UK Oil & Gas plc (UKOG) has raised gross proceeds of £1.25 million via a discounted placing of 1,428,571,428 new ordinary shares at 0.0875 pence per share. PLACING The company said that the placing price represented a discount of approximately 27% to the closing price of 0.12 pence per ordinary share on 26 July 2022. […]
Day: 15 November 2024
Galantas agrees further $530,000 from Ocean and extends £1m loan
Galantas Gold Corporation said it had signed a further loan agreement for US$530,000 and extended its current £1.06 million loan with Ocean Partners UK Ltd for the Cavanacaw mine in Omagh, Northern Ireland. USES The Canadian company said it would use the funds to development underground mining operations and for working capital. Ocean Partners offers […]
Anglesey Mining starts work on Parys TMS
Anglesey Mining plc has started work on the tailings management system (TMS) for its base and precious metals project at Parys Mountain in North Wales. KNIGHT PIÉSOLD Parys Mountain hold a copper-zinc-lead-silver-gold with a 2020 reported resource of 5.2 million tonnes at 4.3% combined base metals in the indicated category and 11.7Mt at 2.8% combined […]
Neptune begins drilling Ofelia exploration well
Neptune Energy has started drilling on the Ofelia exploration oil well in the Norwegian sector of the North Sea. OFELIA The Ofelia prospect is located 13km north of the Gjøa field within the Neptune-operated PL929 licence, and lies in one of Neptune’s core areas and close to existing infrastructure. The reservoir target is the Lower […]