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IN BRIEF: Ormonde Mining acquires stake in Canadian miner TRU

Fri, 30th Jun 2023 21:45

Ormonde Mining PLC - focussed on the evaluation and execution of new opportunities, currently holds 20% stake in battery metals explorer Peak Nickel Ltd - Announces proposed investment in Toronto-listed exploration company, TRU Precious Metals Corp. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada. Ormonde is to buy an initial 36.2% interest in TRU through a private subscription for 60 million shares of TRU at CAD0.05 per share for a total consideration of CAD3 million. Potential to increase shareholding to up to 46.0% through the exercise of warrants.

Current stock price: 0.75 pence

12-month change: down 99%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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27 Jan 2020 17:25

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25 Nov 2019 15:33

Ormonde Mining Says Barruecopardo Mine Prepares Further Tungsten Sales

25 Nov 2019 14:32

Ormonde reports some setbacks at Barruecopardo

(Sharecast News) - Ormonde Mining updated the market on tungsten concentrate sales by Saloro, the operator of the Barruecopardo Tungsten Mine in Salamanca, Spain, in which Ormonde held a 30% joint venture interest on Monday.

17 Oct 2019 16:54

Ormonde joint venture Saloro enters into new EUR 10m loan facility

(Sharecast News) - Ormonde Mining reported on Thursday that Saloro, the operator of the Barruecopardo Tungsten Mine in Spain in which Ormonde holds a 30% joint venture interest, has entered into a €10m, 12 month term loan facility to be provided by funds managed by Oaktree Capital Management.

17 Oct 2019 12:02

Ormonde Mining Notes New EUR10 Million Term Loan For Saloro

1 Oct 2019 12:57

Ormonde Mining Interim Loss Widens Amid Barruecopardo Mine Ramp Up

20 Sep 2019 11:56

Ormonde Notes Barruecopardo Higher Grades And Waste Stripping Progress

(Alliance News) - Ormonde Mining PLC on Friday said tungsten grades at the Barruecopardo mine in Spain have improved and there has been "significant progress" on waste stripping at the a

20 Sep 2019 10:54

Ormonde reports solid progress at Barruecopardo Tungsten Mine

(Sharecast News) - Ormonde updated the market on the Barruecopardo Tungsten Mine in Salamanca, Spain on Friday, which was currently in the first year ramp-up operational phase, and was being operated by Saloro, in which Ormonde holds a 30% beneficial interest.

19 Jun 2019 13:13

Ormonde Mining's losses widen ahead of 'challenging' year

(Sharecast News) - Ormonde Mining's shares slid on Wednesday after reporting a wider annual loss on the back of a jump in administrative expenses and after notifying that initial ore mined from the Barruecopardo Tungsten Project's northern starter pit has been lower grade than anticipated.

19 Jun 2019 12:00

Ormonde Mining Annual Loss Widens On La Zarza Project Impairment

(Alliance News) - Ormonde Mining PLC on Wednesday posted a widened annual loss due to higher administrative expenses and a substantial impairment relating to La Zarza.Shares in Ormonde were

23 May 2019 12:14

Ormonde Mining Says Spain Plant Commissioning Effectively Complete

LONDON (Alliance News) - Ormonde Mining PLC said Thursday it had "effectively" completed the process plant commissioning at its tungsten project in Spain as it now looks to target higher

26 Feb 2019 15:44

Ormonde pleased with recent progress at Barruecopardo

(Sharecast News) - Ormonde updated the market on the construction and commissioning of the Barruecopardo Tungsten Project in Salamanca, Spain on Tuesday, where it held a 30% interest, reporting that open pit mining of surface tungsten ore zones began in January.

26 Feb 2019 14:20

Ormonde Mining Progresses On Open Pit Operations At Barruecopardo

LONDON (Alliance News) - Ormonde Mining PLC on Tuesday said the first ore has now been introduced to the process plant at the Barruecopardo tungsten project in Salamanca, Spain.Ormonde 30%

14 Dec 2018 11:37

Ormonde Mining boosted as Spanish tungsten project remains on schedule

(Sharecast News) - Ormonde Mining's shares jumped on Friday as it told investors that development schedule at its 30% owned Barruecopardo tungsten mine has progressed in line with previous guidance.

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IN BRIEF: Ormonde Mining acquires stake in Canadian miner TRU

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