Clontarf Energy plc has completed its joint venture (JV) for direct lithium extraction from brine in Bolivia as it plans to expand its portfolio. TERMS Following all conditions precedent being satisfied for the deal signed in February 2023, the company has now paid partner NEXT-ChemX Corporation US$500,000. It will also issue to the US-based company […]
Month: November 2024
Power Metal appoints Bill Brodie Good as NED
Power Metal Resources plc has appointed Bill Brodie Good as a non-executive director (NED) with immediate effect. He will also provide consulting services to the company at project level. Mr Good has more than 30 years’ experience in exploration and project management in Australia, Francophone West and Central Africa, the Middle East and Central Asia. His most recent role was […]
Alba ‘very bullish’ as losses rise with operations on hold
Alba Mineral Resources plc reported an increase in losses but remained “very bullish” while it continues to await permits for the Clogau-St David’s gold mine in Wales. FINANCES Final results for the year ended 30 November 2022 showed operating losses of £1,623,000 before impairments (2021: £1,067,000). The figure reflected a full year of administrative expenses […]
Deltic NED purchases one million shares
Deltic Energy plc non-executive director Peter Nicol has purchased one million ordinary shares of 0.5p each into his ISA, each at a price of 1.79p. Mr Nicol now has three million shares. Chief financial officer Sarah McLeod transferred 282,581 ordinary shares to her individual ISA account, resulting in no significant change to her holding of […]
Corcel sells 20% of Mt Weld to board nominee
Corcel plc has sold 20% of its Mt Weld rare earths project for A$1 million (£500,000) cash to a shareholder company controlled by nominated non-executive board member Antoine Karam. JOINT VENTURE The sale is to Italian private investment company Extraction Srl which currently holds 9.61% in Corcel. Mr Karam was nominated to the board by Corcel’s […]
Capricorn to start $25m share buyback
Capricorn Energy plc said it planned to buy back shares in the company for up to a maximum total of US$25 million. CAPITAL REDUCTION The company expects the repurchase programme, managed by Merrill Lynch International, to start immediately and complete by no later than 30 April 2024. The scheme aims to reduce the capital of […]