https://newsletter.mw.creamermedia.com
Exploration|PROJECT|Projects|Proximity|Resources
Exploration|PROJECT|Projects|Proximity|Resources
exploration|project|projects|proximity|resources

Pathfinder completes reverse takeover of Rome Resources

26th July 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

London-listed Pathfinder Minerals has completed the reverse takeover of Canada-based exploration company Rome Resources, which owns tin projects in the Democratic Republic of Congo (DRC).

As a result of the reverse takeover, Pathfinder’s new name is Rome Resources.

The company also raised about £4-million through the issue of 1.33-million new ordinary shares with a nominal value of 0.1p each at an issue price of 0.30p a share.

"Today marks a new beginning and we are hugely pleased to have successfully delivered Rome Resources to London's Aim market while raising about £4-million.

“The fundraise demonstrates the appetite among investors for the projects in the DRC and enables us to advance exploration workstreams, as we seek to move the projects up the value chain.

“Our firm view is that Bisie North has the potential to be a highly strategic tin project to global supply. I look forward with much enthusiasm to updating shareholders in the months ahead," says Rome Resources CEO Paul Barrett.

Rome Resources has identified three prospective areas with high-grade tin-in-soil anomalies identified.

Its projects are in close proximity to JSE-listed Alphamin Resources' Mpama North mine, which is considered to be one of the world’s highest-grade tin mines.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (29/11/2024)
29th November 2024 By: Martin Creamer
Magazine video image
Magazine round up | 29 November 2024
29th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.21 0.305s - 185pq - 2rq
Subscribe Now