Ormonde Mining, the Meath-based mineral exploration company, has rejected a $35m (€26m) takeover approach from Canada’s Almonty Industries.

Annual losses at Ormonde Mining — the Co Meath-based mineral exploration company with a focus on the Spanish market — increased nearly five-fold last year, on the back of a once-off impairment charge.

Irish mineral exploration company, Ormonde Mining has raised £1.4m (€1.7m) in fresh funding via a new share placing.

Irish exploration company, Ormonde Mining is in advanced talks regarding the funding of its headline asset — the Barruecopardo tungsten project in Spain.

Ormonde Mining is confident of finalising funding for the development of its headline asset — the Barruecopardo tungsten mine in western Spain — “over the coming months”.

IRISH exploration company, Ormonde Mining has applied to the mining authorities in Spain for the re-activation of the La Zarza copper mine in the south of the country.

ORMONDE Mining, the Co Meath-based mineral exploration company, has reported a loss of €242,000 for the six months to the end of June – significantly down on a loss of €379,000 for the first half of last year.

Ormonde Mining has reported a new mineral resource estimate for its Barruecopardo Tungsten project in Salamanca, Spain, prepared by independent consultants CSA Global Pty Ltd, which shows a threefold increase in resource tonnage.

ORMONDE Mining, the Co Meath-based metals exploration company has reported that latest drilling work from its Barruecopardo tungsten mine in Salamanca in Spain has gone well, with the potential existing for the company to increase its resource estimates at the site over the short term.

ORMONDE Mining, listed on both Dublin and London’s small companies markets, has had encouraging results from its gold prospecting in western Spain.

EXPLORATION company Ormonde Mining says drilling at its Barruecopardo system in northern Spain indicates potential for a new tungsten find.