Power Metal Resources plc has received £107,213 following notices to exercise warrants over 11,773,926 new ordinary shares of 0.1 pence each in the company. Exercise of 7,563,400 warrants was at 1.0 pence per ordinary share and 4,210,526 warrants at 0.75 pence per ordinary share. Following admission, the company’s issued share capital will comprise 1,087,181,372 ordinary shares […]
Day: 15 November 2024
WCM submits licence variation to mine applications
West Cumbria Mining Ltd (WCM) has submitted two licence variations to applications for its proposed deep coal mine under the Irish Sea off the coast of Cumbria. DECISION On 15 January 2021, the Coal Authority received from the company an application for a conditional underground licence – variation for Whitehaven Offshore No.2 Area and for […]
Altona raises new funds after £11m impairment
Altona Energy plc recorded £11 million impairment of historic Australian coal assets as the company continues its transformation into an African-focused rare earths miner. For the year ended 30 June 2020, Altona reduced loss before taxation to £228,000 compared with £11.6m during 2019. The impairment of the intangible assets of £11,033,000 was due to Altona […]
Altona Energy share placing to raise £523,000
Altona Energy plc announced it had received subscription letters in respect of a further fundraising of approximately £523,000 before expenses, at an issue price of 6.5 pence per share. The company today said it had received £168,214 from the new investors and issued 2,587,909 new ordinary shares. The balance of the funds, £355,139, is expected […]