond project in Zimbabwe.
Ncondezi Energy Ltd (LON:NCCL) secured finance for its first solar energy and battery storage facility for a commercial customer in Mozambique. It also said it progressing towards “key” contracts after strategic partner China Machinery Engineering Corporation (CMEC) completed a site visit to its coal-power project in Mozambique.
Bacanora Lithium Group PLC (LON:BCN) said that it now has a “clear line of sight” towards construction at the Sonora lithium project in Mexico.
Resolute Mining Ltd (ASX:RSG) (LON:RSG) said its sulphide roaster at the Syama Gold Mine in Mali will be repaired and fully operational in about six weeks’ time.
Thor Mining PLC (LON:THR, ASX:THR) has raised £510,000 in a share placing to progress work at its core Molyhil and Bonya projects in Australia’s Northern Territory.
Landore Resources Limited (LON:LND) is expecting an increased gold resource from its BAM deposit at the Junior Lake project in Ontario, Canada, following a drilling campaign at the site this year.