Galantas Gold Corporation completed a shares-for-debt transaction announced in March with several of its arm’s length creditors for a total C$749,020 (£440,600). The company has accordingly issued a total 2,080,609 units of the company each at a deemed price of C$0.36. Each unit is comprised of one common share and one common share purchase warrant. Each […]
Month: November 2024
Tungsten West managing director James McFarlane resigns
Tungsten West plc’s managing director James McFarlane has resigned with immediate effect to return to consultancy work. Mr McFarlane was formerly mining technical services manager at Hemerdon, under previous owners Wolf Minerals. He re-joined the operation for Tungsten West as technical and operations director before being promoted to managing director in February 2022. Mr McFarlane […]
Power Metal confirms target metals at Molopo
Power Metal Resources plc confirmed nickel sulphides and platinum group elements from its 2,402.8m drill results at Molopo Farms Complex (MFC), southwest Botswana. MOLOPO The company said it had also been in discussions with potential partners to advance the project to large-scale exploration. The site, covered with Kalahari sand, comprises commercial cattle ranches on a […]
Cornish Metals nears completion of water treatment plant
Cornish Metals Inc continues to advance preparations ahead of a mining decision at the end of 2024 for the South Crofty tin project in Cornwall. WATER TREATMENT PLANT In its annual statements for the year ended 31 January 2023 and until 26 April 2023, the Canadian company reported near completion of the water treatment plant […]
Neptune-Spirit bring 11th well on stream at Cygnus
Neptune Energy and its partner Spirit Energy today began production from the 11th well at its operated Cygnus gas field in the southern North Sea. SUPPLY The new well is expected to produce approximately 4,000 boepd, enough gas to heat approximately 200,000 UK homes. Together with the 10th well which came onstream earlier this year, […]
United revenue falls and capex rises in ‘challenging’ year
United Oil & Gas plc’s revenue fell and capital expenditure rose from mixed results in a “challenging year” at its Abu Sennan interests, onshore Egypt. FINANCES The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. Audited results for the year ended 31 December 2022 show revenue of […]