Oriole Resources plc will issue a total of 7,655,885 ordinary shares to members of the board in relation to £21,000 gross salary foregone during Q1 2023. PRICE The shares will be issued at a price of 0.17p which is a 13% premium to the previously agreed pricing under the six-month salary sacrifice scheme agreed in […]
Month: November 2024
Oriole raises £195,000 via chair subscription
Oriole Resources plc has raised £195,500 via a subscription by its non-executive chair Eileen Carr. A total of 115,000,000 new ordinary shares will be issued at 0.17 pence per share, equal to the the mid-price of the company’s ordinary shares at close of market on 19 April 2023. Following the shares issue, Ms Carr will […]
Tertiary begins 2023 Zambia exploration at Lubuila
Tertiary Minerals plc will start its 2023 exploration season in Zambia at its Lubuila joint venture (JV) project in the central African copper belt. LOCAL PARTNER The company’s partner Mwashia Resources Ltd has the right to earn in up to 90% of four licences including the Lubuila, Mukai, Konkola West and Mushima North projects. Lubuila […]
British Lithium mulls shares issue to raise £20m
British Lithium Ltd said it could issue shares with tax incentives to raise up to £20 million to fund qualifying research and development expenditure for its operations in Cornwall. TAX INCENTIVES The potential fundraise was noted in the total exemption full accounts for the year ending July 2022 for the Australian company’s subsidiary, Research by […]
IOG delayed by gas-oil influx in Blythe H2
IOG plc encountered “abnormally pressured gas and oil influx” while drilling the Blythe H2 development well at the Saturn Banks project in the southern North Sea. H2 WELL The H2 well is being drilled by the Shelf Perseverance jack-up drilling rig under IOG’s contract with Shelf Drilling (UK) Ltd. Petrofac is the well operator. IDENTIFIED […]
FCM notes West Pickle Lake mineralised zones
First Class Metals plc continues to report positive results from exploration with wide zones of nickel-copper mineralisation intersected at West Pickle Lake in Ontario, Canada. POTENTIAL The company’s joint venture partner and operator Palladium One Inc, which has the option to earn in up to 80% of the project, has to date drilled 32 holes […]