Cornish Metals Inc has intersected high grade copper-tin-silver mineralisation in its diamond drill programme at the United Downs project in Cornwall. The Canadian miner drilled hole UD21_001 to a total depth of 260.24m and intersected one zone of high-grade tin and the second with tin-copper-silver mineralisation. The drill programme follows the discovery in April 2020 […]
Month: November 2024
Power Metal raises £47,368 via warrant exercise
Power Metal Resources plc raised £47,368 following notices to exercise warrants over 6,315,789 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 6,315,789 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each.
IGas RBL shows debt headroom of $8.6m
IGas Energy plc confirmed it had US$27 million (£19.5m) of debt capacity and current headroom of $8.6m (£6.2m). The figures come from the onshore oil and gas company’s six-monthly Reserves Based Lending (RBL) facility redetermination exercise. As at 30 June 2021, the onshore oil and gas company’s cash balances stood at $3.6m, with net debt […]
Kavango raises £60,000 via director subscription
Kavango Resources plc raised £60,000 from a director subscription for 1,090,911 new ordinary shares in the company on the same terms at the placing announced yesterday (5 July). Chief executive Ben Turney subscribed for 727,274 new ordinary shares (363,637 in his name and 363,637 through private company Dynamic Investor Relations, 70% of which Mr Turney […]
Altona rules out Nankoma project
Altona Rare Earths plc has decided against exercising its option to acquire 51% of Leadway Group Ltd because it was unable to complete due diligence on the Nankoma project in Uganda. The company today said that Nankoma, a greenfield project, was considered a low-interest acquisition target by the board because there was no historical exploration data […]
Predator plans further drilling after gas shows at Guercif
Predator Oil & Gas Holdings plc said that evidence from the drilled MOU-1 well supported a pre-drill geological interpretation for a deep gas “kitchen” in Guercif, northern Morocco. BUSINESS STRUCTURE Predator (75%) operates Guercif in joint venture with the Office National des Hydrocarbures et des Mines (ONHYM) acting on behalf of the Moroccan state (25%). […]