Arkle Resources plc has expanded its exploration footprint with three lithium licences in Zimbabwe. ZIMBABWE Awarded in June, the “low-cost entry” prospecting licences cover 163 hectares in the Insiza District of the Matabeleland South Province. Chairman John Teeling described the acquisitions as a “toe-in-the-water exercise” by the company’s directors who have long experience in the country. CARRICKITTLE WEST […]
Day: 15 November 2024
Serica and Kistos withdraw offers to merge
Serica Energy plc and Kistos plc today confirmed they would not make an offer to merge as one North Sea oil and gas company. REJECTIONS Serica said that on 12 July, Kistos rejected a possible offer from the company made on 8 July 2022. Serica added that subsequently it had been impossible to reach agreement […]
Galantas to raise C$4m via private placement
Galantas Gold Corporation said it aimed to raise CAD$4 million (£2.56m) through a private placement for its operations at Cavanacaw gold mine in Omagh, Northern Ireland. USES The Canadian company added it would use the net proceeds to explore and develop the Joshua target, working capital and general corporate purposes. TERMS Galantas has entered into […]
Horizonte awards civil works contract for Araguaia
Horizonte Minerals plc has awarded Companhia Paranaense de Construção S.A. (Copa) the industrial civil works contract for the construction of its 100%-owned Araguaia nickel project in Brazil. INSTALLATIONS Earlier this year, the company also awarded Copa the earthworks services contract at the project. The new contract covers the supply and installation of the process plant […]
Initial date set for Union Jack’s capital reduction
Union Jack Oil plc (UJO) said an initial hearing date had been set for the company’s capital reduction exercise. TIMETABLE The exercise was approved in a special resolution at the company’s general meeting on 23 June 2022. Following Union Jack’s application to the High Court of Justice, the initial hearing is scheduled for 12 August […]
Altus shareholders approve Elemental merger
Altus Strategies plc said it had gained majority shareholder approval for its proposed merger with Elemental Royalties Corp. MAJORITY Once completed Elemental shareholders will own 52.9% and Altus shareholders 47.1% of the enlarged mining royalty company Elemental Altus Royalties Corp. Each company will nominate four directors to the board for a total of eight. The […]