Cora Gold Ltd has now closed its fundraise for gross proceeds of $19.803 million for its Sanankoro gold project in southern Mali. Since receiving $15,855,000 in February, the company has raised $3,928,169.26, before expenses, through the proposed issue of 80,660,559 new ordinary shares to certain existing shareholders and new investors. On admission, Cora’s share capital […]
Day: 15 November 2024
UKOG starts constructing Pinarova-1 drill pad-access road
UK Oil & Gas plc (UKOG) has begun construction of the drilling pad and access road for Pinarova-1 shallow oil exploration well on the joint venture Resan licence in Siirt province, Turkey. PINAROVA-1 Pinarova-1 lies 6km north of the Basur-1 oil discovery. The well is designed to test whether the active 41.7˚ API light oil seep is […]
Condor receives non-binding offers for La India
Condor Gold plc has received non-binding offers with further expected for its flagship La India gold project in Nicaragua. NON-DISCLOSURE AGREEMENTS The company is in the first phase of the sales process with “various parties having conducted site visits and others ongoing”. “Three formal expressions of interest including two non-binding offers (subject to further due […]
Tungsten West needs near-term funds
Tungsten West plc said it needed to find sufficient funds for the near future to avoid having to reassess the restart of Hemerdon tin-tungsten mine in Devon. FUNDING OPTIONS In August 2022, the company said it was in discussions for additional funds after its revised plans failed to meet the $49 million loan terms from […]
Tungsten West plans board changes
Tungsten West plc non-executive directors (NEDs) Francis Johnstone and Grace Stevens have stepped down with immediate effect. The news comes as the company appoints Neil Gawthorpe as its new chief executive officer. Additionally, senior independent NED Martin Wood will lead the audit and risk committee, effective immediately, replacing Ms Stevens. “I would like to thank Francis […]
Tungsten West appoints Neil Gawthorpe as CEO
Tungsten West plc has appointed Neil Gawthorpe as chief executive officer with immediate effect and to the board imminently. He takes up the post after the company’s co-founder and former CEO Max Denning left in July 2022. Mr Gawthorpe has nearly 30 years’ experience in the mining industry, working in various roles, both operationally and […]