Altona Rare Earths plc said it had now received the final placing funds of £57,500 from the placing closed in January, raising a total of £599,000 (before expenses) at 6.5 pence. As a result, a further 884,619 shares have been issued pursuant to the placing. In addition, Altona has also issued 493,207 shares to service […]
Month: November 2024
Scotgold to use £2m director loan in two tranches
Scotgold Resources plc has provided a short-term director loan of £2 million for its subsidiary, SGZ Cononish Ltd (SCL), operating the gold mine near Tyndrum, Scotland. The loan was offered following delays in increasing production at the Cononish gold and silver mine. Nathaniel le Roux, William ‘Bill’ Styslinger, Peter Hetherington and Ian Proctor, together with […]
Neptune takes stake in Pegasus West gas discovery
Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West gas discovery and surrounding acreage of P1724, P1727, P4257 and P2128 in the UK Southern North Sea. Pegasus West, discovered in 2014 and currently operated by Spirit Energy, lies in block 43/13b and forms part of the Greater Pegasus Area […]
Power Metal hatches investor line for resource fledglings
Power Metal Resources plc has established a new 100% owned subsidiary ‘incubator’ business, Power Capital Investments Ltd, to identify small, entrepreneurial business ventures with significant growth potential. The miner will fully fund Power Capital, which will provide support in business management, project development and corporate development. This will allow small companies to grow rapidly and […]
United applies for ASD-1X development lease at Abu Sennan
United Oil & Gas plc’s joint venture partner has notified the Egyptian authorities of a commercial discovery and applied for a development lease for the ASD-1X discovery well at Abu Sennan. Kuwait Energy Egypt (KEE) is the licence operator with United holding a 22% non-operating interest. The ASD-1X exploration well, located 12km to the north-east […]
Helium One prepares to drill Tai prospect
Helium One Global Ltd said it had identified new priority drill-ready targets ahead of its drill campaign in June at the Rukwa project in Tanzania. The news comes as the miner completed its extended 200km infill 2D seismic campaign which began in February. Data acquisition commenced in mid-March and, following encouraging results, a further 50 line kilometres was […]