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Weatherly’s operations remain in limbo

Weatherly International may soon close its doors, as its finances are unable to support its day-to-day operational requirements. As a result of the material uncertainty regarding the company’s operational and financial position, the directors have now appointed Simon Kirkhope and Andrew Johnson of FTI Consulting LLP as administrators to the …

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GoviEx closes C$6 million financing

GoviEx Uranium Inc. has closed a private placement financing of 35,674,911 units at a price of C$0.17 per Unit, with each unit consisting of one class A common share and one Class A common share purchase warrant for gross proceeds of C$6,064,734.87. According to the company, each warrant entitles the …

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Precision networking key to mining efficiency

Paratus Zambia says precision mining, using innovative wireless technology to optimise efficiencies is the future of mining sector according to connectivity specialist. According to the company, the country’s low-grade ore bodies is increasingly looking for economies of scale and ultra-efficient systems in order to remain profitable, and the latest state-of-the-art …

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