Mining Companies Secure Funding and Advance Projects

  • 📰 MiningOnline
  • ⏱ Reading Time:
  • 23 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Business News

Mining,Funding,Exploration

Several mining companies are making progress on their projects, securing funding and advancing exploration activities. Anglesey Mining raised £220,000 to develop its sites in Wales and Sweden, while Empire Metals commenced environmental impact assessments for its Pitfield Project in Australia. Technology Minerals' subsidiary recycled 4,000 lithium-ion battery modules, and ECR Minerals Plc started drilling at its Tambo gold project.

Anglesey Mining has successfully raised £220,000 through a direct subscription of shares. The funds will be used to advance development at Parys Mountain in Anglesey, Wales and explore options at the Grängesberg Iron Ore Mine in Sweden. Additionally, the funds will be allocated for debt repayment and general working capital purposes. The company is actively seeking additional funding to ensure continued operations.Anglesey Mining's shares last traded at £0.0135.

These studies will inform project design and approvals as the company moves towards commercialisation.Empire is engaging with local stakeholders and has secured exploration access agreements with landowners covering over 18,000 hectares. The company's share was last seen at £0.0817.Technology Minerals' subsidiary, Recyclus Group, completed a recycling program for 4000 lithium-ion battery modules from electric vehicles.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 117. in CA

Canada Canada Latest News, Canada Canada Headlines