Corcel plc said that its partner Battery Metals Pty Ltd (BMA) intends to exercise its pre-emption rights to buy out the company’s 41% interest in the Mambare nickel-cobalt project in Papua New Guinea (PNG). LEGAL The move could hinder Corcel’s new joint venture Integrated Battery Metals (IBM) announced on 1 March to hold its PNG assets […]
Day: 15 November 2024
GreenRoc Mining awards total 600,000 share options to two NEDs
GreenRoc Mining plc has granted 300,000 share options at an exercise price of 10 pence over new ordinary shares to non-executive director (NED) Lars Brünner and independent NED Mark Rachovides. The company said that neither NEDs had previously been awarded share options. For each NED, 225,000 options are vested; 37,500 vest on 28 June 2023; […]
Red Rock issues 15m shares in Riverfort debt settlement
Red Rock Resources plc has issued 15,055,706 new ordinary shares of £0.0001 in settlement of a £25,000 debt owed to Riverfort Global Opportunities PCC Ltd. The shares were issued each at a price of 0.1661 pence. Following admission, the company’s total issued share capital will consist of 1,563,333,034 ordinary shares, each with one voting right. […]
Serica Energy’s profits boosted by investment in North Sea assets
Serica Energy plc said increased production from 2021 investment and higher gas prices had resulted in higher profits from its offshore oil and gas operations in the North Sea. FINANCES For the year ended 2022, the company generated profit before tax of £488.2 million for 2022 (2021: £135.1m). After current and deferred tax provisions of […]
Serica chairman Tony Craven Walker to stand down
Serica Energy plc’s chairman Tony Craven Walker will after 18 years’ service stand down from his post and the board at the end of the company’s general meeting in June. The announcement, made in Serica’s results for the year ended 2022, added that his successor will be David Latin who was recently appointed board non-executive […]
Cadence becomes largest shareholder in Evergreen
Cadence Minerals plc has filed its notice of being the largest shareholder in Evergreen Lithium Ltd after the investee company listed on the Australian Stock Exchange. SHARES The company holds 15,830,138 million shares, equivalent to 8.74% of the issued share capital of Evergreen, which listed on 11 April 2023. Cadence received the shares in July […]