Horizonte Minerals has drawn down US$50 million from the second tranche of its senior debt facility of $346.2m to fund construction of its 100%-owned Araguaia nickel project in Brazil. REMAINING CAPITAL A total $465 million capital expenditure awarded to date has included payment for the majority of the key long lead items. The remaining project […]
Month: November 2024
Tullow Oil appoints Roald Goethe as NED
Tullow Oil plc appointed Roald Goethe as an independent non-executive director of Tullow with effect from 24 February 2023. Mr Goethe is an oil and gas executive with extensive commercial knowledge of the energy industry in Africa including business development, M&A, and in oil markets specifically hedging, financing and trading. In 1994, he joined Trafigura Group as […]
Galantas to add potential 20,000 oz gold from lower levels at Cavanacaw
Galantas Gold Corp plans to extract a potential 20,000 ounces gold a year from the dilation zones at the lower levels of Cavanacaw mine in Omagh, Northern Ireland. MINERAL RESOURCE ESTIMATE The Canadian company, which said it still lacked qualified underground miners, has also completed its first drill hole from underground on a third vein […]
Helium One-Noble to secure rig for Rukwa
Helium One Global Ltd and Noble Helium have agreed to co-operate to secure a suitable drilling rig, associated services and arrange logistics for its proposed drilling campaign at Rukwa in Tanzania. DRILLING CAMPAIGN In January, the company had to review alternative rig options after the expected rig became unavailable for Phase II drilling operations. The […]
Helium One appoints Kai Gruschwitz as technical director
Helium One Global Ltd has appointed Kai Gruschwitz as technical director. The company said it had issued 3,000,000 ordinary share options to Mr Gruschwitz. These will vest in three equal tranches over the next three years and are exercisable at 6.25p per share, a premium of 16.8% to the closing share price on 22 February […]
Ascent signs deal for Latam and Africa metals opportunities
Ascent Resources plc has signed a deal with Beryl International (Pty) Ltd to identify and potentially fund jointly “ESG [environment, social and governance] metals” opportunities in Latin America and Africa. COLLABORATION The strategic collaboration agreement will involve potential projects including Latam ESG metals already identified by Ascent and new African opportunities introduced by Beryl. The […]