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Share Price: 1.30

Bid: 1.20

Ask: 1.40

Change: 0.00 (0.00%)

Spread: 0.20 (16.667%)

Open: 0.00

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Prev. Close: 1.25

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IN BRIEF: Jangada drills 19 holes At Pitombeiras; sells ValOre shares

Tue, 09th Mar 2021 17:51

Jangada Mines PLC - London-based natural resources company - Completes drilling of 19 holes totalling 1,157 linear metres at Pitombeiras vanadium project in Brazil. Of the 19 holes, 15 intersected vanadium titanomagnetite mineralisation, which confirms continuity of mineralisation within the existing deposit and will be used for the upgrade of current mineral resources.

Also announces the sale of 3.88 million shares in ValOre shares for CAD0.30 each, totalling CAD1.2 million. Proceeds will go towards funding the ongoing explorations and working capital purposes at Pitombeiras project.

Jangada Mines now holds 10.6 million ValOre, reflecting an 8.9% interest.

Current stock price: 8.74 pence

Year-to-date change: up 88%

By Dayo Laniyan; dayolaniyan@alliancenews.com

More News

24 Feb 2021 18:08

TRADING UPDATES: Jangada Banks CAD600,000 From ValOre Stake Sale

24 Feb 2021 09:25

Jangada sells two million shares in ValOre Metals

(Sharecast News) - Natural resources company Jangada Mines has sold two million of its common shares in ValOre Metals at a price of 30 Canadian cents per share, it announced on Wednesday, providing it with gross proceeds of CAD 0.6m (£0.34m).

19 Feb 2021 11:23

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19 Feb 2021 10:22

Jangada Fully Funded To Complete Next Phase In Brazil After Fundraise

18 Feb 2021 19:20

TRADING UPDATES: Oxford Metrics Trades In Line; Horizonte In Fundraise

17 Feb 2021 11:27

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17 Feb 2021 10:50

Jangada Says ValOre Ups Placement To CAD8 Million For Brazil Project

16 Feb 2021 15:47

Jangada upbeat on latest economic assessment at Pitombeiras

(Sharecast News) - Natural resources company Jangada Mines announced the results of a preliminary economic assessment on its wholly-owned Pitombeiras Vanadium Project in Brazil's Ceará State on Tuesday, reporting that it delivered "very robust" project economics.

16 Feb 2021 11:31

AIM WINNERS & LOSERS: Cornish Metals Jumps 40% On AIM Debut

16 Feb 2021 10:18

Jangada Says Brazil Mine Has Strong Potential And "Robust Economics"

15 Feb 2021 12:08

IN BRIEF: Jangada Gets Third Tranche Of Post-Completion ValOre Shares

1 Feb 2021 14:37

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29 Jan 2021 18:26

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29 Jan 2021 16:03

Jangada secures strategic shareholding in Fodere Titanium

(Sharecast News) - Natural resources company Jangada Mines has secured a strategic shareholding position in Fodere Titanium, it announced on Friday, with its investment into Fodere now standing at £0.47m, representing about 3.6% of Fodere's current capitalisation.

25 Jan 2021 19:18

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IN BRIEF: Jangada drills 19 holes At Pitombeiras; sells ValOre shares

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