Metals & Minerals News

FCM partner acquires 80% of West Pickle Lake

First Class Metals plc’s partner has acquired an 80% interest in and become operator of the West Pickle Lake nickel-copper project in Ontario. EXTENSIVE Palladium One Inc. completed its earn-in over two years of a possible three-year period and will now create a formal joint venture agreement for the 33 single cell mining claims. The […]

Finance News Oil & Gas

Deltic marks ‘transformational’ six months

Deltic Energy plc continues to hold a strong balance sheet after a “transformational” first half year from the major hydrocarbon discovery in the Pensacola licence. FINANCES Results for the the six months of 2023 show that the company began the year with £20.4 million cash and ended the period with £9.1m following planned investment of £10m […]

Company Moves News Oil & Gas

United COO Jonathan Leather steps down after eight years

United Oil & Gas plc chief operating officer and executive director Jonathan Leather steps down after working for the company since its formation in 2015. MIXED EMOTIONS He will leave on 31 August and become a consultant with the company while the farm out process continues for its Jamaica licences. “It has been an incredible […]