Source - Alliance News

Rockfire Resources PLC - base metal, gold and critical mineral exploration company - Raises £880,000 through Paloma Precious DMCC subscribing for 400 million shares at £0.22 per share. Believes this long-term partnership is a very logical one, particularly with the increasing demand for silver in the solar energy industry. Proceeds will allow the start of resource upgrade drilling at Molaoi and an updated mineral resource, company says. Following the subscription, Paloma holds 22% of Rockfire. David Price Chief Executive says: ‘The company is pleased to confirm it now has sufficient funds to commence the resource upgrade drilling, as well as delivering an updated JORC resource estimate.’

Current stock price: 0.34 pence

12-month change: down 32%

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