Power Metal Resources plc raised £100,000 following notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are issued pursuant to the exercise of 5,000,000 warrants at an exercise price of 2.0 pence per ordinary share of 0.1 pence each in the company.
Month: November 2024
Tungsten West secures granite offtake deal
Tungsten West Ltd has secured an exclusive deal to sell granite from its Hemerdon tungsten-tin mine near Plympton in Devon. SIGNIFICANT The multi-million pound venture between the company’s subsidiary West Aggregates Ltd and GRS Group, involves secondary aggregate to be transported nationwide by sea and rail. GRS expects to distribute annually more than a million […]
IGas plans to produce hydrogen from methane in Surrey
IGas plc said it had submitted two planning applications to Surrey County Council to produce hydrogen from methane at its Albury and Bletchingley projects. OUTLINE Surrey County Council’s website to date shows only the proposals for the company’s plans for Albury. IGas aims to produce 1,000 kg hydrogen per day from the site which lies […]
Serica starts Rhum 3 gas production 16 years after first drill
Serica Energy plc announced the start of production from the Rhum R3 gas well some 16 years after it was originally drilled in the North Sea. OPTIMISATION The independent upstream oil and gas company has more than 80% natural gas production and holds a 50% working interest in the Rhum field. First production was achieved […]
Power Metal confirms further bullseye Cu-Au anomaly at Paterson
Power Metal Resources plc announced it had identified a bullseye magnetic anomaly on its conditional copper-gold acquisition projects in the Paterson Region of Western Australia. LICENCES The Paterson projects are held by First Development Resources Pty Ltd (FDR Australia) and include the Wallal, Braeside West and the Ripon Hills projects. In April 2021 Power Metal […]
Altus confirms new parallel gold zone at Tabakarole
Altus Strategies plc confirmed the discovery of a significant new parallel zone of gold mineralisation at its joint venture Tabakorole gold project in southern Mali. RESULTS The current drilling programme is designed to test the potential to expand the Tabakorole deposit on which a mineral resource estimate (MRE) has been modelled. Results from eight diamond […]