Borders & Southern Petroleum plc said it would likely seek additional funds by the end of January 2022 for its hydrocarbon project in the Falkland Islands. FINANCES In its unaudited half year financial statements to 30 June 2021, the company’s cash balance decreased to $1.35 million (30 June 2020: $2.56m). Operating loss for the period was […]
Month: November 2024
Power Metal nears acquisition of Wallal
Power Metal Resources plc is closer to acquiring First Development Resources Australia (FDR Australia) with its two copper-gold Wallal exploration licences in the Paterson Province of Western Australia. LICENCES The news follows the granting of licences E45/5816 – Wallal Main and E45/5880 – Wallal West 2 to FDR Australia. The Wallal Main licence hosts two magnetic […]
West Newton-A plans refused for six further wells
The West Newton joint venture (JV) has today had its plans for six more wells refused by East Riding of Yorkshire Council. RECOMMENDATION The partners had hoped to treble the site from two existing wells, WN-A and WN-A2, to drill and produce oil over a period of 25 years. A public consultation was held earlier […]
Galantas Gold appoints Brendan Morris as a director
Galantas Gold Corporation has appointed Brendan Morris as a director of the company. Mr Morris was made chief operating officer in May this year.
Horizonte secures $346.2m for Araguaia ferro-nickel
Horizonte Minerals plc announced credit approvals from five international financial institutions of up to US$346.2 million to fund the construction and development of its Araguaia ferro-nickel project in Brazil. TRANCHES The institutions are BNP Paribas Securities Corp; ING Capital LLC; Natixis, New York branch; Société Générale; and Swedish Export Credit Corporation. The syndicate is in […]
Cadence could see copper added to its lithium interests
Cadence Minerals plc said it could have exposure to copper assets following Castillo Copper Ltd’s 90-day option agreement for lithium projects in which the mining investor has interests. EXPOSURE Cadence owns a 29% shareholding in Lithium Technologies Pty Ltd (LT) and Lithium Supplies Pty Ltd (LS) which have signed the deal. Following due diligence, Castillo […]