Cornish Metals Inc has begun a 14-hole exploration drill programme for 9,000 metres to test a possible district-scale tin target at Wide Formation in Carn Brea South. EXPANSION Discovered in January, the target lies along the southern boundary of the South Crofty underground mine permission area. The Canadian company infers Wide Formation to lie parallel […]
Month: November 2024
Predator operating losses rise on multi-well drilling
Predator Oil & Gas Holdings plc reported more than a three-fold increase in operating losses from drilling for potential additional gas resources onshore Morocco. FINANCES Half-year results to 30 June saw losses of £2,361,721 (H1 2022: £599,789). Cash reserves totalled £1,006,006 (full year 2022: £3,323,161) and restricted cash of £1,188,863 (FY 2022: £1,245,798) as the security deposit for […]
Scotgold review focuses on top down LHS mining
Scotgold Resources Ltd has outlined priorities identified from its continuing review of the revised mining plan and schedule for the Cononish gold-silver mine near Tyndrum. TOP-DOWN LHS The company, which still needs to pay debt interest, said that the mine plan and schedule until July 2025 focuses on transitioning to top-down long hole open stope […]
Helium One applies for 45m shares to trading
Helium One Global Ltd has applied for admission to trading 45,022,104 ordinary shares of no par value each in the capital of the company. The company said it would issue new ordinary shares “from time to time to satisfy certain options and warrants issued to the company’s directors, management, staff and other various stakeholders”. The […]
Corcel converts £100,000 loan notes into 25m shares
Corcel plc has received notice to convert £100,000 of outstanding loan notes into 25,000,000 new ordinary shares each at a price of £0.004. The loan notes are from the company’s lenders YA II PN Ltd and Riverfort Global Opportunities PCC Ltd. Following the issue of the shares Corcel’s issued ordinary share capital will comprise 1,499,528,988 […]
Star Energy awards 370,000 share options to CEO-CFO
Star Energy Group plc has issued 370,000 nil cost options over ordinary shares under under the company’s executive incentive plan. Chief executive officer Chris Hopkinson and chief finance officer Frances Ward each received 185,000 awards. The awards will vest and become exercisable one year after the date of grant of the options, 14 September 2023, […]