Red River Resources

Plymouth Minerals has announced it will tap investors for $6.5 million through a strongly supported share placement to develop its San Jose lithium project in Spain. The company will issue 36.4 million shares at 18 cents each, a 12.8 per cent discount, with demand coming from domestic and international institutional investors. Proceeds from the placement will be used to complete the feasibility study for the San Jose project. To read more, please Login or Register below

Plymouth Minerals is moving quickly with development planning for its cracking new Lithium resource in Spain, with bulk samples already on their way for testing by the company’s Lithium processing partner in China. Earlier this week, Plymouth announced a 21% increase in tonnes with no reduction in grade at its San Jose Lithium mica deposit.

South African mining giant Gold Fields has spent $64.3 million to take up a 10 per cent stake in Perth-based Gold Road Resources, as the two companies jointly develop the Gruyere project. Gold Fields acquired the 74.8 million shares at a price of 86 cents each, representing a 27 per cent premium to Gold Road’s last closing price.