Claim made by Venus Metals Corporation: Spectrum Metals

Spectrum Metals Limited (ASX: SPX) has advised that further to the Company’s announcement made on 10 October 2019 and now that all parties have filed appearances to the Supreme Court Proceedings, SPX will take all necessary steps to expedite the proceedings with a view to the trial being listed no later than the first quarter of 2020.

Zenith Minerals secures new rare earths project - Wyoming USA

Zenith Minerals has secured the Laramie REE Project in Wyoming USA. Wyoming is home to multiple existing major mining operations (coal and uranium) and has local engineering and construction companies capable of supporting mine project development. The project area has excellent existing infrastructure being located 3km from the national road network, 30km to interstate and 35km to rail, in addition Wyoming has abundant low-cost commercial electricity.

Mali Lithium raises $4.25m from Rights Issue

Mali Lithium (ASX: MLL) has announced the successful completion of the renounceable Rights Issue offered on the basis of 1 new share for every 4 shares held at $0.08 per share under a Prospectus lodged with ASIC on 18 September 2019. For every 2 new shares, investors receive one free listed option with exercise price of $0.15 and term of two years.