Anglesey Mining plc shareholders voted against re-electing chairman and director John Kearney after his nearly 30 years’ service with the group. INSTRUMENTAL At the company’s general meeting on 27 October, the resolution to re-appoint him received 93,533,645 votes in favour, 103,058,404 against with 256,302 withheld. Non-executive director Andrew King will act as interim chairman while […]
Month: November 2024
Upland cancels offer period over doubtful takeover bid
Upland Resources plc has terminated the offer period relating to an unsolicited approach earlier in the week for a possible takeover, which it rejected. REMOVAL In a statement on 27 October the company said: “The board of Upland now advises that it has received information that has cast significant doubt on the veracity of the […]
FCM granted exploration permits for North Hemlo-Esa
First Class Metals plc (FCM) has been granted two exploration permits for the company’s North Hemlo and Esa polymetallic properties in the Hemlo area of northwest Ontario. DRILL LOCATIONS The company said it was on target to bring four of its properties to drill-ready status, with the possible exception of Esa, and to drill one […]
Cornish Metals opens water treatment plant
Cornish Metals Inc. has commissioned and officially opened the water treatment plant in readiness for the start of dewatering the South Crofty tin mine. RED RIVER A high density sludge bed has built up within the plant and discharge of treated water from the mine into Red River will begin the week beginning 30 October […]
Altona losses rise in ‘transformational year’
Altona Rare Earths plc’s losses widened during a transformational year at its Monte Muambe rare earths project in northwest Mozambique. FINANCES Results for the year ended 30 June showed a loss of £1.3 million (2022: £800,000) while the company said it was focused on keeping administration costs to a minimum. The group’s total assets increased to […]
Ascent awarded proceeds from all Petišovci wells
Ascent Resources plc said it had received confirmation of its subsidiary’s entitlement to proceeds from all the wells in the Petišovci onshore gas joint venture in Slovenia. RESOLUTION The arbitration tribunal’s decision follows the hearing against the company’s partner Geoenergo. Disagreement arose from the companies’ different interpretations of baseline production and the number of wells […]