Articles Tagged "Tungsten Company News"

Almonty Announces its Decision not to Proceed with an Offer for Ormonde Mining

Tungsten – Almonty Industries Inc. (TSXV:AII) announced that it has decided not to proceed with an offer for Ormonde Mining (LSE:ORM), following the confirmation earlier today that Ormonde had gained shareholders approval to receive financing from Oaktree Capital. Accordingly, Almonty is restricted under Rule 2.8 of the Irish Takeover Rules.

Blackheath Resources Commissions Mineralia Minas for Environmental Services, Internal Scoping Studies at Borralha

Tungsten – Blackheath Resources Inc. (TSX:BHR) has commissioned Portuguese geological and engineering firm Mineralia Minas, Geotecnia e Construcoes, Lda., to provide environmental services and internal scoping studies for the Santa Helena Breccia within the historic Borralha Tungsten Mine in Portugal. Mineralia will be providing environmental and water table impact studies, initial scoping studies, and drill targeting for the next round of drilling.

Colt Resources Enters Agreement with Senior Secured Note Holder for Debt

Tungsten – Colt Resources Inc. (TSXV:GTP,FWB:P01,OTC:COLTF) reported its offer to convert shares of its senior secured debt of US$2,700,000 to all of its existing senior secured note holders. In connection with this, Colt entered an agreement with Mr. Richard Quesnel, one of the note holders, to issue 14,233,857 units at a deemed price of CA$0.175 per Unit in payment of a US$2,000,000 senior secured note and all accrued interest.

Premier African Minerals’ Process Plant Complete and Ready to be Shipped; Second Tranche of Loan Approved

Tungsten – Premier African Minerals Ltd. (LSE:PREM) announced that the process plant for its RHA tungsten project in Zimbabwe is complete and ready for shipment. The company also reported that it will be receiving the second tranche of the financing for the amount GBP750,000 as Darwin Strategic Ltd. has confirmed that Premier has met the necessary conditions.