24.3 C
Belgrade
Supported byspot_img
spot_img

FinnAust Mining expands copper-gold-zinc licenses in Finland

Member of Europium Groupspot_img
Supported byspot_img

London based copper mining developer FinnAust, which has copper, zinc and nickel projects in Finland, Austria and Greenland, said it has been granted additional licences around the Hammaslahti copper-gold-zinc project, the Outokumpu copper project and the Kelkka nickel project, all in Finland.

FinnAust Mining PLC on Thursday said it has secured further licences around its three projects in Finland, while it still is awaiting regulatory approval in Greenland for the acquisition of Bluejay Mining Ltd.

The expansion of its licence area will boost its Finnish portfolio and position the company for when the commodity prices improve.

Supported by

“Our Finnish assets are highly prospective and the receipt of these additional licences demonstrate our commitment to the Finland project areas and highlight the value upside we still see in this region,” said Roderick McIllree, FinnAust’s chief executive.

Elsewhere, the group said it is still awaiting approval from authorities in Greenland for its acquisition of a 60% stake in Bluejay Mining Ltd. FinnAust said the approval was taking longer than expected but said it remains confident the deal will be done soon.

source; LSE.co.uk

Supported byElevatePR Digital

Related News

Canada Nickel reveals initial resource estimate for Deloro project, underscoring Timmins District prospects

Canada Nickel has announced the initial mineral resource estimate for its Deloro nickel sulphide project, located in Ontario's Timmins-Cochrane mining camp. This estimate marks...

Resouro Strategic Metals unveils extensive resource estimate for Tiros titanium and rare earths project

Resouro Strategic Metals, a recent entrant into Brazil’s rare earths sector, has unveiled a significant resource estimate for its Tiros project located in Minas...

NMMC targets $1 billion investment in 2024 to expand gold production capacity

Navoi Mining and Metallurgical Combine (NMMC), the world’s fourth-largest gold producer and Central Asia’s largest gold miner, has announced an ambitious investment program for...

U.S. and Kazakhstan strengthen energy partnership at 2024 Strategic Dialogue in Astana

On July 18, 2024, the U.S. Department of State and the Department of Energy, in partnership with Kazakhstan’s Ministry of Foreign Affairs and Ministry...
Supported by
Supported by
Supported by
error: Content is protected !!