Conroy Gold and Natural Resources plc has acquired shares in Karelian Diamond Resources plc to part-settle debt owed to it. TERMS The company has also agreed a loan to help fund Karelian’s exploration in Finland. As at the end of the six-month period ending 30 November 2022, Dublin-based Karelian owed Conroy Gold €234,651. Conroy Gold […]
Month: November 2024
WCM secures ‘multi-million pound’ deal for Woodhouse
West Cumbria Mining Ltd (WCM) has completed a new “multi-million pound funding package” for Woodhouse Colliery, near Whitehaven. WORKSTREAMS The undisclosed amount will finance the next development phase throughout 2023 and the start of construction in 2024. WCM previously published its backer as Australian investment company EMR Capital Resources. The company said it had also […]
Cornish Metals sets date for dewatering South Crofty
Cornish Metals Inc expects wet commissioning of the mine water treatment plant to begin in June and continue into July, before dewatering starts in August at the South Crofty tin project in Cornwall. PROGRESS The plant, estimated to cost £6.6 to £7 million, is designed to treat 25,000 cubic metres of mine water per day. […]
Tungsten West co-founder-chairman Mark Thompson leaves
Tungsten West plc’s executive vice chairman Mark Thompson has left the company, as previously intended. Mr Thompson established the company with former chief executive officer Max Denning who left the company last year. Non-executive chairman David Cather said: “Mark was one of the founding directors of Tungsten West and on behalf of the board and […]
Capricorn to nominate Patrice Merrin as NED
Capricorn Energy plc intends to nominate Patrice E. Merrin as an independent non-executive director (NED) for election at the company’s general meeting on 26 June 2023. Ms Merrin has significant experience across the energy, resources and commodity sectors. She is due to retire at the end of May after nine years as independent NED from Glencore […]
United agrees second deadline for Maria sale
United Oil & Gas plc has agreed a second deadline extension to the end of July for the sale of its North Sea licence containing the Maria discovery to Quattro Energy Ltd. QUATTRO The company initially signed the £5.7 million asset purchase agreement for P2519 with Quattro, dependent on financing, to be completed 16 April 2023. […]