Former AVZ Minerals director Peter Huljich has accused several of the company's board members of defamation, ahead of the lithium hopeful's annual general meeting today.
One-time market darling AVZ Minerals has been hit with a major regulatory setback, just weeks after the launch of a shareholder class action against the aspiring lithium miner.
AVZ Minerals has extended the suspension of its shares after pushing out the target completion date for a company-defining deal for its lithium project in Africa.
AVZ plans to spend $75 million raised from institutional investors to start early site works at its Manono project but conceded a mining licence was taking longer than previously anticipated.
David Reeves has resigned as non-executive chair of European Metals in order to concentrate on his executive role and the development of the Warrawoona Gold Project for Calidus Res
AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.
AVZ Minerals is seeking to raise up to $10 million via a share purchase plan, primarily to advance its Manono lithium and tin project in the Democratic Republic of Congo.
AVZ Minerals has announced the resignation of executive chairman Klaus Eckhof, weeks after he sold off half his stake for $4.4 million, while also signing up Perth-based CPC Engineering to complete a scoping study for its Manono lithium project in the Democratic Republic of Congo.
African Energy Resources has announced that current managing director Frazer Tabeart will become an executive director of investor relations and business development, and Bill Fry becomes executive
Gold explorer Okapi Resources has enjoyed fruitful gains on its first day as a listed company, which came nine months after its directors attempted to float the business as Huntsman Resources.
Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.
Shares in junior explorer AVZ Minerals have skyrocketed on news the Perth company has struck an agreement to acquire a majority stake in a lithium mine in Africa, and has raised $5 million to fund the deal.
Perth-based gold exploration company Huntsman Resources is seeking to list on the ASX with the launch of its prospectus for a $4.5 million initial public offering.
