First Class Metals plc has raised £300,000 via a private subscription for 1,875,000 ordinary shares at a price of 16p from a single high net worth resource/battery metals investor. PREMIUM The subscription includes a one-for-one warrant totalling 1,875,000 warrants each at 22p for a three-year period. The private subscription is at a 4% premium to […]
Month: November 2024
Tungsten West spending and losses rise
Tungsten West plc recorded a loss of £5.1 million and increased spending to £6.4m during the first half of 2022 at its Hemerdon tin-tungsten project near Plymouth in Devon. EXPECTATIONS The group’s H1 results for the six months ended 30 September 2022 were marked by the departure of co-founder and chief executive Max Denning and […]
Block agrees farm-out for licence XIB
Block Energy plc has signed a farm-out agreement with Georgia Oil and Gas Ltd (GOGL) for 50% of its XIB licence in Georgia. LICENCE XIB The licence covers a total 614 km2 and includes the Patardzeuli, Samgori, Teleti and Rustavi fields which Block said had produced more than 180 MMbbl of oil. The company added that the portions of […]
GreenRoc Mining raises £315,000 via discounted placing
GreenRoc Mining plc has raised £315,000 through a discounted placing of 7 million new ordinary shares each at a price of 4.5 pence. DISCOUNT The placing price represents a discount of 13.5% to the closing price per GreenRoc ordinary share of 5.2 pence on 8 December 2022. It is also a discount of 7.1% to […]
Galantas agrees $800,000 sale of call options
Galantas Gold Corporation has entered into an agreement with Ocean Partners UK Ltd to sell call options on 6,000 oz gold over 12 months on behalf of the company for US$804,000. USES Ocean will sell the call options at 500 oz per month from February 2024 to January 2025 at a strike price of $1,775 […]
Oriole to write down £1.45m for Thani Stratex gold
Oriole Resources plc said it would write down £1.45 million for the carrying value of its Thani Stratex interest after its investee company relinquished the Hodine gold exploration licence in Egypt. BUSINESS STRUCTURE The licence, containing the Anbat and Hutite projects, lies in the southeast of the country. Oriole holds a 24.94% interest in privately-owned […]