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  2. Share Prices
  3. Alba Mineral Resources Share Price
  4. Alba Mineral Resources Share News
  5. Alba Mineral's Greenlandic spinoff plans London listing, shares boosted

Pin to quick picksAlba Mineral Resources Share News (ALBA)

Alba Mineral Resources Information

Share Price Information for Alba Mineral Resources (ALBA)

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Share Price: 0.07
Bid: 0.065
Ask: 0.075
Change: 0.00 (0.00%)
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Open: 0.07
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Alba Mineral's Greenlandic spinoff plans London listing, shares boosted

Fri, 03rd Sep 2021 10:39

(Alliance News) - Alba Mineral Resources PLC shares on Friday shot up as the gold miner revealed its Greenlandic spinoff plans to list on London's AIM.

GreenRoc Mining PLC's initial public offering will see 111.2 million shares issued at 10 pence, giving it an expected market capitalisation of GBP11.1 million on admission.

Shares in Alba rose 10% at 0.26 pence in London on Friday morning trade.

The IPO will take place in mid-September.

GreenRoc was established by Alba in March to acquire all of its Greenlandic mining assets, which are the Thule Black Sands ilmenite project, the Amitsoq graphite project, the Melville Bay iron project and the Inglefield multi-element project.

Alba is set to receive GBP6 million in GreenRoc shares, which will represent around a 54% stake.

By Josie O'Brien; josieobrien@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Alba reports progress at Clogau-St David's Gold Mine

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IN BRIEF: Alba Mineral to start sampling of Llechfraith gold target

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GreenRoc says Greenland law change will accelerate Amisoq project

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IN BRIEF: Alba Mineral Resources gains de-watering permits in Wales

Alba Mineral Resources PLC - northern Europe-focused mineral explorer - Natural Resources Wales grants permission for formal variations to existing discharge and abstraction permits. This will enable Alba to de-water the Lower Llechfraith workings, the principal gold target at its Clogau-St David's gold mine in north Wales "at significantly higher rates" of up to 250 cubic metres per day.

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IN BRIEF: Alba Mineral hopes for Lower Llechfraith dewatering permit

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GreenRoc raises GBP460,800 in placing towards feasibility study

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